President Donald Trump granted clemency to Changpeng Zhao, the former CEO of Binance, who had pleaded guilty to violating U.S. anti-money laundering laws. Zhao's pardon comes after he served four months in prison and highlights Binance's connections to the Trump family's financial ventures, particularly through their crypto platform, World Liberty Financial.

A crypto trader who previously profited $190 million by shorting the market before a tariff announcement has reportedly made an additional $56,522 betting on a pardon for Binance founder Changpeng Zhao by Donald Trump. While some speculate about potential insider knowledge due to the trader's timely moves, others argue that the pardon was widely anticipated, making the bet seem less suspicious.