Business

October, 2025

• 29 October

  Western Union Taps Solana for Its New Dollar Stablecoin — Here’s What’s Coming

  

  In a seismic pivot for legacy finance, global remittance titan Western Union unveiled plans Tuesday to launch its U.S. Dollar Payment Token (USDPT) – a fully reserved, dollar-pegged stablecoin – on Solana’s high-speed blockchain, partnering with Anchorage Digital for issuance and custody. This “Digital Asset Network” bridges fiat and crypto, targeting faster, cheaper cross-border transfers amid a $300 billion stablecoin …
• 29 October

  Crypto Comes Clean in Norway: $4B Declared as Tax Reporting Soars

  

  Norway’s cryptocurrency investors are embracing transparency like never before, with over 73,000 taxpayers declaring digital assets worth more than $4 billion in their 2024 tax returns – a robust 30% jump from 2023, according to the Norwegian Tax Administration (Skatteetaten). This record compliance wave, announced Tuesday, signals a maturing crypto market amid Europe’s tightening fiscal net, blending innovation with accountability. …
• 29 October

  BitMine Bets Big on Ethereum: $113M Added to Corporate Treasury

  

  In a resounding vote of confidence for Ethereum’s DeFi dominance, BitMine Immersion Technologies scooped up 27,316 ETH worth $113 million this week, catapulting its treasury to 3.31 million ETH – valued at a staggering $13.3 billion. On-chain sleuths at Lookonchain flagged the acquisition via a BitGo-linked wallet, cementing BitMine’s throne as the world’s top corporate ETH holder and second-largest crypto …
• 29 October

  Bitcoin Jumps $2K Before FOMC — Is This the Start of a Major Rally?

  

  Bitcoin (BTC) clawed back toward $114,000 Wednesday, up roughly $1,800 from 24-hour lows near $112,200, as traders dialed up bets on a dovish Federal Open Market Committee (FOMC) tilt that could ignite the next bull leg. With the Fed’s rate decision just hours away at 2 PM ET – widely priced for a 25-basis-point cut to 3.75%-4% – optimism swirls …
• 29 October

  $166M Crypto Laundering Crackdown: China Jails Five in Major Enforcement Action

  

  In a stark escalation of its iron-fisted stance on digital assets, a Beijing court has jailed five individuals for sentences ranging from two to four years, convicting them of orchestrating a $166 million cryptocurrency scheme to evade foreign exchange controls. Unveiled at the 2025 Financial Street Forum on October 28, the case – one of China’s heftiest crypto prosecutions this …
• 29 October

  Bitwise Solana ETF Launch Smashes Expectations with $69.5M First-Day Inflows

  

  The Bitwise Solana Staking ETF (NYSE: BSOL) stormed onto the scene Tuesday, amassing a whopping $69.5 million in first-day net inflows – the highest for any crypto ETF launch in 2025 – underscoring surging institutional hunger for Solana (SOL) exposure amid its staking rewards and DeFi dominance. Including $222.9 million in seed capital, BSOL’s assets under management hit $292.4 million, …
• 29 October

  Asia Markets Open Weak: Bitcoin Slips Under $113K as Fed Rate Decision Looms

  

  Asian equities kicked off the day on a subdued note Wednesday, with investors adopting a wait-and-see posture as the U.S. Federal Reserve’s interest rate decision loomed large. Crypto markets, too, cooled after a spirited run, with Bitcoin sliding under $113,000 amid profit-taking and a firmer greenback. The Fed’s anticipated 25-basis-point cut – the second this year, lowering the federal funds …
• 28 October

  Bitcoin Eyes $124K Breakout as Institutional Demand and Market Optimism Surge

  

  Bitcoin (BTC) is charging toward a potential breakout above $124,000, buoyed by record institutional inflows, on-chain accumulation signals, and anticipated U.S. Federal Reserve rate cuts that could ignite risk assets through year-end. As of October 28, 2025, BTC trades at $115,717, up 1.94% in 24 hours after reclaiming the $110,000 support amid a broader market rebound. This momentum echoes the …
• 28 October

  Bron Labs Unveils Secure Crypto Wallet Recovery—No Seed Phrase Needed

  

  In a breakthrough for self-custody woes, Bron Labs—co-founded by Dmitry Tokarev, ex-CEO of institutional crypto custodian Copper Technologies—unveiled its guardian-based recovery platform on October 27, 2025, ditching vulnerable seed phrases for a social-trust hybrid. Backed by $15 million from 140+ investors including LocalGlobe, Fasanara Digital, and GSR, the London startup aims to reclaim billions in locked assets while preserving decentralization. …
• 28 October

  Why Tether Is So Profitable — and How Long the Stablecoin Giant Can Keep It Up

  

  Tether Holdings Ltd., issuer of the world’s dominant stablecoin USDT, shattered records in 2025 with a staggering **$13 billion** in profits—surpassing Coca-Cola and Netflix combined—cementing its status as crypto’s most lucrative enterprise. As of Q3 2025, USDT’s circulating supply hit **$120.2 billion**, commanding 68% market share amid a $180 billion stablecoin ecosystem, per DefiLlama. Treasury Yields: The Profit Engine Tether’s …