The White House has confirmed it will not pardon Sam Bankman-Fried (SBF), the former CEO of FTX, amid ongoing legal proceedings. In a separate development, Block has announced a significant workforce reduction, laying off more than 4,000 employees as part of its restructuring efforts. Meanwhile, blockchain investigator ZachXBT has revealed insider trading activities involving meme coins. Additionally, U.S. senators have launched an investigation into Binance concerning the flow of $1.7 billion linked to Iran.