Binance Pardon Spurs BNB Surge, Bitcoin Rally; Altcoin Risks
President Trump’s Binance pardon of CZ removed a major legal overhang for Binance. Following the Binance pardon, BNB jumped over 7% and World Liberty token WLD climbed 5%. Bitcoin rallied strongly, on track for its largest gain since April, as gold fell and demand for digital assets rose. Ethereum also posted modest gains under 1%.
Altcoins saw mixed moves. XRP slipped 2.5% after failing to breach its 50-day moving average. Memecoins Dogecoin and Shiba Inu rose 6% and 4% respectively. The Dogecoin Foundation revealed plans for a U.S. IPO backed by $175 million in private placement to boost DOGE reserves and institutional interest. Meanwhile, the Shiba Inu community issued a phishing scam warning targeting SHIB, LEASH and BONE wallets.
This combination of regulatory relief, market momentum and security alerts offers traders clear bullish catalysts for BNB and Bitcoin, while underscoring technical headwinds for XRP and scam risks in Shiba Inu tokens.
Bullish
The Binance pardon removes a major legal overhang for BNB. This regulatory relief is likely to drive sustained investor confidence and bullish momentum for BNB in the short term, as evidenced by the sharp 7% surge. In the long term, clearing legal uncertainty can attract more institutional interest and support broader adoption of Binance’s ecosystem, underpinning BNB’s price stability and growth. Although altcoins face technical headwinds and security risks, BNB stands to gain most from this catalyst.