Senin, 03 November 2025

Bybit halts new users in Japan


Plus, MEXC admits it messed up after freezing $3M from trader "White Whale".	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Bybit Halts New Users in Japan, MEXC's Apology to 'White Whale' Trader, & Other News

Oct. 26 - Nov. 1

#1

Bybit halts new user onboarding in Japan, citing 'emerging' regulations

Bybit, the world's second-largest crypto exchange by trading volume, has announced it will pause new user registrations in Japan starting Oct. 31, as it adapts to new regulations from the country's Financial Services Agency.

The company said the move is part of its "proactive approach" to align with Japan's emerging regulatory framework for digital assets, according to a Wednesday announcement.

"It has always been Bybit's commitment to operate responsibly and in compliance with local laws and regulatory expectations," the exchange said.

Existing Japanese customers will not be affected for now, with all current services remaining operational. Bybit said it will share further updates as discussions with regulators progress.

Get the full story

#2

Nigerian fintech plans African stablecoin payment system with Polygon: Report

Flutterwave, Nigeria's largest fintech company, is developing a cross-border payment platform powered by stablecoins, highlighting the growing role of blockchain technology in streamlining payments across Africa.

The company is partnering with Polygon Labs to launch the service across its 34-country network, Bloomberg reported Thursday. Polygon's blockchain infrastructure, built to provide scalable, faster and cheaper transactions on Ethereum, will be used to enhance settlement speed and efficiency.

Flutterwave CEO Olugbenga Agboola said the move could transform the flow of funds across the continent, enabling businesses and consumers to bypass the high costs and delays that often plague traditional payment systems.

"Stablecoin adoption will drive more flows into Africa," Agboola said, adding that the initiative "has the potential to 10x the volumes we are currently doing."

#3

MEXC apologizes to 'White Whale' trader over $3M freeze

About three months after pseudonymous crypto trader the White Whale reported that the MEXC exchange had frozen about $3 million worth of their holdings, a representative publicly apologized and released the funds.

In a Friday X post, MEXC Chief Strategy Officer Cecilia Hsueh said the exchange "f***ed up" in handling a situation with the crypto user. In July, MEXC froze $3.1 million of the user's funds, allegedly due to the exchange's "risk control rules."

"We apologize to [the White Whale], and his money is already released," said Hsueh. "He can claim it at any time. I messed up in communicating with him. I got emotional, and I shouldn't have."

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Prediction of the Week

Quantum threat to Bitcoin still years away, says Borderless Capital partner

Although still in its "infancy," quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital.

When asked what trends Borderless Capital was following, Mehra, speaking to Cointelegraph at the 15th Global Blockchain Congress in Dubai, said the company was "diving deep into quantum compute" and looking at how companies are developing quantum resistance technology.

Mehra said quantum computing will take until the end of the decade to develop. Still, he said, people tend to underestimate the rapid evolution of technology:

"Given the recent advancements which have happened in chip technology, in compute tech, and in the power of doing compute in a decentralized way, it [quantum computing] is definitely a problem. If not imminent […] in the very near future."

FUD of the week

New Hampshire Senate stalls crypto mining deregulation bill after split vote

A vote from the New Hampshire Senate Commerce Committee on a bill aimed at deregulating crypto mining in the US state was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated.

After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin.

House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around electricity use or noise, as well as prohibit state and local authorities from levying taxes unique to digital assets.