Bitcoin Soft Fork Sparks Firestorm!

A new Bitcoin soft fork proposal caused outrage for allegedly threatening legal action against those who oppose it.

Author

Danielle du Toit
October 27, 2025

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Here's what we've got for you today:

  • ‘Attack on Bitcoin’ — Bitcoiners Slam ‘Legal Threats’ in Soft Fork Proposal

  • Zcash Soars After Arthur Hayes Predicts $10K Target

  • Japan Sees Launch of Its First Yen-Backed Stablecoin, JPYC

  • Alibaba Affiliate Ant Group Files ‘AntCoin’ Trademark in Hong Kong, Hinting at Crypto Ambitions

A new Bitcoin soft fork proposal by Luke Dashjr ignited backlash after a section appeared to threaten legal consequences for those rejecting it.

  • A new Bitcoin soft fork proposal by core developer Luke Dashjr caused outrage for allegedly threatening legal consequences against those who oppose it.

  • The proposal seeks to temporarily restrict non-financial data in Bitcoin transactions to prevent illegal or immoral content after the Bitcoin Core v30 update.

  • The controversy centers on lines 261–272 of the proposal, which claim rejecting the fork could bring “legal or moral consequences” or cause a chain split similar to “Bcash.”

Zcash (ZEC) surged by over 30% after Arthur Hayes predicted it could hit $10,000.

  • Zcash (ZEC) spiked by more than 30% after Arthur Hayes predicted the privacy coin could reach $10,000. This price rise made it one of the top performers among major cryptocurrencies.

  • Hayes has a history of market-moving predictions, including his bullish forecast on Hyperliquid’s HYPE token earlier this year.

  • Some traders attribute the rally both to Hayes’s influence and renewed investor interest in privacy-focused cryptocurrencies.

🪙 Japan Sees Launch of Its First Yen-Backed Stablecoin, JPYC

JPYC launched Japan’s first yen-backed stablecoin, fully collateralized by bank deposits and government bonds.

  • Tokyo-based fintech firm JPYC launched Japan’s first yen-backed stablecoin, fully backed by bank deposits and government bonds at a 1:1 ratio with the yen.\

  • JPYC President Noriyoshi Okabe called the launch a “major milestone in the history of Japanese currency,” and mentioned that there is interest from seven companies planning to adopt it.

  • The move comes as the global stablecoin market surpasses $308 billion, with US dollar stablecoins like USDC also gaining traction in Japan.

Ant Group filed a trademark for AntCoin in Hong Kong, signaling possible expansion into blockchain and stablecoins.

  • Ant Group, the Alibaba-linked fintech behind Alipay, filed a trademark application in Hong Kong for AntCoin, hinting at plans to enter blockchain-based finance and stablecoin issuance.

  • The filing covers a wide range of financial services, including banking, lending, FX, digital asset custody, and blockchain settlements.

  • The move was made ahead of Ant Group Chairman Eric Jing’s appearance at Hong Kong FinTech Week, where crypto and digital finance are expected to take center stage.

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