Exchange to at the best exchange rate with Trustchange

[TrustChange]

Using crypto without banks. How TrustChange works

TrustChange is a platform that allows users to exchange cryptocurrencies without relying on traditional banking systems. It is available to both experienced cryptocurrency users and those new to the field.

▪️ Independence from banking institutions
The platform does not require integration with banks to complete transactions. Users can exchange crypto assets without the need for bank approval or mediation. This can provide access to financial transactions in regions where banking infrastructure is limited or unavailable.

▪️ Direct transactions between users
TrustChange supports peer-to-peer exchanges. The platform’s architecture enables users to carry out transactions directly with one another, bypassing traditional intermediaries. This may reduce delays typically associated with third-party financial services.

▪️ Real-time exchange rates
TrustChange displays current exchange rates that reflect real-time market conditions. This allows users to make transactions based on the latest pricing without relying on delayed or fixed rates.

▪️ Security protocols and transaction protection
The platform uses encryption and digital wallet technology to protect user data and store assets. Transactions are processed through systems designed to ensure consistency and integrity without disclosing sensitive user information.

TrustChange functions as a tool for those interested in decentralized financial activity, offering an alternative to bank-dependent crypto operations.

[TrustChange]

Free crypto storage option available via TrustChange

Some crypto platforms now offer commission-free storage for digital assets. TrustChange is one such platform, providing users with the ability to store a variety of cryptocurrencies without ongoing storage fees.

▪️ No storage fees
Users can keep their crypto assets on the platform without paying any commission or maintenance charges. This may be relevant for those looking to reduce overhead costs.

▪️ Accessible from multiple devices
The platform allows users to access their assets from different devices at any time. This could be useful for those who regularly check or manage their portfolios on the go.

▪️ Security protocols in place
TrustChange applies standard encryption and protection measures to safeguard user funds and data. While fees are not charged, security remains a core component.

▪️ Support for multiple currencies
The platform supports a range of digital assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as various altcoins.

This is one of the available options for storing crypto assets with no associated storage fees. Suitability may vary depending on individual needs and preferences.

[TrustChange]

Crypto market faces record $19 billion liquidation wave

A massive crypto sell-off on October 10 triggered over $19 billion in liquidations within 24 hours, marking the largest in market history, according to Coinglass. The crash followed U.S. President Donald Trump's announcement of new 100% tariffs on Chinese goods and potential export restrictions on critical software. Markets reacted instantly, with global equities and crypto plunging.

Bitcoin briefly fell to $102,000, while altcoins suffered sharper declines — Ethereum dropped 14% to $3,700, and Solana dipped below $175. Overall, the crypto market lost nearly 10% of its total capitalization in a single day. Despite a mild recovery, volatility remains extreme across exchanges.

Coinglass reported that more than 1.6 million traders saw their positions forcibly closed, totaling over $19 billion, with long positions accounting for $16 billion. The largest share came from Hyperliquid, which recorded $10.3 billion in liquidations and a single trader loss exceeding $203 million.

Exchange platforms also faced outages under heavy load, delaying liquidation reports. Analysts note that the final figures could be even higher, as some exchanges — including Binance — release liquidation data with significant delays.

[TrustChange]

New York mayor establishes office for digital assets and blockchain

New York City Mayor Eric Adams has signed an executive order creating the Office of Digital Assets and Blockchain — the first of its kind in the U.S. The office will be led by Moises Rendon, Adams' former advisor on cryptocurrency policy. It aims to position New York as a global leader in the digital economy.

The new office will promote responsible Web3 innovation and attract top-tier talent and partners. It will also coordinate communication between the blockchain industry and city authorities. Collaboration with the Office of Technology and Innovation (OTI) will be central to its work.

Mayor Adams emphasized that adopting new technologies helps make the city safer and more accessible. He has been a vocal supporter of crypto, even receiving part of his salary in digital assets. Adams also formed a crypto advisory council earlier this year and endorsed the idea of Bitcoin-based bonds.

Newly appointed director Moises Rendon said his first priority is to assemble an expert commission to guide pilot blockchain projects. These initiatives will explore how distributed ledger technology can enhance transparency and efficiency in city services. The office will also focus on inclusion and expanding financial opportunities for underbanked communities.

[TrustChange]

Trump pardons former Binance CEO Changpeng Zhao

U.S. President Donald Trump has pardoned former Binance CEO Changpeng Zhao, who served four months in prison. Zhao confirmed the news on his X account. He previously stepped down from all leadership roles at Binance as part of a settlement.

CZ was sentenced in April 2024 for compliance violations tied to Binance's operations. He entered prison in June and was released in late September. Since then, he has focused on an educational project called Giggle Academy.

Reports last year suggested discussions about a potential pardon linked to U.S. political interests in crypto. Zhao later submitted a formal request for clemency. The White House confirmed Trump signed the pardon on Oct. 23, saying Zhao was targeted by the prior administration.

Zhao thanked Trump for the decision and voiced support for crypto innovation in the U.S. The news sparked speculation that Trump may also consider clemency for former FTX CEO Sam Bankman-Fried. His appeal hearing is set for Nov. 4.

[TrustChange]

SBF publishes new claims about FTX bankruptcy
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Sam Bankman-Fried shared a document on October 31, 2025, claiming FTX was solvent at the time of its collapse. He alleges the bankruptcy team effectively seized control of the company. The post was published on his X account by an unnamed associate.

The document states FTX held $14.6 billion in assets during bankruptcy and could compensate customers at 119%–143% of their balances. It claims 98% of users have already received an average of 120% in payouts. Bankman-Fried argues the crisis in November 2022 was a liquidity issue, not insolvency.

SBF also accuses the law firm Sullivan & Cromwell of intentionally pushing FTX into bankruptcy. He says lawyers sold assets at undervalued prices, prolonged the process, and caused losses of about $120 billion. According to him, FTX could have repaid all customers in 2022 without converting deposits to dollar values.

The publication comes as SBF seeks political favor, including a potential pardon from President Donald Trump. Critics, including investigator ZachXBT, dismissed the document as an attempt to shift blame. They argue SBF is misrepresenting the situation and exploiting the rise in FTX-related asset values.

[TrustChange]

IRS clears staking for crypto trusts and ETPs

The U.S. Internal Revenue Service has released new guidelines allowing crypto investment trusts and exchange-traded products to earn staking rewards without losing their tax status. The rules were published as Revenue Procedure 2025-31 and take effect immediately. The decision is aimed at clarifying how staking fits within existing U.S. tax frameworks.

U.S. Treasury Secretary Scott Bessent called the update a "clear path" for trusts to participate in staking while remaining compliant. He noted that the guidance strengthens investor benefits and encourages innovation in the digital asset sector. According to Bessent, this step helps the U.S. maintain its position as a global leader in blockchain and crypto regulation.

The document introduces a "safe harbor" framework that lets trusts stake assets like Ethereum without risking their classification. To qualify, trusts must hold a single digital asset type, use a qualified custodian, and maintain SEC-approved liquidity standards. They must also keep independent relationships with staking providers and limit activities to custody, staking, and redemptions.

Legal experts say the policy removes a major regulatory barrier for products like crypto ETFs and institutional trusts. Consensys attorney Bill Hughes notes that the safe harbor brings long-awaited clarity and positions staking as a legitimate, conservative income strategy. The update comes as the first U.S. spot staking ETFs launch, including the REX-Osprey ETH Staking ETF and upcoming Solana-based products from Bitwise and Grayscale.