From the next IPO of GCASH to the launch of the Hiraya Network, here are some of the cryptographic news of the Philippines. (March 24 to 30, 2025).
Sec is optimistic about the next IPO of GCASH
The Bag and Securities Commission (SEC) expressed its optimism on the initial public offer (IPO) GCASH planned in 2025, but clarified that the company has not yet submitted a formal request for exemption from the 20%public flotation requirement. The SEC Commissioner, Mcjill Bryant Fernández, said that, although GCASH has communicated with the Philippine Stock Exchange (PSE), no official discussions have been made with the SEC. He stressed that any exemption request would require a formal application and that the commission would need to evaluate market conditions and offer size before making a decision.
GCASH officially announced his OPI plans at the beginning of 2024. The CEO of Globe Telecom, Ernest Cu indicated that GCASH can seek a reduction in the public flotation requirement up to 10% to facilitate the offer.
BCP General Members Meeting
In a recent one X publicationThe Bayanichain Blockchain firm shared the first meeting of the year of the year of the year of the Blockchain Council of the Philippines, which focused on the growing paper of blockchain in government operations. The event stood out for gathering regulators, agencies and industry leaders to discuss how blockchain technology is improving efficiency and transparency in public services. The SEC Commissioner, Rogelio Quevedo, also attended and emphasized the need for “intelligent regulation” to support Blockchain’s adoption.
Crypto’s role in Ophw’s remittance boycott was exaggerated
As discussions around a “zero remittance week” gain impulse, experts emphasize that cryptocurrency could hinder measurement and organize protest, although its impact can be exaggerated.
Columnist Manuel L. Quezon III pointed out the challenges of coordinating such movements, especially with alternative remittance methods such as monitoring of cryptography. Luis Buenaventura, Chief of CCASH cryptography, clarified that cryptomonide remittances in the Philippines work mainly in the backend instead of at consumer level.
Eigenlayer Avs Dinner
Eigenlayer’s AVS dinner brought together Ethereum builders and cryptographic enthusiasts in the Philippines to explore the future of autonomous verifiable services (AVS) and the liquid spare.
Attendees obtained information on how AVS extends Ethereum’s security layer, and Eth the Philippines led the discussions about real world applications and opportunities for developers and repetitions. A special message from Nader Dabit by Eigenlayer highlighted the growing role of programmable confidence in the Ethereum evolving ecosystem. The event, held at Bonifacio Global City on March 29, 2025, promoted the collaboration and exchange of knowledge between the local community of Ethereum.
YGG warns members about imitators
Guild Guild (YGG) games are warning Your community on an increase in false social networks that is passed through its official Facebook page. These scammers try to deceive users with unre requested links, false gifts and urgent financial offers, often through direct messages or comments.
To stay safe, YGG advises users to verify the details of the account, avoid clicking suspicious links and never share personal information. If a false account is seen, members must inform the community moderators and keep a record of the interaction. Always communicate to YGG through official channels for verification.
Chainquest at the University of Arellano – Andrés Bonifacio Campus
Local Web Bulacan Community held His Chainquest event on March 27 at the University of Arellano – Campus de Andres Bonifacio in Pasig City.
Chainquest is an event that brings together students, teachers and technology enthusiasts to explore the future of web3. Through deep discussions about blockchain, web races, social impact and skills for high demand developers, attendees obtained valuable ideas and growth opportunities in evolving digital panorama.
Hyraya network launch
The Blokc recently launched The Hyraya network to admit innovative Filipino in Blockchain and Web3.
This initiative will connect new companies, universities and researchers with the Global Aptos Network, providing access to funds, training and technical development. Through this collaboration, developers will obtain opportunities to improve their skills and contribute to progress in blockchain applications in government services and transparency.
Hiraya Network main statement
At the launch, Eli Becislao, co -founder of Blokc, declared that the network aims to close the gap between the local blockchain talent and global opportunities. He stressed that, although the country has strong technological talent, many developers lack access to resources and funds.
For Becislao, the key success metric of the initiative is the economic impact instead of only the number of trained developers. He stressed that even if only 100 developers ensure high payment roles within apt or a handful of new companies collect significant funds, would create a substantial dominant effect on employment creation and economic growth.
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This article is published in Bitpins: Crypto Ph News Reca: March 24 to 30, 2025
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