CZ begins Trump pardon application process
- Former Binance CEO Changpeng “CZ” Zhao revealed he has started seeking a presidential pardon from President Donald Trump after completing his four-month prison sentence for money laundering charges.
- In speaking with Farokh Sarmad of Rug Radio, Zhao dismis
Coinbase buys Deribit, Armstrong says ‘no’ to Saylor’s strategy
- Coinbase CFO Alesia Haas disclosed during the first quarter 2025 earnings call that the company purchased $150 million in cryptocurrency, “predominantly bitcoin.”
- During a Q&A session on X, Haas and CEO Brian Armstrong explained that Coinbase once considered putting most of the company balance sheet into crypto, but ultimately chose a more cautious path.
- The company also acquired Dubai-based crypto derivatives exchange Deribit for $2.9 billion
- MicroStrategy (or Strategy), led by CEO Phong Le and Executive Chair Michael Saylor, recently acquired 1,895 Bitcoin worth $180 million. The company now holds a total of 555,450 BTC,
Ethereum revamp
- The first phase of the Ethereum
eth-2.88%Ethereum Pectra upgrade went live Wednesday morning. - Network finality was achieved at 6:18 am ET, following a tense waiting period after the hard fork implementation.
- Vitalik Buterin, co-founder of Ethereum, has proposed using RISC-V architecture in place of the Ethereum Virtual Machine (EVM). The proposal aims to improve the blockchain’s performance while simultaneously simplifying its technical operation.
Source: https://crypto.news/
