PANews reported on September 23rd that, according to Bloomberg, the Binance ( BNB) token hit a record high of $ 1,083 on Sunday, driven by market expectations that former Binance CEO Changpeng Zhao ( CZ ) might receive a US presidential pardon. Previously, Zhao served four months in prison as part of a $ 4.3 billion settlement with the US. Analysts say the prospect of a pardon and favorable US regulations are driving BNB's price. BNB is now the fifth-largest cryptocurrency by market capitalization.