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On October 24th, based on market information, President Trump of the United States stated that the reason he granted a pardon to the founder of Binance, CZ, was that "he is innocent" and "is a victim of persecution by the Biden administration."

On October 24th, as monitored by whale_alert, a dormant wallet address that had remained inactive for more than 14 years has just been activated. It contains 4,000 BTC, which is worth 442 million USD. In 2011, these bitcoins were only worth 67,724 USD.

According to White House sources, on October 24th, the Chinese and U.S. presidents are scheduled to hold a meeting on Thursday.

On October 24th, according to HTX market data, Bitcoin witnessed a short-term surge that reached $11.1K, and there was a 24-hour price increase of 2.72%.

On October 24th, Binance CEO Richard Teng expressed his gratitude in a post after Trump's pardon. He said, "Thank you to President Trump. The news of CZ's pardon is worthy of reflection - not only regarding his personal journey but also the development of the cryptocurrency industry." "CZ's belief in the power of cryptocurrency and his efforts to empower users have laid the foundation for many achievements today. At Binance, we are moving forward with a renewed sense of mission. We are writing a new chapter - focusing on enhancing financial accessibility by reducing costs, enhancing trust, and promoting global innovation. We are always ready to support policymakers in the United States and around the world to create a more open and convenient financial future for the public."

On October 24th, today, the White House Press Secretary, Caroline Levitt, stated in an official statement that President Trump has exercised his constitutional power to pardon CZ. CZ was indicted during the Biden administration's cryptocurrency war. The sentence was considered too harsh, and now the cryptocurrency war has ended. The pardon of CZ is not only a turning point in his personal fate but is also widely regarded as a strong signal of the U.S. government's policy shift towards the cryptocurrency industry, indicating that the cryptocurrency industry is gaining higher political attention and a more lenient regulatory environment. A presidential pardon will not completely erase the charges, but it can restore some rights. The pardon could potentially enable CZ to return to the Binance management team or once again open the door for Binance's operations in the United States. In early September of this year, rumors began to spread that CZ might receive a pardon after CZ quietly rem