Trump’s CZ Clemency Lifts Crypto Market, Yet Legal Analysts Skeptical About SBF Receiving Pardon
- Trump pardoned Binance’s CZ, boosting Bitcoin 2.7% to $110,700 and reigniting crypto market optimism. - Legal experts doubt SBF’s pardon chances despite rising Polymarket odds, citing his 25-year fraud sentence versus CZ’s compliance issues. - Market frenzy saw $6.6M staked on SBF’s release (15.5% odds) and 36% chance of CZ’s Binance return by year-end. - Global moves included Kyrgyzstan’s CBDC partnership and Canada’s diplomatic push to reduce U.S. economic dependence.
On October 24, 2025, the cryptocurrency sector experienced a dramatic resurgence after U.S. President Donald
Despite the excitement, legal professionals and market analysts remain doubtful about SBF’s likelihood of receiving clemency. Jake Chervinsky, a lawyer specializing in crypto, described the notion of pardoning SBF as "genuinely shocking," emphasizing that SBF’s 25-year sentence for fraud and misappropriation of billions in customer assets is far more serious than CZ’s regulatory violations. Sasha Hodder, founder of Hodder Law, pointed out that "CZ was never accused of misusing client funds or committing fraud," and noted that Binance "functioned as a legitimate exchange," as reported by Cointelegraph. At the same time, Trump justified CZ’s pardon, asserting that he was "targeted by the Biden administration" and that his actions "did not constitute a crime," according to a
The pardon triggered a surge of activity in financial markets. On Polymarket, traders wagered more than $6.6 million on SBF’s potential release, with the probability of his freedom climbing to 15.5%. Although CZ’s return to Binance remains uncertain, the likelihood briefly peaked at 82% for a year-end comeback before dropping to 36%. The wider crypto market, buoyed by Trump’s favorable stance, saw
Outside the crypto world, global economic events contributed to the week’s turbulence. Blockchain company Sign revealed a collaboration with Kyrgyzstan’s central bank to introduce a central bank digital currency (CBDC) for 7.2 million people, highlighting the increasing adoption of digital assets in developing economies, according to a
The intersection of geopolitics and financial markets underscored a rapidly evolving environment. While Trump’s pardons hinted at a more lenient regulatory climate for crypto, instability in the Middle East persisted, with Turkish President Recep Tayyip Erdogan urging the U.S. to pressure Israel over ceasefire breaches in Gaza. These factors, along with ongoing U.S.-China trade discussions, kept investors cautious as they navigated a landscape shaped by shifting policies and economic signals, according to a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nicolet’s Quarter-Century Commitment to Community Shows That Profit and Purpose Can Go Hand in Hand
- Nicolet Bankshares reported $42M Q3 2025 net income, up from $36M prior quarter and $33M in 2024, with 3.86% net interest margin and $223M core deposit growth. - CEO Mike Daniels emphasized community-focused banking philosophy, linking 25-year success to relationship-driven growth and shared value creation with stakeholders. - Analysts rank Nicolet in top decile of U.S. banks for returns, though "hold" rating reflects challenges like rising costs and evolving customer expectations. - Strategic share repu
Aster News Today: The 2025 Crypto Exchange Showdown: Centralized Power Faces Off Against Decentralized Progress
- 2025 crypto exchange competition intensifies between centralized (CEX) and decentralized (DEX) platforms, driven by performance metrics and strategic innovations. - Kraken, a major U.S. CEX, reported 114% YoY revenue growth ($648M) and 5.2M users, leveraging institutional partnerships and IPO anticipation. - Aster DEX introduces Rocket Launch, a reward-based model incentivizing trading volume and liquidity, contrasting traditional speculative DEX approaches. - JPMorgan analysis highlights CEX advantages

Ethereum News Today: Ethereum Faces $4,000 Test as DeFi Growth Competes with Market Volatility
- Ethereum consolidates near $3,896 amid $3,700–$4,000 range, supported by rising DeFi adoption and 1.2M+ daily transactions. - Analysts highlight $4,400–$4,500 as critical breakout threshold, with potential $4,800–$5,000 targets by year-end if Layer-2 scaling sustains demand. - Market flows show $205M inflow into ETH ETPs despite $513M crypto outflows, reflecting confidence in DeFi-driven fundamentals. - Bernstein/Bank of America note Ethereum's structural advantages, including 32% annualized growth in cl

BlockchainFX's Real-Time Trading Activity Surpasses Competing Crypto Platforms Focused on Speculation
- BlockchainFX ($BFX) is a live crypto trading platform with a $0.029 token price, targeting $0.05 at launch via a hybrid DEX model and 70% fee redistribution to holders. - It attracts investors with 10,000+ daily users, $M+ trading volume, and 4–7% daily USDT returns, contrasting speculative rivals like Coldware and Mutuum Finance. - A $50,000 investment could yield $1.72M if $BFX reaches $1, supported by presale bonuses, Visa cards, and a $500K giveaway to incentivize participation. - With $1.3T in Octob