Из жизни альткоинов

Ahead of one of the most anticipated initial public offerings (IPOs) in the digital asset sector, US-based crypto exchange Kraken has reported record revenue for the third quarter (Q3) of the year.

New Kraken Exchange Milestones

In a statement released on Wednesday, Kraken revealed that its Q3 2025 revenues (net of trading costs) reached $648.0 million, marking a 50% increase quarter-over-quarter and setting a new all-time high for the company. 

Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) soared to $178.6 million, a 124% increase compared to the previous quarter, with margins rising by nine points to 27.6%.

Total platform transaction volume climbed to $561.9 billion, up 23% from the previous quarter of the year, while assets on the platform grew by 34% to $59.3 billion. Kraken’s community continues to expand, with 5.2 million funded accounts reported at the end of the quarter.

These results come as Kraken prepares for its initial public offering potentially for next year. The company disclosed last month that it is in advanced discussions with a strategic investor to secure new funding at a revised valuation of approximately $20 billion.

A number of crypto firms, including, Gemini Space Station (GEMI), and Figure Technology Solutions (FIGR), are pursuing US market debuts this year, buoyed by a more favorable regulatory environment under the pro-crypto Trump administration.

Such regulatory developments led to the Nasdaq debuts of stablecoin issuer Circle (CRCL) and Peter Thiel-backed crypto exchange Bullish (BLSH) this year. Initial excitement surrounding their launches led to a considerable surge in their respective stocks.

 Acquisition Strategy Pays Off

Kraken’s success is also supported by several acquisitions announced this year. Following the acquisition of NinjaTrader, Kraken has been expanding its derivatives offerings, with futures daily average revenue trades (DARTs) reaching 741,000 in Q3, a 42% increase from the previous quarter. 

Last week, Kraken also acquired Small Exchange, a CFTC-regulated Designated Contract Market (DCM), which enhances its direct market-access infrastructure in the US,

Looking ahead, Kraken emphasized that its Q3 2025 results not only reflect strong financial performance but also the company’s commitment to shaping systems that will define the future of finance. “We are building what legacy financial systems were not designed to achieve,” the statement noted. 

Our goal is to connect our infrastructure into a single digital network where capital moves seamlessly across asset classes, time zones, and use cases. This system will enable clients to invest and trade anything, anywhere—instantly and securely, without friction or fragmentation. This is more than an evolution; it’s the foundation of a new global operating system built for openness, speed, and scale.

Featured image from DALL-E, chart from TradingView.com 

Стейблкоины, привязанные к фиатным валютам, таким как доллар США, переросли роль инструмента спекулятивной торговли и стали глобальной макроэкономической силой, заявили эксперты венчурной фирмы Andreessen Horowitz.

FalconX has announced an acquisition of 21Shares, combining prime brokerage infrastructure with the world’s largest crypto ETP platform.

FalconX Pushes Into Crypto ETFs & ETPs With 21Shares Acquisition

As announced in a press release, FalconX has agreed to acquire 21Shares. FalconX is an institutional crypto prime brokerage that provides large clients with deep global liquidity, derivatives, financing, custody, and settlement across digital asset markets. It has facilitated over $2 trillion in trading volume and hosts a global client base of more than 2,000 institutions.

Meanwhile, 21Shares is the largest issuer of crypto exchange-traded funds and products (ETFs/ETPs). ETFs/ETPs refer to investment vehicles that allow investors to gain exposure to an underlying asset without directly having to own it. When a trader invests into one of these vehicles, the provider buys and custodies the asset on their behalf.

Some investors may be wary of navigating crypto exchanges and wallets, so products like ETFs and ETPs provide for a more regulated means of investment into digital assets, in a mode that’s more familiar.

21Shares has 55 of these products listed currently, across which it manages over $11 billion in assets. With the acquisition, its asset management product development and distribution capabilities will be combined with FalconX’s institutional-grade infrastructure.

