Tag Archives: cryptocurrency

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U.S. Government Shutdown Halts September Jobs Report Release

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Government Shutdown Delays September Jobs Report, Increasing Market Uncertainty

The release of the September Bureau of Labor Statistics (BLS) jobs report has been postponed until the U.S. government reopens, according to a statement from the White House. This delay introduces additional market uncertainty, particularly impacting crypto assets like Bitcoin and Ethereum, as traders await possible effects on Federal Reserve policy decisions.

Government Shutdown Impacts Financial Reporting and Crypto Markets

The White House confirmed that the release date for the September BLS jobs report will be rescheduled following the government reopening. While routine reports such as the Job Openings Survey continue despite the delay, no public statement has been given explaining the cause or outlining a solution for the postponement. Nevertheless, the market widely acknowledges the impact.

Delays in essential economic data generate uncertainty for investors and traders. Market participants in the cryptocurrency space, who heavily rely on macroeconomic indicators, can expect increased price volatility—especially in Bitcoin (BTC) derivatives—amid speculation surrounding Federal Reserve decisions.

In response, market actors are adopting temporary strategies to navigate the potential shifts in Fed rate policies. Reactions across the cryptocurrency sector emphasize the likelihood of heightened volatility. Public commentary from prominent industry figures remains scarce, possibly reflecting the high sensitivity of these markets to U.S. macroeconomic data, with direct implications for assets such as Bitcoin and Ethereum.

Historical Context, Price Data, and Expert Analysis

It’s worth noting that previous U.S. government shutdowns in 2013 and 2018 also delayed BLS report releases, causing short-lived volatility spikes in both crypto and equity markets.

Currently, Bitcoin (BTC) is trading at $101,694.71, with a market capitalization of approximately $2.03 trillion, according to CoinMarketCap. The price has decreased by 1.44% in the past 24 hours and dropped about 14.14% over the last 90 days. Out of a maximum supply of 21 million BTC, around 19,947,975 are presently in circulation.

These market fluctuations underscore the sensitive interplay between government data releases and crypto asset valuations during periods of political uncertainty.

https://bitcoinethereumnews.com/tech/u-s-government-shutdown-halts-september-jobs-report-release/

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Matrixport Highlights Decline in Crypto Trading Volumes

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Matrixport Report Reveals 50% Drop in Cryptocurrency Trading Activity
Matrixport’s November market analysis highlights a significant shift in the cryptocurrency industry: while overall market capitalization has climbed, trading volumes have sharply declined. This structural caution points to potential challenges for trading platforms, impacting liquidity, revenue, and signaling a possible bear market phase for Bitcoin.

**Contrasting Trends: Rising Market Cap vs. Falling Volume**
According to Matrixport’s findings, the total cryptocurrency market cap surged from $2.40 trillion to $3.70 trillion in the past 12 months. Despite this bullish metric, average daily trading volume dropped from $352 billion to just $178 billion—a steep 50% decrease. This notable divergence raises concerns about weakening liquidity and diminishing activity within exchanges.

An analyst from Matrixport stated, “Relative to market size, cryptocurrency trading volume remains weak. Over the past 12 months, the total market capitalization has risen from $2.4 trillion to $3.7 trillion, while daily trading volume has decreased from $352 billion to $178 billion, a decline of 50%.”

**Implications for Crypto Platforms and Market Health**
Shrinking trading volumes are a red flag for trading platforms. Reduced activity can lead to lower revenue and may undermine overall market health. Industry stakeholders are closely watching these trends, expressing concern about the potential impact on liquidity and price discovery.

**Bitcoin Price Dips Despite High Market Cap**
The drop in trading volume is also reflected in Bitcoin’s recent performance. As of now, CoinMarketCap lists Bitcoin’s price at $103,411.51, with a market capitalization of $2.06 trillion. The 24-hour trading volume stands at $61.49 billion, marking a 10.68% decrease. Recent price movements highlight a 1.65% decline over 24 hours, consistent with broader downward trends in the industry.

