tl;dr: 

• Yonatan Sompolinsky posted multiple times this week, emphasizing that the community must focus on Kaspa's Layer-1 and avoid dependence on external L2s.

• A proof-of-concept SDK for vProgs is being released immediately, with a Rust VM expected to be released this week in collaboration with Hans Moog.

• Flux CEO Daniel Keller appeared on the XXIM Podcast, vowing to help Kaspa reach 1,000 active nodes before its fourth birthday (November 7)—and said he'll personally ensure it happens.

• Kaspa Silver launched a new service offering mini PCs pre-configured as Kaspa nodes, helping support the 1,000-node initiative.

• Zealous Swap teased that it will be listed on a major centralized exchange on November 15.

• Igra Labs continues rapid growth, now with 26 teams building on its L2 and a litepaper on the way.

• BlackRock Chairman Larry Fink spotlighted tokenization as the next global financial revolution—echoing Kaspa's own focus on instant, verifiable value transfer.

• The European Central Bank officially green-lit the Digital Euro project.

• TradFi adoption: Zelle announced it will use stablecoins for cross-border payments.

Yonatan Posts - vProg Proof of Concept Coming Soon

This week, Yonatan Sompolinsky shared new thoughts on vProgs and Kaspa's Layer-2 direction, quickly capturing the community's attention. Several members, including Michael Sutton, joined the discussion. Yonatan emphasized that the Kaspa community should prioritize enabling data to run through the Layer-1 rather than handing control to L2s, which he described as parasitic for diverting focus and value away from the base layer.

In an exciting update, Yonatan revealed his intent to deliver a vProg proof of concept as soon as possible, aiming to assemble a Rust-based VM this week with the help of Hans Moog.

​The discussion originated when Yonatan shared a long post after receiving a newsletter from Charlotte Grysolle titled "From Panic Attacks to Full Night's Sleep." While discussing panic failures in zero-knowledge (zk) proofs with Anton (@CryptoAspect), Yonatan drew parallels between those failures and sudden market sell-offs or instability caused by compromised accounts or system errors.

​He highlighted the role of provable metering—a method of verifying code correctness through mathematical proofs—and explained that, in systems that use this approach, panic conditions require no special handling. This concept is especially relevant to the Rust programming language, which is designed to enforce correctness and safety at the compiler level.

​Yonatan also cited @Max143672 and @CryptoAspect for noting that the zkEVM project SP1—a system built to simplify proof generation for RISC-V programs—currently lacks support for provable metering or panic handling. He added that many rollup projects, such as Polygon and Scroll, rely on custom virtual machines to enable runtime analysis of guest programs and provide better control over execution.

​He described how this approach aligns with the vProg design, likening it to a zk variant of Solana's model. According to Yonatan, vProgs "optimize for dApp sovereignty and eliminate the inherently parasitic L2 entities that aim to draw all network activity under their control."

​Kaspa lead developer Michael Sutton agreed with Yonatan's reasoning but raised an important question about incentives—whether such a system could sustain itself without an L2 to improve usability.

​Yonatan responded that "L2s are parasitic, not symbiotic—the R&D flow is unidirectional."

​Ori Newman added that it isn't necessarily a zero-sum dynamic, suggesting that L2 teams could also benefit from the broader adoption of the L1.

​Sutton later commented that vProgs remain "uncharted territory."

​Meanwhile, Seb (@TheLoadedLounge) offered another perspective, suggesting that, unlike Bitcoin or Ethereum—where L2s often act parasitically—Kaspa's architecture could support a mutualistic relationship, enabling L2s to bring new use cases on-chain rather than pull from them.

​On November 1, 2025, Yonatan reiterated that Kaspa's development should remain anchored in the L1, writing that "backing L2s requires a major leap of faith." He called for the immediate release of a vProg SDK so developers can begin testing the concept, tagging Hans Moog to finalize the Rust VM prototype this week.

Daniel Keller from Flux on XXIM Podcast

Daniel Keller, CEO and co-founder of Flux, recently appeared on the XXIM Podcast. Flux, a leading DePIN project in the crypto space, has been in operation for eight years. During the show, Daniel discussed their new integration with Kaspa, enabling users to deploy a Kaspa node in just minutes.

