Crypto Market Update: Binance Eyes U.S. Re-Entry Following Trump’s Pardon of Founder
October 27, 2025 | By Giann Liguid & Meagen Seatter
Binance, the world’s largest cryptocurrency exchange by trading volume, is reportedly exploring a return to the U.S. market after a significant development cleared the way for the company’s expansion. This news comes on the heels of former President Donald Trump’s pardon of Binance founder Changpeng Zhao (commonly known as CZ), who was convicted in 2023 for failing to maintain adequate anti-money laundering controls.
Binance’s Potential U.S. Comeback
According to Bloomberg, Binance is actively weighing strategic options for its U.S. presence, including consolidating its American affiliate or enabling direct access to its platform for U.S. investors. The pardon effectively restores Zhao’s ability to lead financial ventures without the legal hindrances stemming from his conviction.
Hours after the announcement, Zhao shared his ambitions to position the United States as the “Capital of Crypto,” signaling Binance’s plans to expand its influence in the growing Web3 ecosystem globally. Reflecting market optimism following the news, Binance’s native token, BNB, surged 8 percent.
Currently, Binance manages a blockchain ecosystem holding approximately $8.7 billion in assets, making it the third largest by assets under management, trailing behind Ethereum and Solana.
Market Snapshot: Bitcoin and Ether See Gains
As of 9:00 a.m. UTC on Monday, October 27, 2025, major cryptocurrencies trended upwards amid speculation of an upcoming U.S. Federal Reserve interest rate cut, which has encouraged investor optimism.
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Bitcoin (BTC) traded at $115,014, marking a 0.9% increase over 24 hours. It reached a two-week high by surpassing $115,600 and climbed above its 50-day exponential moving average of $114,176, signaling a potential sustained rally. Notable trader Ted Pillows highlighted on social media platform X that Bitcoin has firmly reclaimed the $114,000 support level, with $118,000 identified as the next critical resistance point. A new all-time high could materialize within one to two weeks if momentum persists.
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Ether (ETH) rose 1.5% to $4,167.45, with a daily range between $4,053.35 and $4,246.23, maintaining positive investor sentiment alongside Bitcoin.
Among altcoins, Solana (SOL) remained flat near $200, and XRP experienced a slight drop of 0.7%, trading at approximately $2.62. —
Market Sentiment and Derivatives Overview
Despite recent price gains, derivatives data indicates caution among traders:
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Approximately $6.42 million worth of Bitcoin contracts were liquidated in the last four hours, predominantly long positions, indicating short-term selling pressure.
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Ether’s liquidations totaled $15.55 million, with a near-even split between long and short positions.
Futures open interest slightly declined for Bitcoin (down 0.50% to $75.51 billion) and Ether (down 0.57% to $49.89 billion), suggesting modest repositioning in the market or increased altcoin activity.
The perpetual funding rates for Bitcoin and Ether remain mildly positive (0.008 and 0.009, respectively), pointing to a slight long bias.
Bitcoin’s relative strength index (RSI) stands at 54.84, reflecting a neutral to moderately bullish momentum with room for further price increases before reaching overbought conditions.
Additional Market Highlights
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Japan Launches First Regulated Yen-Pegged Stablecoin: JPYC unveiled Japan’s first government-regulated stablecoin aligned with the Payment Services Act. Fully backed by reserves in yen deposits and government bonds, JPYC plans to issue up to 10 trillion yen (approximately $67 billion) over three years. The initiative underscores consumer protection and financial stability, taking lessons from the 2022 TerraUSD collapse. JPYC offers zero-fee issuance, redemption, and transfers within set regulatory limits.
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American Bitcoin Expands Bitcoin Holdings: American Bitcoin (ABTC) increased its strategic Bitcoin reserves to 3,865 BTC following acquisitions through open-market purchases and in-house mining. This growth raises the company’s Satoshis per Share (SPS) to 418—a 52% jump since September 1—providing ABTC competitive advantages by securing Bitcoin at reduced costs compared to external sources.
What’s Next?
The market will be closely watching the upcoming Federal Reserve meeting for confirmation of interest rate cut expectations, which could further fuel bullish momentum across Bitcoin, Ether, and broader crypto assets. Binance’s potential U.S. re-entry also promises increased activity and innovation within the American cryptocurrency landscape, contingent on regulatory clarity and market reception.
For continuous updates on these developments and further insights into the blockchain market, follow @INN_Technology.
Disclosure: Neither Giann Liguid nor Meagen Seatter holds direct investment interests in any companies mentioned in this article.
About the Authors
Giann Liguid is a writer with a background in Interdisciplinary Studies from Ateneo De Manila University. He has contributed to sectors spanning security, food, business, and public administration. When not analyzing market trends, you can find him thrift shopping for his dogs.
Meagen Seatter works as an Investment Market Content Specialist with a diverse background in marketing, psychology, and anthropology. Based in Vancouver, she enjoys writing about life sciences, cannabis, tech, and psychedelics markets alongside her hobbies of gardening, cooking, and traveling.