BNB News Update: CZ’s Pardon Signals End to Crypto Conflict, Markets Rally Amid Eased Regulations

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BNB News Update: CZ’s Pardon Signals End to Crypto Conflict, Markets Rally Amid Eased Regulations

Bitget-RWA2025/10/24 20:40

By:Bitget-RWA

- U.S. President Trump's pardon of Binance founder CZ triggered a crypto market surge, with BNB rising 3.3% to $1,126 and altcoins like WLFI (+12%) and ASTER (+20%) gaining traction. - The move, framed as ending the "crypto war," eased regulatory pressures on Binance, though its early listing of WLFI highlighted concerns over market influence and project visibility. - Meme coins like BullZilla and DOGE saw speculative gains, driven by social media momentum and renewed institutional interest amid lingering

The recent decision by U.S. President Donald Trump to pardon Binance founder Changpeng Zhao (CZ) has sparked a rally in the cryptocurrency market, with Binance Coin (BNB) and a number of alternative coins posting notable price increases.

BNB

climbed 3.3% to reach $1,126 within a day of the news, surpassing the overall market's performance, as reported by

Yahoo Finance report

. White House Press Secretary Karoline Leavitt characterized the move as bringing an end to the "war on cryptocurrency," signaling a possible return of CZ to Binance's leadership and suggesting that regulatory scrutiny on the platform may ease.

The positive momentum also spread to altcoins, with

World Liberty Financial

(WLFI) and

Aster

(ASTER) ranking among the top gainers.

WLFI

jumped 12% to hit a local peak of $0.14, while ASTER soared 20% to $1.13, according to a

TradingView report

. Although Binance has denied any direct involvement with these tokens, its early listing of WLFI last September has brought attention to its influence in boosting their exposure. ChainOpera AI (COAI) and

Zcash

(ZEC) also posted double-digit growth, reflecting a broader wave of optimism in the sector.

BNB News Update: CZ’s Pardon Signals End to Crypto Conflict, Markets Rally Amid Eased Regulations image 0

Elsewhere, the

meme

coin market continues to draw speculative traders.

Dogecoin

(DOGE) has held steady in price, while

Dogwifhat

(WIF) saw gains fueled by social media buzz. Experts link the recent surge to both CZ's pardon and a resurgence of institutional interest, though they caution that regulatory uncertainties still pose risks.

The crypto market's response to CZ's release highlights the significant impact of geopolitical events on digital asset trends. Binance's BNB token saw its trading volume jump 35% above its weekly average, with investors buying at key resistance points, as noted by Yahoo Finance. David Namdar, CEO of CEA Industries, pointed to BNB's solid fundamentals, such as its extensive global user base and its role in both DeFi and CeFi platforms.

Despite the recent upswing, the overall crypto market remains unpredictable. A $19 billion crash earlier this year has dampened some enthusiasm, but analysts like Cointelegraph's Finance Redefined believe

Bitcoin

could still reach $200,000 by 2025 if regulatory conditions improve. The future direction of the market will likely depend on the balance between macroeconomic trends and regulatory changes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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