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Central Bank of Nigeria: Issued the "Regulations on the Operation of Non-Securities Virtual Assets," requiring a minimum paid-in capital of 15 billion Naira for foreign currency stablecoin issuers, and P2P transactions must verify BVN

According to the "Regulations for the Operations of Non-Security Virtual Assets in Nigeria" published by the Central Bank of Nigeria (CBN) on November 5, 2026, the CBN will regulate non-security virtual assets and stablecoins used for payment, settlement, and exchange purposes, while securities will still fall under the jurisdiction of the Securities and Exchange Commission (SEC).Foreign currency-pegged stablecoins (Class 2) must be issued by locally licensed entities in Nigeria, with a minimum paid-up capital of 15 billion Naira (approximately 11.16 million USD); the minimum for Naira-pegged Class 1 issuers is 10 billion Naira; entities providing other non-security virtual asset services must have at least 1 billion Naira in capital, and those already holding an SEC license cannot double count towards CBN capital requirements.P2P business facilitated by platforms must obtain special approval from the CBN, and before releasing or crediting regulated tokens, the names on the Naira payment accounts must be verified to match the Bank Verification Number (BVN). Categories such as algorithmic stablecoins are prohibited, and the boundaries of responsibilities between CBN and SEC are defined.

Analyst: In each U.S. midterm election cycle, Bitcoin has shown a significant pullback, and attention should be paid to the key support level of $73,000

Cryptocurrency analyst Ali Charts stated that as the U.S. midterm elections on November 3 approach, investors may overlook the recurring phenomenon of Bitcoin pullbacks observed in previous election cycles. He believes that this election may once again be accompanied by significant volatility, and the downside risk is worth noting, with a key focus on the lower price level of $73,000. According to his statistics, during the U.S. midterm election cycles in 2010, 2014, 2018, and 2022, Bitcoin experienced pullbacks of 72%, 65%, 52%, and 27%, respectively.However, he emphasized that correlation does not imply causation; the election itself may not necessarily be the reason for the decline, as these pullbacks are also influenced by the overall market cycle of Bitcoin, liquidity conditions, and investor sentiment. Fourth-quarter returns also exhibit similar characteristics: in 2014, 2018, and 2022, Bitcoin fell by 16.7%, 42.16%, and 14.75% in the fourth quarter, respectively. The only exception was in 2010, when it rose by 391%, but Bitcoin was still in its early development stage at that time. Therefore, in the past four midterm election years, three of those years recorded negative returns in the fourth quarter.Regarding the subsequent trend, Ali Charts indicated that the area around $73,000 is close to the average purchase cost of current short-term Bitcoin holders, which can be used to observe the positions of recent investors entering the market. He pointed out that in an established bull market, Bitcoin often finds support near the cost of short-term holders after experiencing a significant pullback. He believes that if selling pressure accelerates after the election on November 3, pushing Bitcoin back down to around $73,000, that area will become an important position to test whether buyers are still willing to maintain the overall bullish trend. If the price continues to rebound from that area, it will strengthen the bullish judgment; in terms of operations, he will wait for signs of selling pressure exhaustion and renewed demand before considering establishing long positions.

first_img Robinhood Chain evaluates the paid trading ranking system, with technical support from Arbitrum

According to CoinDesk, the Layer 2 blockchain Robinhood Chain, designed for tokenizing real-world financial assets, is evaluating a transaction sorting system that allows users to pay fees for prioritizing specific transactions. This technology is developed by Arbitrum, the infrastructure provider for Robinhood Chain. Insiders say that Arbitrum's previously launched paid transaction sorting technology, Time Boost, could provide users with a 200-millisecond prioritization advantage, but it was replaced on September 24 by the new Priority Gas Auctions model, which allows traders to pay higher fees to prioritize individual transactions. This new version is what Robinhood Chain is currently evaluating.Currently, Robinhood Chain employs a first-come, first-served transaction sorting strategy and has not yet utilized Arbitrum's original Time Boost application. Since launching its Ethereum-compatible network in July, Robinhood Chain has rapidly gained popularity and has entered the top ten blockchains ranked by total locked value. Robinhood's traditional brokerage business has long profited through "payment for order flow," where market makers pay brokers for the routing rights of customer orders.The mechanism of on-chain paid transaction prioritization operates differently; it provides advantages to traders by accelerating transaction processing speeds, helping professional institutions compete for fleeting trading opportunities.
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