US President Donald Trump said he doesn't know who Changpeng Zhao is, whom he personally pardoned a few days earlier.
Binance Coin (BNB) cryptocurrency surged 8% after President Donald Trump pardoned the exchange's co-founder, Changpeng Zhao. Zhao had served a four-month prison sentence for violating anti-money laundering rules.
US President Donald Trump has pardoned Binance founder Zhao, with the White House announcing the "end of the war against cryptocurrency. "
Bitcoin stabilized after a fall, trading at $112,292. 5, amid trade tensions between the US and China. Markets expect a 25 basis point Fed rate cut in October with a 99.6% probability.
On October 11, 2025, the crypto exchange Binance suffered a market collapse of $19 billion due to an architectural flaw in the crypto exchange's system. How this could have been avoided - UNN was explained by fintech expert and co-founder of Concord Fintech Solutions Olena Sosedka.
Bitcoin reached an all-time high of $126,000, according to Binance exchange data. Its value subsequently dropped to $125,000.
The Trump family earned up to $6 billion through the World Liberty crypto project, drawing criticism regarding potential political influence. The company claims independence from politics, and its value has surpassed Trump's real estate holdings.
