Original | Odaily Planet Daily ( @OdailyChina )

By Wenser ( @wenser 2010 )

Last night, it was confirmed that Binance founder CZ was finally pardoned by Trump ( recommended reading: Trump pardons Binance founder CZ: 13 months, from prison to complete freedom ), and the crypto market also reacted.

As the news spread, the impact gradually expanded from Binance-affiliated assets like BNB to the meme coin sector, BNB Treasury listed companies, and even the Trump family's crypto project, WLFI. This incident also indirectly illustrates the ripple-like spread of news in the current crypto market. In this article, Odaily Planet Daily will use this "ripple-like thinking" approach to briefly analyze the impact of CZ's pardon for readers' reference.

Event Origin: CZ finally received presidential pardon, and Binance-related assets rose accordingly

As early as in the previous article "The era of crypto chaos has begun, listen to these 13 reference suggestions" , we gave a detailed explanation of the "ripple thinking path".

Think of an event as a triggering factor. Like a pebble dropped into water, its impact gradually spreads, and the corresponding people, assets, markets, tokens, projects, and ecosystems are affected by these ripples. Hyperliquid's recent experience with the decentralization trust crisis caused by the JELLYJELLY short position incident is a very vivid case study. To achieve this, crypto players need to cultivate good thinking habits and information acuity. My personal suggestion is to draw more circle diagrams, which are very helpful in improving conductive thinking.

The origin of this incident is undoubtedly CZ's pardon granted by US President Trump. Furthermore, Trump stated , "Although I don't know CZ, I believe he is innocent and that he has been persecuted primarily by the Biden administration." (Note from Odaily Planet Daily: Presidential pardons have immense power. Their practical effects generally include restoring citizens' rights and reversing or eliminating statutory barriers resulting from past criminal convictions, such as firearms rights and occupational licenses.)

CZ's subsequent response was somewhat reciprocal, stating : "I am deeply grateful for today's pardon and for President Trump's commitment to upholding America's commitment to fairness, innovation, and justice. I will do everything I can to help the United States become the capital of cryptocurrency and promote the development of Web3 globally."

To some extent, Trump's pardon of CZ is a move to stick to his established "crypto-friendly regulation" policy, and it also indirectly sends a positive political signal to the U.S. crypto market.

As a result, the ripple effects of the incident spread layer by layer.

Ripple First Layer: Binance-related assets surge in the short term

CZ was granted amnesty, and the most direct benefit is Binance-related assets.

Market data shows that BNB soared from around US$1,076 to around US$1,161 in a short period of time, with an increase of nearly 8% at one point; as of the time of writing, the price of BNB has now fallen back to around US$1,126, but the 24-hour increase is still as high as around 15%.

In addition, as the on-chain Perp DEX that CZ had previously strongly promoted, Aster's project token ASTER also experienced a short-term rise, recovering from below $1 to above $1.1, and once rose to around $1.48; as of the time of writing, the price of ASTER fell back to around $1.12, with a 24-hour increase of about 10%.

This is also the first level of impact of hot events, that is, the targets directly related to key figures, including but not limited to their projects, tokens that are optimistic about in the near future, or related projects that are being forwarded and supported.

Ripple's Second Layer: Binance Platform Meme Coin

In addition, due to CZ's recent attention and promotion of Meme coins on the Binance platform and the BNB Chain, the related targets also ushered in a short-term rise under the influence of this news.

Binance Life once rose from $0.23 to nearly $0.28, but has now fallen back to around $0.24;

4 It once rose from $0.07 to around $0.15, and now it has fallen back to around $0.12. The 24-hour increase is still over 34%.

As a hot spot for speculation, Meme coins tend to fluctuate more violently due to their relatively small market capitalization, and are therefore more suitable for short-term leverage operations.

Ripple's third layer: BNB Treasury listed company stocks

The third layer of information transmission is the corresponding stocks of listed companies related to the BNB treasury.

Influenced by the news that "CZ was pardoned by Trump," according to data from msx.com , the share price of BNB Network Company (BNC), a BNB treasury listed company, once soared from around $7.2 to $8.5. It has now fallen back to $7.84, and its 24-hour increase remains above 6.5%.

In addition, the share price of Nano Labs (NA), a BNB treasury listed company, also saw a small increase, rising from $4.7 to $4.99, and has now fallen back to $4.8, with a 24-hour increase of approximately 1.16%.

The share prices of Applied DNA Sciences ( BNBX ), a US-listed biotechnology company that had previously planned to raise US$58 million through PIPE private placement, and Huaxing Capital (1911.HK), a Hong Kong-listed company that plans to raise US$600 million to invest in BNB, also rose slightly to varying degrees, which can be called the real-life version of "Fan Jin's Success in the Imperial Examination."

Ripple's fourth layer: Trump family crypto project WLFI and US-listed company ALT5 Sigma

The impact at this level is more delayed, but the parties are still direct stakeholders in hot events.

As an obvious Trump family crypto project, WLFI has been falling since its initial launch after a tenfold increase in profits. It even fell below $0.1 to around $0.07 during the previous "10.11 crash".

However, with the "Trump pardon of CZ," Trump's crypto-friendly stance has been further confirmed and recognized by the market, and many people are enthusiastic about WLFI. Around 1:00 AM today, OKX market data showed that WLFI briefly broke through $0.146, rising over 15% in 15 minutes to $0.1439. As of writing, the price of WLFI has stabilized above $0.14, currently at $0.1432, a 24-hour increase of approximately 13%.

Furthermore, WLFI Treasury-listed ALT5 Sigma also benefited from this positive news, experiencing a rare surge following the CEO's ouster by the company's board of directors. According to data from msx.com , ALT5 Sigma Corporation (ALTS) is currently trading at $2.11, a 24-hour gain of 13.44%.

Conclusion: Market reactions may occur in sequence, but ripple transmission is inevitable

Finally, although the impact of hot events varies in order, some targets react to fluctuations faster while others react slower, which is often affected by multiple factors such as the speed of news dissemination, key dissemination nodes, market liquidity, and speeches by key figures, but from a logical point of view, ripple-like impact transmission is inevitable.

For retail investors like us in the crypto market, perhaps our first reaction next time we encounter a similar hot topic should be to use AI to map out the corresponding ripple effects and identify arbitrage opportunities based on information asymmetry. This might be the best approach to dealing with someone like Trump who constantly offers "TACO" trading opportunities.

Of course, we also need to pay attention to: make sure that we are not on the edge of the last ripple, so as not to become the last "good news receiver".