Tech
Trump’s CZ Pardon Has the Crypto World Bracing for Impact
																								
												
												
											
Changpeng Zhao, the multibillionaire founder of crypto exchange Binance, spent four months last year locked in a federal prison. After US president Donald Trump pardoned Zhao in October, the government has recast him as a martyr.
Zhao, who goes by CZ, pleaded guilty in November 2023 to failing to maintain an effective anti-money-laundering program at Binance. In parallel, Binance admitted to violating US sanctions and settled with financial regulators, which accused the company of failing to report suspicious transactions involving terror groups, child exploitation networks, and cybercriminals, among other violations. In a particularly incriminating exchange detailed in court documents, one Binance employee said to a colleague, “We see the bad, but we close 2 eyes.”
As part of their respective settlement deals, Zhao agreed to forfeit his role as Binance CEO, and Binance agreed to leave the US, accept supervision by a US-appointed compliance monitor, and pay a record $4.3 billion penalty.
Less than two years later, the narrative has flipped. On October 23, Trump struck the charges from Zhao’s criminal record. The Binance founder was a victim of the “Biden administration’s war on crypto,” a White House spokesperson declared.
The decision to pardon Zhao will reverberate throughout the US crypto exchange market, which Binance could seek to reenter, legal experts claim. It may also come with long-term political consequences for the crypto industry after Trump’s presidency ends.
Whether Zhao’s pardon was justified has been hotly disputed, particularly in light of connections between Binance and World Liberty Financial, a crypto business founded by Trump and his sons. (Through a corporate entity, the Trump family owns a 38 percent stake in World Liberty Financial’s parent company.) In May, Binance agreed to receive a $2 billion investment denominated in USD1, a coin issued by World Liberty Financial, which could earn tens of millions of dollars from the arrangement. In July, Bloomberg reported that Binance had developed the codebase for USD1.
Remarkably, Trump claims to know very little about Zhao. “OK, are you ready? I don’t know who he is,” Trump told 60 Minutes in an interview that aired on November 2. “I can only tell you this. My sons are into [crypto],” he said later in the interview.
Zhao’s legal representatives and industry allies have defended the pardon as a rightful corrective. “CZ is the first and only known first-time offender in US history to receive a prison sentence for this single, non-fraud-related charge,” wrote Teresa Goody Guillén, partner at law firm Baker & Hostetler, which represents Zhao, in a post on X.
Tech
Tech Traveler’s Guide to Seattle: Where to Stay, Eat, and Recharge
														
As much as any city, Seattle is synonymous with the tech industry. Over the past 40 years, Seattle and its suburbs have seen hometown heroes like Microsoft and Amazon grow into some of the biggest businesses on the planet. Around them has sprung up a diverse network of companies whose work touches nearly every aspect of public life, from Redfin to Costco to Wizards of the Coast, to name a few.
Tech culture has seemingly permeated nearly every aspect of city life here—a fact about which some local Mossbacks grumble—and it has transformed certain neighborhoods entirely over the past few decades. This is especially true of the South Lake Union neighborhood, where Jeff Bezos has parked his mighty balls, and a new crop of office towers and hotels have sprung up around them in priapic fashion, eager to serve Amazon’s considerable needs.
Seattle is also a distinct cultural destination in its own right, and the stuff you’ve seen before on TV—like the Pike Place Market (please note it is not possessive; Pike Place, not Pike’s Place) or the ferry boats scooting around the Puget Sound—is very much worth checking out while you’re in town. Live sports, live music, a surprisingly good comedy and theater scene, great shopping, and awesome restaurants (particularly with fresh seafood) are all on deck for Seattle travelers, and I do suggest trying it all.
I know you’re here for work, but that doesn’t mean you can’t have fun. With the right hotel, a bar or two to decompress in, and a choice dinner reservation, Seattle offers high levels of enjoyment amidst the busy professional environment. We work hard, we play hard—try and keep up, and no one complains about the rain, because it’s simply a fact of life.
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Where to Stay in Seattle
Courtesy of Palisociety
107 Pine Street, (206) 596-0600
Tucked a block away from Pike Place Market, with epic views looking out over the market and on to Elliott Bay, this Seattle location from the California-based Pali Society offers unbeatable location benefits galore. You can literally use the market as your breakfast pantry, just a block outside your door—grab a morning pastry from Piroshky Piroshky or an espresso from Ghost Alley—and in a matter of minutes be anywhere downtown for meetings or at the Convention Center for convention stuff. Beloved Pike Place market mainstays like Athenian Cafe (for seafood), Alibi Room (for day drinking), and Café Campagne (for all-day French bistro) are seconds from your door. It literally does not get more Seattle than this.
