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The White House carefully considered Binance founder Changpeng Zhao’s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt.Trump defended the pardon in an interview with CBS News’ 60 Minutes on Sunday, saying he had “no idea” who Zhao is and dismissing criticism of his pardon as politically motivated. Leavitt said in a briefing on Tuesday that Trump’s comments on Zhao in the interview were meant to convey that “he does not know him personally” and that the president “does not have a personal relationship with this…

The team behind decentralized finance (DeFi) protocol Balancer published a preliminary post-mortem report on Wednesday, detailing the cause of the exploit that siphoned $116 million across DeFi markets.Balancer was hit by a sophisticated code exploit on Monday that affected Balancer v2 Stable Pools and Composable Stable v5 pools, while all other pool types remained unaffected, according to the report.The hacker used a combination of BatchSwaps, which allow the user to bundle multiple actions in a single transaction, including flashloans — short-term loans borrowed and repaid within the same transaction — and an exploit of the upscale rounding function that affects…

Top Ethereum protocols, including Aave, Uniswap, and Lido, launched a global advocacy group focused on crypto policy. Summary Seven top Ethereum protocols have launched a global policy advocacy group Aave, Aragon, Curve, Lido, Spark, The Graph, and Uniswap joined The group will focus on pushing pro-crypto regulation As crypto adoption accelerates, regulators around the world race to catch up. For this reason, major Ethereum ecosystem players are starting a joint advocacy effort. On Wednesday, Nov. 5, seven key infrastructure builders announced the Ethereum Protocol Advocacy Alliance to advance global policy change. The protocols involved include some of the most significant…

The crypto market faced a violent downturn, with Ethereum breaking below the $3,100 level while Bitcoin lost the critical $100,000 mark, triggering widespread liquidation and fear-driven selling. Panic quickly rippled across the market, and sentiment flipped sharply bearish as traders rushed to reduce exposure, price targets vanished from social media, and risk assets saw a cascade of exits. In moments like these, emotions often outweigh fundamentals — and this week was a clear reminder of that dynamic. Related Reading However, even in periods of sharp fear, not all market participants behave the same. Some notable players have begun shifting their…

Key takeawaysToken burns are a key part of many projects’ tokenomics. They permanently remove coins from circulation, but supply cuts alone don’t guarantee price gains.Burns work best when supported by strong fundamentals, meaningful burn volume and rising demand.Market trends, investor sentiment and burn transparency all shape price impact.Tokens with high burn rates, like Shiba Inu, haven’t seen matching price growth because demand didn’t rise with reduced supply.BNB shows that consistent, revenue-backed burns and strong ecosystem activity can drive lasting deflationary pressure.Imagine you own a restaurant and decide to remove 20% of your menu every week. Does that make the restaurant…

Blockchain payments company Ripple has been valued at $40 billion following new equity investments from Citadel Securities and Fortress Investment Group, underscoring the growing appeal of blockchain technology among mainstream financial institutions.According to a Financial Times report on Wednesday, Ripple raised $500 million from several investors in its latest funding round, which cemented the lofty valuation. The deal signals a broader shift as established Wall Street firms move to gain exposure to the digital payments and blockchain sector despite ongoing market pressures. Other investors included hedge fund Brevan Howard and crypto-focused venture capital companies Pantera and Galaxy Digital. While Ripple’s technology leverages…

Future Holdings, a Switzerland-based Bitcoin treasury and custody company, has raised 28 million Swiss francs (about $34.5 million) in a strategic round anchored by Fulgur Ventures, Nakamoto and Tobam, the company announced on Tuesday. Branding itself as “Switzerland’s premier Bitcoin treasury company,” Future said in a news release that it will provide multisignature custody, treasury tools and advisory services for companies seeking to hold Bitcoin (BTC) on their balance sheets. The company said it combines treasury operations, research and wallet infrastructure to help institutions manage and account for Bitcoin exposure within traditional corporate structures. “This round brings together leading venture investors who share…

Opinion by: Da Hongfei, founder of NeoDecentralized, permissionless and transparent. These are the principles that attracted many of us to the blockchain ecosystem. This vision is still being undermined, however, by an insidious, often invisible force: maximal extractable value (MEV).MEV isn’t inevitable; it’s a choice. Too many treat it as an unavoidable byproduct of blockchains. It is not. MEV is engineered into incentives, and it can be engineered out. Left unchecked, it becomes a hidden tax, a form of censorship, and a direct assault on fairness and decentralization.Tolerating it drains user trust and deters adoption. Eliminating it, by contrast, protects…

Ethereum is facing mounting pressure as investors continue to pull funds from Ethereum ETFs amid market pullback. Summary Ethereum ETFs saw $219.37 million in outflows, marking the fifth straight day of redemptions. BlackRock’s ETHA led the exit with $111.08 million, followed by Grayscale’s ETH with $68.64 million. Ethereum price trades at $3,300, with a 33.8% rise in trading volume signaling renewed interest. Ethereum ETFs have now recorded five consecutive days of outflows, highlighting a persistent wave of investor pessimism amid worsening market sentiment. According to data from SoSoValue, over $219.37 million was withdrawn from Ethereum-based exchange-traded funds in the past…

The non-fungible token (NFT) market has lost nearly half its value in the past 30 days, even as trading activity picked up in October.CoinGecko data shows that the global NFT market capitalization plunged from about $6.6 billion on Oct. 5 to $3.5 billion on Wednesday, a 45% drop in just 30 days. The slump comes despite a sales count increase in October that briefly lifted blue-chip floor prices. CryptoSlam data shows NFTs recorded a sales count of around $631 million in October, a 13% increase from September’s $556 million. Bitcoin and Base NFTs demonstrated resilience over the last 30 days, with…