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President Trump Pardons Binance Founder CZ

⚖️ Trump Pardons Binance Founder CZ
Pardon Issued: President Trump issued a pardon to Changpeng Zhao (CZ), founder of Binance, on October 23. CZ had served a four-month prison term and was released in September after pleading guilty in 2023 to failing to maintain an effective anti-money laundering program. He paid a $50 million personal fine, and Binance settled for $4.3 billion. The White House stated the case was part of the Biden administration’s “war on crypto,” with no allegations of fraud or identifiable victims.
CZ and Support: CZ responded on X: “Deeply grateful for today’s pardon and to President Trump for upholding fairness, innovation, justice. Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.” Binance CEO Richard Teng posted: “We are building the next chapter focused on increasing access by reducing fees, trust, and global innovation.” Balaji Srinivasan wrote on X: “CZ is free. A huge win for crypto and justice.” Tyler Winklevoss added: “Welcome back CZ now let’s build.” The pardon reflected strong industry support and a new direction in U.S. cryptocurrency policy.
Criticism Arises: The decision faced sharp criticism from Democrats. Senator Elizabeth Warren stated: “If Congress does not stop this kind of corruption in pending market structure legislation, it owns this lawlessness.” Representative Maxine Waters called it “appalling pay-to-play,” pointing to CZ’s lobbying and Binance’s ties to Trump-backed World Liberty Financial. Trump told reporters he never met CZ but granted the pardon based on strong recommendations, asserting the original case lacked merit. Read More.
️ On today's Top Picks:
- ⚠️ Stable's $825M pre-deposit campaign filled by insiders.
- 👀 Lighter Founder & CEO teases "The holidays will be lit this year."
- 🪂 Polymarket CMO confirms plans to launch $POLY & airdrop.
- 👍 President Trump nominates Michael Selig as CFTC Chair.
Read time: ⏰ 8 minutes
Crypto News
• ⭐️ US President Trump pardons Binance $BNB founder Changpeng Zhao (CZ); CZ pleaded guilty to violating the Bank Secrecy Act in November 2023 & served four months in prison.
• Binance $BNB founder Changpeng Zhao (CZ) accepts Peter Schiff's challenge to debate Bitcoin $BTC vs tokenized Gold $XAU.
• Solana $SOL Foundation announces Launch On Solana, new open source Solana tools to help developers get to market faster; to introduce new products & tools soon.
• Google adds EigenCloud $EIGEN on Google Cloud Web3 Faucet; developers can request EIGEN (on Ethereum Hoodi Testnet) to build, test, & deploy.
• Crypto[.]com files application for National Trust Bank Charter with US OCC; Coinbase $COIN, Circle $CRCL, Bridge, & others have also recently applied.
• OpenEden $EDEN releases Strategic Blueprint; to expand USDO, launch a tokenized fund, launch a delta-neutral yield token, expand to non-USD stablecoins, & more.
• Ripple $XRP completes acquisition of Hidden Road for $1.25B; rebrands to Ripple Prime; enables Ripple to expand its services.
• Aave $AAVE acquires Stable for an undisclosed amount; Stable app to be phased out, Stable team to focus on new consumer apps for Aave.
• Farcaster acquires Clanker (tokenbot) $CLANKER for an undisclosed amount; to integrate Clanker into the Farcaster app soon.
• Fireblocks acquires Dynamic for an undisclosed amount; adds Dynamic’s wallet & onboarding tools to Fireblocks’ custody stack.
Alpha
• State Of Alpha by Olimpio; discusses Stable, MegaETH $MEGA, Plasma $XPL, MetaDAO, USDai, Lighter, & Tydro $INK.
• MegaETH $MEGA ICO by Havcaaren.
• ⭐️ Stable launches pre-deposit campaign with $825M cap; insiders deposited & filled the cap before any public announcement.
• Abstract launches Early Bird Flash Badge; users who signed up to Abstract before mainnet launch are eligible.
• Socket posts "▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░░░ 69%" on X; to potentially launch mainnet, TGE, & airdrop soon.
• Wormhole $W launches Portal Earn, a new loyalty & rewards program; bridge, swap, and/or stake to earn XP.
• Spicenet launches Spicenet Portal; complete quests, climb the leaderboard, & earn rewards.
Airdrops
• Airdrops, Checkers, & Points by Olimpio.
• ⭐️ Lighter Founder & CEO Vladimir Novakovski says "The holidays will be lit this year" in response to Cobie asking "when is lighter"; to potentially launch TGE & airdrop in December.
