CZ’s Comeback? Trump Weighs Presidential Pardon For Binance Founder

US President Donald Trump signed a bill that ended a record 43-day government shutdown, allowing federal operations to resume. This development is significant as it restores government functionality and may influence ongoing discussions in the cryptocurrency sector.

The recent US government shutdown has significantly impacted the cryptocurrency market, causing a decline of $408 billion. This downturn is characterized by intense selling pressure and increased investor fear, leading to Bitcoin and Ethereum losing crucial support levels and entering a corrective phase. The situation highlights the vulnerability of the crypto market to macroeconomic uncertainties.

Bitcoin inflows to Binance have surged, averaging 7,500 BTC daily, as the cryptocurrency stabilizes above $100,000 but struggles to surpass $105,000. This increase in inflows indicates profit-taking among investors following a recent liquidation event, suggesting cautious positioning in the market. Despite this, Bitcoin's ability to maintain its price level reflects strong underlying demand.

Chainlink's LINK token dropped 4% to $16.25 as it faced selling pressure amid a broader decline in the cryptocurrency market. The anticipated positive impact of ETF news failed to materialize, highlighting ongoing challenges for the token.

Bitcoin's price surged to $105,000, continuing a trend of higher lows observed in November. However, traders are exercising caution due to concerns about a potential rejection at key resistance levels, particularly in light of significant BTC withdrawals from Binance.

On November 12, 2025, the cryptocurrency market experienced a significant surge, increasing by $65 billion within three hours, largely driven by Bitcoin, which alone gained over $30 billion. This surge underscores Bitcoin's crucial role in the dynamics of the crypto market, indicating a potential for sustained growth and heightened interest from institutional investors. Such developments are essential as they reflect the evolving landscape of cryptocurrency and its increasing acceptance in the financial sector.

A Canadian Court of Appeal ruled in favor of Binance, ordering the Ontario Securities Commission (OSC) to pay $15,000 after deeming the OSC's document production request unconstitutional. The court found the probe request to be unreasonable, highlighting the importance of protecting companies from excessive regulatory demands. This ruling is significant as it reinforces the legal boundaries of regulatory bodies and may impact future interactions between cryptocurrency firms and regulators in Canada.