​The Hong Kong Web3 Festival 2025 was held from April 6 to April 9, 2025, at the Hong Kong Convention and Exhibition Center (HKCEC), Hall 5BCDE. This marked the event's third edition, co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME. The festival is recognized as one of Asia's premier crypto gatherings, bringing together industry leaders to explore the future of Web3 and showcase the latest developments in the space. ​

The Kaspa Ecosystem Foundation (KEF) served as a side-event sponsor for the festival, and as part of their participation, Kaspa hosted dedicated side events and had a booth presence, engaging with attendees and showcasing their initiatives. The event featured a variety of talks covering topics such as MEV extraction, RWA (real-world assets), based rollups, and more. Notable speakers included Monica Forman, Director of Communication at the KEF; Sinka Gao from Delphinus Lab; and speakers from Kasplex and Igra Labs and other organizations. Check out the KEF X.com account to read live tweets from the event.

Michael Sutton Talk

Kaspa core developer Michael Sutton also took the stage at the event, giving a brief update on the upcoming Crescendo hard fork before diving into the future architecture of the L1 <> L2 bridge. He described the ultimate goal as an atomic, composable zk-rollup system and outlined key components, including L1 sequencing, data availability, and zk-based settlement. Sutton also noted that the Crescendo upgrade already includes elements that enable virtual machines. According to reports, his session drew the largest crowd at that time.

Welcoming Hans Moog

One panel sponsored by KEF was Exploring Optimal ZK Technologies for UTXO-Based Layer 1 Protocols: Domain-specific Languages for Verifier Synthesis and Universal Hash Functions Across Architectures and Fields. This panel featured a new face on the Kaspa team: Hans Moog.

Moog earned his computer science degree from Ludwig-Maximilians University in Munich, specializing in cloud computing, IT security, and artificial intelligence. At 21, he founded his first company and has since contributed to several high-profile projects, managing global development teams. In 2018, he became a senior developer and researcher at the IOTA Foundation. We hope he joins the Silver Squad, especially to work work on ZK rollups for Kaspa. Welcome (potentially) to the Kaspa Fam, Hans!

This is after Dr. Sompolinsky reached out to Moog via X.com in January 2025, expressing interest in the project.

Kaspa Kii Gigawatt Stablecoin Pushes Forward

On April 6, 2025, Kii announced progress on its ambitious Gigawatt Stable Coin (GWC) initiative. Central to this effort is the development of the Gigawatt Stable Coin Regulatory Oracle System (GROS), a decentralized compliance framework designed to help the GWC remain regulatory-compliant across multiple jurisdictions. By leveraging oracle technology, GROS connects off-chain regulatory data to the blockchain, enabling real-time updates and adaptability.

The initiative has even caught the attention of Kaspa core developer Shai Wyborski, who commented that it "sounds cool," hinting at growing excitement within the ecosystem.

To read more about Kaspa Kii, please see KASmedia's full article, "A Clean Kaspian Future: Desert Energy, Clean Energy Trading and Kaspa Kii."​

Dr. Shai Wyborski on House of Chimera Spaces

While on the House of Chimera X.com spaces, Dr. Wyborski discusses Kaspa. When asked What is Kaspa, he responded with:

"If you asked me this in January 2022, I'd say that Kaspa is the fastest proof-of-work, and I think this is a very partial answer. Kaspa is the future, man. It's an amazing protocol with so many features that are very useful for solving many problems the entire cryptocurrency industry faces.  

If you want me to get technical about it, Kaspa is the only multi-leader decentralized consensus.  

This is the magic property—that it is a multi-leader consensus. For every round, several blocks have to agree on each other, giving the protocol designer a lot of power.  It allows great parallelism, which provides high throughput and quick confirmations. It also offers unique solutions to MEV, fee markets, and oracle issues. And it's just healthier, the type of consensus that is harder to implement. But once you have it, it furnishes a whole new array to old problems—Holy Grail problems that some people consider unsolvable." 

For those eager to explore his ideas further, we're excited to share that Dr. Wyborski has recently launched his own YouTube channel and website, wybor.ski. Be sure to check them out and subscribe for more cutting-edge discussions. 

