$ETH . GLAMSTERDAM IS COMING. The Biggest L1 Upgrade Since The Merge?
Ethereum has just fixed the date.
Glamsterdam → Sepolia Testnet 📅 October 6, 2026 | 13:53:36 UTC | Epoch 353,024 This represents the first time that Ethereum has carried out one of its most ambitious forks in a live setting.
After Fusaka, Glamsterdam comes next in Vitalik's L1 scaling plan. And it's huge.
What is Glamsterdam? Amsterdam (Execution) + Gloas (Consensus) = Glamsterdam
3 things that will change ETH forever:
1. ePBS (EIP-7732) — the enshrinement of proposer-builder separation We'll no longer have to rely on MEV-Boost. Block construction will be carried directly into the protocol, making it more fair and secure, and the protocol will automatically reward the validators.
2. BALs (EIP-7928) — Block-Level Access Lists Here's the alpha: transactions inform Ethereum of what actions they will carry out → Ethereum is then able to carry them out in parallel. Outcome: Higher transaction processing speed, quicker synchronization, and less state bloat. The L1 system finally achieves scalability.
3. Smarter Gas Pricing Gas now takes into account the actual cost of execution and the growth of the state. This is better for the long term.
*⛏️ Vale Eyes $522M Panda Bond Debut — Brazil's Mining Giant Looks to China*
Vale S.A. (NYSE: VALE), the world's largest producer of iron ore, is looking at making a strategic entry into China's onshore debt market.
It was reported that Vale is considering a Panda Bond with a value of about 522 million dollars (roughly 3.78 billion CNY) — a bond that is its very first one denominated in Chinese Yuan (CNY) and issued in China.
On Sept 9, 2026, Vale issued clarification: There has still been no decision on the question of issuing debt securities, and we regularly examine various methods of financing as part of our ordinary financial management.
They are exploring but have not yet signed.
What constitutes a Panda bond? - Bonds issued in China by a FOREIGN company, denominated in Yuan - Sold on China Interbank Bond Market, cleared via Shanghai Clearing House - Requires strong credit rating (AA+ or higher for Vale expected)
Why would Vale carry out this action?
1. Diversify Funding: Currently Vale has $5.5 billion in cash, $5 billion in credit lines and a total debt of $17.3 billion (according to Fitch). The Panda market provides CNY rates that are lower than those of USD SOFR loans. 2. *More than 50% of Vale's iron ore is sold to China:* Since Vale both earns money and takes out loans in Chinese yuan, this acts as a natural hedge. 3. Green financing: Funding is expected to be obtained for low-carbon mining, for sustainable iron ore production, and for energy transition projects. 4. The deepening of Brazil's ties with China is in keeping with the growing trend among Latin American companies of accessing Chinese capital.
River Financial decided to sue Blockstream Services Canada over unpaid amounts from a mining hosting deal. The total comes to around 6 point 7 million dollars after they canceled the contract in late 2024. There was a termination agreement that covered prepaid fees and an early exit penalty with monthly payments starting the next year.
Payments happened for a bit then stopped around March of 2026. River filed in federal court in Northern California once it became clear nothing more was coming. It feels like the situation got messier than expected once details started coming out.
Blockstream Corp itself says they spun off the US and Canada mining side so they are probably not the defendant here. The person who signed for the Canadian entity has a prior fraud conviction which adds another layer. A magistrate judge already recused himself and the case got reassigned. There was also a big breach on the Liquid Network not long ago. I am not totally sure how all these pieces fit together yet. Hosting deals only work if the other side is solid. The money figure keeps coming up but nothing is settled at this point.
*🇰🇷 South Korea Says: "Law First, Tax Later" — Crypto Tax on Edge Again*
The crypto tax drama in South Korea is back. And this time, it's coming from INSIDE the ruling party.
*What happened:*
Senior lawmaker *Rep. Min Byung-duk* (DPK Policy Committee) yesterday at EastPoint Seoul 2026 said:
> "It's not right to start taxation when the basic law has yet to be established."
