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According to Cointelegraph, Uganda's threat to shut down Jack Dorsey's decentralized messaging app, Bitchat, has been met with skepticism by one of its developers. The Uganda Communications Commission's executive director, Nyombi Thembo, announced on Monday that his team possesses the technical capability to disable Bitchat. The app utilizes Bluetooth mesh networks, allowing encrypted communication without internet access.Bitchat experienced a surge in downloads last week after opposition leader Bobi Wine encouraged Ugandans to install the app as a precaution against potential government internet shutdowns, a tactic used in previous elections. Thembo expressed confidence in his team's expertise, stating, "We know how it can be made not to work," and downplayed the app's significance by calling it "a small thing." Data from Calle revealed that over 400,000 Ugandans have already downloaded Bitchat. Calle responded defiantly on X, asserting, "You can't stop Bitchat. You can't stop us," and encouraged Ugandan developers to engage in open-source projects, emphasizing the app's free and open-source nature.Uganda has a history of internet shutdowns during elections, as seen in 2016 when President Yoweri Museveni imposed a nationwide block on internet and social media access, citing security concerns. A similar scenario occurred in 2021 with a four-day internet blackout starting on election night. Bitchat's decentralized structure, lacking central servers, accounts, email addresses, or phone numbers, makes it a viable option for communication during such blackouts.Globally, Bitchat has gained traction in various regions facing internet restrictions. In September, nearly 50,000 Nepalese users downloaded the app to bypass a brief social media ban amid corruption protests. Madagascar experienced a similar increase in downloads for comparable reasons three weeks later. In November, Bitchat became the second-most downloaded app on the Apple App Store in Jamaica during Hurricane Melissa, providing crucial communication for many of the country's 2.8 million residents as internet access was disrupted.

Telegram founder Pavel Durov has publicly addressed concerns surrounding the company’s ownership and financing structure, stating that Telegram has no capital ties to Russia and that its recent bond issuance involved no Russian investors.According to ChainCatcher, Durov made the remarks on Jan. 7 in a post published on X, responding to speculation following Telegram’s latest debt financing.No Russian participation in $1.7B bond issuanceDurov clarified that Telegram’s $1.7 billion bond issuance was structured without participation from Russian investors, emphasizing that the company’s capital base is independent of Russia.He said the claims linking Telegram’s financing to Russian interests were incorrect and misleading, reiterating that the company’s ownership and funding sources are clearly defined.Legacy debt largely repaid, no ongoing riskAddressing questions about Telegram’s prior debt, Durov explained that the bonds issued in 2021 have been largely repaid, and that the remaining obligations do not pose a material risk to the company’s current financial position.He stressed that concerns conflating legacy debt with present-day financial exposure are unfounded.Bonds do not imply ownership, Durov remains sole shareholderDurov also underscored a key distinction between debt holders and equity ownership, stating that bondholders do not have ownership rights in Telegram.He reaffirmed that he remains Telegram’s sole shareholder, and that there is no direct relationship between the company’s bond financing and its equity structure.“Bondholders are not shareholders,” Durov said, emphasizing that Telegram’s governance and ownership remain unchanged despite its use of debt financing.Clarification amid heightened scrutinyThe statement comes amid heightened scrutiny of large technology platforms and their funding sources, particularly those with global user bases and geopolitical relevance.Durov’s comments aim to dispel speculation by drawing a clear line between Telegram’s debt instruments, ownership structure, and geographic investor exposure, reaffirming the company’s independence from Russian capital. 

According to PANews, DownDetector, a website that monitors network conditions, has reported issues with the large multiplayer online game creation platform ROBLOX in the United States. Additionally, users have indicated problems with Amazon's cloud services in the region.

According to PANews, Telegram currently employs fewer than 100 full-time staff despite having a user base of 1 billion. The company maintains a streamlined operational model. In the first half of 2025, Telegram's revenue reached $870 million, marking a growth of over 65% compared to the previous year. Approximately one-third of this revenue, around $300 million, was generated through exclusive agreements related to Toncoin. Advertising revenue amounted to $125 million, while paid subscription income rose by 88% to $223 million. Despite achieving an operating profit close to $400 million, Telegram recorded a net loss of $222 million due to the depreciation of Toncoin. The company aims to achieve $2 billion in revenue by 2025. Plans for an initial public offering (IPO) have been delayed due to ongoing litigation in France.