The press release noted:

Together, the two firms will accelerate the creation of tailored investment products that meet growing institutional and retail demand for regulated digital asset exposure.

While FalconX is acquiring 21Shares, the latter will continue to operate independently, with Russell Barlow, its current CEO, remaining in charge. Barlow will work closely with FalconX leadership to advance a shared vision for the digital asset ecosystem. “No changes to the construction or investment objectives of the existing 21shares ETPs (Europe) or ETFs (US) are planned,” said the press release.

In some other news, the Bitcoin derivatives landscape has been changing recently, as on-chain analytics firm Glassnode has highlighted in an X post. Previously, the Futures market was dominant, but now the Options market is beginning to rival it in terms of Open Interest.

The Open Interest here is naturally a measure of the total amount of positions related to the crypto that are currently open on all derivatives exchanges. First, here is a chart that shows the trend in this metric for the Futures market:

As displayed in the above graph, the Bitcoin Futures Open Interest saw peaks above $20 billion in the 2021 bull market and recently reached a high of about $50 billion.

The Options Open Interest couldn’t even break $15 billion in the last cycle, but today its 7-day moving average (MA) value is floating around a new all-time high (ATH) of more than $55 billion.

As the analytics firm has explained,

Markets are shifting toward defined-risk and volatility strategies, meaning options flows, rather than futures liquidations, are becoming a more influential force in shaping price action. Bitcoin Price

At the time of writing, Bitcoin is floating around $107,800, down over 4% in the last 24 hours.

Quick Facts:

1️⃣ Venture capital firm a16z reveals stablecoin trends in a new report, strengthening long-term conviction in the broader crypto market.

2️⃣ The growing transaction volume and market cap signal that the market’s expansion is unstoppable, should crypto infrastructure keep up with rising adoption.

3️⃣ The report is good news for the emerging Best Wallet Token, its presale pushing closer to the $17M milestone.

Stablecoins are now a global macroeconomic force, announces a16z in its new State of Crypto report, shedding light on the sector’s rapid growth and what it means for the broader market.

The claim is backed by strong numbers:

Over 1% of all US dollars in circulation exist on public blockchains as tokenized stablecoins. Together, they hold more than $150B in US Treasuries, leaving countries like Saudi Arabia and Germany behind to secure the 17th ranking.

Although the crypto market is wobbly after $BTC hit a new ATH earlier this month, that hasn’t tainted its long-term picture.

The recent turbulence may have managed to knock $BTC off $110K, but stablecoin trends signal that the market’s maturing – and price corrections are part of the deal.

For context, the stablecoin market cap has crossed $300B for the first time ever, as the transaction volume jumps 106% in a year to touch $46T.

To grasp how staggering that figure is, we just need to compare it with the world’s largest payment networks.

Stablecoin volume is now nearly three times Visa’s volume ($16T) and set to overtake ACH Network ($87T), the same a16z report showed.

Several Catalysts Have Come Together

While stablecoins were limited to crypto nerds in their early days, they’re now seen as one of the most reliable ways to transfer money cross-border. Ease of use is definitely the primary factor behind their wide use.

For this, we have advancing blockchain infrastructure to thank, with some networks capable of processing more than 3400 transactions per second.

Murky crypto regulations held back stablecoin adoption for a long time, but crypto regulations like the GENIUS Act have changed that in the US. And the shift is visible across the world.

For example, the UK is preparing to introduce a stablecoin framework by the end of 2026.

Financial giants and fintech companies have also been actively exploring the digital asset market, encouraging others to follow.

For crypto investors, the newly published report is a reminder to expand their portfolios. But being mostly pegged to US dollars, the value of stablecoins reflects the growth of the US economy – not the crypto market.

So how can one gain exposure to this booming sector? The answer lies in promising crypto infrastructure projects, which reflect the market’s rapid growth.

That explains why strategic investors are stocking up on Best Wallet Token for early-bird prices this month, pushing its presale past $16.6M.