​Reflecting on the past eight years, Keller highlighted the transformation of the crypto industry and the emergence of viable products. He cautioned, "If you don't see a company's products, you are the product." Companies like Flux, he argued, drive Web3 innovation through clear revenue models and transparent teams. The industry, Keller emphasized, has matured from a "wild west" environment to a respected sector.

​He addressed 'retail fatigue' among Web3 investors, as scam projects have led to greater skepticism. At the end of each crypto trend, he observed, a more sophisticated class of investors emerges. Keller predicted that only a few large companies will ultimately become major players in the crypto space.

​Daniel highlighted how major players, such as J.P. Morgan, are tokenizing assets through real-world asset (RWA) initiatives. He also shared details about a Flux promotion featuring Sal's watches, which embeds NFTs into physical watches to combat counterfeiting. If you own both the watch and the NFT, the asset is verified. This innovation creates a distinction between verified and unverified assets, potentially increasing value.

Daniel emphasized that the era of launching speculative tokens before building products is over; today, projects require a minimum viable product (MVP) before launch. Reflecting on past industry missteps, he recounted a meeting with Alameda and SBF, noting that he sensed issues with their team early on.

​Keller maintains that decentralization remains essential. As the market matures beyond early adopters, he expects trillions in new investment to flow into crypto. Decentralization, he argued, is now a necessity, as illustrated by the impact of AWS outages in October. He praised Binance for supporting decentralized companies and suggested that Coinbase still leans toward merging TradFi with Web3—as evidenced by Base chain's downtime during the AWS outage.

​He acknowledged that smaller projects often lack resources to maintain decentralization and commended Kaspa's commitment, calling it one of the first initiatives where theory is actively driving node growth. As Keller put it, the more decentralized, the better.

​A close friend of Wolfie from Kaspa, Keller, shared that Flux integrated with Kaspa in 2022. The latest initiative has simplified Kaspa node deployment, to reach 1,000 nodes—up from just over 500 currently—by Kaspa's fourth birthday on November 7th. He even offered to deploy the remaining nodes himself. Running a node on AWS costs about 130 USD/month, he noted, while you can get three nodes for 27 USD with Flux.

Daniel remarked that the community "has lost its way" when discussions focus solely on price movement. He praised the Flux community's resilience during bear markets. He shared that he receives daily emails from a new, more educated class of investors as the space matures. Flux currently operates roughly 10,000 BTC nodes worldwide.

When discussing Flux, Daniel prefers not to use the word "crypto," instead focusing on its blockchain technology. He believes Web3 is most successful when it operates as seamlessly as Web2—without needing explanation.

Honorius Post — Kaspa: The First Asset to Encode Economic Order

Community thinker Honorius (@OrangutanElder) shared an insightful post proposing that Kaspa may be the first asset to directly measure and express the sequencing of economic order. Unlike gold, fiat, or Bitcoin—which merely store or exchange value—Kaspa's blockDAG ties value to the system's own coordination and fairness, turning sequencing itself into a form of spontaneous economic order.

Honorius connects this idea to Friedrich Hayek's vision of decentralized coordination, where order emerges naturally from free interaction, rather than central control. He contrasts this with Keynesian economics, which relies on top-down management to maintain stability. In this sense, he argues, Bitcoin has evolved to be more Keynesian—constrained by its linear chain and reliant on secondary layers and institutions—while Kaspa remains Hayekian, preserving open participation and equality at the base layer.

As Honorius concludes, Kaspa doesn't just transfer value—it structures it, transforming finance from an architecture of control into one of spontaneous, verifiable order.

Michael Sutton to Speak at Web3 Devs Underground

Mark your calendars! On Monday, November 17th, from 6–9pm GMT+2 at Mindspace 5 in Tel Aviv, Michael Sutton will be speaking at the Web3 Devs Underground Meetup, sponsored by Masterkey and Starkware. He’ll be joined by Starknet Apps Group Manager nagmoon (@nagmo13). Sutton will dive into the “why and how” of Kaspa’s revolutionary vProg architecture. Don’t miss it! We’ll keep an eye out for a recording.

Ecosystem Updates and Upgrades

Igra LAbs Updates

Igra Labs is growing fast! As of November 1, 2025, 26 teams are building on Igra, with three new projects joining this week. Explore the full ecosystem at https://igralabs.com/ecosystem.

