Business

October, 2025

• 28 October

  Crypto’s Lost Key Nightmare Ends? Bron Labs’ Guardian Recovery Wallet Debuts from Copper Co-Founder

  

  In the high-stakes world of self-custody, where misplaced seed phrases lock away fortunes—estimated at $140 billion in inaccessible Bitcoin alone—Bron Labs emerges as a beacon of hope. Launched on October 27, 2025, by Dmitry Tokarev, co-founder and ex-CEO of institutional crypto custodian Copper Technologies, the London-based startup has raised $15 million from angel investors and institutions to bridge the chasm …
• 28 October

  Kalshi Takes New York to Court to Defend Sports Prediction Markets

  

  In a high-stakes showdown over fintech innovation versus gambling oversight, KalshiEX LLC—the CFTC-regulated prediction market platform—sued the New York State Gaming Commission (NYSGC) on October 27, 2025, in Manhattan’s U.S. District Court. The lawsuit seeks a temporary restraining order and preliminary injunction to halt enforcement of a cease-and-desist letter issued October 24, which branded Kalshi’s sports event contracts as unlicensed …
• 28 October

  US Lawmaker Calls for Crypto Ban on Politicians After Trump Pardons Binance’s CZ

  

  President Donald Trump’s October 23, 2025, pardon of Binance founder Changpeng “CZ” Zhao—mere months after the crypto billionaire’s four-month sentence for anti-money laundering violations—has unleashed a torrent of backlash, culminating in Democratic Rep. Ro Khanna’s bold legislative salvo. The California congressman, vice chair of the Congressional Progressive Caucus, announced plans to introduce a bill banning elected officials, the president, and …
• 28 October

  Blockchain Pioneer tZERO Targets 2026 IPO Amid Crypto Listing Boom

  

  tZERO Group Inc., the trailblazing blockchain firm revolutionizing tokenized securities, has set its sights on a transformative initial public offering (IPO) in 2026, riding a wave of regulatory tailwinds and resurgent investor confidence in digital assets. Founded in 2014 as a subsidiary of Overstock.com’s Medici Ventures—before evolving into an independent powerhouse backed by heavyweights like Intercontinental Exchange (ICE), the NYSE’s …
• 28 October

  Diddy’s Prison Countdown Ends: Ex-SBF Jailmate’s Release Date Finally Revealed

  

  Sean “Diddy” Combs, the hip-hop titan whose empire once defined urban culture, faces over two more years behind bars following his October 3, 2025, sentencing to 50 months for two counts of transportation to engage in prostitution. Acquitted on graver racketeering and sex trafficking charges that could have meant life, the 56-year-old mogul’s projected release date—May 8, 2028—accounts for 13 …
• 28 October

  S&P Slaps Junk Rating on Strategy Inc.: Michael Saylor’s Bitcoin Bet Faces Credit Crunch Amid Market Swings

  

  In a stark indictment of corporate crypto gambles, S&P Global Ratings has slapped a B- “junk” credit rating on Strategy Inc.—the Bitcoin treasury powerhouse formerly known as MicroStrategy—highlighting its perilous reliance on the volatile cryptocurrency. Unveiled on October 27, 2025, the rating, six notches below investment grade with a stable outlook, underscores the firm’s ballooning risks as Bitcoin’s price gyrates …
• 28 October

  Citi Taps Coinbase to Power the Future of Institutional Payments Through Crypto Integration

  

  In a pivotal fusion of Wall Street legacy and blockchain prowess, Citigroup Inc. (Citi) has inked a strategic collaboration with Coinbase Global Inc., unveiled on October 27, 2025, to supercharge digital asset payment solutions for institutional clients. This partnership, detailed in a joint press release, targets seamless fiat-to-crypto conversions and explores stablecoin integrations, potentially slashing cross-border frictions and accelerating the …
• 27 October

  Indian Court Blocks WazirX from Using Customer XRP to Cover Hack Losses

  

  India’s Madras High Court delivered a landmark verdict on October 25, 2025, blocking WazirX—once the nation’s top crypto exchange—from reallocating customer XRP to offset its $234.9 million July 2024 hack losses. Justice N. Anand Venkatesh ruled cryptocurrencies qualify as “property” under Indian law, held in trust by exchanges, granting an injunction to petitioner Rhutikumari’s 3,532.30 XRP holdings—purchased pre-hack for ₹1.98 …
• 27 October

  Historic Move: Japan’s First Yen-Pegged Stablecoin Goes Live on October 27

  

  Japan marked a pivotal moment in global finance on October 27, 2025, by debuting JPYC, the world’s first regulated yen-pegged stablecoin. Issued by Tokyo-based JPYC Inc., this blockchain token—fully backed 1:1 by yen bank deposits and Japanese government bonds (JGBs)—bridges traditional banking and Web3 under strict Financial Services Agency (FSA) oversight. The JPYC EX platform enables seamless minting and redemption …
• 27 October

  Ant Group Files Hong Kong Trademarks Linked to Crypto and Stablecoins

  

  Chinese fintech powerhouse Ant Group, the Alibaba-backed force behind Alipay’s 1.3 billion users, has quietly filed trademarks in Hong Kong for “AntCoin” and related blockchain services, hinting at a regulated re-entry into digital assets. The June 2025 applications, surfaced via IPD records, cover stablecoin issuance, virtual asset custody, crypto wallets, and tokenized payments—positioning Ant as a bridge between Asia’s payment …