CZ Get His Pardon
President Trump pardoned Binance founder Changpeng “CZ” Zhao, with press secretary Karoline Leavitt casting his money-laundering and sanctions-evasion conviction as fallout from President Biden’s “war on crypto.” In other words, it’s much less about Binance’s promotion of the president’s crypto tokens or the $2 billion in World Liberty stablecoin (as most cynics would rightfully suspect)… and more about rectifying “political persecution.” Framed as a creative entrepreneur who pushed the envelope, CZ once told his staff, “better to ask for forgiveness than permission.” Yesterday, he got it. Read more →
Crypto M&A hits record $10B in Q3
Dealmaking and consolidation in crypto has gone absolutely bananas in 2025 thanks to clearer policies and rapid adoption on Wall Street. According to new data from Architect Partners, crypto M&A topped $10 billion in Q3 2025, representing a 30-fold jump from just a year ago. Read more →
$400 million BTC from 2011 moves after repossession notice
In a bit of a head scratcher, an entity claiming to be Salomon Brothers has dusted 39,000+ dormant wallets with BTC repossession notices. While “constructive possession” is a legitimate legal practice, it’s never been used in a crypto context. Now, to be clear, this is almost certainly some sort of phishing scam, but regardless it is causing interesting repercussions…
Mostly, in the sense that it may actually be spooking some large wallets, like this one with more than $400 million worth of BTC. Funded with 4,000 BTC in 2011 when 1 BTC was worth only $17, the wallet in question had increased in value from $70,000 to over $400 million today. So either the movement is cover for a hack… or the notice actually spooked the owner (interesting!). Read more →
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