CZ Gets His Pardon, SBF Next?

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• Trump Grants Pardon to Binance Founder Changpeng Zhao

• Solana Treasury Firm Solmate's Stock Surges 50% Amid Plans for Validator Center and 'Aggressive M&A Strategy'

• Polymarket Bets That Sam Bankman-Fried Gets Pardon Surge to 12%

• Swiss Bank Sygnum to Launch Bitcoin-Backed Loan Platform With Multi-Sig Wallet Control

👍️ Trump Grants Pardon to Binance Founder Changpeng Zhao

After months of speculation, US President Donald Trump officially pardoned Binance founder Changpeng “CZ” Zhao.

• US President Donald Trump granted a full presidential pardon to Binance founder Changpeng “CZ” Zhao.

• The pardon follows Zhao’s 2023 guilty plea for Bank Secrecy Act violations and his four-month prison sentence served earlier this year.

• Speculation around the pardon intensified over the past few months after Zhao updated his social media bio and reports surfaced that Trump was considering the move.

📈 Solana Treasury Firm Solmate's Stock Surges 50% Amid Plans for Validator Center and 'Aggressive M&A Strategy'

Solmate Infrastructure shares jumped after the firm unveiled major progress on its Solana validator rollout.

• Nasdaq-listed Solmate Infrastructure (SLMT) surged after revealing progress on its Solana validator rollout, M&A plans, and PIPE financing update.

• The firm’s first bare metal validator—which is expected to be the first high-performance Solana machine in the Middle East—is assembled and undergoing configuration tests using SOL purchased at a discount.

• Solmate rebranded as a Solana-based digital asset treasury, backed by Ark Invest, the Solana Foundation, Pulsar Group, and RockawayX, and expects to file its amended PIPE registration statement with the SEC by Nov. 22.

👀 Polymarket Bets That Sam Bankman-Fried Gets Pardon Surge to 12%

Polymarket traders boosted the odds of a Trump pardon for FTX founder Sam Bankman-Fried.

• Polymarket traders assigned a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned by President Trump this year, following Changpeng “CZ” Zhao’s recent pardon.

• Over $6.5 million has been wagered in the “Who will Trump pardon in 2025” market, while related markets also show growing speculation about his early release.

• Despite the surge in betting odds, legal experts still say a pardon is very unlikely due to the fact that SBF’s 25-year fraud conviction is far more severe than CZ’s AML violation.

🏦 Swiss Bank Sygnum to Launch Bitcoin-Backed Loan Platform With Multi-Sig Wallet Control

Sygnum Bank and Debifi are launching MultiSYG, the first bank-backed Bitcoin loan platform that lets borrowers retain full control of their BTC.

• Swiss digital asset bank Sygnum Bank partnered with Bitcoin lending startup Debifi to launch MultiSYG, a bank-backed loan platform allowing users to retain full control of their BTC collateral.

• The platform is set to launch in the first half of 2026, and will cater to institutional and high-net-worth clients looking for non-rehypothecated, bank-grade lending services.

• The collaboration reflects the growing institutional demand for secure, decentralized digital asset lending, moving away from the centralized models that failed during the last crypto lending cycle.

👀 QUICK NEWS

• US Energy Secretary Floats Faster Direct Grid Access for AI and Crypto Miners

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• JPMorgan Says Bitcoin Miners are Decoupling from the Bitcoin Price as They Pivot to AI

• DeFi Perps Volume Explodes Past $1T in Record Month so Far

• U.S. In ‘Excellent Position’ To Pass Crypto Market Structure Legislation This Year, David Sacks Says

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