mercadop2p

The first week of the LVBP delivered a statistic that hurts the Turco faithful: Navegantes del Magallanes finished with a 0-6 record at the bottom of the standings, right after winning the title the previous season. Yadier Molina’s team is batting .294, the third-best offense in the league, but its pitching has the worst ERA in the league (8.13), with 47 earned runs allowed in 52 innings and 24 walks given up. In other words: they produce a lot, but give away too much.
At PitbullChain, we don’t make our living from baseball; we’re in Venezuela’s P2P market, dealing in USDT/VES, dollars, and digital banking. And that story of a team that scores but can’t protect its lead is exactly what we see every week among dozens of operators who think they’re winning when, in reality, they’re racking up invisible losses.

📊 Rome, speeches, and the Venezuelan’s fridge
Acting President Delcy Rodríguez arrived in Rome this Sunday to attend the 2026 World Food Forum organized by the FAO, a gathering running through October 16 that brings together heads of state, ministers, and representatives of multilateral organizations. She was welcomed by the organization’s chief economist and event coordinator, Máximo Torero, according to Venezuelan state media. The delegation includes Venezuela’s ambassador to Italy, María Elena Uzzo; its representative to the FAO, Marilyn Di Luca; Foreign Minister Félix Plasencia; Food Minister Carlos Leal Tellería; and Communications Minister Miguel Pérez Pirela.

During a joint appearance with the U.S. Secretary of Energy, Venezuela’s acting president, Delcy Rodríguez, once again made it clear that there is no date for elections, but that “there will be an electoral process” when the country is ready. For those of us who closely follow the P2P markets and the pulse of the dollar in Venezuela, these remarks are not just a political matter: they are a sign of how the country is preparing for an economic transition that already has its own name—an oil agreement with Washington.

## The new oil bet looking toward 2026
The U.S. Secretary of Energy, Chris Wright, visited Caracas with a clear message: Venezuelan crude production can grow by up to 50% in the next 12 to 18 months. According to his projections, the country will surpass one and a half million barrels per day in the first half of next year, and could reach two million by the end of the decade.
These remarks come in a context of recent agreements between Washington and Petróleos de Venezuela (Pdvsa), including Chevron’s entry into the Orinoco Belt and the controversy over North American Blue Energy Partners (NABEP)’s involvement in 20% of proved reserves. For the U.S. government, these are simple business arrangements to develop resources; for many Venezuelans, they are a new example of interference.

José Altuve finished the 2026 MLB season with 2.519 hits and made it into the Top 100 of batters with the most hits in the history of Major League Baseball, surpassing Joe Morgan, a member of the Cooperstown Hall of Fame. This is baseball news, without a doubt. But at PitbullChain we like to read numbers for what they teach: repetition, patience, and a goal mapped out years in advance. That’s what separates a well-organized operator from one who improvises in the Venezuelan P2P market.

The Venezuelan rental ball has just signed an unprecedented agreement in its history: for the first time, a single national company for the manufacturing of clothing and athletic footwear — RS Group, headquartered and with a plant in Guatire — will outfit all eight teams in the tournament, as well as the technical and umpiring structure of the Venezuelan Professional Baseball League for the 2026-2027 season. The announcement was made at the company’s own plant, in the presence of its founder Salvatore Volpe and the LVBP president, Giuseppe Palmisano, along with club executives.

## Venezuelan oil and its true regional weight
The recent report from the Latin American Energy Organization (Olacde) puts on the table a figure that, at first glance, is striking: Venezuela contributes only 11% of the oil production of Latin America and the Caribbean, far behind Brazil (42%) and Mexico (17%). This comes amid a context in which the oil agreement signed between Caracas and Washington could raise extraction to 1.4 million barrels per day by the end of 2026.

The high-level week of the 81st session of the UN General Assembly gets under way in New York with a menu packed with open conflicts: Iran, Gaza, Ukraine, Cuba and, of course, Venezuela. Under the slogan "restoring trust," heads of state will sit down to discuss peace, cooperation, and the Sustainable Development Goals. But for anyone operating with cryptocurrencies in the country, what really matters isn’t the speeches—it’s what’s going on behind the scenes: oil, visas, sanctions, and the endless standoff with Washington.

📊 The payment that reaches the special payroll
Starting Friday, August 28, the national government activated the delivery of the Corresponsibility and Training Bonus for the current month. This benefit is aimed at workers in the public administration who are enrolled in the special payroll. According to information shared by Canal Patria Digital, the amount is Bs. 142,500, which is equivalent to US$179.24 according to the official exchange rate of the Central Bank of Venezuela (BCV).
As usually happens with these payments, the news creates expectations not only among the beneficiaries, but also across the Venezuelan financial ecosystem, where each injection of bolívares ends up being reflected in informal interest rates, in P2P transactions, and in the demand for dollars and cryptocurrencies.

