4️⃣ CZ Pardoned, New Cold Wallets, Market Structure Bill

Good Afternoon,

Without further ado, let’s get right to it! President Trump has officially pardoned Binance founder CZ, sparking renewed debate across the industry. Meanwhile, Ledger and Trezor are rolling out next-gen hardware wallets to counter rising theft and tackle AI-era security, and Senate crypto talks reveal both bipartisan support and deep divides over the future of digital asset regulation.

More details and other news below!

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News Roundup

Artificial Intelligence

• Reddit Sues Perplexity AI Over ‘Industrial-Scale’ Data Scraping (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Propy Launches $100M U.S. Expansion to Digitize the $25B Title Industry (CoinDesk)

• Hyperliquid Strategies Files for $1B Public Offering, Eyes HYPE Token Purchases (SEC)

• Paxos CEO Spins $300T Stablecoin Blunder as ‘Transparency Win’ for Blockchain (Decrypt)

• Cathie Wood’s ARK Invest Buys $21M in Robinhood Shares (The Block)

• As Inflation Soars, Latin America Turns to Stablecoins Over Banks (Cointelegraph)

• Revolut Secures MiCA License, Set to Expand Crypto Services Across Europe (DL News)

• TeleFi Aims to Disrupt Telecom Like DeFi Did Finance (Cointelegraph)

• DeFi Protocols Spent Record $800M on ‘Broken’ Buyback Programs, Keyrock Finds (DL News)

• Genius Group Offers $0.10 Bitcoin Loyalty Bonus for Shareholders in Book Entry (Globe Newswire)

• Aave Labs Acquires Stable Finance Team to Build Next-Gen Consumer DeFi Apps (The Block)

• Trust Wallet Launches Perpetuals Trading With Up to 100x Leverage via Aster DEX (Trust Wallet)

• DraftKings Selects Polymarket as Clearinghouse for New Prediction Market App (The Defiant)

• Fidelity Crypto Adds Solana Support, Expanding Beyond Bitcoin, Ethereum, and Litecoin (The Block)

Exchanges

• Bunni DEX Shuts Down After $8.4M Exploit, Cites Lack of Funds for Relaunch (The Block)

• WazirX to Resume Trading After 16-Month Hiatus Following $230M Hack (The Block)

• Aster Launches ‘Rocket Launch’ to Boost Early-Stage Crypto Projects with $200K Debut Campaign (Aster)

Exchange-Traded Funds

• U.S. spot Bitcoin ETFs recorded $101 million in net outflows on October 22.

• On October 22, U.S. spot Ethereum ETFs saw $18.77 million in total outflows.

• Bitcoin ETFs Enter 401(k)s: What Retirement Savers Should Know (Forbes)

Infrastructure

• Coinbase Launches Payments MCP to Bring Wallets, Onramps, and Stablecoin Payments to AI Agents (Coinbase)

• Berachain Unveils Preconfirmation System to Boost Transaction Speed 10x (Berachain)

• BNB Chain Messaging App ReachMe Shuts Down Operations Permanently (ReadMe)

• Neural Internet Builds Verifiable Compute Network on Bittensor’s TAO (TAO Daily)

• Kalshi Partners With RedStone to Bring Real-World Events On-Chain (The Defiant)

• Ledger Launches Nano Gen5 and Revamped Wallet App to Tackle AI-Era Security (The Block)

• Trezor Launches ‘Quantum-Ready’ Safe 7 Wallet Amid Rising Crypto Theft (Decrypt)

• MegaETH Confirms MiCA-Compliant Whitepaper, Details Tokenomics and Sequencer Model (The Block)

• Fireblocks Acquires Dynamic to Expand From Institutional Custody to Consumer Crypto Apps (The Block)

Markets

• BNB Slips After Robinhood and Coinbase Add Trading Support (Decrypt)

• Turkey’s $200B Crypto Surge Driven by Speculation, Not Real Adoption: Chainalysis (Cointelegraph)

• Ethereum Whale Buys $32M in ETH as Solana and Bitcoin Whales Exit Positions (Decrypt)

• Bitcoin Stalls Below $110K as Options Open Interest Hits Record Levels (The Block)

• Robinhood Lists HYPE Token, Price Jumps 10% (Robinhood)

• Coinbase to List aPriori (APR) and Meteora (MET) for Spot Trading (Coinbase Markets)

Meme Coins

• Melania Trump, Javier Milei Named as ‘Props’ in Meme Coin Fraud Lawsuit (Decrypt)

Mining

• KuCoin Launches KuPool for Dogecoin, Litecoin, and Soon Bitcoin Mining (Decrypt)

Politics & Regulation

• Senate Democrats Signal Continued Support for Bipartisan Crypto Bill (CoinDesk)

• Senate Crypto Talks Expose Deep Divisions on Market Structure Bill (Decrypt)

• Canada Fines Cryptomus Record C$177 Million for Money-Laundering Violations (The Block)

• President Trump Pardons Binance Founder Changpeng “CZ” Zhao: Report (Cointelegraph)

• EU Bans Russian A7A5 Stablecoin, Targets Crypto Platforms in 19th Sanctions Package (Cointelegraph)

• Blockchain.com Wins MiCA License in Malta, Appoints Local Regulator to Lead EU Push (Cointelegraph)

• Nigel Farage Confirms Reform UK Is Now Accepting Crypto Donations (Reuters)

Token Generation Events

• Trump Team Wallets Among Top Recipients of $4.2M Meteora (MET) Airdrop, Arkham Reports (Arkham)

Treasuries

• ARK Invest-Backed Quantum Solutions Becomes Largest Ether Holder Outside the U.S. (Cointelegraph)

• Solana Company Expands Institutional Staking as Shares Plunge 96% (Decrypt)

Venture Capital

• Prediction Market Kalshi Draws $10B+ Valuation Offers from Investors (Bloomberg)

• Tether Backs $39M Series A for “Programmable” Pave Bank (The Block)

Other News

• Google’s Quantum Breakthrough Renews Fears for Bitcoin’s Future (Decrypt)

• Ex-RWA Executive Sues Over Alleged Exclusion From M⁰ Stablecoin Venture (Decrypt)

• Kraken Plans Caribbean Island Retreat Ahead of 2026 IPO (CoinDesk)

• Crypto Adoption in Australia Stalls as Trust Declines Despite Sweeping Reforms (Decrypt)

• Stanford’s Light-Powered Eye Chip Restores Sight to the Blind (Decrypt)

• Hyperliquid Labs Hiring Engineers for Singapore Expansion (Hyperliquid)

• CZ Criticizes Peter Schiff’s Tokenized Gold: ‘It’s Just a Trust-Me-Bro Token’ (CZ)

• Alt5 Sigma Suspends CEO Peter Tassiopoulos, Names CFO Jonathan Hugh as Interim Chief (CoinDesk)

Check This Out

Stablecoins facilitated roughly $46 trillion in transactions over the past year, nearly three times Visa’s volume and approaching the scale of the U.S. banking system’s ACH network.

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