110 Boren Avenue N., (206) 455-9077
Tech travelers with commitments in South Lake Union may want to choose a hotel directly adjacent to the action, and with around 10 to choose from, let me make it simple: Level Seattle is where you want to stay. This place is hyper modern to the extreme, with blazing fast Wi-Fi throughout the property, a vast, impressively modern gym with Peloton bikes and a climbing wall, and a level of detached chic interior design throughout that fits the busy travel vibe. If you’re here for a night or two, this place is great; if you’re in town for longer, and really getting your tech work on, Level Seattle also offers tastefully furnished apartment suites.
700 3rd Avenue, (206) 776-9090
The Arctic Club hotel is epic, in every sense of the word. Originally founded in 1908 as a social club for prospectors, financiers, and adventurers drawn to Seattle by the Klondike Gold Rush, the building was added to the National Register of Historic places in the late ’70s, and became a hotel in the late aughts. Today it’s operated by Hilton; many of the rooms have vast panoramic views of downtown, including the Olympic Mountains to the west and the historic Smith Tower building on the edge of Pioneer Square; and every room features free Wi-Fi, HDTV with streaming and casting, and complimentary breakfast. Eight of the suites feature rooftop terraces, so if you’re looking to splash out on a hospitality suite situation, this is a great option. The best part of staying here is your nightly proximity to the Polar Bar, which oozes history and sophistication, making it the perfect place to take a happy hour meeting or meet colleagues for a wind-down drink after meetings or post-dinner.
@intodustphotographyCourtesy of Fairmont Olympic
411 University Street, (206) 621-1700
Seattle’s grand dame hotel, opened in 1926, has been lovingly remodeled in a series of tasteful modernizations, including a significant $25 million update completed in 2021. They’ve really got it all here: a buzzy lobby bar, multiple restaurants, including The George, which offers perhaps the classiest brunch in Seattle, and an all-world spa and wellness complex on the bottom floor. The gym is modest and bright, but the real action is at the hotel’s glass conservatory swimming pool, which is set beneath sweeping skyscrapers above. Presidents and ambassadors and dignitaries and rock stars stay here, so why not you?
4140 Roosevelt Way N.E., (206) 632-5055
The University of Washington—my alma mater (real men wear purple)—is a major hub for various nodes of the tech industry, home to several leading research institutions and a world-class teaching hospital at UW Medical Center. If you’re in Seattle for work in and around the U District, it’s worthwhile to stay close by, and the University Inn is the best of the local bunch. Open since the early ’60s, and now managed by hospitality group Stay Pineapple, this spot is bright, clean, and modern with a kitschy ’60s atomic theme (but not too heavy-handed). I’ve been continually impressed by the range of amenities here across multiple stays: snacks in the lobby, free coffee in-room, a reusable PATH water bottle in every room and a filtered “Water Bar” in the lobby, and great customer service. The UW campus is a five-minute walk.
Coworking and Meeting Spaces
Aerial Seattle Downtown and Capitol Hill SunraysPhotograph: Mike Reid Photography/Getty Images
1424 11th Avenue, Suite 400, (206) 739-9004
Every real tech city has a coworking space where the people-watching is a good as the connectivity. Such is the scene at The Cloud Room, which floats above Seattle’s fashionable Capitol Hill neighborhood as part of the Chop House Row development. A $40 day pass gets you hi-speed Wi-Fi, printing services, free coffee (and kombucha), and flexible seating across the space’s dreamy warren of nooks and snugs. Check the events calendar for TCR’s many activities, from yoga to live music.
92 Lenora Street, multiple locations
A locally owned mini-chain of coworking spaces, with locations in Ballard, Belltown, and down south in Tacoma, The Pioneer Collective feels rooted in the Pacific Northwest thanks to a timber-forward approach to interior design—and a collection of working people from around the region. Day passes are $35, or $75 for your own private office, with gigabit Wi-Fi throughout and larger office meeting rooms available.
1700 Westlake Avenue N #200
Thinkspace has one thing the other coworking spaces in Seattle can’t match, and that’s proximity to Lake Union. Their Seattle location is set right on the water—you can even rent a stand-up paddleboard in case you need to get in a core workout between meetings. A day pass runs $50 and includes unlimited coffee and tea, showers and lockers, and phone booths as well as meeting room options. If you need to post that #OfficeViews ’gram and make the team back home jealous, this is your place.
Best Cafés and Co-Offices
Courtesy of Victrola Coffee
411 15th Avenue E., multiple locations
A personal favorite for getting a little work done with a nice cup of coffee. Victrola is a long-standing Seattle third-wave coffee bar, and its location on 15th Avenue has seen it all—get a cappuccino and a cookie and hunker down.