Kaspador Leaks Kasplex Updates

The Kasplex developer shared some updates from a recent internal meeting, humorously noting his hope of not getting fired. Below are the five leaked details from the update:

1. First, the public testnet is right around the corner;

2. The mainnet won't take months to launch;

3. All documentation, Github repositories, and APIs are ready as well;

4. A new website for Kasplex will likely occur next week;

5. And lastly, the blockchain explorer link will be shared before the testnet launch. "

We're incredibly excited for what's to come and can't wait to see how these updates unfold as Kasplex progresses.

Kaspa Battle Cards Available in 20 Languages

To broaden its reach and engage a more diverse global audience, Kaspa has expanded the availability of its popular Battle Cards to twenty languages. This move reflects the platform's commitment to inclusivity and accessibility, ensuring cryptocurrency enthusiasts and potential users from different regions can access the same valuable information. The Battle Cards are available as part of the Kaspa Ambassador Resources. 

Is the White House Running A Kaspa Node? 

On April 9, 2025, Mark A. shared a photo of a Kaspa Node near the United States White House. He noted that "IP geolocation isn't always precise—VPNs, relays, or misrouting can play tricks. No official ties confirmed… yet." 

One can look for this Kaspa node and other nodes via https://nodes.kaspa.ws.

Kaspa On My Mine

Greater Good Mining recently reported a notable drop in Kaspa's network hash rate over several days, resulting in reduced network difficulty and higher daily yields for miners. While some setups remain unprofitable, the Bitmain KS5L is nearing the break-even point, and the newer KS7 miner is currently performing well. The host advises caution when investing in new mining equipment, as hash rates can shift quickly, and also highlights the upcoming Crescendo hard fork, which may bring further changes to the network.

To learn more about Kaspa mining, check out our Kaspa Miner Series, featuring interviews with hardware companies like Goldshell and ICERIVER and mining rig operators like Christian Ludwig. 

BTCC Exchange lists Kaspa 

On April 10, 2025, the KAS/USDT trading pair launched on BTCC exchange. Users can trade via fiat, crypto deposits, or conversions, with options like daily, quarterly, and perpetual futures—offering up to 500x leverage. BTCC supports copy trading, covers up to 50 USDT in new user losses, and runs regular promotions. As of April 13, it reported 9.7B USD in daily volume and 7.4B USD in open interest. With 6.8M users and over 14 years of safe operation, BTCC offers global access, 24/7 support, an NFT marketplace, and educational resources through BTCC Academy.

AscendEX lists Kaspa

As of April 10, 2025, the KAS/USDT pair is now live on AscendEX, allowing users to trade and deposit funds easily. Ascend serves over 1M users and 150B+ USD in cumulative trading volume. Founded by Wall Street veterans, AscendEX offers 24/7 support and a full range of services, including cash, margin, and futures trading. Users can access features like crypto purchases via Mastercard, OTC services, leveraged tokens, and copy trading—plus enjoy frequent promos, trading competitions, and prize giveaways.

Grayscale Removes KAS From Their Research List

Last October, Kaspa (KAS) earned a spot on Grayscale’s list of assets under consideration, sparking excitement in the community. However, as of April 10, 2025, Kaspa has been removed from this list. Grayscale clarifies that 

“Assets could be included in the Grayscale Product family without first being listed on this table, for instance, if a decision to include an asset in a Grayscale Product occurs intra-quarter.”

While Grayscale has yet to explain Kaspa's removal, those seeking more information can reach out directly through their contact page at grayscale.com/contact. The community remains puzzled and eager for clarity, with many expressing confusion and disappointment over Kaspa's sudden removal from the list, highlighting the lack of transparency in the decision-making process. Some of those responses are included below: 

A New Rock the Kaspa

Our friends Chris and Tom at Rock the Kaspa have just released a new video on YouTube, and as always, it's a must-watch. This marks their first video in over a month, and after celebrating their first anniversary, Rock the Kaspa has truly made its mark in the community. In this latest video, they dive into important Dev and Tech updates, including details on the Crescendo fork and Shai Wyborski's new website. They also cover Kaspa integrations and base rollups. True to form, Rock the Kaspa never disappoints, so grab a cup of tea and enjoy the entire video.

Your Crypto Crew Videos

Over the past week, Your Crypto Crew has released several Kaspa-focused videos, including content on Smart Contracts through Kasplex, Kaspa Stablecoins, and more. He also shared two videos discussing how Kaspa addresses Ethereum's 100M USD layer two challenges. Additionally, a video covering Dr. Sompolinsky's insights on ZK rollups and oracles and a classic debate on why Kaspa outperforms Bitcoin was released. Be sure to check them out.