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- Binance founder Zhao pardoned by Trump after boosting family’s World Liberty Financial
Binance founder Zhao pardoned by Trump after boosting family’s World Liberty Financial
Bay Area Times
October 24, 2025
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Top stories today:
- Binance founder pardoned by Trump after boosting family’s WLFI
- Anthropic gets access to 1M Google TPUs under new cloud partnership
- Intel Q3 revenue +3% YoY, beats estimates
- OpenAI buys Software Applications, ex-Apple team’s Mac UI startup
- Crusoe raises $1.4B at $10B valuation amid AI data center boom
- Microsoft debuts Mico, Copilot’s expressive voice-mode character
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Binance founder Zhao pardoned by Trump after boosting family’s World Liberty Financial
In May, the UAE invested $2B in Binance using a Trump family-owned stablecoin, USD1.
Trump had "exercised his constitutional authority by issuing a pardon for Mr. Zhao,” White House press secretary Karoline Leavitt said.
“The Biden Administration’s war on crypto is over,” she said.
Zhao lives in Abu Dhabi and served four months in prison last year after pleading guilty to an anti-money-laundering violation.
DOJ’s 3-year Binance monitorship may also be prematurely ended as a result of the pardon.
2. Anthropic gets access to up to 1M Google TPUs under new cloud partnership
The deal will add over 1 gigawatt of compute capacity by 2026.
It is worth $10B’s.
“[W]ill help us continue to grow the compute we need to define the frontier of AI,” Anthropic CFO Krishna Rao said.
The new $100K visa fee is shaking up U.S. hiring.
For enterprises relying on global talent, it means higher costs, slower hiring, and growing skill gaps. The smartest teams are adapting fast, building distributed squads across Latin America that match U.S. quality, align on time zones, and skip visa friction.
The H-1B Talent Crunch 2025 report breaks down what’s changing, who’s most affected, and how to stay ahead with smarter global hiring.
*Disclaimer: We have equity in Athyna.
4. Intel Q3 revenue +3% YoY, beats estimates in first report since U.S. became top shareholder
