Get ready for Crypto Fest 2025, Africa's premier blockchain and digital assets event, set against the stunning Victoria & Alfred Waterfront.Get ready for Crypto Fest 2025, Africa's premier blockchain and digital assets event, set against the stunning Victoria & Alfred Waterfront.

Join Ripple, IBM, Standard Bank, Absa Bank, FirstRand and Others at the Crypto Fest 2025 in Cape Town

2025/11/03 22:59
Join Ripple, Ibm, Standard Bank, Absa Bank, Firstrand And Others At The 7th Crypto Fest 2025 - 14 Nov 2025 | Cape Town, South Africa

Cape Town, South Africa – Get ready for Crypto Fest 2025, Africa’s premier blockchain and digital assets event, set against the stunning backdrop of Cape Town’s iconic Victoria & Alfred Waterfront. Now in its 7th edition, this highly anticipated gathering will convene a vibrant global audience to explore the cutting-edge synergy of technology, culture, and innovation.

This year’s theme focuses on the institutional adoption of digital assets, stablecoins, blockchain technology, and the rapidly evolving regulatory landscape in South Africa and across the continent.

Key Highlights Include:

  • Reshaping Wealth Management: Exploring how intergenerational wealth transfer, shifts in private and public markets, and rising demand for alternatives are transforming value creation.
  • Stablecoins and Digital Assets in Finance: Insights into seamless integration within regulated banking and payments to drive efficiency across the financial value chain.
  • Banks’ Digital Asset Strategies: Featuring thought leaders from South Africa’s largest banks — Absa, FirstRand, Nedbank, Standard Bank — and Ripple.
  • Institutional Crypto Adoption: Addressing challenges and opportunities for hedge funds, asset managers, and pension funds navigating South Africa’s crypto landscape.
  • Regulatory Clarity: A deep dive into FSCA’s CARGF framework, Declaration 3 updates, CASP licensing milestones, and the cross-border effects of OECD’s CARF and enhanced reporting regimes.
  • Strategic Reserves with Bitcoin and Ethereum: Examining how nation-states and corporate treasuries are adopting BTC and ETH as inflation-resistant, sovereign-grade assets amid fiat volatility.
  • Crypto Taxation in South Africa: Demystifying SARS guidelines, compliance tactics, and tax-efficient structures for individuals and institutions.

By mid-2025, institutional digital asset assets under management (AUM) surpassed $235 billion, up from $90 billion in 2022, fueled by clearer regulations, technological advances, and their role as inflation hedges, especially in emerging economies. Institutions now control 65% of global crypto investments, mainly in the U.S. and Europe, while booming grassroots adoption in the Asia-Pacific region — led by India, Pakistan, and Vietnam — generated $2.36 trillion in on-chain activity last year, a 69% increase year-over-year.

Globally, crypto users reached 560 million, representing 6.8% of the world’s population, driven by Bitcoin ETFs attracting $15 billion inflows in H1 2025 and real-world asset tokenization unlocking trillions in previously illiquid assets. Traditional financial giants like JPMorgan are now facilitating Bitcoin purchases and crypto-backed loans.

In Latin America and Sub-Saharan Africa, adoption surged 63% and 52% respectively, providing effective hedges against currency devaluation in countries such as Argentina and Nigeria.

A landmark partnership announced in October 2025 between Ripple and Absa Bank—the largest bank in Africa by assets ($119.5 billion)—marks the launch of institutional-grade crypto custody infrastructure. This collaboration enables secure storage of cryptocurrencies and tokenized assets, reflecting banks’ strategic pivot to blockchain amid soaring regional demand.

Bridging traditional finance and on-chain ecosystems, stablecoins reached a $251 billion market cap by June 2025, accounting for 7.59% of total crypto market capitalization. USD-pegged stablecoins dominate at 99%, led by Tether (USDT, $156 billion) and USD Coin (USDC, $60 billion), as issuers accumulate U.S. Treasuries to reinforce dollar stability.

Eighty-four percent of investors use stablecoins for yield (73%), foreign exchange settlement (69%), and operational efficiency (71%). Fintech leaders such as Visa and Mastercard are embedding stablecoins into payments and DeFi, while in Africa, they facilitate 45% of peer-to-peer trades, particularly in Nigeria.

Regulatory momentum is accelerating, with 93% of Financial Stability Board (FSB) members updating crypto frameworks in 2025 and 88% prioritizing stablecoins. The EU’s MiCAR regime issued 53 licenses under unified regulations; the U.S. GENIUS Act mandated full reserves backing; jurisdictions like Hong Kong and the UAE introduced licensing regimes; and 99 countries implemented FATF’s Travel Rule, though compliance costs have increased for mid-sized firms.

These developments are spurring innovation in tokenization and AI-driven compliance, while managing risks in the rapidly evolving ecosystem. Industry titans, from PayPal and Stripe to BlackRock—which manages over $100 billion in Bitcoin ETF AUM—are rolling out robust stablecoin strategies.

