BiyaPay Analyst: CZ Receives Trump Pardon, Market Bets on Increased Likelihood of SBF Pardon

BlockBeats News, October 24th, Wall Street Focused on Crypto Market Volatility! U.S. President Trump has officially pardoned Binance founder Changpeng Zhao (CZ), sparking market discussions. According to Coindesk reports, former FTX founder Sam Bankman-Fried (SBF) has seen an increased pardon probability, with Polymarket market prediction data showing his pardon probability jumping from 7% to 12%.

The market reacted strongly, with Bitcoin experiencing a 2.7% short-term surge, breaking through $110,700, while Ethereum hovered around $3,850. BiyaPay analysts expect a new round of breakout. Meanwhile, the price of gold has surged nearly 50% this year, driven by geopolitical and central bank gold-buying demand, raising the target price for 2026 to $4,400.

Supported by the dovish stance of the Federal Reserve and risk-off sentiment, the cryptocurrency and precious metals markets have simultaneously heated up, with a clear resurgence in risk asset popularity. BiyaPay analysts point out that funds are flowing back into high-liquidity assets—from the dollar to USDT, from the crypto market to Hang Seng Index Futures—indicating investors are seeking a breakthrough in the new round of market trends. As a globally leading multi-asset trading wallet, BiyaPay supports free conversion of various fiat currencies and cryptocurrencies, real-time transparent exchange rates, zero-fee spot and contract trading of digital currencies, and supports USDT trading of U.S. stocks, Hong Kong stocks, and futures, allowing global users to participate in multi-market investments with lower thresholds.