Crypto Adoption Set to Surpass 8% by 2025, Report Shows

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In today edition we talk about

• Crypto Adoption Set to Surpass 8% by 2025, Report Shows

• FTX Reorganization Plan Approved, Paving the Way for User Reimbursements

• Worldcoin Shifts Focus from Europe to Asia and Latin America, Says Executive

Crypto Adoption Set to Surpass 8% by 2025, Report Shows

Institutional interest and economic uncertainty are accelerating global crypto adoption, according to a report from MatrixPort. Currently, 7.51% of the world's population uses digital currencies, with projections suggesting this will surpass 8% by 2025, signaling crypto’s potential shift into mainstream financial systems.

Institutional Interest Drives Growth

The report highlights institutional involvement, particularly from firms like BlackRock, as a major factor behind this growth. Markus Thielen from 10x Research notes that Bitcoin’s evolution, driven by institutional products like ETFs, could further boost adoption.

FTX Reorganization Plan Approved, Paving the Way for User Reimbursements

A U.S. bankruptcy judge has approved FTX's plan to wind down operations and repay users, nearly two years after the crypto exchange's collapse. The Oct. 7 court decision allows FTX’s debtors to return 98% of user claims, with many receiving up to 119% of their account value.

A Milestone in Bankruptcy Proceedings

FTX CEO John J. Ray III highlighted the approval as a crucial step toward distributing funds to creditors and users, marking one of the largest and most complex asset distributions in bankruptcy history.

Worldcoin Shifts Focus from Europe to Asia and Latin America, Says Executive

Worldcoin, the digital identity project co-founded by OpenAI CEO Sam Altman, is prioritizing Asia and Latin America over Europe, according to Fabian Bodensteiner, managing director of Worldcoin Europe. He explained that these regions offer more dynamic opportunities for technology adoption.

Shifting Priorities Amid Regulatory Challenges

While Europe remains operational for Worldcoin, the project faced temporary suspensions in Spain and Portugal due to data privacy concerns. Despite these challenges, Worldcoin launched in Poland and initiated ID verifications in Austria this year.

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