Why Best Wallet Token Is the Project to Watch Now

Unless blockchain infrastructure evolves alongside rising retail and institutional crypto adoption, sustaining growth will be difficult.

The market needs secure wallets, exchanges, and networks to bring more crypto users on board.

Noncustodial wallets, in particular, are growing more popular than ever. Since holders have complete control over their private keys, they allow true ownership – in line with the market’s original motto of financial freedom without intermediaries.

With hundreds of thousands of users and glowing reviews on both App Store and Play Store, Best Wallet has emerged as a top trending noncustodial crypto wallet this year.

What’s behind this growing frenzy?

• The platform is secured with Fireblocks MPC tech, offering advanced security without compromising user experience.
• Being multichain, the wallet is flexible and allows users to switch assets between top blockchains like Ethereum, Bitcoin, Polygon, and BNB Chain. 50 more network integrations are on the way.
• The Best ecosystem is not limited to its crypto storage solution. It also offers features such as cross-chain swaps and presale access that give it a strong edge against market leaders like MetaMask.

For example, the platform plans to launch an everyday crypto shopping card in its next phase, as part of its mission to drive retail crypto adoption.

As the native crypto of a trending crypto ecosystem in a fertile niche, Best Wallet Token ($BEST) positions itself as a top crypto to buy now.

More than a representation of the project, $BEST unlocks various perks and privileges in the ecosystem – like early access to new projects, reduced transaction fees, higher staking rewards, and community governance rights.

These utilities could work well to anchor the token’s value and resilience, helping it withstand turbulent markets and maintain steady growth.

See the full $BEST roadmap on the official site.

What to Know About $BEST and the Ongoing Presale

While the Best Wallet app is already up and live with a growing community of users, the $BEST token is currently on presale.

The investment opportunity is still fresh, since $BEST has yet to go live on exchanges. Now in the second roadmap phase, the token is available for purchase at just $0.025835 for the next few hours.

Our Best Wallet Token price prediction projects the price to reach $0.072 by the end of the year and as high as $0.62 in 2026, considerably above today’s early prices.

For detailed presale instructions, see this ‘How to Buy Best Wallet Token‘ guide.

Once the next presale stage begins, new adopters will have to pay a higher price to secure the token. Additional staking rewards apply, but the rate is dynamic and bound to go down over time (currently at 79% APY).

Visit the official Best Wallet Token presale.

As always, do your own research before investing in crypto. This is not financial advice.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/stablecoin-transactions-pump-best-wallet-token/ 

Инвестиционный директор компании Bitwise Мэтт Хоуган (Matt Hougan) заявил, что первая криптовалюта отстает по темпам роста от золота по единственной причине — из-за отсутствия сопоставимого спроса.

На рынке биткоина наблюдается исчерпание спроса со стороны инвесторов и ослабление ценовой динамики. Активу важно удержать уровень $108 600, чтобы не скатиться к $97 500, сообщили эксперты платформы Glassnode.

The volume of crypto transactions in the US has skyrocketed under President Donald Trump’s administration. A new report by TRM notes that between January 2025 and July 2025, crypto transactions in the US surged by about 50%, crossing $1 trillion in value.

Crypto Witnesses Resurgence Under Trump

According to a report by TRM, titled ‘Country Crypto Adoption Index 2025’, countries like India, the US, Pakistan, the Philippines, and Brazil ranked among the top five nations around the world in terms of digital assets adoption.

While India maintained its number one position on the list in terms of digital assets adoption – for the third time in a row – the US ranked second on the list, primarily buoyed by a favorable change in regulatory administration, being led by President Trump.

Compared to the same period in 2024, digital assets transactions in the US jumped by 50% between January 2025 and July 2025, valued at more than $1 trillion. This cements the US as the largest global digital assets market in absolute terms.

The report notes that the increase in crypto transactions in the US is due to a combination of different factors, including favorable regulations. The report also attributes the increase in crypto activity in the US to the rising institutional demand for BTC. It states:

Additionally, according to reporting by MarketWatch, regulated products like spot Bitcoin exchange-traded funds (ETFs) attracted nearly USD 15 billion in net inflows during the first half of 2025, signaling institutional demand.

