Crypto Roundup: Binance’s CZ Pardoned by Trump, Revolut Gains Europe-Wide Crypto License, and Bitcoin Miner Debt Skyrockets Amid AI Boom

Today in crypto, major developments are shaking up the industry. Binance founder Changpeng “CZ” Zhao received a presidential pardon from former US President Donald Trump, following his guilty plea for Anti-Money Laundering violations and a four-month prison sentence. This pardon clears the path for CZ’s potential return to Binance and marks a significant moment for the crypto community. Meanwhile, Revolut has secured a MiCA license from the Cyprus Securities and Exchange Commission, enabling the fintech giant to offer regulated crypto services across all 30 European Economic Area markets. This milestone supports Revolut’s planned launch of its next-generation crypto platform, Crypto 2.0, which will offer extensive token access, high-yield staking, and zero-fee stablecoin conversions. On the mining front, Bitcoin miners are dramatically increasing their debt—up 500% in the past year—as they invest heavily to stay competitive amid growing demand from AI and crypto mining. With the recent Bitcoin halving reducing mining rewards, miners are also diversifying income by offering AI and HPC hosting services and finding new ways to monetize excess electrical capacity. These developments collectively signal a market adapting rapidly to regulatory, technological, and economic shifts. For the full story, visit: https://cointelegraph.com/news/what-happened-in-crypto-today

Leave a Comment

Your email address will not be published. Required fields are marked *