Binance Founder CZ Seeks Presidential Pardon Amid Legal Developments
Changpeng Zhao (CZ), the former CEO of Binance, has formally applied for a presidential pardon from Donald Trump. This move follows media speculation in March about his intentions. During an interview on the Farokh Radio podcast, CZ confirmed the application but clarified that he has no plans to return to a leadership role at the cryptocurrency exchange. The decision to seek clemency marks a significant development in CZ’s legal journey, which has been closely watched by the crypto community. As of May 10, 2025, the outcome of this application remains uncertain, but it underscores the ongoing intersection of cryptocurrency and regulatory frameworks.
Binance Founder CZ Seeks Presidential Pardon Amid Legal Developments
Changpeng Zhao, the former CEO of Binance, has formally applied for a presidential pardon from Donald Trump. The application was submitted through his legal team following media reports in March that speculated about his intentions. Zhao confirmed the move during an interview on the Farokh Radio podcast but emphasized he has no plans to return to a leadership role at the crypto exchange.
The decision to seek clemency comes amid heightened scrutiny of crypto ventures linked to political figures. Zhao’s legal strategy appears reactive—his team filed only after Bloomberg and The Wall Street Journal published articles suggesting he was pursuing a pardon. This development underscores the growing intersection of cryptocurrency and regulatory diplomacy.
USD1 Stablecoin Surges 1,540% to $2.1B Amid Trump Affiliation Speculation
The USD1 stablecoin, issued by World Liberty Financial Inc. (WLFI) with ties to former President Donald Trump, has seen its market capitalization explode from $128 million to over $2.1 billion in less than a week. This 1,540% surge positions USD1 as the seventh-largest stablecoin globally.
Massive token mints on Binance Smart Chain, some exceeding $90 million per transaction, fueled the rapid expansion. Blockchain data shows the supply spike occurred between April 27-30, with multiple large minting events recorded on BscScan.
Market observers are now scrutinizing whether the Trump-linked stablecoin can maintain its peg amid such volatile growth. The token’s unprecedented rise comes during a period of heightened political interest in cryptocurrency markets.
Bitcoin Bulls In Control as Binance Taker Buy-Sell Ratio Signals Strong Momentum
Bitcoin’s bullish momentum appears to be strengthening, with the Binance Taker Buy-Sell Ratio climbing to 1.131, according to on-chain analyst Crazzyblockk. This metric, which measures aggressive buyer dominance on Binance, suggests upward pressure as BTC trades above $100,000.
The ratio’s position above 1 clearly indicates market control by buyers—a stark contrast to bearish conditions signaled by values below that threshold. Such movements often precede sustained price rallies when accompanied by strong volume and market depth.
Dogecoin Shows Bullish Signals After Prolonged Consolidation, Analyst Says
Dogecoin appears poised to break out of a three-year consolidation phase following its 2021 peak, according to crypto analyst Maelius. The meme coin’s weekly chart reveals a 7.2% gain, with the DOGE/USDT pair trading at $0.1828 on Binance.
Key technical indicators show Dogecoin maintaining support above the rising 200-week EMA at $0.138, while testing resistance near the 50-week EMA at $0.203. The asset has established a strong demand zone between $0.11 and $0.20, suggesting accumulation at these levels.
70% of dogwifhat Traders Go Long as WIF Eyes $0.78 Amid Market Rally
Dogwifhat (WIF), the Solana-based memecoin, has extended its bullish streak for a third consecutive day, buoyed by a broader market rebound. Trading NEAR $0.62 with a 9% daily gain, the token reflects growing trader confidence—70.10% of Binance positions are now long.
Liquidation risks loom around key levels at $0.582 and $0.633, where overleveraged bets could amplify volatility. The rally aligns with a market-wide sentiment shift, as memecoins capitalize on renewed speculative interest.
Bitcoin and Ethereum Short Squeeze Triggers $1 Billion Liquidation Event After US-UK Trade Deal
A violent short squeeze ripped through cryptocurrency markets as Bitcoin surged past $100,000 and Ethereum breached $2,100 following the announcement of a US-UK trade agreement. Nearly $1 billion in Leveraged positions were liquidated within 24 hours, with short sellers bearing the brunt of $834 million in forced closures.
The most catastrophic single liquidation occurred on Binance’s BTC/USDT pair, where an $11.97 million position was wiped out. Market analysts attribute the violent price action to cascading liquidations triggering algorithmic buying pressure across major exchanges.