It should be noted that Trump’s presidential campaign was the first for a major US political party to accept donations in cryptocurrencies. Since his victory in the November 2024 election, there has been a noticeable rise in digital assets activity in the US.

Latest analysis by TRM states that there was a 30% increase in traffic to crypto exchanges in the US in the six months following Trump’s victory. Since then, Trump has repeatedly promised to make the US the “crypto capital of the world.”

To that effect, the US Congress passed the GENIUS Act, the first comprehensive stablecoin law in the country. Although it is facing some challenges now. In addition, the White House issued its 180-Day Digital Assets Report, which provides a roadmap for agency action.

The Trump administration also appointed the US’ first-ever “crypto tsar”, to coordinate crypto-related policies across different agencies. Meanwhile, the US Securities and Exchange Commission (SEC) unveiled a Crypto Task Force to guide digital assets oversight.

A Clear Change In Tone

Recent commentary by US lawmakers and government officials shows a clear shift in stance toward digital assets, in stark contrast to the hostile stance under the Joe Biden administration. 

For example, US Federal Reserve Governor Christopher Waller recently stated that the decentralized finance (DeFi) industry is “not viewed with suspicion or scorn.” At press time, BTC trades at $108,088, down 4% in the past 24 hours.

Разработчики гибридного блокчейна Kadena, использующего смарт-контракты на основе доказательства работы (Proof-of-Work, PoW), объявили о прекращении всех операций и разработок в связи с неблагоприятными рыночными условиями.

В Татарстане силовики задержали группу из десяти человек, подозреваемых в организации схемы по переводу средств из онлайн-казино в криптовалюту и незаконной банковской деятельности, заявила представитель МВД России Ирина Волк.

In a recent letter, multiple Senate Democrats have raised concerns about a potential breach of federal ethics laws due to the US Special Envoy to the Middle East’s failure to divest from his crypto asset holdings.

US Senators Question Witkoff’s Crypto Holdings

On Wednesday, eight Senate Democrats, led by Senator Adam Schiff, questioned the US Special Envoy for peace missions, Steve Witkoff, about his digital asset ownership and his links to the Trump Family crypto ventures.

In a letter shared by Fortune, the US lawmakers raised concerns about a potential conflict of interest as Witkoff’s latest financial disclosure showed that he has yet to divest from some of his crypto holdings, including an ownership stake in World Liberty Financial (WLF) and the company’s WLFI token. Notably, the US Special Envoy is one of WLFI’s co-founders alongside his son, Zach Witkoff, and members of the Trump Family.

“As long as you maintain ownership of these assets, you stand to profit from any decisions you are involved with while serving in the Administration. Moreover, the public has ample reason to be concerned that your decision-making may also be influenced by your close personal and business ties to the Trump Organization,” the letter read.

The Senators noted that one of WLF’s co-founders, Zak Folkman, previously affirmed that by May 23, 2025, Witkoff had “no operational role, no financial interest in WLFI deals, and no influence on day-to-day decisions.” Folkman also added that Witkoff was “in the process of fully divesting from WLFI,” which had not happened at the time of the release of White House financial report in August.

To the lawmakers, this underscores the “troubling entanglement” between the US Special Envoy’s official duties and his private financial interest tied to the Trump family businesses, highlighting World Liberty Financial’s $2 billion deal with a United Arab Emirates (UAE) firm involving the company’s stablecoin USD1.

As reported by Bitcoinist, previous Wall Street Journal (WSJ) coverage raised similar concerns regarding the “extraordinary blurring of government negotiations and private business dealings,” claiming that it is “rewriting the diplomatic playbook for some foreign countries looking to gain traction with the new Trump administration.”

In May, the WSJ claimed that father-and-son duo Steve and Zach Witkoff have potentially helped blur the lines of private business and public duties of the current administration, highlighting World Liberty Financial’s deal to enable MGX’s $2 billion investment.

