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White House Defends CZ Pardon After DOJ Review Process
The White House said President Donald Trump's pardon of Binance founder Changpeng Zhao followed a comprehensive review by the Department of Justice and White House Counsel's Office. Press Secretary Karoline Leavitt stated the clemency decision adhered to standard procedures applied to all pardon requests. Zhao pleaded guilty in November 2023 to Bank Secrecy Act violations and served a four-month sentence from April through September 2024.
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Singapore's MAS warns of stretched tech and AI equity valuations in 2025 stability review
The Monetary Authority of Singapore released its annual Financial Stability Review on November 5, 2025, flagging elevated valuations in technology and artificial intelligence equity segments. The central bank warned that fading optimism about AI's profit potential could trigger sharp equity market corrections and increased defaults in private credit markets. The assessment follows a semiconductor sector selloff that erased approximately $500 billion in market value this week.
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