From Sparkpoint’s SparkAgent launch to Metaverse Filipino Worker (MFW) Caravan launch, 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 (March 3-9, 2025).
SparkPoint SparkAgent Launch
SparkPoint has introduced SparkAgent, a no-code AI platform designed to automate tasks for web3 projects without requiring technical expertise.
- By enabling users to deploy AI agents for community engagement and, in the future, on-chain trading, SparkAgent addresses common challenges such as manual operations, costly development, and complex AI integration.
The platform aims to set a new standard for web3 automation, catering to startups, DAOs, DeFi protocols, and NFT projects by eliminating the need for expensive developers.
- Future capabilities include automated trading, market trend analysis, and smart contract execution.
- Early adopters benefit from zero creator fees and support worth $500 for development and marketing.
SEC Shares Plan to Make Sure PH Stays Out of FATF Grey List
The Philippines has officially exited the FATF grey list, marking a significant milestone in its efforts to strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) measures. To maintain compliance, the Securities and Exchange Commission (SEC) has unveiled several initiatives, including Project HARBOR, a beneficial ownership registry aimed at improving transparency and data-sharing with partner agencies.
- Recognizing the risks posed by cryptocurrencies, the SEC is also drafting new rules for crypto-asset service providers (CASPs) to enhance oversight of digital asset-related businesses. These regulations, expected to be finalized by 2027, aim to prevent financial crimes within the crypto sector.
PH Developer on Bybit Hack
Paul Soliman, CEO of BayaniChain, explained that the Bybit hack, which led to $1.46 billion in losses, was a classic social engineering attack rather than a failure of blockchain technology. Hackers from North Korea’s Lazarus Group tricked Bybit’s security team using a fake user interface (UI), making them unknowingly approve a malicious transaction.
- Soliman emphasized that the breach exploited human error, not blockchain flaws, as the attackers used deception to replace a legitimate transaction with a fraudulent one.
- Soliman also noted that cybersecurity is extremely difficult, and such attacks can happen to any organization. He highlighted that multi-signature vulnerabilities played a role in the attack, echoing concerns raised by Binance’s CZ and Fireblocks.
GCash’s GCrypto launched a USDC Raffle Promo with a ₱1,000,000 grand prize, running from March 3 to April 27, 2025.
- Users must buy or transfer at least 1 USDC into their GCrypto wallets to qualify. Weekly snapshots will be taken every Sunday at 11:59 PM, with the final grand prize snapshot on April 27, 2025.
The promo offers weekly prizes of 20 USDC for 50 winners and a ₱1,000,000 USDC grand prize. It is open to KYC-verified GCrypto users aged 18 and above in the Philippines, excluding GCash employees, affiliates, and their families.
- Weekly winners will be announced after each snapshot, with prizes credited within 7 working days.
Polkadot Philippine Hackathon
To prepare for the hackathon, OpenGuild hosted a Community Call, where @Aeriumcius, OpenGuild’s DevRel, shared valuable insights to help Philippine builders succeed.
- The session emphasized learning from previous hackathon winners and showcased successful projects from the Vietnam Hackathon on the OpenGuild website for inspiration.
The Polkadot Philippines Hackathon 2025, organized by OpenGuild in collaboration with LayerZero and Web3 Bulacan, is a blockchain-focused event aimed at developers and builders eager to explore the Polkadot ecosystem.
- Running virtually from February 10 to March 25, 2025, the hackathon provides participants with the opportunity to develop innovative projects using the Polkadot SDK while engaging in workshops and bootcamps to refine their skills. With a $10,000 prize pool, the event features three main tracks: DeFi, PayFi, and NFTs, each emphasizing cross-chain interoperability and decentralized applications.
ICP Code Camp at WVSU
ICP Hub Philippines, in collaboration with DEVCON Iloilo, WVSU-CICT, and WVSU-BINHI TBI, hosted the ICP Code Camp on March 7, 2025, at West Visayas State University (WVSU).
The event aimed to equip students and aspiring developers with essential Web3 skills, focusing on Motoko programming, blockchain fundamentals, and smart contract development.
Interview Recap
Off The Chain: How Web3 Gave Mommy Julie a New Career—And More Time for Family
Mommy Julie’s journey into Web3 began with Axie Infinity, a game she discovered through her daughter during the pandemic. What started as a way to earn extra income soon led to a full career shift. She became a Community Manager at YGG, later transitioning into an Events Assistant role. Leaving behind her 14-year corporate job, she found newfound flexibility—working from home while balancing family responsibilities. Web3 not only gave her financial stability but also strengthened her bond with her daughter through gaming.
Beyond her career, Julie overcame her shyness and transformed into a confident public speaker. Inspired by content creators in the space, she now encourages parents to explore Web3 alongside their children. Her story highlights the power of Web3 to open unexpected opportunities, offering Filipinos both financial independence and personal growth.
Read the interview here: https://bitpinas.com/feature/off-the-chain-mommy-julie/
At the Scene
Metaverse Filipino Worker (MFW) Caravan Launch
YGG Pilipinas officially launched the Metaverse Filipino Worker (MFW) Caravan, a nationwide initiative aimed at providing Filipinos with access to digital learning and earning opportunities. The launch event featured an opening message from Leah Callon-Butler, Director of Emfarsis, with DICT Director Emmy Lou Delfin and Mench Dizon of YGG Pilipinas emphasizing the importance of digital literacy and collaboration. Phee Tejeda, Business Development Lead at YGG Pilipinas, formally introduced the MFW Caravan, underscoring its mission to empower Filipinos in the Web3 space.
The MFW Caravan will kick off on April 5 at Ayala Malls Abreeza in Davao, followed by stops in Cagayan De Oro (May 4), Iloilo (June 7), Bicol (June 28), and Palawan (July 19) before concluding in Manila on August 2.
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This newsletter is published on BitPinas: Crypto PH News Recap: Mar. 03 – 09, 2025
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