The report also noted a previous article that claimed the elder Witkoff was allegedly involved in the talks between the Trump family and Binance. Nonetheless, these talks have been denied by Binance’s co-founder and former CEO Changpeng “CZ” Zhao.

Ethical Compliance Inquiries Mount

“Your failure to divest your ownership in these assets raises serious questions about your compliance with federal ethics laws and, more importantly, ability to serve the American people over your own financial interests,” the lawmakers stated.

In the letter, the Senate Democrats asked Witkoff to respond to multiple requests by October 31, 2025. Among the questions, they inquired about the status of his financial interest in the Trump-linked crypto company.

Additionally, they asked the US special Envoy if he had received a written waiver that exempts him from penalties and allows him to participate in key discussions with the UAE while owning a stake in WLFI.

If a waiver has not been granted, they also requested an explanation of how Witkoff’s financial holdings do not violate federal ethics laws and regulations, which prohibit government officials from participating in ventures that could benefit them or their relatives.

It’s worth noting that Witkoff is one of multiple US officials who have been questioned about their own holdings or the US President’s crypto ventures. In July, Senate Democrats pressed the new head of the Office of the Comptroller of the Currency (OCC) about a potential conflict of interest related to the Trump family’s stablecoin, USD1.

Earlier this year, two senators raised similar concerns in a letter to former acting chairman of the Securities and Exchange Commission (SEC), Mark Uyeda. Meanwhile, Democratic lawmakers proposed the Curbing Officials’ Income and Nondisclosure (COIN) Act to prevent crypto-related conflicts of interest four months ago.

A recent investigation highlighted that, unlike most of his predecessors, President Trump has not put his crypto ventures in a trust managed by an independent party. However, the White House has denied any potential conflict of interest between the President’s businesses and his official duties.

Биткоин использовал все доступные катализаторы роста и до конца года, вероятно, останется в узком ценовом диапазоне от $100 000 до $125 000, заявил генеральный директор Galaxy Digital Майк Новограц (Mike Novogratz).

Как заявил министр финансов России Антон Силуанов на пленарном заседании Госдумы, Минфин приступил к формированию реестра майнеров, и сейчас в нем уже зарегистрировано 1364 субъекта.

Руководитель отдела исследований цифровых активов международного банка Standard Chartered Джеффри Кендрик (Geoffrey Kendrick) верит, что к концу года биткоин еще может вырасти до $200 000.

The United Kingdom’s (UK) Financial Conduct Authority (FCA) has initiated a lawsuit against cryptocurrency exchange HTX, which is owned by controversial crypto investor Justin Sun, alleging violations of UK financial promotion regulations.

On Wednesday, the FCA announced that it had filed civil proceedings in London’s High Court against HTX, previously known as Huobi, for allegedly breaching Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorized to operate within the UK.

HTX Remains On FCA’s Warning 

A spokesperson for the FCA told Reuters the regulator’s commitment to protecting consumers and maintaining the integrity of the UK financial markets. 

“We have seen crypto firms respond positively to our financial promotions rules and regulations. However, we will not hesitate to take action against firms that appear to breach our rules,” the spokesperson stated.

The legal filings name defendants including “persons unknown” who are currently managing promotions on behalf of HTX cryptocurrency exchange across various social media platforms. 

Despite positive regulatory changes in the country following the US leadership in establishing a new framework for the growth and adoption of digital assets, HTX has been on the Financial Conduct Authority’s (FCA) warning list of unauthorized firms since October 2023. The FCA advises consumers against engaging with the exchange.

Notably, the FCA has accelerated crypto application approvals in an attempt to mull the US more favorable regulatory environment for cryptocurrencies and firms of the industry, with already five firms approved to operate in the country since April of this year. 

Under UK law, firms marketing crypto asset services to consumers, including those based overseas, are required to register with the FCA in compliance with money-laundering regulations. 

