Trump tariff short trader who made $200M correctly predicts Binance’s CZ pardon
A trader who profited $200M from Trump's tariff short also correctly predicted the pardon of Binance's CZ.Summary
Binance founder Changpeng Zhao (CZ) confirmed receiving a pardon from US President Donald Trump, expressing gratitude and a commitment to advancing web3 in America. Cardano founder Charles Hoskinson praised the pardon, calling the previous administration's actions against the industry a grave injustice. The news boosted BNB's price by 5.38%. The event is linked to a trader, Garrett Jin, who reportedly profited significantly by correctly predicting the pardon on Polymarket. Jin is also known for making an estimated $160 million to $200 million by shorting Bitcoin and Ethereum just before Trump announced 100% tariffs on Chinese imports. These highly-timed trades have fueled suspicions of insider access, though Jin denies any connection to the Trump family, highlighting the immediate market consequences of Washington's policy moves.
(Source：CryptoSlate)