Binance News: Trump Grants Pardons to BitMEX Founders and Former Employee

In a surprising turn of events, the cryptocurrency world has witnessed a significant development as former President Donald Trump has granted full pardons to the key figures involved in the BitMEX scandal. Here’s a closer look at what this means for the exchange and its founders.

Trump Grants Pardons to BitMEX Founders and Former Employee

President Donald Trump has granted full pardons to the co-founders of BitMEX, Arthur Hayes, Benjamin Delo, and Samuel Reed, along with their former employee Gregory Dwyer. BitMEX was previously accused of failing to implement proper anti-money laundering measures, which led to legal battles and significant fines for all individuals involved. This decision has cleared all the individuals and the platform from any legal issues related to their past activities, drawing significant attention in the crypto world.

Pepe Coin Whale Moves 500B Tokens, Impact On Price?

A massive whale transaction involving 500 billion PEPE Coin (PEPE) tokens sparked significant interest across the crypto market. The accumulation, tracked through on-chain data, suggested rising investor confidence, with market analysts predicting a major price surge. Amid growing momentum, PEPE’s performance has outshined both Bitcoin and competing meme coins, fueling speculation about a parabolic rally. According to Lookonchain, a crypto analytics platform, a newly created wallet recently withdrew 500 billion PEPE tokens from Binance. The substantial accumulation has strengthened bullish sentiment, reinforcing expectations of a supply squeeze on centralized exchanges (CEXs). Typically, large withdrawals signal long-term holding intentions, reducing circulating supply.