Crypto Today: Binance’s CZ Pardoned by Trump, Revolut Secures MiCA License, and Bitcoin Miner Debt Soars Amid AI Mining Boom

Binance founder Changpeng “CZ” Zhao has been pardoned by former US President Donald Trump, potentially paving the way for his return to the crypto exchange after pleading guilty to AML program violations and serving a prison sentence. Meanwhile, Revolut has obtained a MiCA license from the Cyprus Securities and Exchange Commission, granting it the ability to offer regulated crypto services across the European Economic Area and prepare to launch its enhanced Crypto 2.0 platform. On the mining front, Bitcoin miners’ debt has surged by 500% over the past year, climbing from $2.1 billion to $12.7 billion as mining firms ramp up investments to keep pace with rising demand fueled by artificial intelligence and crypto mining. This debt increase reflects the growing challenge miners face to maintain their share of Bitcoin’s global hashrate and profitability in a shifting market. For more details, visit: https://cointelegraph.com/news/what-happened-in-crypto-today

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