Tech
‘War on Crypto Is Over’: Donald Trump Pardons Binance Founder CZ
US president Donald Trump has pardoned Changpeng Zhao, founder of the world’s largest crypto exchange, Binance.
Zhao, widely known as CZ, pled guilty in November 2023 to violating anti-money-laundering laws and US sanctions. The plea formed part of a sweeping deal with the US Department of Justice, under which Binance was required to pay a record-breaking $4.3 billion penalty.
Zhao ultimately spent four months in federal prison. The DOJ had originally petitioned for a three-year prison sentence.
After issuing the pardon, the White House has cast Zhao as the victim of a plot to trample the crypto industry carried out by the administration of former president Joe Biden. Regulators brought a volley of lawsuits against high-profile businesses during this era, and the DOJ prosecuted crypto industry figureheads for fraud.
“In their desire to punish the cryptocurrency industry, the Biden administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims,” says White House press secretary Karoline Leavitt. “The Biden administration’s war on crypto is over.”
Zhao, who founded Binance in 2017, is something of a legend in cryptoland for his bullish pronouncements and flair for social media. Until his guilty plea, he routinely used his platform on X to dismiss allegations of wrongdoing at Binance.
Zhao is the latest in a line of crypto figureheads pardoned by Trump. The president has received endorsements and millions of dollars in donations from members of the industry.
Immediately after returning to office, Trump commuted the prison sentence of Ross Ulbricht, creator of darknet marketplace Silk Road. In late March, Trump pardoned the cofounders of crypto exchange BitMEX, who in 2022 pleaded guilty to charges relating to their failure to maintain an adequate anti-money-laundering program.
Though Zhao has already served his allotted prison sentence, the pardon will strike the anti-money-laundering and sanctions violations from his criminal record.
“For him, I think this is really about clearing his name,” claims Patrick Hillmann, who previously worked under Zhao as chief strategy officer at Binance. “I think this is closure for him.”
The pardon could also clear the way for Binance to return to the US market, which it was forced to exit as a condition of the DOJ settlement. Binance has spent months pursuing a pardon for Zhao, who was released from prison in September 2024, The Wall Street Journal previously reported.
Tech
Pro-cycling crashes can be bad, but evidence suggests slower bikes aren’t the answer
It might seem counterintuitive in a sport built around speed, but the world governing body for competitive cycling wants to slow elite riders down.
Worried about high-speed crashes during pro-racing events, the Union Cycliste Internationale (UCI) has proposed a cap on the gear size riders can use. The idea is to lower the possible top speed bikes can achieve.
The risks are real, too. At the recent Tour Down Under Men’s Classic in Australia, a high-speed multi-rider crash on the final corner sent bikes into the barriers and into the crowd, badly injuring a spectator.
In August this year, champion British rider Chris Froome crashed while training in France, suffering a collapsed lung, broken ribs and a spinal fracture.
But would restricting gear size prevent these kinds of high-speed crashes? Certainly, not everyone thinks so.
Earlier this month, a Belgian court paused the rule change after teams and a major cycle component maker argued the safety case was not proven. While slower bikes might sound safer, they argue, the evidence tells a different story.
What the evidence tells us
The proposed rule would limit the largest gear size to 54 teeth on the front chainring and 11 on the rear sprocket. The idea is simple: lower the top gear to reduce top speed and, in theory, cut risk.
But while speed clearly matters when it comes to crashes, it is only one part of how they happen in a tightly packed peloton (the main pack of riders in a road race).
Our recent review of 18 studies of race speed and crash risk found two clear patterns:
- higher speed makes injuries worse once a crash occurs
- but the link between speed and the chance of crashing is weaker and depends on context.
Injury rates in the UCI WorldTour have climbed even though average race speeds have been steady. So, something else is at work.
We also examined the proposed gear cap itself. Based on our analysis, we argue any rule change should be evidence-based rather than simply a reaction to pressure after high-profile incidents.
Understanding why crashes occur is central to this. Essentially, they are about people and space, and happen for a number of reasons:
- when riders fight for position as they enter a narrowing corner
- when sprint “trains” (riders in the same team lining up for aerodynamic efficiency) cross wheels
- or when road “furniture” appears too late to be avoided.
In this year’s Paris–Nice race, for example, Mattias Skjelmose struck a traffic island at speed and abandoned the race. Reports described it as a poorly marked obstacle.
Course design, peloton density and inconsistent rule enforcement often play a bigger role than a few extra kilometers per hour.
Why a gear limit won’t help much
On hill descents, where many serious injuries occur, riders freewheel in a tucked body position. Gravity and aerodynamics set the speed—gearing does not.
When riders are actually pedaling in a sprint, a 54×11 gear at high “cadence” (around 110–120 revolutions per minute) gives a speed of roughly 65 kilometers per hour (km/h). The very fastest finishes in elite men’s races reach about 75 km/h—the absolute peak speed.
A cap on gearing would trim roughly 5–10 km/h from the top-end, bringing the fastest sprints down to around 65–70 km/h. But most sprint pileups start below those speeds and are triggered by contact or line changes.