Knexus — Building a Tap2Pay app for Kaspa

Kasperiam — A Kaspa wallet

Tokify — A toolkit to mint tokens, lock liquidity, vest, and stake tokens

If you’re building on Kaspa and want to collaborate, contact [email protected]. Congrats to all on the momentum!​

Additionally, Igra Labs just announced an upcoming litepaper, which will outline the next stage of their development roadmap. As a leading team working on a Layer-2 network for Kaspa, Igra Labs boasts “atomic programmability on a based rollup leveraging Kaspa’s BlockDAG.” Their Caravel testnet—the first live demonstration of this architecture—launched earlier this year, marking a significant milestone toward mainnet integration.

Kaspa Kii Updates 

Kaspa Kii recently shared a progress update, highlighting major advancements with WarpCore—a platform built to uphold ISO 20022, ISO 24165 (Digital Token Identifier), and other key financial standards. WarpCore includes an optional middleware layer to connect traditional finance companies to Kaspa’s BlockDAG, ensuring data remains compliant with global standards and enabling financial institutions to access DeFi.

Kaspa Kii will also showcase some of its 23 projects, including RWA tokenization, at the 15th Dii Desert Energy Leadership Summit on November 6–7 at W Dubai – The Palm. The summit will focus on energy transformation in the MENA region, with topics including bottlenecks to low-emission projects, the impact of AI and digitization, building climate-neutral energy markets, and promoting the localization of energy initiatives.

To read more about Kaspa Kii, please see our article, A Klean Kaspian Future: Desert Energy, Clean Energy Trading, and Kaspa Kii.

Kaspa Silver Node Service

Kaspa Silver has launched a new service offering mini PCs pre-configured with a Kaspa node, a Kaspa Bridge for solo mining, and other useful features. Each ready-to-use mini PC is priced at $478 and comes with reduced bloat, the Brave browser pre-installed, and easy setup—perfect for supporting the community’s 1,000 public nodes initiative.

Why use a mini PC? Unlike your everyday computer, these devices are designed to run 24/7, making node operation reliable and hassle-free.

Prefer a DIY approach? Kaspa Silver’s video also walks you through setting up your own Kaspa node. He recommends a mini PC from Amazon (around $369) and provides a step-by-step guide via his GitHub, including options for running either an individual or public node—and a fun Kaspa background for your computer.

Solo miners: you’ll also find instructions for setting up a Kaspa Bridge.. 

KAS Donation Page

Kaspa Hub has introduced an easy way to create a public Kaspa Donation Page, making it simple for anyone to accept KAS donations. To set up your page, all you need is a display name, username, about section, profile picture, banner image, website URL, Kaspa wallet address, or Kaspa KNS domain. No personal information is required.

Tokenizing the Traditional Financial World Updates 

BlackRock’s Larry Fink : “Tokenize Everything”

At the Future Finance Initiative this week, BlackRock Chairman Larry Fink called tokenization one of the defining shifts in global finance. He emphasized that central banks are already grappling with how rapidly digital currencies and tokenized assets are transforming payments, monetary policy, and the role of the U.S. dollar.

Fink noted that while the world is fixated on artificial intelligence, the greater near-term disruption may come from the accelerating move to tokenize every financial asset—from ETFs to real-world instruments—enabling seamless transfers through digital wallets. As he put it:

"I think we spend so much time talking about AI. We're not spending enough time talking about how quickly we're going to tokenize every financial asset. And the opportunity we have to use a digital wallet, as well as move ETFs and other assets through it. And I think that's going to happen worldwide very rapidly. I think most countries are ill-prepared for this and underappreciate how technology is changing it, not unlike how technology is changing AI and other aspects. It will change the technology surrounding the plumbing of finance." 

He also underscored this theme in his 2025 Annual Letter to Investors, where 'Tokenization' appears as a headline section. Some of his most striking lines include:

• Markets, like everything humans build, aren't perfect. They reflect us—unfinished, sometimes flawed, but always improvable. The solution isn't to abandon markets; it's to expand them.

• To be clear, I'm obviously not anti-digital assets (far from it; see the next section). But two things can be true at the same time: Decentralized finance is an extraordinary innovation. It makes markets faster, cheaper, and more transparent. Yet that same innovation could undermine America's economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.

• Tokenization changes all that. If SWIFT is the postal service, tokenization is email itself—assets move directly and instantly, sidestepping intermediaries.

