Curious Cryptos’ Commentary 26th October 2025 — MiCA, Warren, & Zhao

https://www.curiouscryptos.com/post/26th-october-2025-mica-warren-zhao

tl;dr

The EU’s flagship crypto compliance regime, MiCA, is helping bring cryptos to everyone in the EU. Warren and Zhao have conspired to spoil my day.

Market Snap

Market Wrap

This week gives the Fed another chance to manipulate the yield curve with futures prices giving a 98% probability of a quarter-point rate cut on Wednesday, loosening monetary conditions. Remember we are now only six months away from the Fed pivoting to an official policy of total yield curve control. You want to be holding hard assets long before then, but if your choice is gold, I suspect you are going to be sorely disappointed.

Curious Cryptos’ Commentary — MiCA is motoring

The number and breadth of firms being registered under the new MiCA regime accelerates by the day. Hot on the heels of Revolut (https://www.curiouscryptos.com/post/24th-october-2025-man-child-zhao-revolut) comes news that Relai, a bitcoin only app, is now licensed to sell its wares across the whole of the EU. Relai provides the infrastructure for retail investors to invest in BTC only. Relai co-founder and CEO Julian Liniger explains:

“We’re incredibly proud to be one of the first Bitcoin companies to get the MiCA license and are…