According to Foresight News, the challenges faced by Web3 are not due to a lack of creativity but rather its inability to resonate with the general public. The current narrative surrounding Web3 is filled with abstract concepts like public chains, infrastructure, and protocols, which lack a human touch, making it difficult for ordinary people to connect. In other fields, people naturally relate to familiar contexts. For instance, discussing food can evoke appetite, fitness can conjure images of progress, and travel can bring to mind scenic destinations. However, Web3 struggles to achieve this connection. Creators and project leaders often find themselves explaining complex systems and processes that remain invisible and intangible to most people. The importance of storytelling in Web3 cannot be overstated. While creators and project leaders are eager to explain how things work, they often overlook the need to describe the emotions these innovations evoke. Emotions such as confusion, laughter, relief, and vulnerability are absent from Web3 narratives. To engage audiences, it is crucial to focus on user experiences rather than just listing functionalities. For example, instead of stating that a feature enhances scalability by optimizing throughput, a more relatable approach would be to describe the user experience of refreshing a page and finding a transaction already completed. Storytelling is not about diminishing the importance of technology but about preparing the audience to receive complex information. By presenting complex concepts through relatable scenarios, audiences can better understand their relevance. In practice, storytelling has proven effective in Web3 content creation. Videos that focus on human moments rather than technical explanations tend to perform better in competitions. By highlighting relatable experiences, such as the initial confusion when using a product or the clarity achieved after understanding a feature, audiences are more engaged and comprehend the content more quickly. Ultimately, the success of Web3 storytelling lies in making complex concepts relatable and emotionally resonant, allowing audiences to connect with the technology on a personal level.

According to PANews, Hong Kong legislator Ng Kit Chuang has been successfully re-elected to the eighth Legislative Council. During the election process, he expressed his commitment to advancing Web3 development in Hong Kong and assisting the Hong Kong Special Administrative Region government in developing cutting-edge future industries, including embodied intelligence, quantum computing, and space technology. Ng also addressed recent questions regarding Hong Kong's Web3 development. He believes that the development of stablecoins in Hong Kong will not undergo significant changes and will continue to progress steadily. Regarding Real World Assets (RWA), Hong Kong has already promoted a regulatory sandbox. Ng encourages various industries to boldly integrate Web3 technology, which he believes will drive the development of numerous real-world applications. Furthermore, Ng stated that he will support the creation of a talent ecosystem in the industry, aiming to attract more developers and professionals to settle in Hong Kong.

According to ChainCatcher, the on-chain asset management AI agent, Agentic FoF, has been compromised due to a security vulnerability, resulting in a loss of approximately $531,000. All vault operations have been halted, and withdrawals from Agentic FoF are suspended pending the completion of an internal investigation. While the Basis vault remains secure, operations have been paused as a precautionary measure, though withdrawal functions are still available.

According to BlockBeats, the Web3 robotics company XMAQUINA has initiated a community vote on a proposal to allocate 800,000 USDC for the acquisition of common shares in 1X Technologies. The voting process is set to conclude on November 11. The proposal outlines plans to use funds from the DAO treasury to purchase shares directly through its Norwegian holding company, 1X Holding AS.1X Technologies is advancing humanoid robotics technology with the help of the NEO Gamma robot. The product has now entered the presale phase.

According to Foresight News, PeckShield reported that the Web3 industry experienced 15 major attacks in October 2025, resulting in total losses of $18.18 million. This marks an 85.7% decrease compared to the previous month. The three largest incidents in terms of financial loss were Garden Finance, which suffered a loss of $11 million, Typus Finance with $3.4 million, and MIN Spell with $1.8 million.

According to Foresight News, the decentralized social protocol Farcaster has announced via a tweet that its application is currently experiencing an outage. The team is actively working to resolve the issue. The Base application and other clients remain unaffected by this disruption.

