Crypto PH News Recap: Apr. 21 – 27, 2025
From CrypTita Plays Mini-Library Project to Ethereum development workshops, here are some of the crypto news from the Philippines from last week (April 21-27, 2025).
QUICK TAKE: CIMB Philippines Returns User Funds After Unauthorized Transfer Issue
CIMB confirmed that all affected customers have had their funds fully returned.
Worldcoin Iris Scanning Rollout Sparks Concerns from Web3 Leaders Ahead of PH Elections
TLYR Collective’s Jopet Arias and DvCode CEO Eliezer Rabadon questioned Worldcoin’s iris-scanning activity in the Philippines, calling for government oversight and greater community involvement to protect vulnerable Filipinos amid the election season.
CIMB Bank Philippines Investigates Unauthorized Fund Transfers, Promises Full Reimbursement
The bank confirmed it is investigating the issue and pledged to return all impacted funds to affected accountholders.
Coins.ph Joins Circle Payments Network to Improve Global Remittances for Filipinos
Coins.ph partners with Circle as the only Philippine design partner for the Circle Payments Network, aiming to speed up and lower costs for overseas money transfers using $ USDC.
$390M in Stolen Bybit Crypto ‘Gone Dark,’ CEO Confirms Use of Mixers and P2P Laundering
Bybit CEO Ben Zhou reveals that 27.59% of the $1.4B hacked funds—worth $390M—are now untraceable after being laundered through mixers like Wasabi and moved across bridges to P2P/OTC platforms.
CrypTita Plays Brings Crypto Education to Remote PH Communities Through Mini-Libraries
Crypto creator CrypTita Plays launches mini-libraries in rural Philippines to teach blockchain to kids and teens, with support from GCrypto, CoinEx, and Bitget.
Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight
The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate ₱300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.
Crypto-Based Prediction Platform Polymarket Predicts Filipino Cardinal Tagle as Top Papal Contender
Cardinal Luis Antonio Tagle is a leading candidate to become the next pope, according to bets on Polymarket, a crypto-powered prediction platform tracking the papal succession after Pope Francis’ death.
PNP Seeks AMLC Help to Trace ₱200M Crypto Ransom in Anson Que Kidnap-Murder Case
The Philippine National Police has requested AMLC’s assistance to trace ₱200 million in crypto ransom payments linked to the kidnap-slay of steel magnate Anson Que, as two Chinese suspects remain at large.