USD stablecoins now represent 99% of the $251 billion stablecoin market, about 1% of U.S. money supply, serving as a vital bridge for global transactions, decentralized finance (DeFi), and real-world asset tokenization.

At Crypto Fest 2025, Africa will be positioned at the forefront of the on-chain revolution, driving transformative insights amid a dynamic global landscape.

Join industry leaders, innovators, and visionaries as the continent accelerates its digital future in one of the world’s most breathtaking and culturally vibrant locations.

Tickets
A variety of tickets are now available from the event website here.

For more information about Bitcoin Events and other events, visit the website here.

Media Contact
For media inquiries, please contact:
Nazley Swartz
Email: nazley@bitcoinevents.co.za

About Bitcoin Events

Over the span of a decade, Bitcoin Events has proudly stood as Africa’s pioneering events company dedicated solely to the realms of crypto, blockchain, and Web3 technologies. Welcoming over 18,500 attendees from 165 countries, we’ve fostered connections with esteemed individuals and reputable companies leading the charge in the blockchain space.

With our far-reaching influence, Bitcoin Events remains committed to empowering Africa through our world-class events, driving forward the region’s blockchain ecosystem.

Follow Bitcoin Events:

Twitter: @BitcoinEventsCo
Facebook: BitcoinEventsZA
LinkedIn: Bitcoin Events

This article was originally published as Join Ripple, IBM, Standard Bank, Absa Bank, FirstRand and Others at the Crypto Fest 2025 in Cape Town on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

On November 3, the Balancer V2 protocol and its fork projects were attacked on multiple chains, resulting in a serious loss of more than $120 million. BlockSec issued an early warning at the first opportunity [1] and gave a preliminary analysis conclusion [2]. This was a highly complex attack. Our preliminary analysis showed that the root cause was that the attacker manipulated the invariant, thereby distorting the calculation of the price of BPT (Balancer Pool Token) -- that is, the LP token of Balancer Pool -- so that it could profit in a stable pool through a batchSwap operation. Background Information 1. Scaling and Rounding To standardize the decimal places of different tokens, the Balancer contract will: upscale: Upscales the balance and amount to a uniform internal precision before performing the calculation; downscale: Reduces the result to its original precision and performs directional rounding (e.g., inputs are usually rounded up to ensure the pool is not under-filled; output paths are often truncated downwards). Conclusion: Within the same transaction, the asymmetrical rounding direction used in different stages can lead to a systematic slight deviation when executed repeatedly in very small steps. 2. Prices of D and BPT The Balancer V2 protocol’s Composable Stable Pool[3] and the fork protocol were affected by this attack. Stable Pool is used for assets that are expected to maintain a close 1:1 exchange ratio (or be exchanged at a known exchange rate), allowing large exchanges without causing significant price shocks, thereby greatly improving the efficiency of capital utilization between similar or related assets. The pool uses the Stable Math (a Curve-based StableSwap model), where the invariant D represents the pool's "virtual total value". The approximate price of BPT (Pool's LP Token) is: The formula above shows that if D is made smaller on paper (even if no funds are actually withdrawn), the price of BPT will be cheaper. BTP represents the pool share and is used to calculate how many pool reserves can be obtained when withdrawing liquidity. Therefore, if an attacker can obtain more BPT, they can profit when withdrawing liquidity. Attack Analysis Taking an attack transaction on Arbitrum as an example, the batchSwap operation can be divided into three stages: Phase 1: The attacker redeems BPT for the underlying asset to precisely adjust the balance of one of the tokens (cbETH) to a critical point (amount = 9) for rounding. This step sets the stage for the precision loss in the next phase. Phase Two: The attacker uses a carefully crafted quantity (= 8) to swap between another underlying asset (wstETH) and cbETH. Due to rounding down when scaling the token quantity, the calculated Δx is slightly smaller (from 8.918 to 8), causing Δy to be underestimated and the invariant D (derived from Curve's StableSwap model) to be smaller. Since BPT price = D / totalSupply, the BPT price is artificially suppressed. Phase 3: The attackers reverse-swap the underlying assets back to BPT, restoring the balance within the pool while profiting from the depressed price of BPT—acquiring more BPT tokens. Finally, the attacker used another profitable transaction to withdraw liquidity, thereby using the extra BPT to acquire other underlying assets (cbETH and wstETH) in the Pool and thus profit. Attacking the transaction: https://app.blocksec.com/explorer/tx/arbitrum/0x7da32ebc615d0f29a24cacf9d18254bea3a2c730084c690ee40238b1d8b55773 Profitable trades: https://app.blocksec.com/explorer/tx/arbitrum/0x4e5be713d986bcf4afb2ba7362525622acf9c95310bd77cd5911e7ef12d871a9 Reference: [1]https://x.com/Phalcon_xyz/status/1985262010347696312 [2]https://x.com/Phalcon_xyz/status/1985302779263643915 [3]https://docs-v2.balancer.fi/concepts/pools/composable-stable.html
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