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Binance-Linked Token Hits Record With Spotlight on Zhao Pardon
A cryptocurrency with ties to Binance Holdings Ltd. struck an all-time high as speculation builds that the digital-asset exchange’s co-founder Changpeng Zhao will be granted a US presidential pardon.
“The market believes that a pardon could help CZ, Binance, and BNB clear most regulatory concerns,” said Amanda He, chief investment officer at ChainUp Investment, which supports token creation on BNB Chain. Digital-asset treasury companies hoarding BNB tokens are also boosting demand, she added.
