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Did Insider Trading Influence Crypto Market Before Key US ...
2025-10-24 22:55:09
Blockchain
Crime
Politics

Did Insider Trading Influence Crypto Market Before Key US Tariff Decision?

Recent developments in the cryptocurrency landscape reveal a complex interplay of insider trading and political maneuvering. A trader reaped $190 million by shorting the market prior to a critical US tariff announcement, sparking speculation about potential insider knowledge.

This trader also placed a substantial bet on the pardon of Binance founder Changpeng Zhao, whose ties to former President Trump have raised eyebrows regarding potential conflicts of interest. Critics argue that the pardon reflects a troubling 'pay-to-pardon' scheme, particularly in light of Zhao’s connections to Trump’s business ventures.

Concurrently, the NBA faces its own scandal involving insider trading, revealing the pervasive nature of these issues across sectors. As the market reacts to these events, questions linger about the future of other high-profile figures in crypto, including Sam Bankman-Fried, whose fate remains uncertain following his conviction for fraud.

The intertwining of politics and finance continues to shape the narrative within the cryptocurrency world.

Related news on that topic:

Trump's Pardon of Binance Founder Sparks Ethical Debates and ... Market Reactions

The recent pardon of Binance founder Changpeng Zhao by former President Donald Trump has ignited debates over ethical implications and potential conflicts of interest. Zhao, who faced charges related to money laundering and regulatory violations, served a brief prison sentence before receiving this unexpected clemency. Critics argue that the pardon may reflect a pay-to-play dynamic, given Trump's ties to the cryptocurrency sector through his own firm. Conversely, supporters celebrate Zhao's release and its positive impact on Binance's native token, BNB, which experienced a notable surge following the announcement. Speculation about Zhao's possible return to leadership within Binance has also emerged, raising questions about the future landscape of cryptocurrency regulation in the U.S. This development signifies a pivotal moment for the crypto industry amid ongoing regulatory scrutiny.

The press radar on this topic:

The Street
3. November 2025 um 09:03

Hedge fund manager slams Trump’s ‘TACO’ tariff strategy after crypto wipeout

Economist Peter Schiff has linked the recent cryptocurrency market decline to US President Donald Trump's tariff announcement on Chinese goods. Schiff claims that those close to Trump, including Vice President JD Vance, may have manipulated the market by shorting crypto before Trump posted about the tariffs. Schiff has long been a critic of cryptocurrency and used the market crash as an opportunity to compare Bitcoin unfavorably to gold and silver.
The Street
28. Oktober 2025 um 11:19

Mysterious trader moves millions ahead of Trump's 3PM announcement

A mysterious crypto trader has deposited $3 million into a decentralized exchange ahead of President Donald Trump's 3:00 PM EST announcement, raising speculation about potential market volatility. The trader opened a short position on Bitcoin worth $31.9 million with high leverage. This follows earlier reports of another whale making significant profits by shorting Bitcoin before a similar announcement by Trump last month.
Cointelegraph.com News
24. Oktober 2025 um 02:57

Trader who made $190M shorting crash also apparently bet on CZ’s pardon

A cryptocurrency trader who made a $190M profit shorting the market before a US tariff announcement allegedly also bet on Donald Trump pardoning Binance founder Changpeng Zhao. Onchain sleuths have linked the trader's Polymarket account, which made $56,522 betting on the pardon. Some argue it was insider knowledge, while others claim the pardon was expected and not an unlikely event.
New York Times - Business
24. Oktober 2025 um 14:35

The Wider Costs of the N.B.A. Insider-Trading Scandal

The N.B.A. insider-trading scandal 'Operation Nothing but Bet' involves six people, including assistant coach Damon Jones and player Terry Rozier, who leaked information to bettors through prop bets facilitated by DraftKings and FanDuel. President Trump has pardoned crypto mogul Changpeng Zhao, whose Binance has ties to a Trump family crypto venture, ahead of meeting Chinese President Xi Jinping next week. Canadian Prime Minister Mark Carney seeks to reduce his country's dependence on the US e..
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