In October 2023, the Financial Conduct Authority introduced new rules governing the promotion of crypto assets, aligning their marketing with other types of financial promotions.

Justin Sun’s Latest Moves In Crypto

Founded in 2013 and registered in the Seychelles, HTX claims to have over 47 million registered users globally, with more than nine million identified as trading users, according to the company’s website. 

Despite his controversial moves, which have recently included a key role in the Trump family’s crypto ventures, Justin Sun — a billionaire Chinese entrepreneur and the founder of the decentralized blockchain platform Tron (TRX) — acquired HTX in 2022.

Sun is a major supporter of President Donald Trump’s decentralized finance (DeFi) platform World Liberty Financial (WLFI), having invested approximately $90 million in Trump-related tokens. 

Notably, a wallet labeled “SUN,” identified by blockchain analysts as belonging to HTX, has emerged as the top holder of President Trump’s official memecoin launched in January of this year. 

Featured image from DALL-E, chart from TradingView.com 

After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform.

According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion).

Institutional Capital Flows Bolster Ethereum’s Bullish Case

BlackRock’s clients have added $41.91 million in Ethereum, marking another sign of growing institutional adoption.

These inflows come as Ethereum breaks out of a descending trendline pattern and parallels the rally seen in gold, with ETH’s correlation to gold reaching 0.7 in Q3 2025, driven by ETF inflows and DeFi-driven growth.

On-chain metrics further reinforce this accumulation narrative. Wallets are moving more ETH off exchanges, signaling long-term holding behavior, while tokenization and DeFi usage on Ethereum’s network continue to expand meaningfully.

Institutions appear to be treating Ethereum not just as a speculative bet, but increasingly as a foundational infrastructure asset, particularly given Ethereum’s post-Proof-of-Stake upgrade energy efficiency and suitability for ESG mandates.

Ethereum Holds $4,100 Resistance, Eyes on $4,440

From a technical vantage, Ethereum is testing the key resistance zone near $4,100–$4,440. Analysts like Ali Martinez point out the recent breakout of the descending trendline provides a bullish structural shift, but only if support levels remain intact.

The most critical support lies near $3,800, with a deeper fallback to $3,600 if momentum fades. A sustained move above $4,440 could unlock a run toward $4,800–$5,000, provided institutional flows and macro conditions align.

Conversely, a close below $3,800 would weaken the momentum thesis and potentially invite a retracement toward $3,560 or lower.

With ETF flows, macro liquidity, and network fundamentals converging, Ethereum is showing a rare blend of structural strength, but execution is key. The near-term jury is out until Ethereum closes decisively above $4,100 with volume confirming the move.

Cover image from ChatGPT, ETHUSD chart from Tradingview

The Hong Kong SFC has just approved the first Solana spot ETF, allowing the altcoin to join the ranks of Bitcoin and Ethereum.

ChinaAMC To List First Solana Spot ETF In Hong Kong

As reported by the Hong Kong Economic Times, the Securities and Futures Commission (SFC) has approved the first Solana spot exchange-traded fund (ETF) in Hong Kong. A spot ETF is an investment vehicle that allows investors to gain exposure to an underlying asset without having to directly own it. In the case of a cryptocurrency like SOL, this means that traders can invest without having to hold actual tokens on the blockchain.

Hong Kong approved spot ETFs for Bitcoin and Ethereum in April 2024. The BTC products followed three months after they were approved in the US by the Securities and Exchange Commission (SEC), but the Chinese city led the way with ETH products. The same dynamic appears to be playing out again. With the US government currently facing a shutdown that has frozen SEC operations, Hong Kong’s SFC has beaten the American regulator to approving a Solana spot ETF.

The spot ETF, issued by Chinese asset management company ChinaAMC, is set to launch on October 27th. It will be available in three trading lots: HKD, RMB, and USD. Each is equivalent to 100 tokens of the cryptocurrency. ChinaAMC previously launched Bitcoin and Ethereum spot ETFs on the Hong Kong stock exchange as part of the initial wave of approvals granted by the SFC in April 2024.

