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October 24, 2025
BNB jumped after Donald Trump pardoned Binance founder CZ, fueling trader optimism and fresh speculation that altcoin season could soon return.
Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.”
Hyperliquid, Aster and Lighter have pushed decentralized perps trading volume to over $1 trillion in October, beating August’s tally with a week to spare.
September’s inflation data, which has been delayed by the government shutdown, is expected to be high at 3.1% but it is unlikely to stop momentum for Fed rate cuts.
While some onchain sleuths called it “obvious insider knowledge,” others argued that Trump’s pardon of Changpeng Zhao was expected.
Bitcoin options open interest reached a record $63 billion, with bullish strike prices at $120,000 to $140,000 dominating.
Former FTX CEO Sam Bankman-Fried’s odds on Polymarket of being pardoned by US President Donald Trump have more than doubled since Changpeng Zhao was pardoned.
Crypto analysts said the altcoin season could be arriving soon as liquidity shifts to risk assets, but altseason indicators currently stand at bear market lows.
A solo Bitcoin miner has beaten the odds to mine an entire block alone — earning $347,000 in rewards and showcasing the network’s decentralized spirit.
Tom Lee points to the stock market’s steep drawdowns, despite strong progress in recent times, as a sign that Bitcoin could still see 50% declines in the future.
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