U.S. President Trump pardoned Binance founder Changpeng Zhao on October 24, a decision he defended by alleging political persecution by the previous administration. The move has ignited debate over cryptocurrency regulatory policy and potential market effects. Binance Coin (BNB) was priced at $1,116.61 with a market capitalization of $155.41 billion on October 23, 2025, data show.

Bitcoin's Short-Term Holder Spent Output Profit Ratio (STH-SOPR) declined to 0.992, its weakest reading since late April, data show. The metric tracks profitability for holders owning coins under 155 days. A reading below 1.0 indicates these investors are realizing losses, reflecting heightened capitulation among newer market participants.

Synthetix dropped 9.3% over 24 hours, trailing the broader crypto market's 0.94% gain, according to CoinMarketCap. Trading volume declined nearly 30% as technical indicators displayed bearish structure following SNX's break below $1.32. On-chain data showed dormant token movement and profit-taking activity, raising questions about near-term recovery prospects.

Major Wall Street banks now expect the Federal Reserve to stop reducing its $6.6 trillion balance sheet this month. JPMorgan and Bank of America moved up their previous forecasts from December 2025 or early 2026 after funding costs surged and liquidity indicators tightened sharply.

Changpeng Zhao, founder of cryptocurrency exchange Binance, has been pardoned by President Donald Trump after serving nearly four months in prison for anti-money laundering violations. The decision has drawn criticism over potential conflicts of interest, with critics pointing to a $2 billion investment in a Trump-linked stablecoin by a fund connected to Binance. White House officials defended the pardon as correcting what they characterized as excessive regulatory enforcement by the previous administration.

Turkey has emerged as the largest cryptocurrency market in the Middle East and North Africa, processing nearly $200 billion in annual transactions, data show. The volume is nearly four times that of the UAE, which ranks second with $53 billion. Market composition has shifted as retail participation declined while institutional trading remained robust, with analysts noting increased speculative activity.

Fidelity Digital Assets introduced Solana trading and custody services across retail, institutional, and wealth management platforms on Thursday. SOL gained 5.15% following the announcement, trading near $191 with over $7 billion in 24-hour volume. Analysts identified key support at $170–$175 and resistance between $195–$200.

Stripe could access a market exceeding $350 billion by 2030 through expansion in AI-driven transactions and blockchain payment systems, according to JPMorgan analysts. The fintech company, valued at $107 billion, processed over $1.4 trillion in annual payment volume across 195 countries and turned profitable in 2024.