He wants the *22% crypto tax* scheduled for *Jan 1, 2027* to be DELAYED until after the *Digital Asset Basic Act* passes. f154
*Why he says the system isn't ready:*
1. *Invisible Overseas Profits:* Korea can't track money on Binance, Bybit etc. The global data-sharing system *CARF* first exchange only starts in 2027-2028. UAE, Seychelles, HK, Singapore - where most Korean traders use - won't share until 2028, US until 2029. So only domestic traders would get taxed. 2. *Taxed even when you lose:* No loss carryforward system. You could profit 10M won one year, lose 10M next year, still pay tax on first year. 3. *No acquisition cost rule:* How to calculate your buy price? Still unclear. 7873
*The Split:* - *Ruling party + Opposition:* Both now want delay. Opposition even proposed pushing it to *2030*. - *Finance Minister Lee Hyoung-il:* Says "Go ahead as planned." Claims 85% of investors hold less than 5M won ($3,670) so with 2.5M won basic deduction, most pay nothing. f154
A petition to delay has already crossed *50,000 signatures* for parliamentary review.
*My Take:* This is the 4th delay attempt. Korea wants to tax crypto like stocks (20% + 2% local = 22% over 2.5M won gain) but without stock-like rules for tracking and losses, it will just push traders offshore.
*🤖 AI is Leaving the Screen and Entering the Real World — But Humans Must Stay in Control*
Gecko Robotics CEO *Jake Loosararian* just dropped a critical warning in his Bloomberg / CNBC interview yesterday:
> "The next phase of AI safety is keeping humans in control as autonomous systems move into the physical world."
*The Big Move:*
Gecko is partnering with *Nvidia* to build an *Open Agent Safety Platform* — a system to set hard boundaries around AI agents operating robots, drones, and autonomous vehicles in:
*His Key Message:* - Physical AI is here — not just chatbots anymore - AI agents will operate real machines that can cause real-world damage - Safety & Speed DON'T have to be enemies — we can deploy fast AND safe if we build the right guardrails
This comes as other AI leaders like Sam Altman & Dario Amodei also warned the UN Security Council last week: "Humans could lose control of the future to AI if we move too fast."
The debate is shifting: From _what AI says_ to _what AI DOES_.
Do you think humans can stay in control once robots run on AI?
BTCS Inc. (NASDAQ: $BTCS) just announced that its DeFi arm *Imperium* has completed all compliance prep to operate as a liquidity provider for *Tokenized Stocks* under the SEC's new exemption! 1486
*What happened:* ✅ Filed required SEC notice ✅ Published website disclosures ✅ Positioned under SEC's Covered Firm / Innovation Exemption for Tokenized Equity Liquidity Provisioning ⚠️ Has not yet commenced trading 1486
This comes just 11 days after the SEC issued a *5-year conditional exemption* allowing Tokenized Securities Venues (TSVs) to trade tokenized NMS stocks via AMMs & liquidity pools without registering as an exchange, plus relief for liquidity providers from dealer registration 3c99
*CEO Charles Allen said:* > _"Blockchain can fundamentally change how securities are traded and settled, moving from fixed market hours and multi-day settlement toward markets that can operate 24/7, 365 days a year, with near-instant settlement."_ 1486
*Why it matters:* - Same dividend & voting rights as real shares - 24/7 trading + instant settlement potential - SEC says tokens must be on public, verifiable blockchains - Issuers can object within 30 days
BTCS is now one of the first public companies ready to provide liquidity for this new on-chain stock market.
CoinMarketCap (CMC) is updating Pi Network’s global crypto ranking. Pi has surged from rank 3100 to 201. It is expected that CMC will also update Pi Coin’s 'Market Cap' this week. Once updated, Pi could enter the Top 15 in global crypto rankings, attracting interest from global investors and financial institutions.
★Key Highlights of March 14★
1. Final KYC Deadline: March 14 is the final deadline for old Pioneers to complete their KYC verification.
2. Pi Day Celebration: March 14 is 'Pi Day', an annual event celebrated by the Pi Network community.
3. ISO-20022 Compliance: On March 10, blockchain companies will begin operating under the global crypto regulatory framework aligned with ISO-20022 standards.
Pi Network is currently the #1 blockchain for retail transactions in transparency & authenticity.
Every active wallet is linked to verifiable data, including phone numbers, national ID verification, and email addresses, ensuring traceability.
4. Enclosed Mainnet Status: Pi Network is no longer in an enclosed mainnet position.
5. Utility Web3 Apps Launch: On March 14, Pi Network will make its Web3 utility apps publicly accessible.
# Recommendation: Instead of selling your Pi Coins for short-term profit, consider holding them at least until March 15. The upcoming developments could be highly beneficial
*Best wishes to everyone!
#pi #PiCoreTeam #picoin
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