According to Foresight News, Bloomberg reports that prediction market platform Polymarket is in early discussions with investors to raise funds at a valuation between $12 billion and $15 billion. This valuation marks a significant increase, more than tenfold, from four months ago.In June, the startup secured $200 million in funding led by Peter Thiel's Founders Fund, which valued the company at $1 billion. Earlier this month, Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket, valuing it at approximately $8 billion.

According to Foresight News, prediction market platform Polymarket has announced the addition of support for BNB deposits and withdrawals. This development allows users to utilize BNB for transactions on the platform, expanding the range of supported cryptocurrencies.

According to BlockBeats, Kite and Brevis have announced a strategic partnership to establish the world's first verifiable and trustworthy AI computing and payment network. Kite, a Layer-1 blockchain designed for AI agent payments, offers core functions such as identity management and stablecoin micropayments through its 'Proof of AI' mechanism, aiming to build an identity verification and financial settlement system in the AI sector. Brevis, on the other hand, utilizes zero-knowledge proof technology to enable verifiable off-chain computation, supporting modular scaling across multiple blockchain ecosystems, including BNB Chain.The collaboration will proceed through four stages of deep integration, introducing zk-based SLA proofs and agent zk passports, ultimately creating a micropayment network capable of handling billions of transactions at a cost of less than one cent each.Previously, in September 2025, Kite announced the completion of a $33 million funding round led by PayPal Ventures and General Catalyst. This partnership with Brevis aims to form a closed loop of 'verifiable computation - cryptographic authorization - micropayment settlement,' potentially addressing the 'black box' AI trust issue. It is expected to advance the AI economy from automation to transparent accountability, laying a solid foundation for trillion-dollar autonomous agent collaboration.

According to BlockBeats, Orange Cap Games CEO Spencer announced that the company is engaged in one of the largest transactions in Moonbirds' history. On May 31, the blockchain gaming studio revealed its acquisition of Moonbirds, Mythics, and Oddities from Yuga Labs. This move is part of Orange Cap Games' strategy to integrate these series into its expanding Web3 gaming ecosystem.

According to Foresight News, the National Hockey League (NHL) has entered into a licensing agreement with prediction market startups Kalshi and Polymarket. This move aims to support their challenge against established sports betting operators like DraftKings and FanDuel. The upcoming multi-year agreement marks the NHL as the first major U.S. professional sports league to permit prediction markets to use its trademark.

According to PANews, Siemens, a leading industrial company, and digital asset market maker B2C2 have begun utilizing JPMorgan's blockchain-based foreign exchange payment platform. This service facilitates 24/7 cross-border forex transactions in U.S. dollars, British pounds, and euros, enabling nearly instantaneous settlement. Compared to traditional forex transfers, which are limited to weekdays and can take several days to complete, this platform significantly enhances transaction efficiency.

According to Foresight News, Bitcoin mining company CleanSpark has announced the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers. Thomas brings over forty years of global experience in emerging technologies and data center infrastructure development. He will lead CleanSpark's strategy to expand beyond Bitcoin mining and develop advanced AI data center infrastructure.Before joining CleanSpark, Thomas served as President of AI Data Centers at Humain, where he managed multi-billion dollar AI data center projects in Saudi Arabia. He was instrumental in building world-class teams, establishing strategic partnerships with hyperscale cloud service providers and global technology companies, and advancing sovereign computing initiatives.

Key TakeawaysBITFARMS led gains, rising 11.6% in pre-market trading.Riot Blockchain and Mara Holdings climbed 3.7% and 4.9%, respectively.Strategy (MSTR) added 3.3%, tracking Bitcoin’s rebound above $111,000.According to Jinshi Data, cryptocurrency-related stocks in the U.S. pre-market rose sharply on Monday, following Bitcoin’s latest rally.BITFARMS (BITF): +11.6%Riot Blockchain (RIOT): +3.7%Mara Holdings (MARA): +4.9%Strategy (MSTR): +3.3%The gains come as digital asset sentiment improves and investors position ahead of potential U.S. regulatory clarity and ETF-related inflows. 

Amazon Web Services (AWS) announced on October 20 that global services and functions dependent on the US East (N. Virginia) Region 1 have been fully restored.The disruption had temporarily impacted several cloud-based applications and services, but AWS confirmed that operations have now stabilized and all systems are back online.