425 15th Avenue E
A bookshop dedicated to STEA(A)M titles and a charming, chill coffee bar with plenty of seating. This is the ideal place to work, relax, and perhaps pick up a book for your flight home. Ada’s is a short block or so from a great local cocktail bar called Liberty, in case your office hours need to transition into happy hour.
754 N. 34th Street
Long one of the city’s best cafés, in a charming neighborhood north of the lake with close proximity to the Adobe HQ. Milstead serves coffees from a variety of roasters, all prepared with “third wave” expertise and care. The shop gets busy on weekend mornings, but it’s a charming midweek coffice, particularly if the weather’s nice and you can sit outside.
472 1st Avenue N
A huge space, perfect for setting up your laptop or even taking a chill meeting, with coffee service by local roaster Café Vita. This is also the lobby for Seattle’s much-loved community supported radio station, KEXP, so you get cool points for hanging out here.
1501 17th Avenue E
Opened by former Canlis alums, this spot serves outstanding coffee and makes some of the city’s best pastries. The space inside is cute, and you can work if you need to, but use this cafe as a jump-off point for a walking meeting or a strolling phone call, and explore the leafy neighborhood it calls home.
4214 University Way N.E. (in the alley)
Seattle’s oldest continually operated coffee bar, this space vibrates with history and culture. If you’re anywhere near the U District I highly recommend you stop here for some laptop time amongst the students, professors, and assorted intellectuals that call Allegro a home away from home.
Where to Eat
Photograph: Jordan Michelman
4903 Rainier Avenue S
Brawling, bare-knuckle offal-forward cuisine to challenge and delight from chef Evan Leichtling, who cooked in San Sebastian and Paris before opening his own place in south Seattle. If a chanterelle and wild boar pot pie or ham and cantaloupe sorbet sound like your idea of a good time, perhaps washed down with some cheerful natural wine or craft beer, this is your place.
1054 N 39th Street
Mutsuko Soma is a James Beard finalist chef for her work at Kamonegi, where she hand-makes soba noodles nightly and runs one of the best tempura programs in the United States. Make a reservation, because this place is tiny, but if you have to wait, their nextdoor sake bar, Hannyatou, is a rollicking good time and features delicious drinking snacks.
2576 Aurora Avenue N
The godfather of Seattle fine dining, Canlis is unbeatable for its view, atmosphere, and timeless mid-century live piano vibes. Their beverage program is epic—in particular the cocktails of head bartender Jose Castillo (order his pimento sherry martini)—and the food from new executive chef James Huffman shows verve and promise. Some untold amount of deals and agreements and contracts and marriage proposals have been sealed behind these doors over the last 75 years, so why not add your Dinner of Great Importance to the historic register?
Tech
The EV Battery Tech That’s Worth the Hype, According to Experts
														
You’ve seen the headlines: This battery breakthrough is going to change the electric vehicle forever. And then … silence. You head to the local showroom, and the cars all kind of look and feel the same.
WIRED got annoyed about this phenomenon. So we talked to battery technology experts about what’s really going on in electric vehicle batteries. Which technologies are here? Which will be, probably, but aren’t yet, so don’t hold your breath? What’s probably not coming anytime soon?
“It’s easy to get excited about these things, because batteries are so complex,” says Pranav Jaswani, a technology analyst at IDTechEx, a market intelligence firm. “Many little things are going to have such a big effect.” That’s why so many companies, including automakers, their suppliers, and battery-makers, are experimenting with so many bit parts of the battery. Swap one electrical conductor material for another, and an electric vehicle battery’s range might increase by 50 miles. Rejigger how battery packs are put together, and an automaker might bring down manufacturing costs enough to give consumers a break on the sales lot.
Still, experts say, it can take a long time to get even small tweaks into production cars—sometimes 10 years or more. “Obviously, we want to make sure that whatever we put in an EV works well and it passes safety standards,” says Evelina Stoikou, who leads the battery technology and supply chain team at BloombergNEF, a research firm. Ensuring that means scientists coming up with new ideas, and suppliers figuring out how to execute them; the automakers, in turn, rigorously test each iteration. All the while, everyone’s asking the most important question: Does this improvement make financial sense?
So it’s only logical that not every breakthrough in the lab makes it to the road. Here are the ones that really count—and the ones that haven’t quite panned out, at least so far.
