Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Conexus, handling around 40% of Venezuela’s electronic transfers, is developing a system to integrate Bitcoin and stablecoins like USDT into the country’s banking network. This new platform will allow banks to offer custody, transfers, and fiat exchange services for crypto assets with bank-level security. The initiative responds to the growing local demand for stablecoins as a hedge against currency devaluation. The system is expected to launch in December 2025, marking a major step in Venezuela’s digital finance evolution.

Binance will support the token swap, redenomination, and rebranding of ai16z (AI16Z) to elizaOS (ELIZAOS) starting November 6, 2025. During this period, trading of AI16Z will be temporarily suspended on Binance Alpha 2.0, and all AI16Z tokens will be automatically converted to ELIZAOS at a 1:6 ratio. The process aims to expand the token supply from 6.6 billion to 11 billion and improve ecosystem liquidity and growth. Trading is expected to resume on November 7, 2025.

Seventeen years ago, on October 31, 2008, Satoshi Nakamoto released the Bitcoin Whitepaper. This nine-page document laid out the foundation for a decentralized digital currency, revolutionizing how we think about money and freedom. What started as a small project has grown into a global financial movement. Today, Bitcoin is used worldwide, transforming industries and empowering individuals by providing a new form of trustless, peer-to-peer digital cash.

Sam Bankman-Fried (SBF) claims that FTX was never insolvent. When FTX filed for bankruptcy, the $8 billion in customer assets remained on the platform. Almost all customers have been or will be repaid between 119% and 143% of what they lost. Around 98% of creditors have already received 120%. After covering $8 billion in claims and $1 billion in legal fees, the bankruptcy estate still holds $8 billion. This shows a significant recovery for FTX customers despite the platform’s collapse.

Starting October 31, Bybit will stop accepting new user registrations from Japan to comply with local regulatory guidelines aimed at protecting investors. Existing Japanese users can continue using the platform for now, but further restrictions may be introduced in the future. Bybit has faced warnings from Japan’s Financial Services Agency in 2021 and 2023 for operating without proper registration. This move reflects Bybit’s commitment to following evolving regulations and working closely with Japanese authorities.

Avalon Labs has introduced an AI-powered blockchain marketplace for real-world assets (RWAs) along with the AI-MaaS concept. They rolled out a Reinforcement Learning model on the BNB Chain and launched CRT, a new token standard granting legal commercial rights. Backed by YZi Labs and Framework Ventures, this project aims to revolutionize asset management by combining AI’s power with blockchain technology, delivering more efficient, transparent, and accessible decentralized finance solutions.

IQ and Frax have launched KRWQ, the first stablecoin pegged to the South Korean won on the Base network. KRWQ is designed to provide a stable digital asset that mirrors the value of the Korean won, making transactions smoother within the crypto space. It supports multi-blockchain transfers using LayerZero technology and is built with regulatory compliance in mind. Currently, minting and redemption are restricted to select partners, marking a significant step for Korea’s digital finance ecosystem.

Bank Indonesia is launching a stablecoin backed by government bonds and tied to its digital rupiah CBDC. This move aims to strengthen the country’s digital financial system by providing a secure and stable digital currency. The bond backing offers a trustworthy guarantee of value, helping to boost confidence among users. This initiative marks a key step in Indonesia’s efforts to modernize its economy and improve digital payments for individuals and businesses alike.

YZi Labs has made its first AI software investment by leading an $11 million seed round in VideoTutor, an innovative educational platform. Founded by 20-year-old entrepreneur Kai Zhao, VideoTutor uses AI to turn any question into personalized, animated lessons. The platform already serves over 20,000 users globally and aims to make high-quality tutoring affordable and accessible to all students. This investment marks a new direction for YZi Labs as it expands its focus into AI software for education.

Fidelity has updated its S-1 filing for its spot Solana ETF by removing the “delaying amendment” that previously gave the SEC control over the registration timing. This means the ETF can become automatically effective after 20 days, speeding up the approval process. Following Bitwise’s lead, this move signals growing momentum for Solana ETFs, paving the way for wider investor access to Solana through traditional brokerage channels.