‍Bitcoin Miners Dive into AI with $11B Debt Surge Post-Halving Following the April 2024 Bitcoin halving, mining companies have raised $11 billion in convertible debt, a 500% increase from the previous year. This capital is largely directed towards developing AI data centers, driven by reduced block rewards and significant capital expenditures on hardware. Prominent miners like MARA and Cipher Mining secured $1 billion each. This strategic pivot leverages existing infrastructure and energy expertise to address industry challenges and revenue shortfalls. Efforts are also underway to integrate these energy-intensive operations directly with energy grids to manage power demands.
‍VerifiedX Foundation Launches "Butterfly" for Self-Custodial P2P Payments VerifiedX Foundation has launched "Butterfly," a self-custodial P2P payment and commerce platform. Launched on October 30, 2025, Butterfly enables instant, borderless transactions of VFX, Bitcoin, USDT, and USDC via familiar communication channels. The platform aims to bring DeFi to everyday users, offering true P2P payments without centralized control. Butterfly allows users to send and receive digital currencies directly from any crypto wallet or exchange. It also integrates with on/off-ramp providers like Crypto.com and MoonPay for traditional card transactions. Transactions are instant with a minimal fixed fee of $0.01. A core tenet of Butterfly is self-custody, simplifying access and security with an encrypted username and password, ensuring user control over funds and data. Future expansions include P2P lending and borrowing, social rewards, and token-based incentives.
‍Indonesia to Launch Digital Rupiah Backed by Government Bonds Bank Indonesia (BI) is advancing plans for a digital rupiah (CBDC) underpinned by tokenized government securities (SBN). Governor Perry Warjiyo announced the initiative, describing it as Indonesia's "national version of a stablecoin." This development comes amidst growing crypto adoption in Indonesia, which ranks seventh globally in Chainalysis’s 2025 Global Crypto Adoption Index. The OJK is monitoring stablecoin usage and enforcing AML compliance, acknowledging their role as hedging tools.
‍SAFEX Rebrands to YUBIT: A New Era for Global Crypto Trading Singapore-based cryptocurrency exchange SAFEX has rebranded to YUBIT, marking a strategic evolution five years after its launch. The new identity signals a focus on innovation, global expansion, and enhanced digital asset trading services. YUBIT's name, a blend of "You" and "Bit," reflects its philosophy of user centrality, built on personal empowerment, community participation, and technological progress. The exchange emphasizes its U.S. MSB license and commitment to global regulatory standards. The platform plans to integrate social and intelligent trading features, including spot, futures, leveraged trading, staking, and copy trading. YUBIT aims to foster a more interconnected and user-centric trading experience, expanding its services and global footprint over the next two years.
‍Bybit Temporarily Halts New User Onboarding in Japan Bybit is pausing new user registrations from Japan effective October 31, 2025, at 12 PM UTC. This decision is a proactive measure to comply with evolving regulations set by Japan's Financial Services Agency (FSA). Existing users will not be affected. Bybit remains committed to regulatory adherence and its global Web3 vision.
‍$19B Liquidation Fuels Demands for Regulatory Reform After Insider Trading Exposed The crypto market saw its largest liquidation event, $19 billion, following US tariff announcements. Onchain data revealed a $160 million profit from a short position opened just 30 minutes before the news, sparking concerns of market manipulation and insider trading. This incident highlights the "Wild West" nature of unregulated crypto markets. As CoinBureau founder Nic Puckrin notes, insider trading is a persistent issue across all markets, driven by greed. Puckrin advocates for modernizing regulations to include digital assets and derivatives, update definitions of insider information, and strengthen enforcement to restore trust.
‍SiGMA Rome 2025: Cryptobanco Unveils Advanced Crypto Payment Solutions Cryptobanco will showcase its next-generation platform for cryptocurrency payment processing at SiGMA Rome 2025 (November 3-6). The company offers a simple, secure, and institutional-grade fintech solution for businesses to manage digital asset transactions, supporting major cryptocurrencies like USDT, USDC, BTC, ETH, and TRX. Visit Cryptobanco at booth #1046 for live demonstrations and consultations on integrating crypto payment gateways. The platform features crypto-to-fiat/crypto-to-crypto transactions, access management, and one-click bulk payouts.
‍x402 Protocol Gains Traction with Coinbase & Cloudflare Backing The x402 protocol is seeing renewed interest, shifting focus from token hype to its utility for pay-per-use internet functionality. Key support from Coinbase and Cloudflare is cementing its role in digital transactions. x402 enables micro-transactions for digital resources, using the "402 Payment Required" HTTP status. This system bypasses accounts, passwords, and subscriptions, offering a streamlined onchain payment process. Initially highlighted by the PING memecoin, the protocol's adoption is now driven by its practical applications for API calls, AI inferences, and downloads. Cloudflare's integration into its SDK and Coinbase's Payments MCP for LLMs are key developments.
‍METABORA GAMES Launches 'Puzzle & Guardians' on LINE NEXT, Boosting BORA Token Utility METABORA GAMES has launched its new Web3 title, "Puzzle & Guardians," globally via LINE NEXT's Dapp Portal. This release expands BORA token utility within the Web3 gaming ecosystem. The game combines puzzle mechanics with RPG elements, allowing players to earn BORA token rewards through in-game missions and events. It also supports in-app purchases using BORA tokens. METABORA GAMES introduced "BORA DEEPS" infrastructure with its Quest feature, linking in-game missions to BORA rewards. Gas Abstraction on the Kaia chain enhances accessibility for BORA token holders.
‍US-China Trade Truce in Kuala Lumpur Boosts Global Markets and Crypto Sentiment A significant trade consensus reached between the US and China in Kuala Lumpur involves easing tariffs and suspending export controls, de-escalating tensions that impacted global markets. This development may foster a more optimistic investment climate for cryptocurrencies, potentially bolstering digital asset valuations and investor confidence. Bitcoin has reportedly seen a positive price reaction following the announcement.