Business

November, 2025

• 5 November

  Mamdani’s Mayoral Upset in NYC — Crypto Markets Got It Right First

  

  While TV pundits still mock the idea, crypto bookies on Polymarket just crowned **Zohran Mamdani** the next mayor of New York – paying out **17×** to early bulls who bet when his contract traded at a measly **4¢**. The 34-year-old Queens assemblyman’s “Mamdani Wins 2025 Primary” market exploded Tuesday after three mega-whales dumped **$2.8 million** on Yes shares, rocketing implied …
• 5 November

  Bitcoin Is America’s Answer to Debt,” Says Senator Cynthia Lummis

  

  Senator Cynthia Lummis (R-WY) threw down the gauntlet Monday: stockpile **one million Bitcoin** in five years or kiss the dollar goodbye. “Bitcoin is America’s answer to $36 trillion in debt,” the cowboy-booted lawmaker declared at the sold-out Digital Assets Policy Forum, drawing roars from 800 crypto execs packed into the Willard Hotel ballroom. Her Bitcoin Reserve Act 2.0—dropped on Senate …
• 5 November

  Canada Moves to Regulate Stablecoins in 2025 Budget, Echoing US Framework

  

  Finance Minister François-Philippe Champagne just handed the $309B stablecoin market a rulebook: hold **100 % cash or cash-equivalent reserves**, redeem **1-for-1 in 24 hours**, and open your books monthly—or lose your license. Tabled Tuesday, Budget 2025 amends the Retail Payment Activities Act to drag every fiat-backed issuer (USDC, USDT, QCAD) under federal supervision for the first time. The Bank of …
• 5 November

  Bybit Pay’s Sri Lanka Launch Poised to Ignite South Asia’s Crypto Payment Revolution

  

  Bybit Pay fired the starting gun on South Asia’s crypto-payment race Wednesday, flipping the switch on **100 live merchants** across Sri Lanka in a single morning. Fifty Android POS terminals now blink in Colombo cafés, Kandy boutiques, and Galle surf shops, while 50 e-commerce sites quietly added USDT checkout buttons overnight. Scan, pay, done—settlements hit wallets in **3 seconds flat**, …
• 5 November

  Trump White House Confirms ‘Thorough Review’ of CZ Pardon Request

  

  The Trump administration doubled down Tuesday on its Oct 23 pardon of Binance billionaire Changpeng Zhao, insisting the clemency underwent a “thorough review” by DOJ lawyers and White House Counsel—hours after the president told 60 Minutes he has “no idea” who CZ is. “Every pardon moves through qualified attorneys with utmost seriousness,” Press Secretary Karoline Leavitt told reporters. “This was …
• 5 November

  Asia Market Opens in Red: Bitcoin Hits 5-Month Low as Crypto Sell-Off Deepens

  

  Asia’s markets opened in free-fall Wednesday, with Bitcoin smashing through the **$100,000 barrier** for the first time since June as a brutal risk-off wave erased **$1.4 billion** in leveraged bets overnight. The Nikkei 225 cratered **2.5%** to 50,212, SoftBank plunged 10%, and the Hang Seng clung flat at 25,935—mirroring Wall Street’s AI-led rout. Bitcoin hit an intra-Asia low of **$99,966** …
• 5 November

  Gemini Set to Launch Prediction Market Contracts, Says Bloomberg

  

  Gemini is quietly courting Wall Street quants and retail degens alike, drafting plans for **U.S.-regulated prediction contracts** that could let users wager on everything from Fed rate cuts to NFL playoffs, insiders tell CoinDesk. Three sources inside the Winklevoss-founded exchange say Gemini has hired two former Kalshi engineers and is stress-testing smart-contract logic on its private testnet. A launch teaser—code-named …
• 5 November

  Elon Musk Revives Dogecoin Hype — But a Whale Bets Big on Its Spin-Off

  

  Elon Musk lit a match under the meme-coin world Monday with three words: “It’s time 😀.” The Tesla billionaire was replying to a viral graphic declaring “No Highs, No Lows, Only DOGE,” instantly rocketing the post past 1.1 million views. Traders braced for the classic Musk pump—yet Dogecoin (DOGE) slid another 3% to $0.163, capping a brutal 45% retreat from …
• 5 November

  Coinbase Exec Blasts Banks for Sabotaging Crypto Charter Push

  

  A top Coinbase official fired a warning shot at America’s biggest banks Tuesday, claiming they are quietly lobbying federal regulators to **kill a proposed national crypto charter** that would let digital-asset firms operate like banks nationwide. “Every time we get close to a federal framework, the megabanks mobilize,” the executive told the D.C. Fintech Policy Summit. “They’re not protecting consumers—they’re …
• 5 November

  Phoenix Plants Lifesaver Pvt Ltd: Driving Agricultural Transformation and Farmer Prosperity in India

  

  Noida: Phoenix Plants Lifesaver Pvt Ltd that has been a giant in the Indian fertilizer sector infrastructural landscape stated that it experienced great milestones in its functioning, network, and its dedication to sustainable manufacture of agriculture. The company was founded in 2021 with an intention of transforming the farm sector by addressing the issue of grassroots that farmers had. Farmer …