**Did You Know?**
A decline in trading volumes often precedes market consolidation phases. For instance, similar patterns emerged during the post-stimulus decline in 2021, foreshadowing periods of stagnation or correction.

**Conclusion**
While the cryptocurrency market’s valuation continues to rise, the sharp fall in trading activity is a structural warning sign. Lower volumes may signal market cooling and could affect the sustainability of recent bullish momentum. Industry participants and investors should monitor these trends closely as the market enters a potentially volatile phase.
https://bitcoinethereumnews.com/crypto/matrixport-highlights-decline-in-crypto-trading-volumes/

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Hyperliquid Trader 0x9263 Earns $31M After 20 Straight Winning Trades

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**Trader 0x9263 Nets $31M with 20 Consecutive Wins Since October 2025**

A trader known as 0x9263 has made a significant mark in the crypto trading world by securing over $31 million in profit from 20 consecutive winning trades since October 1, 2025. Operating on the decentralized exchange Hyperliquid, 0x9263 has demonstrated remarkable precision and skill with leveraged long positions in Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and Uniswap (UNI).

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### Impressive Profit with Leveraged Trades

Starting their winning streak on October 1, 2025, 0x9263 accumulated more than $31 million in realized profits across 20 successful trades. Currently, the trader holds $74.6 million in leveraged positions spanning four major cryptocurrencies.

Despite using high leverage—up to 25x—0x9263 has kept margin usage under 17%, showcasing careful and disciplined risk management. In the highly volatile crypto market, managing leverage and margin effectively is crucial to preserving profits.

This disciplined approach has enabled the trader to generate an impressive return on equity (ROE) of 220%. Such a high ROE has sparked interest and speculation about whether this success comes from sophisticated market analysis or exceptional timing.

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### Strategic Shift from Short to Long Positions

Approximately six days ago, 0x9263 shifted their trading strategy, closing previous short positions and entering leveraged long positions on Ethereum, Bitcoin, Solana, and Uniswap. This move coincided exactly with a market rebound, particularly strong price movements seen in Bitcoin and Ethereum in early November.

The timing of this switch appears nearly flawless, with Ethereum acquired around $3,189, Solana near $153, and Bitcoin at approximately $100,648—just before these assets surged in value.

As of the latest update, 0x9263 holds substantial leveraged positions in these cryptocurrencies. These trades have generated significant unrealized gains, including over $2.6 million in profit on Ethereum alone.

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### Community Reactions and Speculation

The astounding success of 0x9263 has sparked widespread curiosity across the crypto community. Some speculate the trader might possess “insider information,” while others liken 0x9263’s market accuracy to an almost supernatural ability to predict price movements.

Whether 0x9263 is an individual trader or an algorithm remains unclear. What stands out is the trader’s disciplined risk management. Their precise entry points and strict margin control suggest a highly calculated and methodical approach rather than reckless speculation.

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### Hyperliquid’s Role in 0x9263’s Success

Hyperliquid, the decentralized perpetual exchange where 0x9263 conducts trades, is rapidly gaining attention as a platform that supports large leveraged positions.

0x9263’s high-profile success has contributed to increased interest in Hyperliquid, encouraging more whale traders and liquidity providers to migrate from centralized exchanges to this decentralized platform.

As the story of 0x9263 continues to unfold, their impressive 20-win streak cements them as a notable figure in crypto trading. Whether leveraging advanced algorithms, deep market analysis, or a combination of strategies, the trader’s approach has proven highly successful.

Given this momentum, Hyperliquid’s growth suggests that more traders may look to replicate such achievements on decentralized exchanges in the near future.
https://coincentral.com/hyperliquid-trader-0x9263-earns-31m-after-20-straight-winning-trades/

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MEXC Launches ELIZAOS Euphoria Campaign with $1 Million Prize Pool, Zero-Fee Trading and 400% APR Staking

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Victoria, Seychelles, November 10, 2025 — MEXC, a leading global cryptocurrency exchange, has announced the launch of the **ELIZAOS Euphoria Campaign** in collaboration with ELIZA. This exciting campaign offers participants a $1 million prize pool, zero-fee trading, and 400% APR staking opportunities—helping users save on trading fees while maximizing their potential returns.

