A presidential pardon lifts BNB as hacks hit $2.8B

The mix of political intervention and security advances is reshaping crypto risk and trust.

Jamie Sullivan

Key Highlights

  • BNB rose nearly 5% following news of a presidential pardon for Binance’s founder.
  • A United Nations team estimated $2.8 billion stolen in North Korea‑linked crypto hacks since 2024.
  • A market analyst projected a $175,000 Bitcoin price amid improving U.S. regulatory signals.

On r/CryptoCurrency today, politics moved prices, security took center stage, and sentiment swung from caution to comedy. A few high-impact headlines sparked heated debate while builders quietly pushed new tech to change the system’s trajectory.

Policy shockwaves and political branding hit price and trust

Markets jolted after the headline-grabbing presidential pardon of Binance founder CZ, with traders immediately tracking a BNB price pop on the news. The conversation quickly broadened from price action to governance and influence, as community members probed potential financial ties and questioned the fairness of market-moving political decisions.

"Earlier this year: The United Arab Emirates' state-owned investment fund MGX invested $2B in Binance using one of World Liberty Financial's coins owned by Trump's family." - u/dmitryaus (122 points)

That political halo extended into meme-coin legal drama tied to public figures, raising hard questions about branding, disclosure, and investor protection. At the same time, optimism resurfaced through an analyst’s $175K Bitcoin projection amid improving U.S. regulatory signals, though seasoned posters reminded readers that predictions rarely beat reality.

"Enough with these analysts talks... they don't know anything just like the rest of us." - u/DryMyBottom (17 points)

Security reality check: billion-dollar heists vs new defenses and scaling

A sobering data point underscored crypto’s attack surface, with a UN team estimating $2.8B stolen in North Korea-linked hacks since 2024. In response, builders are advancing hardware-rooted verification, as Ledger’s new “Proof of Identity” approach pitches cryptographic checks to blunt deepfakes and eliminate single points of failure.

"Not touching anything coming out of Ledger. They've proven time and time again they don't care about their users." - u/epic_trader (13 points)

Security isn’t only defense — it’s throughput. A research drop showcased Brevis’s Pico Prism zkVM for near real-time proving of Ethereum blocks, suggesting cheaper, faster verification pathways that could shift nodes from full re-execution to proof checks and unlock higher-scale rollups.

"That’s a big step for Ethereum scalability... faster rollups, lower latency, and cheaper on-chain verification." - u/SolidityScan (2 points)

Sentiment whiplash: whales, regret, and the culture of crypto

Trading signals and psychology took the spotlight when an “insider whale” reportedly closed BTC shorts, prompting speculation about reflexive pumps as followers chase on-chain breadcrumbs. Zooming out, a national survey highlighted that many young Australians regret ignoring Bitcoin years ago, a reminder that conviction and literacy matter more than hindsight.

If you need a mirror of the mood, the community even laughed at itself with a tongue-in-cheek “Crypto Trader” Halloween costume — complete with the essentials it “doesn’t include”: grass, fiat, and sleep. Between pump-chasing and self-parody, the day’s threads captured a market negotiating its political catalysts, hardened security posture, and enduring human impulses.

Every subreddit has human stories worth sharing. - Jamie Sullivan

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