Lowering everyone’s top speed could even bunch the field more tightly and raise the risk of contact. The pro-cycling world already knows what helps:
These steps match what other high-speed sports have done to reduce injuries. Motor sports redesign the environment rather than just limit speed, with NASCAR and IndyCar having adopted energy-absorbing barriers to cut wall-impact forces.
And alpine skiing manages risk with course design, as well as nets and airbag protection to control speed and crash severity.
Similar approaches to safety are used in aviation, mining and health care. The aim is to focus on the environment and behavior, measure exposure, fix the hotspots and share what works to keep improving safety.
This article is republished from The Conversation under a Creative Commons license. Read the original article.
Citation:
Pro-cycling crashes can be bad, but evidence suggests slower bikes aren’t the answer (2025, October 23)
retrieved 23 October 2025
from https://techxplore.com/news/2025-10-pro-bad-evidence-slower-bikes.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
Tech
The ‘Surge’ of Troops May Not Come to San Francisco, but the City Is Ready Anyway
After months of deployments by US Immigration and Customs Enforcement and the National Guard across American cities, federal agents have been preparing to descend into San Francisco.
Local resistance groups have been coordinating with activists in other cities across the country that have been besieged by federal law enforcement. Thousands of volunteers, coordinating through Signal group chats, Zoom calls, and social media posts, planned protests and spread the word that federal troops are on their way to San Francisco. Even though they aren’t—yet.
On Thursday morning, SF mayor Daniel Lurie posted on Instagram and X to announce that he had spoken with President Donald Trump and convinced him to call off the federal agents that had planned to go to San Francisco this Saturday. Trump confirmed that on Truth Social shortly thereafter, writing, “Great people like Jensen Huang, Marc Benioff, and others have called saying that the future of San Francisco is great. They want to give it a ‘shot.’ Therefore, we will not surge San Francisco on Saturday. Stay tuned!”
Activists and San Francisco residents are not exactly convinced, and so the organizing continues.
Early this week, a contingent of around 100 federal law enforcement agents converged on Coast Guard Island, a small base in Alameda, just across the Bay from San Francisco that federal officials say is being used as a staging area for upcoming immigration raids. Only one road leads to and from the island, and once word spread about the deployment, agents were quickly boxed in. Around 200 protesters showed up Thursday morning to try to disrupt their movements, resulting in clashes.
On Wednesday night, a group called Bay Resistance held an educational webinar that drew a massive turnout; due to the limitations of the group’s Zoom subscription, it had to cap the call at 5,000 attendees. Hundreds more viewed a recording afterwards.
“The Bay is not going to sit quietly,” Emily Lee, a Bay Resistance organizer, said on the mobilization call. “We are definitely going to be standing up together against this administration.”
Throughout the call, organizers spoke in English with Spanish translations, sharing plans for upcoming actions across the Bay. They talked about lessons learned from their direct communications with organizers in Los Angeles who mobilized against the ICE raids and federal troop deployments there, and the importance of taking the tack of Portland’s protesters, who relied on humor and inflatable animals to counter ICE actions and protest Trump’s claims of the city being a “war ravaged” hellhole.
Tech
How Hacked Card Shufflers Allegedly Enabled a Mob-Fueled Poker Scam That Rocked the NBA
“If there’s a camera that knows the cards, there is always some kind of underlying threat. Customers are gonna be essentially at the mercy of the person setting up the machine,” poker player and card house owner Doug Polk previously told WIRED. “If you’re showing up in a private game and there’s a shuffler, I would say you should run for the hills.”
Hacking the Deckmate 2, according to prosecutors, was only one of several cheating techniques the mobsters allegedly used, albeit the one that’s described in the most detail in the indictment. The charging document also claims that they used invisibly marked cards, electronic poker chip trays, phones that could secretly read cards’ markings, and even specially designed glasses and contact lenses.
While the details of those schemes weren’t spelled out by prosecutors, they’re all well known in the casino security world, says Sal Piacente, a professional cheating consultant and the president of UniverSal Game Protection. Cards can, for instance, have hidden bar codes on their edges—printed invisibly, such as with infrared ink—that can be deciphered by a reader hidden in a chip tray or in a phone case laid on the table. In other cases, cards are similarly marked on their backs with ink that’s only visible with special glasses or contacts.
“This kind of equipment is being used more than you would think,” Piacente says. “When you go to a private game, there’s no regulation, no commission, no rules. Anything goes.”
-
Tech1 week agoWhy the F5 Hack Created an ‘Imminent Threat’ for Thousands of Networks
-
Tech1 week agoWhat Is Google One, and Should You Subscribe?
-
Tech5 days agoHow to Protect Yourself Against Getting Locked Out of Your Cloud Accounts
-
Fashion1 week agoSelf-Portrait unveils high-profile Apple Martin campaign
-
Fashion1 week agoItaly to apply extra levy on Chinese goods to safeguard its own fashion industry
-
Business1 week agoBaroness Mone-linked PPE firm misses deadline to pay £122m
-
Sports6 days agoPCB confirms Tri-nation T20 series to go ahead despite Afghanistan’s withdrawal – SUCH TV
-
Tech7 days agoSAP ECC customers bet on composable ERP to avoid upgrading | Computer Weekly