The ELIZAOS Euphoria Campaign will run from **November 10, 2025, 10:00 UTC to December 9, 2025, 10:00 UTC**, featuring four major events designed to engage and reward users.

### Event 1: Zero Fees on ELIZA Trading
Participants can enjoy zero fees on ELIZA/USDT and ELIZA/USDC spot trading, as well as ELIZAUSDT and ELIZAUSDC futures trading throughout the entire event period.

*Note:* Zero-fee trading may not be available in certain countries or regions. Users are advised to refer to local fee announcements for specific availability.

### Event 2: Stake ELIZA to Unlock 400% APR (New User Exclusive)
New users have the opportunity to stake between 1,600 and 8,000 ELIZA for 3 days to earn a remarkable 400% Annual Percentage Rate (APR). To participate, users must complete advanced KYC verification.

Rewards are limited and will be distributed on a first-come, first-served basis.

### Event 3: Deposit & Trade Spot to Share 100,000 USDT
During the campaign, users can complete two spot trading tasks to share a total prize pool of 100,000 USDT:

– **Task 1 (New Users):** New users making qualifying deposits and trading ELIZA spot pairs will be rewarded on a first-come, first-served basis.
– **Task 2 (All Users):** All users can earn rewards proportional to their individual trading volume, with a maximum reward cap of 1,000 USDT per participant.

### Event 4: Trade Futures to Share 200,000 USDT in Futures Bonuses
Users can engage in ELIZA futures trading and compete for a total of 200,000 USDT in bonuses through two tasks:

– **Task 1 (Welcome Bonus for New Futures Users):** Participants who complete any futures trade and meet the required trading volume milestones will receive bonuses on a first-come, first-served basis.
– **Task 2 (Futures Trading Leaderboard):** All users can earn bonuses based on their cumulative trading volume. Individual rewards are capped according to leaderboard rank.

*Note:* Rewards from both tasks can be combined. However, zero-fee futures trades are excluded from the eligible trading volume.

For full details and to register, visit the [ELIZAOS Euphoria campaign page](#).

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## About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across more than 170 countries, MEXC is renowned for its broad selection of trending tokens, daily airdrop opportunities, and low trading fees.

The platform is user-friendly and designed to support both new traders and experienced investors by offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making cryptocurrency trading more accessible and rewarding.

– [MEXC Official Website](#)
– [X (formerly Twitter)](#)
– [Telegram](#)
– [How to Sign Up on MEXC](#)

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For media inquiries, please contact the MEXC PR team at: [email protected]

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**Risk Disclaimer:**
This content does not constitute investment advice. Due to the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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*Source:* The post **MEXC Launches ELIZAOS Euphoria Campaign with $1 Million Prize Pool, Zero-Fee Trading and 400% APR Staking** appeared first on Blockonomi.
https://bitcoinethereumnews.com/tech/mexc-launches-elizaos-euphoria-campaign-with-1-million-prize-pool-zero-fee-trading-and-400-apr-staking/

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U.S. Government Set to Reopen After Funding Vote

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**U.S. House Set to Vote on Stopgap Funding Bill: What It Means for Crypto Markets**

The U.S. House is expected to vote on a stopgap funding bill on Wednesday to reopen the government by Friday, November 15, 2025. Market reactions are anticipated to show short-lived optimism, with limited impact on crypto assets—mirroring typical response patterns to previous U.S. government shutdowns.

**Crypto Market Anticipates Volatility Amid Regulatory Changes**

At 8:17 UTC on November 10, 2025, Bitcoin (BTC) commands a substantial market share, accounting for 59.23% of the total market. According to CoinMarketCap data, BTC is priced at $106,281.08, with a market capitalization of approximately $2.12 trillion. Bitcoin’s trading volume changed by 43.74% over the past 24 hours. Price fluctuation is apparent, with BTC posting a 4.23% increase in the last 24 hours, contrasted by a 10.61% decline over the past 90 days.

