Core Insights - Digital assets related to Binance and President Donald Trump experienced significant gains following the news of Trump's pardon for Binance's ex-CEO, Changpeng "CZ" Zhao [1][3] - Binance's BNB token rose approximately 4.7% to around $1,115, with a peak of $1,149 earlier in the day [1] - World Liberty Financial, a Trump- and Binance-backed asset, surged by 15.2% to over $0.14, while a meme coin linked to Zhao's posts increased by 32% to over $0.11 [2] Company Developments - The White House confirmed that President Trump pardoned Zhao, who had previously pleaded guilty to money laundering charges and served four months in prison [3] - Zhao expressed gratitude for the pardon, highlighting the commitment to fairness, innovation, and justice [4] - Binance is linked to the World Liberty Financial project, which has a stablecoin available on the BNB chain and received a $2 billion investment from Abu Dhabi's MGX using the token [4] Market Context - The gains in Binance-related assets contributed to a broader market recovery, with Bitcoin up nearly 2% and Ethereum rising 1.3% [5] - The cryptocurrency market has faced challenges due to macroeconomic uncertainties and concerns over the U.S. global trade war [5]