• Every stock, every bond, every fund—every asset—can be tokenized. If they are, it will revolutionize the investing world. Markets wouldn't need to close. Transactions that currently take days would clear in seconds. And billions of dollars currently immobilized by settlement delays could be reinvested immediately in the economy, generating further growth.

• Tokenization allows for fractional ownership. That means assets could be sliced into infinitely small pieces. Thislowers one of the barriers to investing in valuable, previously inaccessible assets like private real estate and private equity.

• One day, I expect tokenized funds will become as familiar to investors as ETFs—provided we crack one critical problem: identity verification.

What Fink describes as the future of finance, Kaspa's core team is already engineering today—a scalable foundation for instant, verifiable, and tokenized value transfer.

ECB Digital Euro

The European Central Bank (ECB) announced at its recent Governing Council Meeting in Florence, Italy, that it will proceed with the Digital Euro project. In their post on X, they stated that they "will move to the next phase of the digital euro project."

A digital euro would preserve Europeans' freedom of choice and privacy and strengthen our sovereignty and resilience."

​Governor Christine Lagarde stated, "This is not a project in search of a cause. It embodies Europe's capacity to defend itself and transact with a currency that is its own."

Us Crypto Regulations

​Despite the US government shutdown, committees are actively working to advance digital asset regulations. Senate Agriculture Committee Chair John Boozman of Arkansas, who oversees commodity digital assets like Kaspa, says he is speaking with Senator Cory Booker daily to work on their part of the bill and expects to release a proposal 'very, very soon.'

​Banking panel member, Republican Senator Bernie Moreno from Ohio, is also busy working on crypto regulations, told Bloomberg, “My goal would be out of committee before Thanksgiving and into law sometime in mid-December.” He continued, “This is just about doing the right thing, making sure that we ensure American leadership, that we have a good regulatory framework that everybody’s happy with.”

However, there is mixed sentiment. Republican Senator Thom Tillis of North Carolina stated, “I’m not optimistic about us moving much further on anything around digital assets, stablecoins, or crypto in this Congress.” He noted that the US Crypto Bill has until February 2026 to pass, as focus will shift to midterm elections starting early next year.

​Polymarket predicts that the US government shutdown will last until November 16, 2025, or longer.  

Zelle to Use Stablecoins for International Transactions

On Friday, October 31, 2025, payments processor Zelle announced it will use stablecoins for international payments. Early Warning Services, which manages Zelle, stated that stablecoins will "enable Zelle to deliver faster and more reliable cross-border money movement."

​CEO Cameron Fowler stated: 

​“Our goal is to bring the trust, speed, and convenience of Zelle to consumers’ international money movement needs. We're investing where consumer need, bank capability, and global opportunity intersect. With improved regulatory clarity in the U.S., we can focus on what we do best: driving innovation to market.”

Early Warning Services partners with over 2,500 banks and credit unions to “increase access to financial services and products, and protect financial transactions.” This marks a significant shift in sentiment for the crypto industry.

We look forward to when banks start utilizing the WarpCore initiative by Kaspa KLii, which connects traditional financial institutions to Kaspa. 

First Crypto Company Buys a Football Team

On October 20, 2025, the House of Doge—the company behind the Dogecoin Foundation—purchased a majority stake in U.S. Triestina, an Italian football club founded in 1918. Triestina is one of Italy's oldest football clubs, currently competing in Serie C.

The CEO of House of Doge, Marcoo Margiotta, stated about the purchase: 

"It's about connecting Dogecoin's global community with one of Europe's most storied clubs and proving that digital assets can drive real-world value, culture, and passion. This is a first step in bringing the spirit of Dogecoin directly into the fabric of the world's game," Margiotta said.

​This marks a significant milestone in funding real-world programs through cryptocurrency. We look forward to the day when Kaspa has a football team.

CryptoHopper’s “Fair launch is the broken promise of crypto”

CryptoHopper published an article titled "Fair Launch Is the Broken Promise of Crypto," exploring how the term has been overused and often misunderstood. Traditionally, a fair launch describes a project initiated by the community—without premines, venture capital, or insider allocations—meant to create a level playing field.

While Bitcoin is often cited as the original fair launch, the article highlights that Satoshi Nakamoto reportedly controlled a majority of the network early on (some estimates as high as 70%), and early miners amassed large holdings before any public marketplace existed.