It’s Really Happening
The big deal battery breakthroughs all have something in common: They’re related to the lithium-ion battery. Other battery chemistries are out there—more on them later—but in the next decade, it’s going to be hard to catch up with the dominant battery form. “Lithium-ion is already very mature,” says Stoikou. Lots of players have invested big money in the technology, so “any new one is going to have to compete with the status quo.”
Lithium Iron Phosphate
Why it’s exciting: LFP batteries use iron and phosphate instead of pricier and harder-to-source nickel and cobalt, which are found in conventional lithium-ion batteries. They’re also more stable and slower to degrade after multiple charges. The upshot: LFP batteries can help bring down the cost of manufacturing an EV, an especially important data point while Western electrics struggle to compete, cost-wise, with conventional gas-powered cars. LFP batteries are already common in China, and they’re set to become more popular in European and American electric vehicles in the coming years.
Why it’s hard: LFP is less energy dense than alternatives, meaning you can’t pack as much charge—or range—into each battery.
More Nickel
Why it’s exciting: The increased nickel content in lithium nickel manganese cobalt batteries ups the energy density, meaning more range in a battery pack without much more size or weight. Also, more nickel can mean less cobalt, a metal that’s both expensive and ethically dubious to obtain.
Why it’s hard: Batteries with higher nickel content are potentially less stable, which means they carry a higher risk of cracking or thermal runaway—fires. This means battery-makers experimenting with different nickel content have to spend more time and energy on the careful design of their products. That extra fussiness means more expense. For this reason, expect to see more nickel use in batteries for higher-end EVs.
Dry Electrode Process
Why it’s exciting: Usually, battery electrodes are made by mixing materials into a solvent slurry, which then is applied to a metal current collector foil, dried, and pressed. The dry electrode process cuts down on the solvents by mixing the materials in dry powder form before application and lamination. Less solvent means fewer environmental and health and safety concerns. And getting rid of the drying process can save production time—and up efficiency—while reducing the physical footprint needed to manufacture batteries. This all can lead to cheaper manufacturing, “which should trickle down to make a cheaper car,” says Jaswani. Tesla has already incorporated a dry anode process into its battery-making. (The anode is the negative electrode that stores lithium ions while a battery is charging.) LG and Samsung SGI are also working on pilot production lines.
Why it’s hard: Using dry powders can be more technically complicated.
Cell-to-Pack
Why it’s exciting: In your standard electric vehicle battery, individual battery cells get grouped into modules, which are then assembled into packs. Not so in cell-to-pack, which puts cells directly into a pack structure without the middle module step. This lets battery-makers fit more battery into the same space, and can lead to some 50 additional miles of range and higher top speeds, says Jaswani. It also brings down manufacturing costs, savings that can be passed down to the car buyer. Big-time automakers including Tesla and BYD, plus Chinese battery giant CATL, are already using the tech.
Why it’s hard: Without modules, it can be harder to control thermal runaway and maintain the battery pack’s structure. Plus, cell-to-pack makes replacing a faulty battery cell much harder, which means smaller flaws can require opening or even replacing the entire pack.
Silicon Anodes
Why it’s exciting: Lithium-ion batteries have graphite anodes. Adding silicon to the mix, though, could have huge upsides: more energy storage (meaning longer driving ranges) and faster charging, potentially down to a blazing six to 10 minutes to top up. Tesla already mixes a bit of silicon into its graphite anodes, and other automakers—Mercedes-Benz, General Motors—say they’re getting close to mass production.
Why it’s hard: Silicon alloyed with lithium expands and contracts as it goes through the charging and discharging cycle, which can cause mechanical stress and even fracturing. Over time, this can lead to more dramatic battery capacity losses. For now, you’re more likely to find silicon anodes in smaller batteries, like those in phones or even motorcycles.
It’s Kind of Happening
The battery tech in the more speculative bucket has undergone plenty of testing. But it’s still not quite at a place where most manufacturers are building production lines and putting it into cars.
Sodium-Ion Batteries
Why it’s exciting: Sodium—it’s everywhere! Compared to lithium, the element is cheaper and easier to find and process, which means tracking down the materials to build sodium-ion batteries could give automakers a supply chain break. The batteries also seem to perform better in extreme temperatures, and are more stable. Chinese battery-maker CATL says it will start mass production of the batteries next year and that the batteries could eventually cover 40 percent of the Chinese passenger-vehicle market.
Why it’s hard: Sodium ions are heavier than their lithium counterparts, so they generally store less energy per battery pack. That could make them a better fit for battery storage than for vehicles. It’s also early days for this tech, which means fewer suppliers and fewer time-tested manufacturing processes.
