BNB hits a new all-time high, market focuses on whether CZ may receive a presidential pardon from the U.S

ChainCatcher news, according to Bloomberg, influenced by market expectations that former Binance CEO Zhao Changpeng (CZ) may receive a presidential pardon from the United States, the BNB token reached an all-time high of $1,083.

Previously, Zhao Changpeng served four months in prison due to a $4.3 billion settlement agreement with U.S. authorities. Analysts state that the expectations of a pardon and favorable U.S. regulations have driven the rise of BNB. BNB is currently the fifth largest cryptocurrency by market capitalization.