Wintermute Denies Binance Lawsuit Rumors as Bitcoin Holds Critical Support

Amid ongoing market volatility, Wintermute CEO Evgeny Gaevoy has firmly denied rumors of legal action against Binance following October's Bitcoin flash crash. Meanwhile, Bitcoin struggles to maintain its $105,000-$110,000 support level as the total crypto market cap shrinks to $3.5 trillion, with Ethereum and altcoins showing similar weakness.

Wintermute Denies Binance Lawsuit Rumors Amid Bitcoin Market Turmoil

Bitcoin teeters near critical support at $105,000-$110,000 as market capitalization contracts to $3.5 trillion. ethereum mirrors the weakness, trading at $3,400 amid broad altcoin pressure.

Wintermute CEO Evgeny Gaevoy categorically denied social media speculation about legal action against Binance following October's 15% Bitcoin flash crash. "Complete nonsense," Gaevoy stated, refuting claims the market maker lost funds due to exchange protocol failures during the $20 billion liquidation event.

Pump.fun (PUMP) Price Prediction 2025-2030: Will PUMP Lead Solana’s DeFi Boom?

Pump.fun's native token PUMP has surged 180% in 30 days, fueled by a Binance US listing and aggressive buybacks. The Solana-based memecoin now trades at $0.0039, with technical charts suggesting a potential breakout toward $0.01.

The creator-focused launchpad leverages a no-code model to disrupt Web2 social platforms, positioning itself as a key player in Solana's DeFi ecosystem. Analysts project a long-term price target of $0.22 by 2030 in moderate growth scenarios.

Market activity indicates growing institutional interest, with the token gaining traction across exchanges and social media platforms. The recent price action in Q3 2025 has particularly drawn attention from both retail and professional traders.

Binance’s CZ Reflects on Market Timing After ASTER Purchase

Changpeng "CZ" Zhao, co-founder of Binance, acknowledged his tendency to buy crypto at market peaks, citing his recent ASTER acquisition as another example. The token, which he actively promoted post-launch, now trades below his entry price.

Zhao's candor highlights the challenges even industry veterans face in timing volatile digital asset markets. His transparency about personal trading missteps contrasts with the polished image often projected by exchange executives.

Trump Administration Defends CZ Pardon as End to Biden's 'War on Crypto'

The Trump administration has sparked controversy by defending its pardon of Binance co-founder Changpeng Zhao (CZ), framing the move as a decisive shift in U.S. cryptocurrency policy. White House Press Secretary Karoline Leavitt characterized the pardon as a correction to the Biden administration's "overprosecution" of crypto figures, citing judicial criticism of the prior DOJ's sentencing demands.

The administration positioned the action as a pro-crypto policy reversal, claiming it halts what they describe as regulatory overreach against the industry. This development emerges despite Trump's recent claim of unfamiliarity with Zhao, adding political intrigue to the cryptocurrency debate.