Research from Coincu indicates that the anticipated reopening of regulatory agencies may impact digital asset product reviews and enforcement actions. This could spur temporary volatility in the crypto market, although lasting effects will likely hinge on concrete regulatory developments or resumed government initiatives.

**Government Shutdown: Context & Potential Outcomes**

Government funding expired at midnight on September 30, 2025. Responding to the situation, Rep. Stanton said, “I am ready to negotiate in good faith to end this costly and unnecessary shutdown. However, I won’t allow this Administration to force through their agenda of health care cuts and higher prices.” [Source: Stanton’s official site]

This 2025 U.S. government shutdown marks the longest in history, lasting over 41 days. Analysts note that such events have historically triggered surges in asset prices. Recent market data highlights significant fluctuations in the cryptocurrency market, with Bitcoin continuing to lead.

The reopening of regulatory agencies could spark increased scrutiny and may potentially shift market dynamics, making it crucial for investors to monitor policy developments closely.

**Market Data Overview: Key Takeaways**

– Bitcoin’s dominance stands at 59.23%, with a price of $106,281.08.
– Trading volume surged by 43.74% over 24 hours.
– BTC price increased by 4.23% in 24 hours but fell 10.61% over the past 90 days.
– The 2025 shutdown is the longest in U.S. history, lasting over 41 days.
– Regulatory agency reopenings may influence market volatility and asset reviews.

Stay tuned for further updates as lawmakers work toward reopening the government and potential regulatory changes continue to impact the crypto space.
https://bitcoinethereumnews.com/tech/u-s-government-set-to-reopen-after-funding-vote/

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Simple to Join, Hard to Miss – HTX Launches “Earn as You Borrow” Week for Traders to Capture Market Opportunities at Lower Cost

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**HTX Launches “Earn as You Borrow” Week: Triple Rewards on Crypto Borrowing**

*PANAMA CITY, Nov. 10, 2025* — HTX has announced the launch of “Earn as You Borrow” Week, a limited-time campaign offering triple rewards to users. Running from 16:00 on November 7 to 15:59 on November 14 (UTC), this initiative is designed to help users manage funds efficiently and seize opportunities in volatile markets.

The campaign is easy to join, featuring exceptional discounts and no entry requirements. Users who complete KYC verification and take margin loans or collateral swaps can enjoy tangible savings.

Below are the campaign highlights:

**Event 1: Up to 30% Interest Rebate on USDT Loans**

To meet strong demand for stablecoin borrowing during market swings, HTX is introducing tiered interest rebates for USDT loans:

– Borrow ≥10,000 USDT to receive a 10% rebate
– Borrow ≥100,000 USDT to receive a 20% rebate
– Borrow ≥1,000,000 USDT to receive a 30% rebate

The more you borrow, the more you save. With interest discounts of up to 30%, each loan offers a low-cost opportunity to capture profits in volatile markets.

**Event 2: Up to 50% Off Borrowing Costs for PoW Token Loans (Exclusive for Prime Users)**

HTX is rolling out interest rate discounts for BTC and other major proof-of-work (PoW) assets. These discounts apply automatically—no extra steps required. Higher Prime levels unlock deeper savings, giving traders an advantage in hedging, arbitrage, or margin trading.

The discount voucher is valid for 14 days and can be applied to future margin loans or swaps, and stacks with Prime discounts for even greater savings.

**Empowering Users in Fast-Moving Markets**

In today’s fast-moving crypto environment, timing is crucial and cost management defines your advantage. The “Earn as You Borrow” campaign reflects HTX’s commitment to its users by simplifying participation while delivering real benefits.

These triple rewards are designed to boost users’ capital efficiency, lower costs, and provide greater flexibility and confidence when trading.

