突然，全线大涨！币圈，大消息！

Core Insights - The recent pardon by former President Trump for Zhao Changpeng, the founder of Binance, has led to a significant surge in the cryptocurrency market, particularly in Binance Coin (BNB) and Bitcoin [1][6]. Cryptocurrency Market Reaction - On October 24, the cryptocurrency market experienced a collective rise, with Bitcoin increasing by over 2%, Binance Coin by over 4%, and Ethereum by over 1% [1]. - Specific price movements included Bitcoin at $110,480 with a 2.23% increase, Binance Coin at $1,131 with a 4.45% increase, and Ethereum at $3,877 with a 1.52% increase [2]. Liquidation Events - In the past 24 hours, over 100,000 traders faced liquidation, with a total liquidation amount of $226 million. The largest single liquidation occurred on Bybit for Bitcoin, valued at $8 million [4][5]. Background on Zhao Changpeng and Binance - Zhao Changpeng founded Binance in 2017, which has grown to be the largest cryptocurrency exchange globally. In June 2023, the SEC filed 13 charges against Binance and Zhao, including allegations of inflated trading volumes and mishandling customer funds [7]. - Zhao reached a plea agreement with the U.S. government in November 2023, resulting in a four-month prison sentence and a $4.3 billion fine for Binance's involvement in money laundering and other violations [7]. - Despite stepping down as CEO, Zhao has recently updated his social media profile to reflect his current status with Binance, sparking discussions on social media [7].