From CryptoPH Conversations: BEYOND HODL meetup to SparkPoint Testnet Milestone, here are some of the crypto news from the Philippines.
Today, we curated some of the news from crypto and blockchain organizations in the Philippines from last week (February 24 to March 2, 2025).
CryptoPH Conversations: BEYOND HODL
Last February 27th, BitPinas’ CryptoPH Conversations: BEYOND HODL Edition gathered traders and DeFi enthusiasts at PDAX for insights on liquidity farming and staking. Luis Buenaventura of GCrypto led a step-by-step guide on DEX liquidity pools, minimizing impermanent loss, and maximizing returns. Meanwhile, Ismael Jerusalem of Sparkpoint delivered a primer on staking.
With over 70 attendees, the event featured live demos, Q&As, and networking.
The event is supported by Sparkpoint, Satlayer, MegaEth, and PDAX.
Worldcoin Activity in Bulacan
Worldcoin has expanded its iris scanning verification to Amana Waterpark in Pandi, Bulacan, after completing activities in Plaridel. The verification process requires no ID or proof of residency—participants only need to generate a QR code in the World app and line up for scanning.
Tools for Humanity previously confirmed the activities as part of its “closed beta” operations, while the National Privacy Commission clarified it does not endorse Worldcoin’s data collection. Web3 Bulacan and PDAX stated they have no official ties to Worldcoin, though PDAX community managers are present to assist users with crypto-related inquiries.
Pinoy Developer on Possibility of Ethereum Rollback
Paolo Dioquino of DeFi Philippines dismissed the idea of an Ethereum rollback after the $1.46 billion Bybit hack, explaining that the blockchain itself was not compromised. He emphasized that the attack exploited Bybit’s interface, not Ethereum’s network or its multisig system. Since the stolen funds were quickly moved, reversing transactions would be impossible without causing greater harm to the ecosystem.
Dioquino also pointed out that Ethereum developers are not considering a rollback, as it contradicts blockchain’s core principle of immutability. Unlike the 2016 DAO hack, which involved a flaw in a smart contract, the Bybit hack did not result from an Ethereum-level failure. He believes that discussions of a rollback only fuel FUD and that trust in Ethereum relies on maintaining its decentralized and irreversible nature.
Kusho World New Contributors
Kusho World announced two new core contributors: Exidz as Core Dev Contributor and Shawtyy as TFK Gaming Lead.
Exidz, a key developer in Kusho’s GameJam-winning team, is leading two major product launches this year. Shawtyy, from Task Force K in Pixels Online, now heads Kusho’s cross-game asset strategy as it expands into Sabong Saga. Their roles was noted to strengthen Kusho’s decentralized contributor network.
Metaversity, YGG’s web3 and AI learning platform, is opening applications for its Marshal Program, an 8-week intensive journey designed to equip participants with real-world skills in blockchain, decentralized applications, and AI-powered solutions.
Applications are open from February 24 – March 28, 2025.
SparkPoint Testnet Milestone
SparkPoint announced that its SparkAgent testnet achieved significant milestones within just 25 days (February 1–25), highlighting strong community engagement and AI-powered automation adoption.
Key achievements include 5,497 wallets connected, 5,898 transactions, 542 social authentications, and 1,121 AI agents deployed. SparkPoint expresses gratitude to its users for driving innovation and shaping the future of AI-driven automation.
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This article is published on BitPinas: Crypto PH News Recap: Feb. 24 – Mar. 02, 2025
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