🇻🇪 The Venezuelan P2P market is going through a paradox that hasn’t been seen in months. According to Binance data this morning, 89.7% of the traded volume is trying to buy USDT, while the active sell offers total 244. But if there’s so much demand, why doesn’t the spread explode? Today I want to break it down.
📊 At the time of publishing, in Binance’s P2P: Buying USDT is at Bs. 971.67 and Selling is at Bs. 931.20. That leaves a gap of 40.47 bolivars (4.35%). Or, in plain terms: if you buy and sell instantly, you lose 4.35% of your capital in the transaction. It’s not a premium against the official dollar, but the real cost of liquidity.

📊 A contract home run that sounds like dollars
The Atlanta Braves’ management decided to leave nothing to chance and exercised its 2027 option on Ronald Acuña Jr., valued at $17 million. That puts to rest rumors of a potential change of uniform and confirms that the Venezuelan will play his tenth year with the team that saw him make his debut in 2018 and win Rookie of the Year. The original contract, signed in 2019 for $100 million over eight seasons, had already run its course; now extension clauses come into play, and Atlanta still has another similar window for 2028.

Venezuela’s industrial sector welcomed the publication of Decree No. 5,460, issued in Extraordinary Official Gazette No. 7,091, which orders the reduction and elimination of procedures related to export activity. Conindustria, which has been pushing for this since 2017, described it as a major step forward: moving from a system of prior controls to one of operational efficiency and confidence in producers.
For a news site that closely follows the day-to-day of P2P, banking, and the dollar, this is more than just industry news. Any measure that clears the way for goods to leave the country and speeds up the inflow of foreign currency will eventually be reflected in the exchange market. And in Venezuela, that means one concrete thing: less pressure on the supply of USDT and cash in foreign currency.

Banco Exterior’s executive president, Carlos Chow, made a statement that would sound obvious in another country but almost provocative in Venezuela: banks can lend much more than they do. According to his estimates, the country’s loan portfolio is barely around 3.5% of GDP, whereas in average economies that figure ranges from 40% to 50%. Starting from that point, the institution he leads says it has enough capital to expand its portfolio up to sixfold and reach some US$5 billion within a timeframe he describes as short.

📊 Interest arriving from Lisbon
Portugal’s recent visit by Minister of Economy and Territorial Cohesion Manuel Castro Almeida led to discussions that are now beginning to take concrete shape. Alberto Vieira, president of Venezuela’s National Hotel Federation (Fenahoven), confirmed that bilateral meetings were held with Portuguese hotel industry executives and that at least two Portuguese companies are considering investing in the country. The stated goal is simple to describe but complex to achieve: to connect the Venezuelan and Portuguese business communities.

Some news seems to belong in a different section of the newspaper, yet ends up explaining why your neighbor buys USDT on Fridays. The US$150,000 grant that the U.S. Department of State awarded to Miyamoto Global Disaster Relief to support a joint program between the Central University of Venezuela and Arizona State University is one such story. At first glance, it’s pure academia: Venezuelan students training in earthquake engineering and resilient infrastructure. Seen from the P2P market, it’s another piece of the puzzle that defines how money moves through the country.

The debate over how much a Venezuelan worker should earn has returned to the center of public discussion. Orlando Pérez, president of the National United Teachers’ Union (Sinafum), made it clear that the goal is for the Comprehensive Minimum Income—currently pegged at around US$240—to rise to about US$420 a month, while also maintaining the academic professionalization bonus for teachers at all levels and healthcare workers. The statement, made in a radio interview, is not an official announcement of a pay raise, but it does signal the direction of union pressure.

For the third consecutive year, the Credicard Consortium brought together leading representatives of Venezuela’s banking sector at its innovation roundtables, this time under the name “Connecting with the Future 2027.” The gathering was no mere formal event: over several days, the company’s Product and Commercial vice presidencies met with the country’s financial leaders to discuss artificial intelligence, advanced cybersecurity, digital solutions, and the evolution of the payments ecosystem, with a view to building the roadmap for 2027–2028.

The government announced that workers will receive four income increases during 2027, and that none of these adjustments will be lower than the economic growth recorded in the previous quarter. Acting President Delcy Rodríguez shared the news during a labor dialogue forum bringing together union federations, business chambers, and the executive branch. To ordinary citizens, it sounds like relief; to those trading USDT on the P2P market every day, it sounds like a different kind of signal: a schedule of liquidity in bolívares that will need to be read carefully.

📊 A Monday without teller services across the country
The Superintendency of Banking Sector Institutions (Sudeban) has designated Monday, October 26, 2026, as a bank holiday nationwide in commemoration of Saint José Gregorio Hernández Day. In practice, this means that branches will not open, and teller counters—both regular ones and those located in shopping centers, with only a few exceptions decided by each bank—will not serve the public.