The article revisits DeFi Summer 2020, when projects like Yearn Finance and Uniswap popularized the idea of fair launches. However, these projects were quickly imitated by competitors offering higher yields, ultimately benefiting early adopters with each new version.

Ethereum's ICO, which sold over half its supply (72 million ETH) before launch to raise $18 million, is cited as a key example where the model diverged from the ideal. More recent projects, such as Solana, Aptos, and Sui, have also received significant venture capital backing. 

As CryptoHopper notes:

"Users are not buying into a network; they are buying out early backers."

The article sets a high bar for a true fair launch—one that aligns value among all participants, from the smallest miner to the largest contributor. It raises questions about whether individual miners can compete with corporate rigs, whether team contributions should be counted as zero, and whether vesting schedules are relevant. By this strict definition, most projects today fall short of this standard.

CryptoHopper argues that for a truly fair launch, the protocol must provide genuine utility that is independent of token price. Founders and developers should earn from building services or businesses on top of the network, not from speculative token appreciation. If a protocol's survival depends on token demand, fairness is already compromised.

Ultimately, the piece concludes:

​"Fair launch is the only foundation on which durable crypto networks can be built. A network that privileges insiders will always fracture, because someone can always fork the code and promise a slightly better deal. But when fairness is absolute and product value is the driver, there is nothing left to fork against. Communities stay because they are treated as equals, not because of speculative incentives. Fair launch, then, is the social contract of crypto, a commitment that no matter when you arrive, you stand on equal ground with every other participant."

​We completely agree and are happy that Kaspa is one of the few that can fit that definition.

Coinbase Earning Call 

A meme-worthy moment occurred during the October 30, 2025, Coinbase earnings call when CEO Brian Armstrong paused to check the prediction markets before listing off "Bitcoin, Ethereum, staking, and Web3" to fulfill the bets.

This lighthearted moment underscores how prediction markets are becoming a lasting part of crypto culture. Kaspa briefly had its own contender, ProbiFi, which announced in July 2025 that it was building a prediction-market platform on Kaspa. Unfortunately, just a month later, ProbiFi's social media accounts disappeared, and approximately $150,000 in KAS was reportedly transferred to an MEXC wallet. We were genuinely excited about the idea of a prediction market on Kaspa and still hope to see a reputable team revive the concept in the future.

It’s Almost Here — Kaspa’s Fourth Birthday!

Kaspa turns four on November 7, and the community is gearing up to celebrate in style! Four in-person events are taking place around the world, alongside a global 1,000 Node Initiative and custom graphics to commemorate the occasion.

• Dubai: Join @KaspaIntern for a private bowling meetup and mini-tournament at the Dubai Bowling Center from 6–9 PM GMT+4. RSVP here. 

• Nigeria: The Kaspa Ecosystem Foundation (KEF) is sponsoring a birthday celebration at Mama Onyinye Landmark in Nigeria at 12 PM noon, hosted by @0x_ObinnaNwafor. Follow @Kaspa_Naija for the official invite link. 

• London: Celebrate with fellow Kaspaians at Wolfy’s Bar, Unit Q, Nyland Court, Bailey Street, London, from 6 PM – 12 AM GMT. The event will feature familiar community voices, including @WolfysBar, @LevendiPro, and @rock_the_kaspa hosts @Chris_Hutch7 and @TomHutchinson27. RSVP here. 

• New York: The U.S. community will gather at 4225 Longbranch Rd, Liverpool, NY, for an open birthday meetup. Everyone is welcome. Find more details at kaspaevents.xyz. 

To celebrate, the community is also running a 1,000 Node Initiative with the goal of reaching 1,000 active KAS nodes by November 7. As of November 2, 2025, there are already 567 nodes live—129 more than last week!

Flux CEO Daniel Keller mentioned on the XXIM Podcast that he plans to help close the gap by launching the remaining nodes needed to hit the 1,000-node milestone by Kaspa’s birthday. You can monitor the progress in real time on the Kaspa node map.

You can easily launch your own Kaspa node through RunonFlux.io. For step-by-step guidance, @ScapeSquad has created a helpful video tutorial.  Alternatively, you purchase a mini pc directly from Kaspa Silver, or follow his tutorial to launch your own node without Flux.

Finally, don’t miss the official birthday graphics created by Chad at Rhubarb Media —perfect for sharing across social media as Kaspa celebrates four incredible years.