Crypto Explosion October 24: CZ’s Next Move After Hayes, Trump’s Crypto Pardon Wave | Bitcoin Soars Past $111.5K Ahead of CPI - What’s Driving This Rally?

Market Roars as Bitcoin Shatters $111,500 Barrier

The king of crypto just smashed through another psychological barrier - hitting $111,500 as inflation data looms. This isn't just another pump; it's a statement about institutional confidence flooding the space.

Changpeng Zhao's Strategic Positioning

While Arthur Hayes makes waves, CZ continues building Binance's dominance. The exchange's infrastructure investments are paying off as trading volumes explode across all major pairs.

Political Winds Shift Crypto Landscape

Another Trump pardon shakes the regulatory landscape - proving once again that political connections matter more than compliance in this wild west market. Because nothing says 'decentralized' like presidential intervention.

SBF and Do Kwon Shadows Linger

The ghosts of crypto past continue haunting the space. While new money flows in, veterans remember how quickly fortunes can reverse when founders face the music.

What's Next for This Bull Run?

With CPI data dropping soon, traders are positioning for volatility. The real question isn't whether we'll see movement - it's whether traditional finance can handle crypto's relentless upward trajectory. They're still trying to figure out blockchain while we're busy printing generational wealth.

Changpeng Zhao Crypto Pardon Drama and Crypto Sentiment

The crypto pardon for Changpeng Zhao effectively wipes his record after a short sentence tied to Binance’s $4.3 billion settlement. With a clean slate, Changpeng Zhao can run for the US presidency now. CZ, not SBF.

@cz_binance pardoned means he can run for a US president now. Bullish pic.twitter.com/cXlbs6t1dh

— BANJO IN CAPSLOCK (@BANJOINCAPSLOCK) October 24, 2025

Crypto Twitter argues it’s preferential treatment, while supporters claim CZ’s cooperation and leadership have helped legitimize parts of the industry. On the prediction platform Polymarket, bets now show a 2% chance that Sam Bankman-Fried (SBF) could receive a similar pardon this month, though many doubt it, given his role in the FTX collapse. 

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Compared side by side, Changpeng Zhao regulatory failures differ sharply from SBF’s outright fraud, or even DO Kwon’s. CZ faced compliance violations; SBF misused billions in user funds. Some speculate Trump’s crypto pardon spree might be strategic, aiming to attract crypto voters and reinforce the US as a global blockchain hub. Yet SBF’s crimes may be too heavy for redemption, no matter how bullish the sentiment gets.

Deeply grateful for today’s pardon and to President TRUMP for upholding America’s commitment to fairness, innovation, and justice.

Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.

(Still in flight, more posts to come.)…

— CZBNB (@cz_binance) October 23, 2025

DISCOVER: 10+ Next Crypto to 100X In 2025

Major Crypto News Today: Bitcoin Price Blasting Post Pardon, But Will It Sustain?

Data from DefiLlama shows total DeFi value locked (TVL) climbing to $152 billion, climbing by almost 4% in a day. There’s also a bullish metric as the stablecoin market cap reaches an all-time high, which means people are ready to re-enter the market.

We are all, unless those shorting, expecting the upcoming CPI report to show under 3.1% inflation yearly. However, Polymarket bettors are giving a 51% chance of inflation surpassing 3%.

US CPI will be released tomorrow at 8:30am ET.

The market expectations are at 3.1%, while last month's CPI was at 2.9%.

Here are different scenarios:

1⃣ CPI > 3.1%

This will be bearish for markets.

This is because it'll mark the highest CPI print since June 2024.

2⃣ CPI… pic.twitter.com/uEl435PNa2

— Ash Crypto (@Ashcryptoreal) October 23, 2025

As for the charts, the bitcoin price rebound suggests a possible market bottom. Sentiment remains cautious as the Fear & Greed Index sits at 30, but traders see early signs of reversal. Ethereum rose 2.3% to $3,950, though “ETH season” still feels distant for now.

Crypto Fear and Greed Index Last updated: Oct 24, 2025

In short, most crypto news headlines today show a torn between drama and optimism. With Changpeng Zhao pardon fueling debate and Bitcoin price defying fear, the next CPI report will decide whether this rally turns real or fades into another fakeout.

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LINEA Ignition Program Ends Sunday: LINEA Price Prediction Calls Reversal to $0.025

Could the LINEA price finally reverse after one of the toughest months in its short trading history? As the Linea crypto ecosystem prepares to close its 10-week liquidity campaign (the Linea Ignition Program), traders are watching closely to see if this Sunday’s conclusion could trigger the recovery bulls have been waiting for.

With TVL soaring to over $1.6 billion but token unlocks still weighing on sentiment, can Linea ignite one more rally into the next altcoin season, or is the HYPE already fading?

Read the full story.

XPL Price Faces $86M Token Unlock: Next 100X Crypto to Buy Instead of XPL Losses?

Could the next 100x crypto emerge just as XPL price faces a massive unlock? With Plasma (XPL), one of the most hyped stablecoin Layer-1 networks, about to release 88M tokens worth roughly $32M, investors are bracing for volatility.

The question is simple: will this unlock spark a recovery or a more resounding crash, and which project might offer better upside during the coming altcoin season? Let’s break down the data and explore whether the Plasma crypto narrative still holds weight, or if it’s time to look elsewhere.

Read the original piece.