Key Market Information Discrepancy on October 24th - A Must-See! | Alpha Morning Report
Top News
1.Trump Pardons Binance Founder Changpeng Zhao
2.BNB Temporarily Surges 5.5% Following "Trump Pardons CZ" News, Bitcoin Reclaims $110,000
4.US Stock Market Opens with Tesla Down Over 5%, Ethereum Treasury (DAT) Companies See Broad Gains
Articles & Threads
1. "180 Days Before Zhao Changpeng's Pardon"
In the dead of night on October 23, 2025, Chinese crypto billionaire Zhao Changpeng was announced to have received a presidential pardon from US President Trump. According to public information, President Trump had previously expressed sympathy to advisors regarding Zhao Changpeng's claim of facing "US political persecution." However, just a year earlier, on April 30, 2024, Zhao Changpeng was going through the darkest moment of his life.
2. "Key Signals from the Latest Fed Fintech Meeting?"
On October 21 in Washington, D.C., the meeting room at the Federal Reserve headquarters was full of people who a few years ago were seen as troublemakers for the financial system. The founder of Chainlink, the CEO of Circle, the CFO of Coinbase, the COO of BlackRock, along with Federal Reserve Governor Christopher Waller sat face to face discussing stablecoins, tokenization, and AI payments.
Market Data
Daily Market Overall Funding Heatmap (as reflected by Funding Rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate

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The first large-scale adoption of a "yield-bearing stablecoin" was in China
Market Update — December 31
From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."
Lighter Token Distribution Sparks Controversy, Zama Launches USDT Private Transfers, What is the Overseas Crypto Community Talking About Today?
Can't Beat the Stock Market, Can't Outdo Precious Metals, Is Crypto Really Becoming the Bull Market for "Outsiders"?
Why Did the Prediction Market Take Nearly 40 Years to Explode?
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