Investment products tied to digital assets recorded $921 million in net inflows last week, according to CoinShares. Bitcoin-focused funds led with $931 million, while Ethereum products saw their first weekly outflows in five weeks at $169 million. The surge follows softer U.S. inflation data released Friday, which renewed investor expectations for potential Federal Reserve rate cuts.

Binance founder Changpeng Zhao received a presidential pardon from U.S. President Donald Trump on October 21, 2025, for failing to maintain an effective anti-money laundering program. The pardon, confirmed by the U.S. Department of Justice's clemency register, follows Zhao's previous sentence of a $50 million fine and four months of imprisonment. Zhao plans to focus on his family office, YZi Labs, and advisory roles in the cryptocurrency sector.

Binance is evaluating strategic options to re-enter the US market following President Donald Trump's pardon of founder Changpeng Zhao on Wednesday. The exchange may consolidate its US affiliate into global operations or provide direct American investor access through its main platform, according to Bloomberg. BNB rose 8% on Thursday following the pardon announcement.

President Donald Trump granted a full pardon to Binance founder Changpeng Zhao on October 23, 2025, according to The Wall Street Journal. XRP declined over 2.5% in 24 hours to $2.18, erasing earlier weekly gains. Bitcoin is tracking its largest gain against gold since April 22, when the BTC/XAUT pair surged 11%.

Perpetual decentralized exchanges recorded $1.049 trillion in 30-day volume as of October 24, crossing the $1 trillion threshold for the first time, data show. On-chain open interest stands at $15.83 billion, down 12% over the same period. The surge followed major liquidations on October 10-11, when a tariff-driven selloff triggered what industry trackers described as the largest liquidation event in crypto history.

The European Union will ban the ruble-backed A7A5 stablecoin beginning November 25, 2025. The measure prohibits EU-based institutions and service providers from facilitating transactions involving the digital asset. The token, reportedly co-owned by Russia's state-run Promsvyazbank and sanctioned Moldovan businessman Ilan Shor, had processed over $68 billion in transactions by September 2025, according to the European Commission.

Tether CEO Paolo Ardoino told Bloomberg the company expects to generate $15 billion in profit during 2025 with a 99% margin. The stablecoin issuer is advancing regulatory discussions in the United States. The company has confirmed it will not pursue a public offering.

President Donald Trump plans to nominate Michael Selig for chair of the Commodity Futures Trading Commission, administration officials said. Selig serves as chief counsel of the SEC's crypto task force and senior adviser to SEC Chair Paul Atkins. The nomination comes after Trump withdrew Brian Quintenz's candidacy following opposition from crypto industry figures.