What a week for Kaspa and the crypto world! From Kurncy Wallet’s new Kaspa Innovation Standard for Redemption (KISR) to exchange competitions, world-record ambitions, and big moves from regulators and financial authorities, there’s no shortage of action. Let’s jump into the week’s top highlights.

Kaspa is the Most-Used Network

Kaspa is currently the most widely utilized proof-of-work project, handling 5 times more transactions than Bitcoin, 14 times more than Litecoin, and 102 times more than Monero. Its smooth and fast network makes it highly accessible, and people are actively using it. While older chains struggle to scale, Kaspa is already proving it can support mass adoption. Truly, digital silver in action. 

Thank you to @mikroweller on X for sharing!

Kurncy Wallet Launches New Kaspa Innovation Standard for Redemption (KISR)

Kurncy Wallet has unveiled its first open-source innovation: the Kaspa Invitation Standard for Redemption (KISR). The idea was inspired by @FelixLeclerc, who envisioned a Layer 1 solution to transfer KAS using a signed UTXO that anyone could redeem.

KISR enables anyone to redeem a signed UTXO in a permissionless, secure, and interoperable manner, simplifying the process for both the sender (inviter) and the receiver (redeemer). Wallet developers can implement KISR to enable seamless Kaspa transfers, making onboarding and sharing KAS more intuitive than ever.

To explore the open-source repository and learn more:https://t.co/ZUWcEDXk0U. 

WhiteBIT Trading Competition 

WhiteBIT has kicked off a KAS/USDT trading competition running from September 19 to October 3, 2025.

To enter the leaderboard, traders must generate at least 5,000 USDT in trading volume. The rankings are based on total volume, with 35 winners sharing a 12,000 KAS prize pool. That’s a total of 9,600 KAS reserved for the top 20 traders, broken down below:

• 1st place: 1,450 KAS

• 2nd place: 900 KAS

• 3rd place: 700 KAS

• 4th–20th place: 300–500 KAS each (for those with at least 20,000 USDT volume).

In addition, any user who reaches at least 5,000 USDT in volume qualifies for a random drawing where 15 winners will share the remaining 2,400 KAS. Let the games begin!

Read the full competition details here: Trading competition – KAS on WhiteBIT. 

Kaspa Silver - Why Kaspa Does Not Have Bitcoin "Spam" 

This week, Kaspa Silver released an educational video in which he described the types of spam that can be problematic on the Bitcoin network and explained why this is not a problem on the Kaspa network. 

Bitcoin can process non-monetary data in several ways. One example is “inscriptions,” where the smallest unit of Bitcoin (a satoshi) is used to embed data, such as NFTs or tokens, onto the blockchain. This creates UTXO bloat, increasing the storage requirements for running a node. Another method is the OP_RETURN, which allows arbitrary data up to a certain size (traditionally 80 bytes) to be embedded in a block. Bitcoin Core, which runs about 80 percent of nodes, recently proposed increasing this limit, sparking a contentious debate among the community about potential spam and network bloat.

Kaspa can handle tokens and NFTs on its network without overloading the base layer. The protocol features smaller block sizes (125 KB per block), limited payloads (max 25 KB), and pruning, which means data does not need to be stored forever, keeping nodes light and decentralized. Additionally, Kaspa’s faster block times and ability for users to solo mine further protect against spam while avoiding centralization risks associated with Bitcoin’s mining pools.

In short, Kaspa’s architecture, combining off-chain solutions, pruning, payload restrictions, and faster blocks, ensures that non-monetary transactions do not become a problem for the network, allowing it to scale efficiently while remaining decentralized. 

XXXIM Podcast KAT Bridge

This week, the XXIM Podcast, hosted by Ankit, held an X Spaces discussion featuring Louis from Zealous Swap, Alex, and Ashton from KAT, the Kaspa Alliance for Transparency. The conversation, available as a replay on both X and YouTube, provided an in-depth look at the upcoming KRC20 KAT bridge and its technical design. The KAT bridge is a bridge for KRC20 tokens to go back and forth between Kaspa’s layer 1 (L1) and a layer 2 (L2) network. 

