A crypto trader who profited $190 million by shorting the market before a tariff announcement is now believed to have made another $56,522 by betting on President Trump's pardon of Binance founder Changpeng Zhao. While some speculate insider knowledge due to the timing of the trades, others argue that the pardon was widely anticipated in the crypto community.

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.