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At 9am today, five Wall Street Journal journalists published a claim that Binance founder Changpeng Zhao (CZ) is seeking a presidential pardon from Donald Trump . Their reporting acknowledges CZ’s completion of a four-month prison sentence and claims that unnamed sources familiar with the matter believe CZ has pushed forward with his request despite already serving a sentence. Although the reporters do not speculate on other misdeeds, a US president has the sole authority to preemptively pardon for crimes for which an individual does not yet have a conviction. Per Article II, Section 2, Clause 1 of the US Constitution and Supreme Court precedent in Ex parte Garland (1867), the president wields “unlimited” pardoning power applicable to “every offence known to the law,” even “before legal proceedings are taken.” In addition, Wall Street Journal reporters claim that Binance wants the Trump family or one of its entities, like World Liberty Financial, to invest in Binance. As part...

When Donald Trump secured the 2025 US presidency on Tuesday night, some of the world’s richest men were celebrating their own, personal windfalls. No one made more money overnight than billionaire Elon Musk, for example, whose net worth popped from $264 to $290 billion within 24 hours of Trump’s victory. Shares of his automaker Tesla have soared 20% since Trump beat Kamala Harris. However, the crypto industry also had its own, albeit slightly more modest, tale of newfound riches. According to an estimate by Bloomberg, the net worth of Binance founder Changpeng Zhao (CZ) rallied an estimated $12 billion from US election day to the following morning. On Tuesday, Bloomberg said CZ was worth $38 billion. Today, it estimates him at $52.7 billion. CZ’s net worth has ballooned from $38 billion to nearly $53 billion in two days. Forbes has its own, more generous methodology for estimating the Binance executive’s wealth. Although it does not provide a history of its estima...

CZ Response On Selling BTC In response to a tweet by Skew, CZ vehemently denied the claims of selling BTC. Through his official Twitter account, CZ (@ CZ _ Binance ) stated, advertisement “Binance has not sold BTC or BNB. We even still have a bag of FTT.” He further expressed astonishment at the notion that one can determine specific sellers based solely on a price chart involving millions of traders, dismissing it as FUD (Fear, Uncertainty, and Doubt). Skew claimed that BTC was being sold off for USDT reserves, which were then aggressively used to pump into BNB since May 27th. Additionally, BNB was allegedly sold off for BUSD to suppress volatility in BTC, and BUSD was further pumped into BTC to suppress downside volatility, allowing for BTC to be swapped out for USDT. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...