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BNB Hits Record as Traders Weigh Odds of Trump Pardon for CZ

Even-odds clemency pricing now guides views on Binance’s exposure to U.S. enforcement.

Overview

  • BNB touched about $1,083 intraday over the weekend before easing in a broader market pullback, according to data cited by Bloomberg.
  • On Polymarket, the probability of a pardon for Changpeng Zhao peaked near 64% on September 13 and has since hovered around 50%.
  • Zhao stepped down in 2023 and served four months in 2024 under a $4.3 billion settlement, and he said in May that he is seeking a pardon from President Donald Trump.
  • Binance remains under Justice Department oversight, with reports indicating potential progress toward removing an external compliance monitor.
  • Reporting has linked Binance to a stablecoin effort by World Liberty Financial, a Trump‑connected firm, while accumulators hold roughly $560 million of BNB, or about 0.4% of supply.