At its core, the bridge will feature a user-friendly UI hosted on the project’s website. This is the only official entry point for initiating a bridge transaction. The process begins with selecting assets on both sides of the bridge. Only onboarded projects are eligible, ensuring reliability and security. When a user initiates a KRC20 transfer, the Kastle Wallet automatically generates the required KRC20 script, referred to as an “extra blob” in Kasplex documentation. This mechanism embeds a signed message from the user’s EVM wallet, linking the wallet cryptographically to the transfer. In practice, the first interaction might come from MetaMask (or another EVM wallet), which doesn’t create a transaction per se, but rather signs a message confirming the wallet, recipient address, and token amount. That information is then embedded directly into the on-chain KRC20 transfer as a deposit.

From there, relayers take over. They monitor Kaspa’s Layer 1 for the deposit transaction, waiting approximately 20 blocks (around two seconds) to ensure finality. Once detected, relayers verify the embedded data and validate the wallet signature to confirm where the bridged tokens should be minted on Layer 2. The system is designed with five relayer layers, each maintaining its own indexer and database. Every layer independently checks the L1 transaction and casts a vote on the corresponding L2 action. When a majority (3 out of 5) relayers agree, the transaction executes—resulting in tokens minted to the intended address on L2. The team wanted to clarify that this process is not multi-sig, but a governance process where the relayers vote. 

All deposits flow into the KAT Bridge Vault, a fixed, universal address on Layer 1 that remains consistent over time and is not tied to any single token. This design choice adds stability and simplicity to the bridging process. In sum, the KRC20 KAT bridge aims to combine a straightforward user interface with a robust multi-layer verification framework, ensuring both usability and security for bridging assets across Kaspa’s expanding ecosystem. The team said that this tactic will work on the Kapslex Layer 2, Igra Labs, or any other Layer 2. 

Chad on Kaspa Silver 

This weekend, Kaspa Silver hosted Chad from Kaspa Commons on a livestream broadcast both on YouTube and on Kaspa’s new streaming platform, Vivoor. Chad is a familiar name within the Kaspa community. He currently runs the Kaspa Commons X account, which features the “Kaspa Accepted Here” YouTube series. Beyond that, he is most recognized as the creator of the Kaspa logo, the author of its original marketing documents, the first unofficial marketing director, and the creator of the Kaspa Ambassador Program. He also managed the Kaspa X account during its early growth and worked directly with exchanges to help secure Kaspa listings.

The conversation began with Chad reminiscing about his introduction to crypto back in 2017, when he worked on the branding for a fork of Dash called Pivox. This was his first experience with decentralized projects that used community funding, and it set the stage for his future work in the industry.

Chad first discovered Kaspa in January 2022, quickly becoming active in its Discord channel. Having worked with many crypto projects, he developed a strong preference for fair-launch and proof-of-work initiatives. He was also impressed with the accomplishments of Kaspa’s dev team and drawn to the story behind the name, “Kaspa”, an Aramaic word for silver.

Chad also shared how his journey into branding began. Years ago, while serving as a pastor, he started experimenting with design on the original Adobe software. Today, he runs Rhubarb Media, a creative agency now in its 21st year. Despite its long track record and wide portfolio, the team remains small, with just Chad and his partner Josh.

One highlight of the livestream was Chad’s story of how he designed the Kaspa logo. Drawing inspiration from ancient silver coins, he created a backwards “K” enclosed within an irregular circle, symbolizing the way old coins were often worn down or shaved along the edges. The distinctive green color was inspired by the patina that forms on aged silver, and completed the design. As Chad often says, branding is all about the story—and the story of Kaspa is embedded in its logo.

The discussion then shifted to the Kaspa Ambassador Program, which Chad helped create to build community through education and grassroots engagement. His idea was simple: the best advertising isn’t paid campaigns but real people sharing the project face-to-face. Though Chad stepped back as the program expanded, it continues to thrive as a decentralized, community-driven initiative.

Another major milestone Chad mentioned was the growth of the Kaspa X account. When he first took over the Kaspa X account, it only had about 4,000 followers. By the time he stepped away, that number had grown to more than 250,000.

On the subject of exchanges, Chad recalled that in Kaspa’s early days he personally engaged in around fifty conversations with exchanges, introducing them to the project. Today, he emphasizes that every major exchange has been contacted on Kaspa’s behalf.

Looking ahead, Chad believes Kaspa’s programmability will ultimately become its defining feature, even more impactful than its role as a medium of exchange. He has no doubt Kaspa will rank among the top ten projects by market cap and sees its potential far beyond the crypto industry. From livestreaming and banking to logistics, science, and transportation, he envisions Kaspa becoming integral to real-world applications.

