US President Donald Trump granted clemency to Changpeng Zhao (CZ), the founder of Binance, who previously pleaded guilty to money laundering charges. This pardon was announced by the White House on October 23, 2025, and is linked to the Trump family's crypto business.
CZ served a four-month prison sentence in 2024 after pleading guilty to violating the Bank Secrecy Act for failing to implement proper anti-money laundering (AML) measures for Binance. As part of the deal, Binance agreed to pay $4.3 billion to settle claims with the US Department of Justice.
This pardon is seen as a positive signal for the crypto industry in the US, with the prices of Bitcoin (BTC) and BNB soaring after the announcement. CZ himself expressed his gratitude to Trump for the pardon.
Does this affect the coin supported by CZ?$ASTER $BNB $TRUMP
Bitcoin immediately plummeted to US$108,052, a 2.14% drop, following US President Donald Trump's official 155% tariffs on China. It had rebounded above US$110,000 just the night before. $BTC $ASTER $ETH
Now RSI has risen to the area of 40–45, indicating potential recovery but the momentum is not strong enough for bullish.
🧠 3. MACD
Previously, large red histogram → high selling pressure.
Now the histogram is starting to turn small green, MACD line approaching signal line → potential cross up (beginning of a small reversal) if momentum increases.
🧭 Technical Conclusion
The main trend is still bearish, but selling momentum is starting to weaken.
If the price can break above 1.50 with high volume, there is a chance of reversal to 1.70–1.80.
If it fails and drops below 1.30, the possibility of continuing down to 1.00.
$ASTER I don't know if I should sell it. I bought it at the spot but I feel very scared. I'm afraid it will drop below $1 and won't rise again. Please advise me.