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Changpeng Zhao, the founder and former CEO of Binance, has confirmed that he has formally applied for a presidential pardon, weeks after initially denying reports of such a move. Speaking on the Farokh Radio podcast aired May 6, Zhao said his legal team filed the request following widespread media speculation. “I got lawyers applying,” Zhao…

Leaders of the Group of Seven (G7) are expected to raise the issue of North Korea’s growing cyberattacks and cryptocurrency thefts at their upcoming summit in Canada next month, according to sources familiar with the agenda. While global conflicts in Ukraine and Gaza are anticipated to dominate the discussions, Bloomberg reported on May 7 that…

Bitcoin mining company Core Scientific Inc. reported a first-quarter net profit of $580 million for 2025, a sharp increase from $210 million a year earlier. However, the firm missed revenue expectations, as income dropped amid declining mining yields and a shift in business strategy. According to the company’s May 7 earnings release, total revenue for…

Movement Labs, the team behind the Movement blockchain network, has severed all ties with co-founder Rushi Manche amid mounting concerns over opaque token arrangements involving the project’s MOVE token. The announcement was made early Tuesday on the company’s official X account, stating unequivocally that Manche’s employment and affiliations had been terminated “effective immediately.” The firm…

Arizona Governor Katie Hobbs has signed House Bill 2749, which allows the state to establish a reserve fund that holds unclaimed digital assets, airdrops, and staking rewards. The approval comes days after Governor Katie Hobbs vetoed another crypto bill – the Arizona Strategic Bitcoin Reserve Act (S.B. 1025). This legislation would have allowed the state…

BTC Inc’s CEO David Bailey, a prominent crypto advisor to President Donald Trump, is moving to launch a publicly-traded Bitcoin investment company. According to CNBC, Bailey has already secured $300m in funding for the venture, while The Information reported that he is still seeking the funds through private equity and convertible debt. This funding package…

Constellation Energy resumes its uptrend after completing wave IV. Bullish Elliott Wave structure points toward a strong wave V rally. Constellation Energy Corporation (CEG) has completed a textbook Elliott Wave correction and appears to have resumed its bullish trend. The stock experienced a powerful advance from mid-2022, which unfolded in five clear waves, completing a higher-degree…

The US Office of the Comptroller of the Currency (OCC) has shifted its stance on crypto in banking, allowing banks to buy and sell cryptocurrency held in custody at the direction of their customers. This marks a departure from earlier resistance and comes as part of an updated policy to facilitate banks’ involvement in crypto-asset…

Robinhood is developing a blockchain-based platform that will allow retail investors in Europe to trade US securities, including stocks. Bloomberg reported Wednesday that the initiative will likely be launched in partnership with a digital-asset firm. Both Arbitrum, a blockchain overlaid on Ethereum, and Solana have been under consideration for the collaboration, though discussions are still…

The current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wave (W), followed by a rally to 65.07,…