Chad closed the livestream with a call to action for the community to host local meetups, no matter how small. “Even if it’s just you and five other people, it’s a Kaspa experience.”

Be sure to check out our interview with Chad at “An Interview with Chad Ballantyne: Kaspa Commons and its New Voice for a Growing Ecosystem.”

Keep up with Chad on X at @ChadBallantyne, @Kaspa_Commons, and @rhubarbmedia.

Kaspa Oracles with Eliott

This week, Eliott Mea joined Ankit on the XXIM podcast to discuss his ongoing oracle research with Yonatan Sompolinsky. Oracles play a crucial role in blockchain ecosystems by bringing off-chain data onto the blockchain, an essential requirement for building decentralized financial applications.

Much of the conversation focused on Chainlink (LINK), today’s most widely used oracle provider. Chainlink nodes fetch off-chain data (such as price feeds), aggregate it, and publish the median as the final result. While functional, this design has weaknesses, including reliance on a few nodes (approximately 20), potential collusion, and the assumption that over 50% of the data is always honest. Even if the data is honest, centralization issues could arise since the oracle does not know where the data comes from, and all of the nodes could be pulling it from the same source. As Eliott noted, even a seemingly decentralized network can become fragile if its data inputs are centralized.

Eliott and Yonatan are exploring new ways to address these weaknesses. Their research aims to build oracle systems that discourage manipulation by making dishonest behavior exponentially more costly than any potential profit, ensuring participants are economically incentivized to remain honest—a challenge that demands rigorous research, proofs, and mathematical theorems.

Kaspa’s work on oracles represents an important step toward a future of truly decentralized finance, where accurate and secure off-chain data feeds can empower robust applications built on top of the network. Check out the full podcast episode:  https://www.youtube.com/watch?v=71kB_wbPaqg .

Kaspa SIlver on CrypOliver

This week, CryptOliver, known for regularly producing content about Kaspa, hosted a conversation with Kaspa Silver, with Cantabriado as the moderator. The discussion covered the growth of Kaspa’s ecosystem, the future of smart contracts, and why Kaspa is setting itself apart from other blockchains.

Kaspa Silver began by sharing his own path into crypto. He first discovered Bitcoin, then branched into altcoins and became fascinated with VeChain, even believing at one point that it might overtake Ethereum. Like many, he was impacted by the collapse of FTX, which pushed him to take a deeper look at Bitcoin’s fundamentals. He came across the Bitcoin University YouTube channel and learned the importance of fair launch, proof-of-work, and decentralization. When he stumbled upon Kaspa, which has all the fundamentals taught in Bitcoin University (fair launched, PoW-based, and thriving in a bear market), it clicked for him. He sold all his NFTs (a decision validated when those projects later went to zero) and went all-in on Kaspa, convinced it was the strongest contender for becoming true digital cash.

Wanting to fill the educational gap in Kaspa content, Kaspa Silver began producing material to teach others about its fundamentals. In the podcast, he emphasized the importance of decentralized money, pointing out that fiat is backed by debt and wars, with infinite printing power fueling inflation and reducing freedom. Bitcoin, while sound, still struggles with scalability and risks of centralization. Kaspa, in contrast, offers internet-speed scalability, positioning itself as digital money for everyday use.

He noted that while analogies comparing Bitcoin to gold and Kaspa to silver can be helpful, they also undersell Kaspa’s potential. Historically, silver was used for daily commerce, just as Kaspa is designed to serve as a fast, scalable, and widely used medium of exchange. Unlike Bitcoin, which would require a new protocol to truly scale, Kaspa’s blockDAG structure removes those constraints, with the upcoming DagKnight upgrade pushing scalability to the limits of internet speed.

Kaspa Silver also touched on future opportunities, such as stablecoins, which he sees as a major growth driver for the network, as they enable fiat-denominated transactions on Kaspa. He highlighted the importance of addressing concepts like based rollups and MEV while stressing that Kaspa is setting new standards for proof-of-work. With DagKnight expected to be the last major upgrade, Kaspa is on track to make history as the first proof-of-work system built for internet-scale digital cash.

We’re big fans of Kaspa Silver and the work he’s doing to share knowledge about Kaspa with the broader crypto community. His channel is packed with insights, interviews, and updates, and we encourage everyone in our community to give him a follow and show support.

