Changpeng Zhao will be released from federal prison on September 29. Binance is preparing several actions to welcome him back, and a crypto rally is anticipated. BNB seems likely to benefit directly, but other cryptoassets may also profit from this positive sentiment.
Zhao has been in prison for several months, but his influence at Binance remains. Though barred from resuming leadership roles, he is still the majority shareholder, which allows him to appoint individuals to key positions. New CEO Richard Teng emphasized a new focus on compliance.
Support for Zhao remains strong, with notable personalities like CryptoQuant's CEO speaking out in his favor. Binance is taking steps to generate positive publicity, including a comprehensive system upgrade scheduled for September 25 and a BNB upgrade via the Bohr hard fork on September 29.
Broader market sentiments are bullish, with commentators attributing upcoming rallies to Zhao's release. October is historically a profitable month for the crypto industry, and Zhao's release could serve as a catalyst for further gains, particularly for Bitcoin and BNB.