The Binance (BNB) token surged to a record high of $1,083, fueled by speculation that former Binance CEO Changpeng Zhao (CZ) might receive a presidential pardon in the United States. This development follows Zhao's four-month imprisonment as part of a $4.3 billion settlement with the US government. Analysts attribute the price increase to the potential pardon and expectations of favorable regulatory changes in the US. BNB has now become the fifth-largest cryptocurrency by market capitalization.