Diddy Hires Sam Bankman-Fried’s (New) Lawyer
The unlikely pair already share a cell. Now they share a lawyer.
Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.
Bankman-Fried, who was sentenced to 25 years in prison in March for the collapse of his crypto exchange, FTX, hired Shapiro to handle his appeal shortly after his conviction. Last month, she filed a 102-page appeal in the Second Circuit, requesting a new trial for Bankman-Fried and accusing the judge overseeing his case of being unfairly biased against him.
Lawyers interviewed by CoinDesk are largely skeptical of the appeal’s chance of success.
Read more: Does SBF’s Appeal Stand a Chance of Succeeding?
The fraudster is currently six months into his sentence, and has chosen to remain in Brooklyn’s notoriously dangerous Metropolitan Detention Center (MDC) while he awaits the outcome of his appeal, rather than be moved to a low-security prison near his family in California.
The unlikely result of Bankman-Fried’s decision to stay in MDC is that he’s now roommates with Diddy. According to a recent report from the New York Times citing sources familiar, Bankman-Fried and the rapper are both living in the same unit of the jail, sleeping in a “dormitory-style room” with other inmates.
On Sep. 12, New York prosecutors charged Diddy with racketeering conspiracy, sex trafficking of children by force, fraud or coercion and transporting for prostitution.
The sex trafficking charge alone carries a maximum sentence of life in prison, with minimum sentences of 10-15 years depending on the ages of the victims. The racketeering conspiracy charge and the transportation for prostitution charge carry maximum sentences of 20 and 25 years in prison, respectively.
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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A few Republicans have crypto's destiny in their hands at the SEC, CFTC

After holiday leadership shifts, the two U.S. markets regulators — the SEC and CFTC — are now run only by pro-crypto Republicans, with Congress still debating.
What to know:
- The crypto industry finally has two permanent, crypto-friendly chairmen at the Securities and Exchange Commission and the Commodity Futures Trading Commission, and they have no Democratic pushback.
- The lack of fully stocked commissions at the market regulators is a big problem in the eyes of Senate Democrats negotiating the crypto market structure bill.
- The lone remaining Democrat, Caroline Crenshaw, left the SEC last week.











