Here are the latest updates regarding Binance (and its founder) and what they might mean — I’m not giving financial advice, just summarising what’s going on.
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✅ What’s happened
1. The founder of Binance, Changpeng Zhao (also known as “CZ”), has been pardoned by U.S. President Donald Trump. He had previously pleaded guilty (in 2023) to violations of the Bank Secrecy Act and served about four months in prison.
As part of the earlier settlement, Binance paid over US$4.3 billion in penalties.
The pardon was framed by the White House as a corrective move against what it described as an “over-prosecution” of the crypto industry.
In response CZ posted on X: “Deeply grateful for today’s pardon … We will do everything we can to help make America the Capital of Crypto and advance Web3 worldwide.”
2. Concurrently, Binance published a market update indicating:
The global crypto market cap is ~US$3.69 trillion, up ~1.3% in the last 24 h.
Their token BNB (which is closely linked to Binance) is trading around US$1,100+ and showing gains in the short term.
The Binance Chain (and cross-chain flows) are highlighted: e.g., $1.1 billion in cross-chain inflows over the last 30 days.
3. Some market reactions and implications:
Tokens linked to CZ and Binance (and even Trump-crypto ventures) surged in price after the pardon news. For example, BNB was reported up ~4.7% in one article following the news.
On prediction markets (e.g., polling on whether CZ will return to Binance), the odds increased significantly for his return after the pardon.
Some regulatory/industry-watchers see the pardon as signaling a more “crypto-friendly” era in U.S. policy under Trump, which may impact firms like Binance.
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⚠️ What to keep in mind
Although CZ is pardoned, this does not automatically erase all regulatory scrutiny or past violations of Binance. The platform still faces global regulatory challenges.
A one-day price surge for BNB or affiliated tokens doesn’t guarantee long-term trend or performance.
The policy/regulation environment remains uncertain: while this move may ease some U.S. pressure, many regional regulators (EU, Asia, etc.) have their own frameworks and may act differently.
On the market side: inflows and chain metrics (like cross-chain flows) are positive signals but also reflect speculative activity; caution is wise.
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🧮 What this might mean for you (if you’re tracking Binance/crypto)
If you're watching BNB or tokens on the Binance ecosystem: short-term sentiment is positive following the pardon.
If you’re considering exposure (investment/trade) in BNB or crypto tied to Binance: this update might increase interest, but your decision should account for risk, regulation, and your time-horizon.
If you’re based in Pakistan (like you are): note that local regulation, taxation, and fiat-on/off-ramp availability matter a lot — international news is only part of the picture.
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