**Looking Ahead**

HTX will continue to refine and innovate its financial solutions, offering more flexible and cost-effective fund management tools. This dedication helps users remain agile and resilient, regardless of market conditions.

**About HTX**

Founded in 2013 (formerly Huobi), HTX has grown into a comprehensive ecosystem of blockchain businesses including digital asset trading, financial derivatives, research, investment, and incubation. As a leading gateway to Web3, HTX offers safe and reliable services globally, adhering to the strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance.” HTX remains committed to providing quality services and value to virtual asset enthusiasts around the world.
https://blocktelegraph.io/simple-to-join-hard-to-miss-htx-launches-earn-as-you-borrow-week-for-traders-to-capture-market-opportunities-at-lower-cost-2/

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Saylor Hints Bitcoin Buy Goldman Sachs Predicts More Rate Cuts

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**Michael Saylor’s Strategy May Be Preparing Another Bitcoin Purchase as Goldman Sachs Forecasts Interest Rate Cuts by Mid-2026**

Michael Saylor’s investment firm, MicroStrategy, may be gearing up for another Bitcoin acquisition amid forecasts of a wave of interest rate cuts by mid-2026, according to Goldman Sachs. The Strategy founder’s latest social media post, captioned “Best continue,” has sparked fresh speculation of renewed accumulation, coinciding with the investment bank’s expectation that monetary easing could begin as early as December this year.

### Saylor’s Post Sparks Speculation of Fresh Bitcoin Accumulation

MicroStrategy currently holds approximately 641,205 BTC, which is valued at around $65.45 billion. With an average purchase price of $74,064 per Bitcoin, the firm is sitting on roughly $18 billion in unrealized gains.

The chart shared by Saylor highlights 85 separate Bitcoin purchases over time. Notably, last week the company increased its holdings with a $21 million purchase, which immediately reignited speculation that another buying phase may be underway. This move follows Saylor’s direct call to acquire more Bitcoin as the leading cryptocurrency trades near $101,000.

Each orange marker on Saylor’s graph represents a Bitcoin purchase, even during the significant downturns experienced in 2022. This consistent buying strategy has effectively lowered the firm’s cost basis, positioning MicroStrategy as one of the strongest long-term corporate holders of Bitcoin.

### Goldman Sachs Sees Three More Fed Rate Cuts

At the same time, Goldman Sachs is predicting a major shift in U.S. monetary policy that could further support Bitcoin’s next upward move. David Mericle, Goldman’s chief U.S. economist, stated that the Federal Reserve is likely to cut interest rates three times between December 2025 and June 2026. These cuts could reduce the federal funds rate to between 3% and 3.25%.

This outlook contrasts with the cautious optimism expressed by Fed Chair Jerome Powell, who has indicated that while inflation is declining and the labor market is weakening, rate cuts are unlikely to happen this year. Despite Powell’s cautious stance, Goldman Sachs analysts believe there are still compelling reasons for additional easing.

Generally, reductions in interest rates increase liquidity and risk appetite in financial markets, conditions typically viewed as bullish for cryptocurrencies. Lower interest rates and declining bond yields often encourage more investors to allocate funds toward assets like Bitcoin.

### Current Bitcoin Market Status

Bitcoin is currently trading at approximately $103,352, reflecting a 1.04% increase over the last 24 hours, according to TradingView data.

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This combination of MicroStrategy’s consistent Bitcoin buying and Goldman Sachs’ forecast of future interest rate cuts suggests a favorable environment for the leading cryptocurrency in the coming years.
https://bitcoinethereumnews.com/bitcoin/saylor-hints-bitcoin-buy-goldman-sachs-predicts-more-rate-cuts/

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Analysts Warn Bitcoin Could Slide Further if AI Stocks Correct Sharply

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The cryptocurrency market is wobbling under the weight of broader investor unease. This time, the pressure isn’t coming from regulation or monetary policy, but from Wall Street’s obsession with artificial intelligence.

