Digital assets linked to Binance and President Donald Trump soared Thursday following news that the U.S. leader pardoned the cryptocurrency exchange's former CEO and founder Changpeng “CZ” Chao.
Binance's BNB According to crypto data provider CoinGecko, the token recently gained around 4.7%, trading at around $1,115, making it one of the best-performing cryptocurrencies. BNB rose to $1,149 earlier in the day.
world liberty financial—WLFI—rose further. The Trump- and Binance-backed asset operates on Ethereum, and its price recently rose above $0.14 after surging 15.2% since the same time on Wednesday.
and 4the meme coin linked to by Mr. Zhao's X posts as a way to enumerate reasons why cryptocurrencies won't fail, rose 32% on the day to over $0.11.
This token will run on Binance’s BNB chain, allowing developers to introduce new assets and build apps.
thursday white house Confirmed to decryption President Trump announced that he has pardoned Binance founder Chao.
Mr. Zhao pleaded guilty in 2023 to violating U.S. law on money laundering charges and was sentenced to four months in prison in 2024.
The Fed has been pursuing Zhao for years, alleging that the former Binance boss allowed individuals involved in crypto theft and terrorism to use the world's largest cryptocurrency exchange.
“I am deeply grateful to President Trump for today's pardon and for supporting America's commitment to equity, innovation, and justice,” Zhao wrote in an article for X on Thursday.
We are deeply grateful to President Trump for today's pardon and for supporting America's commitment to equity, innovation, and justice.
🙏🙏🙏🙏We are committed to making America the cryptocurrency capital and advancing Web3 around the world.
(More posts to come as it's still in flight.)
— CZ🔶BNB (@cz_binance) October 23, 2025
Binance has ties to the Trump-backed World Liberty Financial Project: The project's USD1 stablecoin is available BNB, and $2 billion investment The payment from Abu Dhabi-based sovereign wealth fund MGX to Binance was made using tokens.
The rally was part of a broader market rally that has regained ground lost in recent weeks. Bitcointhe largest cryptocurrency by market capitalization, has recently risen nearly 2%. Ethereumthe second-largest digital asset by market value, recently gained 1.3%.
Cryptocurrencies have taken a hit along with other risk-on assets as investors worry about the US global trade war and other macroeconomic uncertainties.