Solid State Batteries
Why it’s exciting: Automakers have been promising for years that groundbreaking solid state batteries are right around the corner. That would be great, if true. This tech subs the liquid or gel electrolytes in a conventional li-ion battery for a solid electrolyte. These electrolytes should come in different chemistries, but they all have some big advantages: more energy density, faster charging, more durability, fewer safety risks (no liquid electrolyte means no leaks). Toyota says it will finally launch its first vehicles with solid state batteries in 2027 or 2028. BloombergNEF projects that by 2035, solid state batteries will account for 10 percent of EV and storage production.
Why it’s hard: Some solid electrolytes have a hard time at low temperatures. The biggest issues, however, have to do with manufacturing. Putting together these new batteries requires new equipment. It’s really hard to build defect-free layers of electrolyte. And the industry hasn’t come to an agreement about which solid electrolyte to use, which makes it hard to create supply chains.
Maybe It’ll Happen
Good ideas don’t always make a ton of sense in the real world.
Wireless Charging
Why it’s exciting: Park your car, get out, and have it charge up while you wait—no plugs required. Wireless charging could be the peak of convenience, and some automakers insist it’s coming. Porsche, for example, is showing off a prototype, with plans to roll out the real thing next year.
Why it’s hard: The issue, says Jaswani, is that the tech underlying the chargers we have right now works perfectly well and is much cheaper to install. He expects that eventually, wireless charging will show up in some restricted use cases—maybe in buses, for example, that could charge up throughout their routes if they stop on top of a charging pad. But this tech may never go truly mainstream, he says.
Tech
Nokia, Rohde & Schwarz collaborate on AI-powered 6G receiver | Computer Weekly
														
The precise technological definition of 6G networks is still some time away, but it seems clear that one of the biggest anticipated challenges of 6G network roll-outs will be coverage limitations inherent in 6G’s higher-frequency spectrum, and looking to alleviate the issue, Nokia and Rohde & Schwarz have created and tested a 6G radio receiver that uses artificial intelligence (AI) technologies to overcome potential limitations.
The global comms tech provider and test and measurement company are confident that the fruits of their work – namely AI-powered receiver technology using machine learning – can greatly enhance future 6G coverage, creating cost savings and accelerating time to market.
From a core technological basis, the AI technology is designed to identify and compensate for distortion in wireless signals, leading to substantial improvements in 6G uplink coverage.
Specifically, the machine learning capabilities in the receiver are designed to boost uplink distance greatly, enhancing coverage for forthcoming 6G networks. This will help operators roll out 6G over their existing 5G footprints, reducing deployment costs and accelerating time to market.
Nokia Bell Labs developed the receiver and validated it using 6G test equipment and methodologies from Rohde & Schwarz. The firms say they tested the AI receiver under real-world conditions, achieving uplink distance improvements compared with current receiver technologies ranging from 10% to 25%.
The testbed comprised an R&S SMW200A vector signal generator, used for uplink signal generation and channel emulation. On the receive side, an FSWX signal and spectrum analyser from Rohde & Schwarz was employed to perform the AI inference for Nokia’s AI receiver.
In addition to enhancing coverage, the firms noted that the AI technology also demonstrated improved throughput and power efficiency, multiplying the benefits it will provide in the 6G era.
Assessing the work done on the project, Peter Vetter, president of core research for Bell Labs at Nokia, said: “One of the key issues facing future 6G deployments is the coverage limitations inherent in 6G’s higher-frequency spectrum. Typically, we would need to build denser networks with more cell sites to overcome this problem. By boosting the coverage of 6G receivers, however, AI technology will help us build 6G infrastructure over current 5G footprints.”
Michael Fischlein, vice-president of spectrum and network analysers, EMC and antenna test at Rohde & Schwarz, added: “Rohde & Schwarz is excited to collaborate with Nokia in pioneering AI-driven 6G receiver technology.
“Leveraging more than 90 years of experience in test and measurement, we’re uniquely positioned to support the development of next-generation wireless, allowing us to evaluate and refine AI algorithms at this crucial pre-standardisation stage. This partnership builds on our long history of innovation and demonstrates our commitment to shaping the future of 6G.”
The work with R&S comes just a week after Nokia announced a strategic partnership with Nvidia to add the former’s AI-powered RAN products to Nokia’s RAN portfolio, enabling communication service providers to launch AI-native 5G Advanced and 6G networks on Nvidia platforms.
With their AI-RAN systems, Nokia and Nvidia are confident that mobile operators can improve performance and efficiency as well as enhance network experiences for future generative AI and agentic AI applications and experiences. They will be able to introduce AI services for 6G with the same infrastructure, powering billions of new connections for cars, robots, drones, and augmented and virtual reality glasses that demand connectivity, computing and sensing at the edge.
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