Surprise CZ Pardon, Tempo’s $500M Raise, and More — Week in Review

Week in Review

Surprise CZ pardon sent BNB up nearly 6% after President Trump’s pardon of Binance founder, a move that split Crypto Twitter; Stripe-backed Tempo raised $500M in a Series A led by Thrive and Greenoaks, drawing talent from the Ethereum Foundation; gold plunged about 8% from recent highs, its biggest crash since 2013, before a partial rebound; Bitcoin options hit record open interest as traders piled on leverage; and Arthur Hayes slammed Japan’s stimulus while repeating his bullish $1M bitcoin forecast.

Surprise CZ Pardon: BNB Jumps 6%, Earning One Polymarket Bettor $1 Million

On Oct. 23, BNB saw a nearly 6% price surge after U.S. President Donald Trump pardoned Binance founder… read more.

Editor’s comment: People on CT ( Crypto Twitter) seem to be divided on whether this was a good thing (Udi) or a bad, Trump corruption thing (TXMC).

Report: Stripe and Paradigm’s Blockchain Tempo Secures $500M Backing From Thrive, Greenoaks

Stripe-backed blockchain startup Tempo has secured $500 million in a Series A round led by Joshua Kushner’s.… read more.

Editor’s comment: This story ruffled a lot of Ethereum people’s feathers. Well, this and the fact that Dankrad Feist ditched the EF for Tempo too.

Gold Suffers Biggest Crash Since 2013 as Prices Plunged to $4,000 Before Modest Rebound

Gold’s price took a steep tumble between Oct. 21 and Oct. 22, falling about 8% from recent record highs above… read more.

Editor’s comment: No one should be surprised that gold is undergoing a pullback after all the signs that the market was a bit too hot.

Bitcoin Options Hit Fever Pitch as Open Interest Sets Record and Traders Battle

Bitcoin’s options market is on fire — open interest has blasted to a new record as traders wrestle between… read more.

Editor’s comment: Let’s hope that this leverage doesn’t lead to another flash crash.

Arthur Hayes Torches Japan’s Stimulus, Sees Yen Collapse and Bitcoin to $1M

Arthur Hayes delivered a scathing critique of Japan’s stimulus while reaffirming his ultra- bullish $1 million… read more.

Editor’s comment: Japan’s actions foreshadow what’s likely to happen in America once Trump puts his Powell replacement in place in May 2026.