Kyrgyzstan announced the launch of the KGST stablecoin backed by the national currency at a 1:1 ratio. The authorities also confirmed that they are preparing to launch a central bank digital currency (CBDC). In parallel, a national crypto reserve is planned, which will include BNB and other assets.
The Incrypted editorial team prepared a digest of the main events in the cryptocurrency industry this week. In it we told about the pardon of former Binance CEO Changpeng Zhao, the first Solana-ETF in Hong Kong, bitcoin price forecasts and experts’ opinions on the current state of the market.
Incrypted’s editorial team recorded 36 fundraising deals between October 18 and October 25, 2025. 29 of them disclosed details, raising a total of $728.58 million. These included both traditional venture capital investments, corporate deals, and tokensales.
Tether — the issuer of USDT steiblcoin — expects its profit to reach $15 billion in 2025. Bloomberg reports, citing the firm’s CEO Paolo Ardoino during a speech at the Plan B forum in Lugano.
On October 23, 2025, the 11th Global Blockchain Summit has already kicked off in Shanghai. The event is being held at the Hyatt on the Bund hotel, where the first summit of this series also took place. The organizer was Wanxiang Blockchain Labs. This is stated in a press release read by the Incrypted team.
Despite the record attention of institutional investors and the launch of spot ETFs, bitcoin’s volatility has not disappeared — and the price decline could reach 50% again, BitMine chair Tom Lee warned.
Coinbase cryptocurrency exchange CEO Brian Armstrong said that despite the shutdown, the U.S. has reached a “historic high” on the issue of promoting a clear market structure for digital assets.
In Poltava region, a deputy of the city council was notified of suspicion of declaring false information. According to the investigation, in 2022-2024, he failed to declare digital assets worth more than UAH 200 million.
Ripple Labs co-founder Chris Larsen received more than $764 million in profits from the sale of XRP tokens. This is reported by CryptoQuant analyst under the pseudonym JA_Maartun.
Cryptocurrency wallet Trust Wallet has announced the launch of perpetual futures (perps), one of the most popular trading features in the crypto industry, which is now available directly in the app.
US President Donald Trump granted a pardon to the former CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), who spent four months in jail. CZ confirmed it on his X page (formerly Twitter).
Google has unveiled the Quantum Echoes algorithm, which, according to the developers, is the world’s first confirmed basis for the practical application of quantum computing, surpassing the capabilities of even the most powerful supercomputers.
The UK Financial Conduct Authority (FCA) has filed a civil lawsuit in the High Court against HTX (formerly Huobi), a crypto exchange advised by Chinese-American billionaire Justin Sun, accusing the platform of illegally promoting crypto services to British consumers. This was reported by Bloomberg.
Cryptocurrency whales continue to actively accumulate Chainlink token (LINK). This is reported by Lookonchain analytics service Lookonchain in X (formerly Twitter).