Consensus Toronto is next week and SDF will be on the ground:
🔨 Monday, May 12th: the Toronto Builder Summit kicks off.
🎤 Wednesday, May 14th at 2:25PM: Check out @rajachak75 at the Open Money Summit.
🤝 Plus, join us in the Stellar Networking Lounge. And on May 15th, stop by Stellar After Hours at KŌST for a night of networking, bites, and cocktails. Register ⬇️
Binance's Previous CEO, CZ, Acknowledges Application for Trump's Presidential Pardon
Changpeng Zhao (CZ), former CEO of Binance, has confirmed that he has officially applied for a pardon from ex-President Donald Trump. This move was sparked by news articles from Bloomberg and The Wall Street Journal alleging that he was seeking a pardon related to crypto ventures linked to the Trump family.
CZ clarified that he has no intention of reassuming his role as the CEO of the world's largest crypto exchange. His legal issues started in November 2023, when he pleaded guilty to a money laundering violation in a settlement with U.S. authorities and Binance agreed to pay a $4.3 billion penalty.
Despite resigning, CZ still holds the largest share in Binance and has been involved in advisory roles overseas.
PNUT Surges 7% After Major Exchange Listings, Trading Volume Reaches $218 Million
Peanut the Squirrel (PNUT), a Solana-based meme coin, has experienced notable market activity in the past 24 hours, with its price increasing by over 7% and trading volumes ranging from $63 million to $218 million. The token’s current price is between $0.1691 and $0.1759 USDT, and its market capitalization stands at approximately $175 million, with nearly the entire token supply in circulation.
The recent price increase and heightened trading activity can be attributed to PNUT’s listing on Binance within the past week, which has significantly boosted visibility and liquidity for the asset. Additionally, PNUT’s prior addition to Coinbase’s listing roadmap has contributed to sustained market interest. Technical trading patterns have also played a role, with the token encountering resistance at $0.1889 and experiencing volatility as traders respond to these levels. Overall, the combination of major exchange listings and active trading has driven the recent positive momentum in PNUT’s price and volume.