• ⭐️ Polymarket CMO Matthew Modabber confirms plans to launch Polymarket $POLY token & airdrop; to focus on token launch after relaunching in the US.
• Meteora launches $MET airdrop claim; Meteora Points holders, Jupiter $JUP stakers, & more are eligible.
• aPriori launches $APR airdrop claim; aPriori community members, MadLads & Moonbirds NFT holders, & more are eligible.
• Infinex founder Kain Warwick announces Infinex token & airdrop are launching soon; to launch at the end of December or early January.
• zkPass teases $ZKP on X; to launch TGE & airdrop in December.
• ICYMI Airdrops, Checkers, & Points (October 13th) by Olimpio.
Finance News
• ⭐️ US President Trump nominates Michael Selig as CFTC Chair; Selig currently serves as Chief Legal Counsel for the SEC’s Special Task Force on Crypto.
• US September CPI inflation rises to 3.0%, below expectations of 3.1%; Core CPI inflation falls to 3.0%, below expectations of 3.1%.
• US President Trump ends trade negotiations with Canada; cites Canada's anti-tariff advertisement; Canada has since paused the ad.
• US President Trump Administration is NOT in talks to take stakes in several quantum computing companies, according to Yahoo Finance; contradicts earlier reports from WSJ.
• SpaceX transfers 1,215 Bitcoin $BTC (~$135M) to two new wallets; also recently transferred 2,495 Bitcoin $BTC (~$277M) to two unmarked addresses; potentially internal wallet shuffles.
• JPMorgan Chase $JPM to allow Bitcoin $BTC & Ethereum $ETH as collateral for institutional clients; may not occur until 2026.
• Fidelity $FNF Digital Assets adds supports for Solana $SOL custody & trading; applies across all Fidelity Digital Assets platforms.
• Solana Company $HSDT partners with Helius, Twinstake, & Anchorage Digital for staking & custody services; currently holds ~2.2M Solana $SOL (~$426M).
• Rumble to launch Bitcoin $BTC tipping with support from Tether; Rumble currently holds 211 BTC (~$24M); Tether also currently holds a 48% stake in Rumble.
Security and Exploits
• Ledger announces Ledger Nana Gen5; features Secure Element chip, Clear Signing, & more; also announces a redesigned Ledger Wallet app and an Enterprise Multisig platform.
• Trezor announces Trezor Safe 7; features new TROPIC01 chip, "quantum-ready" security, wireless connectivity, & more; available on November 23rd.
• Ocean Protocol $OCEAN to return $120M in $FET to Fetch[.]ai; Ocean Protocol had converted ~661M OCEAN to ~286M FET and then transferred the tokens Binance & GSR Markets.
• Mozilla to require new Firefox extensions to disclose whether they collect and/or share user data starting on November 3rd; all Firefox extensions by H1 2026.
Token Unlocks
• Humanity $H / ~$23M / OCT 25th
• Plasma $XPL / ~$33M / OCT 25th
• Sign $SIGN / ~$12M / OCT 28th
• Grass $GRASS / ~$79M / OCT 28th
• Jupiter $JUP / ~$21M / OCT 28th
Sourced from Tokenomist
Funding
• Pave Bank raises $39M in a Series A funding led by Accel.
• DepinSim raises $8M in Strategic funding led by Outlier Ventures.
• Pieverse raises $7M in Strategic funding led by Animoca Brands & UOB Ventures.
The Degen Farmer
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| PROTOCOL | ASSETS | APY |
|---|---|---|
| USD1USDC | 79.94% | |
| USDC | 38.15% | |
| AIDAUSDC | 36.14% | |
| USDC | 35.14% | |
| USDC | 34.58% | |
| IUSD | 28.10% | |
| SUSDEUSDT | 26.46% | |
| LVUSDCE | 25.21% |
☁️ EigenCloud: Verifiable Cloud & Ethereum Restaking | ![]() |
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📊 Delphi Digital’s Report on EigenCloud Delphi Digital recently published a report hailing EigenCloud as a breakthrough for blockchain programmability, moving beyond finance-focused apps. Its core tools include EigenDA for secure, scalable data storage (similar to AWS S3), EigenVerify for reliable result verification, and EigenCompute for running complex off-chain tasks. These simplify development by handling validator coordination, letting developers focus on building trusted applications. The dual-token system, with EIGEN for network coordination and bEIGEN for verification collateral, ensures rewards for stakers and verifiers, backed by a forking mechanism to prevent collusion. EigenDA v2 delivers 100MB/s throughput, the fastest data availability solution, and a testnet DevKit streamlines new service creation.
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That’s it for today’s edition! See you soon.

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