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Crypto industry executives and analysts are speculating whether Binance, the world’s largest crypto exchange by trading volume, will re-enter the United States following the pardon of Binance founder Changpeng “CZ” Zhao on Thursday.“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” CZ wrote in an X post after he received a pardon from US President Donald Trump.He also changed his X social media bio from “ex-Binance” to just “Binance” in recent days, adding more fuel to rumors of CZ’s return to Binance and the exchange’s prospects of staging a return to the…

Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy.The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels.JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth. The bank estimated that the launch of a Base token could represent a $12 billion to $34 billion market opportunity, with Coinbase’s retained share potentially worth…

Brad Garlinghouse recently outlined all significant acquisitions made by the company in recent years. Ripple has had a big year ever since 2024’s US presidential elections, when Donald Trump won his second victory to return to office in early 2025. Given his election campaign and the countless pro-crypto promises he made, including firing then-SEC Chair Gary Gensler, who led the war against the industry and Ripple in particular, it was evident that the winds would shift substantially, especially for US-based companies. The Brad Garlinghouse-led entity has been at the forefront of beneficieries, mostly since the tides at the SEC…

Kyrgyzstan is moving ahead with its national cryptocurrency strategy, launching a stablecoin and preparing for a public sector rollout of a central bank digital currency (CBDC),according to Binance co-founder and former CEO Changpeng Zhao (CZ).The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, Kyrgyzstan’s Som, and is registered in the State Register of Digital Assets. It differs from USDKG, a dollar-backed stablecoin backed by $500 million in gold reserves from the Kyrgyz Ministry of Finance planned to launch in Q3.At the same time, the country’s CBDC, the digital som, is now legally recognized and expected…

President Trump reportedly tapped Michael Selig to be the CFTC’s next Chair. The previous nominee, Brian Quintenz, was recently dropped after pressure from the Winklevoss twins.Selig has been an SEC employee and aide to Paul Atkins, so he could steer the two Commissions towards closer collaboration. However, it’s hard to make any further predictions about his ideas on policy.Selig for CFTC ChairIn recent months, things have been pretty chaotic at the CFTC. One of the US’s top financial regulators has been reduced to one Commissioner, with outgoing members warning of a “financial Wild West.” Sponsored SponsoredMeanwhile, the Acting Chair has…

Key points: ETF inflows and spot accumulation by retail and institutional investors highlight the belief that Bitcoin trades at a discount. Next week’s US macroeconomic calendar events should bring a resolution to a handful of fear catalysts that are suppressing prices across the crypto market. Bitcoin (BTC) traders spent a majority of the week in contention as sellers capped each price breakout at $112,000 and buyers stepped in to defend all dips to the $107,000 to $108,000 zone. Some analysts have expressed concern at BTC’s inability to hold prices above $112,000 and its frequent revisits to the range lows, but the range compression shown…

New Jersey, US State: “The global Software Supply Chain Security Platform market in the Information Technology and Telecom category is projected to reach USD 7.8 billion by 2031, growing at a CAGR of 14.1% from 2025 to 2031. With rising industrial adoption and continuous innovation in Information Technology and Telecom applications, the market is estimated to hit USD 2.5 billion in 2024, highlighting strong growth potential throughout the forecast period.”The global Software Supply Chain Security Platform market is poised for significant growth by 2031, driven by the increasing complexity of software ecosystems and the rising frequency of cyber threats targeting…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Author Julia Smith Author Julia Smith About Author Julia is an experienced writer with a passion for covering a wide variety of beats, especially those relating to policy, power and spectacle. She loves all things politics and regularly covers… Share Last updated:  October 24, 2025 FTX founder Sam Bankman-Fried’s (SBF) odds of being pardoned by U.S. President Donald Trump rose amongst Polymarket bettors on Thursday following news that he had granted clemency to Binance founder Changpeng ‘CZ’ Zhao, a poll on the decentralized prediction market shows.SBF Sees Pardon Odds Leap on PolymarketAccording to the poll labeled “Who will Trump pardon…

Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms which would grant them access to the Fed’s payment rails while keeping them away from a full Fed master account.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeFederal Reserve Governor Christopher Waller suggested this week that crypto companies could use a limited version of the Fed’s master account system, which would let these firms access U.S. payment rails while limiting their exposure to certain…