On October 23, the price of BNB rose nearly 6% after US President Donald Trump granted clemency to Binance founder, Changpeng Zhao. This brought BNB's market capitalization to over $157 billion, making it the 4th largest digital asset, surpassing XRP. Within 30 minutes, the price of BNB briefly touched $1.148 before stabilizing around $1.130.

CZ expressed gratitude and his renewed commitment to the industry. Many were surprised by the timing of this clemency. In the Polymarket prediction market, the likelihood of Trump granting clemency before October 31 dropped drastically from 50% on October 11 to only 5% a few hours before the official announcement. Aster, another digital asset associated with CZ, also saw its price surge by over 12% to reach $1.08 after this news. #CZ