Over in the US, several SOL ETF filings are waiting to be processed, but with the current government shutdown, it’s unclear when they will finally be reviewed. Other altcoins like Dogecoin and XRP have also seen their filings similarly delayed.

Speaking of the US spot ETFs, Bitcoin funds witnessed a notable amount of inflows on Tuesday, as data from SoSoValue shows.

In total, the Bitcoin spot ETFs captured net inflows of about $477 million, breaking the trend of outflows from the last week. Ethereum funds also saw the incoming of capital, but their inflows of $141 million weren’t as significant as those of BTC products.

As mentioned before, spot ETFs allow investors to gain exposure to a cryptocurrency’s price movements without directly having to own tokens on the blockchain. For traditional traders unfamiliar with digital asset exchanges and wallets, this quality can make these vehicles a convenient entry point into the asset.

Bitcoin and Ethereum funds were able to tap into a new market in this way, and the same could potentially happen with Solana. That said, it only remains to be seen how demand for SOL spot ETFs will end up looking.

SOL Price

At the time of writing, Solana is trading around $186, down 8% over the last week.

Attorneys for Sean “Diddy” Combs told a US federal court they will appeal his conviction and the 50-month prison sentence handed down after his trial. They filed a formal notice of appeal on Monday and are expected to file the full appeal papers soon.

Diddy: Legal Outcome And Sentence

According to court filings and public records, a jury convicted Combs on two counts of transportation to engage in prostitution, while clearing him on two other charges, sex trafficking and racketeering.

Judge Arun Subramanian imposed a 50-month prison term, a $500,000 fine, and five years of probation. At sentencing, the judge said a substantial term was needed so that abuse of women “is met with real accountability.”

Combs had asked for a 14-month sentence so time already spent in custody would lead to a quick release. Prosecutors had pushed for more than 11 years. At the hearing, Combs told the judge, “My actions were disgusting, shameful, and sick.” He said he got “lost in excess” and asked for mercy while apologizing to two women who testified against him.

Sean ‘Diddy’ Combs has filed a notice of appeal in his federal criminal case following his conviction and sentencing in New York. The legal move indicates he is challenging the court…https://t.co/kztoafXP5A#Diddy #LegalNews #FederalCourt

— TC (@tc0888) October 21, 2025

Jury Findings And Trial Details

Reports have disclosed that Combs was arrested in September 2024. His trial ran for nearly two-months this summer and drew widespread coverage.

Witnesses described encounters that prosecutors said showed Combs used his influence in the music industry to pressure people into sexual situations.

One witness, Cassandra Ventura, said she was physically abused and coerced into encounters described in court as “hotel nights.”

Another witness who testified under the name Jane said she felt pressured even when she was unwell.

The jury’s split verdict — guilty on the transportation counts but not guilty on sex trafficking and racketeering — leaves open legal and factual fights that the defense is likely to press on appeal.

Jail Proximity And Public Interest

Another angle that attracted attention was Combs’s placement at the Metropolitan Detention Center in Brooklyn, where he was housed in the same unit as Sam Bankman-Fried, the former crypto executive convicted in the FTX case.

Sources say the two men shared dormitory-style housing and had some informal interactions. There is no public evidence linking Combs to the financial crimes at the center of Bankman-Fried’s conviction, and officials have not tied the two cases together.

Tech And Crypto Connections

Sean ‘Diddy’ Combs has taken part in several tech and crypto-adjacent moves in recent years. He was listed among investors in the banking app ECO, which raised roughly $26 million.

He joined a funding round for a hologram and virtual-communications company that was about $12 million. Disclosure documents from June 2023 tied funds linked to Combs to a stake in X Corp.

A celebrity-linked “DIDDY” meme token briefly reached a market cap near $180 million during news cycles, though links between Combs and that token remain unclear.

Featured image from SiriusXM, chart from TradingView