According to Jeff Mei, Chief Operating Officer at BTSE, the latest retreat across digital assets can be traced back to mounting concerns that AI-linked tech giants have become dangerously overvalued. “If enthusiasm around AI stocks collapses,” Mei warned, “that same sentiment will ripple into crypto. The two markets are feeding off each other.”

### A Tired Market Looking for Direction

Behind the scenes, analysts say crypto has been drifting without a clear catalyst to revive bullish momentum. SignalPlus partner Augustine Fan noted that investors are hesitant to take large positions while global regulators tighten scrutiny and cybersecurity risks grow.

“The market is waiting for something new to believe in,” Fan said. “Right now, there’s no fresh narrative strong enough to bring big institutional money back.”

After months of strong gains earlier this year, many traders have shifted to caution—an attitude reflected in subdued volumes and thinning liquidity across exchanges.

### From Euphoria to Exhaustion

In early October, crypto markets were at their most euphoric point in years. Total capitalization briefly touched $4.4 trillion, setting a new record. But by November, nearly a fifth of that value had evaporated, wiping away much of the year’s progress.

The slide was amplified by a mass liquidation wave that erased about $19 billion in leveraged positions. This forced traders to dump holdings at a loss, deepening the panic.

For many, it was an unpleasant reminder of how quickly exuberance can unravel in an industry still prone to violent swings.

### Technical Breakdown Adds to the Anxiety

Bitcoin, the market’s anchor, offered little comfort. After months of steady performance, it finally slipped beneath its 200-day moving average—a chart line many investors view as a measure of long-term strength.

This is the first break below that level since the 2022 bear market and has rekindled old fears that the current correction might evolve into something more prolonged.

Traders who once cheered Bitcoin’s resilience are now watching closely to see if it can reclaim that critical support.

### The Bigger Picture

The situation underscores how intertwined risk markets have become. AI stocks—once the symbol of unstoppable innovation—now represent the same speculative fever that once defined crypto itself.

If tech valuations continue to cool, the pressure on digital assets could intensify, dragging the market into another defensive phase.

Still, some long-term investors remain calm, calling the decline a “healthy reset” after months of rapid growth.

For now, however, sentiment has shifted from greed to caution, and Bitcoin’s next move may depend as much on Silicon Valley’s fortunes as its own.

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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.*

*Coindoo agencies*
https://coindoo.com/analysts-warn-bitcoin-could-slide-further-if-ai-stocks-correct-sharply/

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Stablecoins Emerge as a New Force in Monetary Policy, Fed Official Says

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**Fintech: Digital Dollars and the Changing Landscape of Interest Rate Equilibrium**

A new concern has emerged within the Federal Reserve: digital dollars may be quietly rewriting the rules of interest rate equilibrium. Federal Reserve Governor Stephen Miran believes that the growing use of stablecoins—digital tokens backed one-to-one by traditional reserves—could gradually drag down the economy’s neutral interest rate, known as “R-star.” This is the theoretical rate where monetary policy neither speeds up nor slows down economic growth.

### Liquidity Surge From Digital Money

Speaking in New York on Friday, Miran described a scenario in which expanding stablecoin circulation adds fresh liquidity to the financial system. Each token issued is backed by a pool of safe assets such as cash and Treasury bills, effectively increasing the amount of loanable funds in the economy.

“When you inject that kind of capital supply into markets, the long-run balance between savings and investment starts to shift,” he noted. “That equilibrium change naturally pulls R-star lower.”

In simpler terms, the Fed governor argues that the more stablecoins there are, the more downward pressure builds on interest rates. This structural shift could require the central bank to operate with a permanently lower policy rate to avoid economic strain.

### A Call for Aggressive Rate Cuts

Miran, appointed by President Donald Trump, has repeatedly pushed for faster rate reductions. He insists that the Fed’s current policy stance is too tight for an economy operating below its neutral threshold.

His argument connects recent changes in trade, tariffs, and immigration policy to a decline in the underlying rate of equilibrium. “If the central bank doesn’t adjust,” he has warned, “it risks unintentionally tightening into weakness.”

