🚨 Breaking News - The U.S. administration under President Donald Trump is reportedly planning to give Changpeng Zhao, the Co-Founder and former CEO of the cryptocurrency exchange Binance, a presidential pardon.
In 2024, Changpeng Zhao, also known as CZ, pleaded guilty to money laundering and was sentenced to four months in prison along with a $50 million fine. He also had to resign as Binance’s CEO and step down from any executive role from the firm.
In a post on X, New York Post columnist and Fox correspondent Charles Gasparino said that people close to Zhao have been saying that Trump insiders think the case against him was “pretty weak” and didn’t need a felony charge or jail time. And since Zhao is still Binance’s biggest shareholder, these talks have made it possible for him to come back to the crypto exchange.
🚨Wallets linked to Aleksey Bilyuchenko, an alleged Mt. Gox hacker, recently transferred 1,300 Bitcoin (BTC) — approximately $114 million at the time — to unknown exchanges, sparking concerns about a systematic selloff.
🛑 Breaking - The U.S. Federal Reserve is injecting about $6.8 billion of liquidity into financial markets — a big move that gives banks extra cash to lend and helps keep markets stable when money gets tight. This kind of action is part of how central banks support the economy by making sure there’s enough cash circulating in the system.
🧡Bitcoin is currently hovering around the $87,000–$88,000 mark. While it saw a brief surge past $90,000 earlier this week, it has faced a pullback.
Correction Fears: Analysts from Santiment suggest that market sentiment hasn't reached the level of "fear" usually required to signal a market bottom, leading some to predict a potential decline of up to 14% in the short term.
Whale Accumulation: Despite the dip, on-chain data shows that "whales" (wallets holding 100-1,000 BTC) have added roughly 54,000 BTC this week, marking the fastest accumulation rate since 2012.
ETF Activity: Spot Bitcoin ETFs saw net inflows of approximately $457 million on Friday, suggesting that institutional interest remains resilient despite the price volatility.
coming soon new stablecoin- BNB Chain teased an upcoming stablecoin initiative aimed at powering “next-gen liquidity” and large-scale on-chain activity. Details are still light, but this is one to watch if it ties into payments, DeFi liquidity, or ecosystem incentives.