Binance founder Changpeng Zhao posted on the X platform on October 23, confirming that he had received a pardon from former US President Trump.

At the same time, the news of Zhao Changpeng's pardon also caused controversy in the trading field.

According to reports, on the prediction market Polymarket, cryptocurrency trader Garrett Jin previously bet that "Trump will pardon Zhao Changpeng this year."

As word spread, the bet grew from a small amount of capital to a profit of approximately $56,000, according to data from blockchain analytics platform Arkham Intelligence.

Garrett, known in the crypto community for his ability to precisely time major market swings, established significant short positions in Bitcoin and Ethereum on the Hyperliquid platform earlier this month, shortly before Trump announced his new tariffs.

As cryptocurrency prices plummeted in the hours after the tariff news was announced, these leveraged trades, worth more than $700 million, generated estimated profits of $160 million to $200 million.

From "precise short selling before the announcement of tariff policies" to "profiting from betting before the pardon news", this type of "precisely timed transactions" has appeared repeatedly, once again triggering long-standing doubts from the outside world that "he may have insider information channels to the presidential team."

However, Garrett has strongly denied any connection with the Trump family.

But the two coincidental events still reveal an increasingly obvious reality in the cryptocurrency industry: every policy change in Washington today can have a direct impact on the market within seconds.