‍Quantum Threat to Bitcoin: Human Panic the Real Danger? Experts warn that the immediate threat to Bitcoin's cryptography from quantum computers is less about theoretical "Q-Day" and more about human panic and slow preparation. Even minor news could trigger market instability. While quantum computers capable of breaking Bitcoin's encryption are likely a decade or more away, proactive adoption of post-quantum cryptography (PQC) is crucial. Some blockchains are already quantum-resistant. Major chains like Bitcoin and Ethereum are exploring PQC integration, but network-wide consensus poses a challenge. Proactive development and informed communication are key.
‍Blockchain Becomes Core Infrastructure in Sports Blockchain technology is transitioning from marketing to essential infrastructure for sports leagues, teams, and venues. It addresses operational challenges like ticketing fraud, athlete data verification, and smart contract automation, with the market projected to reach $10 billion by 2035. This integration aims to create a seamless fan experience, often invisible to the user, by consolidating digital assets and loyalty programs. Budgets are shifting towards multi-year software and settlement contracts that offer transparency, automation, and verifiable settlement. This adoption in sports paves the way for broader mainstream integration.
‍FTX Creditors May Recover Only 9% in Real Crypto Terms FTX creditors face a potential recovery rate as low as 9% in actual cryptocurrency value, despite a planned 143% fiat repayment. This discrepancy stems from using initial petition prices for crypto valuations versus current market values. For instance, the fiat payout for Bitcoin equates to only 22% of its real BTC value. Airdrops from external projects may offer additional recovery. Payouts have begun, with $1.2 billion distributed in February and a $5 billion distribution in May. Meanwhile, FTX founder Sam Bankman-Fried's appeal hearing is set for November 4.
‍Ethereum Hong Kong Hub Launched to Connect Global Ecosystem with Asia The Ethereum Hong Kong Hub has officially commenced operations following its unveiling at the 2025 Hong Kong Digital Asset Forum. This initiative aims to connect the global Ethereum ecosystem with the Asian digital asset market, fostering blockchain innovation in the region. Key stakeholders present at the launch included Hong Kong Legislative Council Member Duncan Chiu and Ethereum Foundation Co-Executive Director Tomasz Stańczak. The hub, conceptualized by SNZ with support from the Ethereum Foundation, will be located at New World Town Hall and operated by SNZ and ETHTAO. The hub's primary objective is to link the global Ethereum community with the Asian market, stimulating innovation and growth. It is expected to facilitate the exchange of knowledge, resources, and talent, positioning Hong Kong as a leading hub for Web3 advancements.
‍Romania Blacklists Polymarket for Unlicensed Crypto Betting Romania's National Office for Gambling (ONJN) has blacklisted Polymarket, citing unlicensed crypto betting operations. This action follows a surge in wagers exceeding $600 million on recent elections via the platform. The ONJN stated Polymarket’s model constitutes "counterpart betting" and falls under gambling laws, irrespective of its blockchain format. Violations include a lack of fiscal reporting, player protection, and AML oversight. Access to Polymarket is now blocked in Romania. This mirrors global regulatory actions; Polymarket was previously fined by the US CFTC, leading to a block on American users, and faces restrictions in several other countries. Despite these challenges, Polymarket secured $2 billion in investment from Intercontinental Exchange. The platform is reportedly preparing a re-entry into the US market.
‍Bitget Launches Onchain Challenge Phase 25 with 120,000 BGB Airdrop Bitget has announced its Onchain Challenge (Phase 25), running from October 30 to November 5 (UTC+8). Participants can earn a share of 120,000 BGB by completing eligible Onchain buy orders of 100 USDT or more daily. The rewards are split into two activities: 60,000 BGB for all qualifying participants based on accumulated credits, and fixed rewards for the top 828 traders by volume. API trades, sub-accounts, institutional accounts, and market makers are excluded.
‍Bitget Launches CandyBomb Campaign for New Futures Traders Bitget is offering new futures traders a chance to win a share of 6,000 BGB tokens. The campaign runs from October 30 to November 6, 2025 (UTC+8). To participate, users must register on the CandyBomb event page, complete KYC verification, and have no prior futures trading experience on Bitget. Sub-accounts, institutional traders, and market makers are excluded. Rewards will be credited within three working days post-campaign.
‍Bitget Celebrates Futures Titan Leaderboard Anniversary with 1,000,000 USDT Pool Bitget is celebrating the 1st anniversary of its Futures Titan Leaderboard with a 1,000,000 USDT prize pool. The event runs from November 1 to November 28, 2025 (UTC+8). The campaign features expanded rewards across daily, weekly, and monthly rankings, with prize pools of 2,500 USDT daily, and up to 70% of the total prize for monthly rankings. It also includes PnL challenges across three tiers (Emerging, Advanced, Star Traders) and up to 24 Mystery Boxes with various rewards, including physical items like the latest iPhone 17. Minimum trading volumes apply, and rewards are distributed as USDT futures trading bonuses. Sub-accounts, market makers, brokers, and institutional accounts are excluded. Bitget enforces anti-cheating measures.