SEC Creates Generic Listing Standards for Crypto ETFs

On September 17, 2025, the U.S. Securities and Exchange Commission approved generic listing standards for exchange-traded products (ETPs) holding spot commodities, including digital assets. This means exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list qualifying crypto ETFs without submitting a separate rule filing for each product, speeding up approvals that previously took months.

SEC Chairman Paul S. Atkins highlighted the impact:

“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets. This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets.”

Jamie Selway, Director of the Division of Trading and Markets, added:

“The Commission’s approval of the generic listing standards provides much-needed regulatory clarity and certainty to the investment community through a rational, rules-based approach to bring products to market while ensuring investor protections.”

Eligible ETFs must meet criteria such as trading on markets with surveillance-sharing agreements or being tracked by an existing ETF with at least 40% exposure. The order also approved the Grayscale Digital Large Cap Fund and new options on the Cboe Bitcoin U.S. ETF Index. Analysts expect this framework to pave the way for a wave of new crypto ETFs in the U.S. in the coming months, and hopefully, we will see a Kaspa ETF soon.

• Formal regulatory order: https://www.sec.gov/files/rules/sro/nasdaq/2025/34-103995.pd 

• Official press release:  https://www.sec.gov/newsroom/press-releases/2025-121-sec-approves-generic-listing-standards-commodity-based-trust-shares. 

US Treasury Accepting Comments

On September 19, 2025, the U.S. Department of the Treasury announced an advance notice of proposed rulemaking (ANPRM) for the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins). The Treasury is seeking public input on key issues, including regulatory clarity, prohibitions on certain issuances and marketing, Bank Secrecy Act (BSA) anti-money laundering and sanctions obligations, the balance of state and federal oversight, comparable foreign regimes, and tax implications.

The Treasury published a list of detailed questions, such as whether the scope of “payment stablecoin” and “digital asset service provider” is sufficiently clear, how reserve requirements should be treated, how liquidity obligations should be determined, and what kind of IRS guidance may be necessary for taxpayers. Another major focus is whether regulatory clarity could increase demand for stablecoins in the U.S.

Some of the specific feedback they are looking for is included below: 

• Is the scope of the term “payment stablecoin” sufficiently clear as defined in the GENIUS Act? If not, what additional clarification should be provided?

• Is the scope of the term “digital asset service provider” sufficiently clear as defined in the GENIUS Act? If not, what additional clarification should be provided?

• Is the extraterritorial application sufficiently clear as stated in the GENIUS Act? If not, what additional clarification should be provided?

• How should payment stablecoins not issued by a PPSI be treated for accounting purposes under Section 3(g)(1)?

• Are any regulations or guidance necessary to clarify the scope of the reserve requirements in Section 4(a) or the requirement to publish the composition of the reserves?

• How will FPSIs determine the liquidity demands of U.S. customers in such a way that will be sufficient to maintain compliance with the obligation to hold reserves in U.S. financial institutions as set forth in Section 18(a)(3)?

• For the purpose of identifying existing foreign payment stablecoin regulatory and supervisory regimes, are there certain characteristics of a “payment stablecoin” recognized in the market that differ from how this term is defined in the GENIUS Act?

• To what extent would guidance from the IRS on the classification of payment stablecoins be necessary or helpful to taxpayers?

• What other topics, if any, should any such tax guidance address? Which issues should be the highest priority items to address?

• What is the projected impact of regulatory clarity on demand for payment stablecoins?

The public comment window is open until October 20, 2025, but so far, only a few comments have been submitted. This underscores the urgency of industry and community participation, as the Treasury appears eager to move quickly in shaping the first regulatory framework under the GENIUS Act.

If you’d like to submit your thoughts, you can do so directly at:
regulations.gov/document/TREAS-DO-2025-0037-0001.

FTX To Pay 1.6B USD on Sept 30th

FTX and the FTX Recovery Trust released a press statement on September 19, 2025, confirming that 1.6B USD worth of repayment funds will be distributed to users on September 30. Users will be able to access their funds through their preselected distribution avenue. While Kaspa was not listed on FTX, some of our readers may have been impacted by the default through other holdings. Overall, injecting 1.6B USD back into the crypto market should provide a healthy boost in liquidity and sentiment. It’s encouraging to see customers finally regaining access to funds that have been locked up since the exchange’s collapse in November 2022.

If you are still due money from FTX and have not yet submitted a claim, you can do so at claims.ftx.com.