To address this, Miran has proposed a sequence of half-point cuts to realign borrowing costs with the lower R-star he envisions.

### Stablecoins’ Expanding Role in U.S. Finance

Under recent U.S. legislation, stablecoin issuers must back tokens entirely with cash and Treasury securities. That linkage, Miran explained, amplifies Treasury demand as digital assets proliferate.

While the stablecoin sector remains small relative to the broader bond market, its expansion could subtly influence both liquidity conditions and the Fed’s long-term rate-setting process.

For now, stablecoins constitute only a fraction of the overall money supply, but in Miran’s view, they represent a structural change that the Federal Reserve can no longer afford to overlook.

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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

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**About the Author**

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets.

His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content.

Follow his publications to stay up-to-date with the most important trends and topics.

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**Related Stories**
https://bitcoinethereumnews.com/finance/stablecoins-emerge-as-a-new-force-in-monetary-policy-fed-official-says/

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Changpeng Zhao Pardon: ‘I Met Eric Trump Once, That’s It,’ Says CZ

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**Former Binance CEO Changpeng Zhao Responds to Trump Pardon Controversy**

Former Binance CEO Changpeng Zhao (CZ) has addressed the recent controversy surrounding his pardon by former President Donald Trump. In an exclusive interview with Fox News, CZ revealed that the pardon came as a surprise and stressed that there was no negotiation, deal, or business connection with Trump or his family.

CZ explained that he had met Eric Trump only once at a Bitcoin conference in Abu Dhabi. However, the meeting was brief and unrelated to Binance or any discussions about the pardon.

### Acknowledging Past Legal Issues

During the interview, CZ openly acknowledged his past legal troubles. In 2023, he pleaded guilty to failing to ensure proper compliance measures at Binance, resulting in a four-month prison sentence. He emphasized that taking responsibility for these issues was crucial to moving forward.

With the case now behind him, CZ expressed his desire to focus on helping the United States build a stronger cryptocurrency industry. He noted that regulations are becoming clearer and believes cryptocurrency has evolved from a niche topic to a central part of global finance.

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### Trump: “I Don’t Know Who He Is”

When asked about the decision to grant the pardon, Donald Trump stated that he barely knows who Changpeng Zhao is. He insisted the pardon was not based on any personal relationship.

Trump highlighted his goal for the United States to lead in crypto innovation, pointing out that other nations like China and Japan are advancing rapidly in this sector. He also claimed that the previous administration treated CZ unfairly and stressed the importance of supporting crypto growth to maintain U.S. competitiveness.

Although Trump admitted that his sons are more involved in cryptocurrency than he is, he acknowledged the industry’s significance. He warned that if the U.S. fails to encourage crypto development, the industry will simply move overseas.

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### Congressional Inquiry into the Pardon

The pardon has sparked a formal congressional inquiry. Representative Robert Garcia has requested documents and communication records from the White House concerning CZ, Binance, and the Trump family.

Garcia’s concerns stem from media reports suggesting that Binance once promoted a stablecoin linked to the Trump family and allegedly encouraged a UAE investor to use it while considering investing in Binance.

Calling for full transparency, Garcia has asked that all related records be submitted by November 20, 2025. Lawmakers are investigating whether business connections influenced the pardon, despite denials from both CZ and Trump.

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### Crypto’s Growing Role in Global Politics and Finance

Analysts suggest the focus should move beyond whether a deal existed between CZ and Trump. The key takeaway is that cryptocurrency has entered mainstream politics and global finance.

Leading figures in the crypto industry are now meeting with world leaders, attending major summits, and shaping national policies. This represents a turning point where cryptocurrency is no longer viewed as an outsider sector but as a recognized force influencing the future of global economies and governance.

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**FAQs**

*(Include relevant FAQs about the pardon, CZ’s legal history, and the implications for the crypto industry.)*
https://coinpedia.org/news/changpeng-zhao-pardon-i-met-eric-trump-once-thats-it-says-cz/