Tech News

Web3 Developments: BingX Reports Strong Growth, 01 Quantum Launches Quantum-Resistant Token, StraitsX Expands in Asia

October 23, 2025 – Today’s news cycle focused on several key developments within the blockchain and Web3 ecosystem, primarily driven by platform advancements, strategic partnerships, and evolving regulatory landscapes. While broader market sentiment remained cautiously optimistic, specific companies delivered notable updates, highlighting the ongoing maturation of the technology.

BingX Reports Robust Q3 Performance and Platform Enhancements

The day’s most prominent news stemmed from BingX, a prominent crypto exchange and Web3 AI company. In its Q3 2025 recap, BingX reported significant growth across its operations, demonstrating continued traction within the Web3 space. The exchange reported exceeding 3 million early users actively utilizing its AI platform. Furthermore, the cumulative copy trading volume reached a substantial $80 billion, a testament to the platform’s popularity and effectiveness.

Beyond user growth, BingX solidified its commitment to security and operational standards. The company announced the attainment of PCI DSS 4.0.1 and ISO 27001 certifications, demonstrating adherence to rigorous international standards for data security and information management. These certifications are crucial for maintaining user trust and facilitating continued growth within the increasingly regulated crypto industry. [1]

BingX also unveiled significant upgrades to its VIP program, designed to reward and incentivize active traders. The enhanced program now includes the provision of zero-fee guaranteed price orders, a feature aimed at reducing trading costs and increasing profitability for high-volume users. Adding to this, BingX launched BingX Academy 2.0, a global initiative dedicated to supporting crypto education and fostering a more informed user base. The academy will offer courses and resources covering a wide range of topics, from blockchain fundamentals to advanced trading strategies. [8]

Finally, BingX announced a limited-time promotional campaign offering zero-fee trading for Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) pairs. This campaign, running from October 22nd to November 21st, 2025, will provide daily rewards to traders utilizing the zero-fee trading option, further driving engagement with the platform.

01 Quantum and qLABS Introduce qLABS Token for Quantum-Resistant Web3 Governance

Adding a layer of technological innovation, 01 Quantum, in collaboration with qLABS, announced the launch of the qLABS Token. This token is being positioned as the first quantum-resistant governance and ecosystem token, specifically designed to secure Web3 infrastructure. The token’s core function is to provide a robust defense against potential threats posed by the advancement of quantum computing.

The qLABS Token is built utilizing NIST-approved post-quantum cryptography. This cryptographic approach is designed to remain secure even if quantum computers become powerful enough to break traditional encryption algorithms. The token’s implementation represents a proactive step in addressing a significant long-term risk within the Web3 landscape. By incorporating quantum resilience into its governance model, the qLABS Token aims to ensure the continued integrity and security of Web3 applications and infrastructure. [3] The launch signifies a growing awareness and strategic response to the potential disruption that quantum computing could bring to the digital world.

StraitsX Accelerates Expansion in Asia to Advance Web3 Payments

Complementing the technological developments, StraitsX announced a significant acceleration of its expansion across the Asian market. The company’s objective is to promote the adoption of regulated Web3 payments solutions within the region. While specific details regarding the expansion’s scope and target markets were not immediately available, the announcement underscores the growing momentum behind the integration of blockchain technology into traditional financial systems, particularly in Asia. The focus on regulatory compliance is a key element of StraitsX’s strategy, reflecting the increasing scrutiny and standardization within the Web3 payments sector.

Concluding Summary – October 23, 2025

Today’s news cycle was characterized by tangible advancements across several key areas of the Web3 ecosystem. BingX’s strong Q3 performance, coupled with its platform upgrades and security certifications, demonstrated continued user adoption and operational maturity. The launch of the qLABS Token by 01 Quantum and qLABS highlighted the growing focus on quantum-resistant security, while StraitsX’s expansion in Asia underscored the increasing drive to integrate regulated Web3 payments solutions into the global financial landscape. Despite broader market uncertainties, these specific developments suggest a continued, albeit cautious, progression of the Web3 industry. The day’s events primarily focused on operational improvements, technological innovation, and strategic market expansion – representing key steps in the ongoing evolution of the Web3 ecosystem.

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