Changpeng Zhao, co-founder of Binance, shared insights on cryptocurrency market predictions, emphasizing the difficulty of forecasting short-term movements compared to long-term trends. He noted that successful crypto millionaires typically held their assets during market dips, while one billionaire lost status by panic-selling. Despite being banned from running Binance, Zhao remains influential in the crypto community and continues to hold his personal crypto assets.
about Dogecoin Faces Pre-Death Cross as Bitcoin Volatility ContinuesZhao
0 posts last weekCZ Proposes New Token Unlock Model to Prevent Market Manipulation
Changpeng Zhao, former CEO of Binance, has proposed a price-triggered token unlock model to combat market flooding in crypto. Under this model, only 10% of tokens would be initially unlocked, with future releases contingent on price conditions and time intervals, promoting long-term growth.Zhao clarified he has no plans to launch a new coin, acknowledging that while innovative, the model isn’t universally applicable. His proposal comes amid rising concerns over market manipulation, particularly following the collapse of the LIBRA token, which saw significant value loss.
about CZ Proposes New Token Unlock Model to Prevent Market ManipulationeXch Exchange Denies Money Laundering Allegations Linked to Bybit Hack
eXch has denied allegations of laundering over $30 million from the Bybit hack for the Lazarus Group, labeling the claims as a “targeted FUD attack.” While acknowledging a small portion of the stolen funds entered their platform, they assert it was an isolated incident. Binance’s Changpeng Zhao suggested pausing withdrawals as a precautionary measure, drawing on past experiences to ensure system integrity.
about eXch Exchange Denies Money Laundering Allegations Linked to Bybit HackCZ Compensates Investors After TST and BROCCOLI Meme Coin Crash
Binance founder Changpeng Zhao has stepped in to support investors affected by the recent crash of the TST and BROCCOLI meme coins, which plummeted over 60-80% after initial surges. He announced donations to victims, including 150 BNB to a student aiding others, while cautioning against speculation in the volatile meme coin market. Zhao’s actions come as he seeks to improve his public image following a prison sentence, emphasizing the risks associated with new tokens and the prevalence of scams in the crypto space.
about CZ Compensates Investors After TST and BROCCOLI Meme Coin CrashAbu Dhabi Fund Invests 436 Million in BlackRock Bitcoin ETF
Abu Dhabi’s Mubadala Sovereign Wealth Fund has invested $436 million in BlackRock’s iShares Bitcoin ETF (IBIT), acquiring over 8.2 million shares and becoming the seventh-largest holder. This move underscores growing institutional interest in Bitcoin, aligning with Abu Dhabi’s strategy to position itself as a global digital asset hub. As discussions around Bitcoin reserves gain traction in the U.S., more than 20 states are advancing cryptocurrency-friendly laws, reflecting a broader trend of institutional adoption.
about Abu Dhabi Fund Invests 436 Million in BlackRock Bitcoin ETFBinance Denies Allegations of Massive Bitcoin and Ethereum Liquidation
Binance faced scrutiny over claims it liquidated billions in Bitcoin and Ethereum, allegedly selling 94% of its BTC and 99.9% of its ETH. The exchange clarified that these changes were due to internal treasury management, not asset sell-offs, and emphasized that the funds were not customer assets.Meanwhile, Binance Coin (BNB) surged past $710 following the MyShell IDO launch, with significant trading activity and price increases across the BNB ecosystem. Former CEO Changpeng Zhao’s playful engagement with the community about meme coins sparked a wave of new tokens, further fueling speculation about Binance’s strategic direction.
about Binance Denies Allegations of Massive Bitcoin and Ethereum LiquidationCZ Considers Community Proposal for Meme Coin Inspired by His Dog
Changpeng Zhao, founder of Binance, is considering a community proposal to create a meme coin inspired by his dog after a viral social media exchange. While he has expressed skepticism about meme coins in the past, the idea has sparked speculation and led to the launch of a token named TORO, which briefly reached a market cap of $4.8 million. Despite his previous criticisms, Zhao remains open to the concept while focusing on fundamental blockchain development.
about CZ Considers Community Proposal for Meme Coin Inspired by His DogBinance Seeks Dismissal of Lawsuit Over Alleged Hamas Financial Links
Binance is seeking to dismiss a lawsuit alleging it facilitated transactions linked to Hamas during the October 2023 attacks on Israel. In a New York court, the exchange’s legal team denied any direct relationship with Hamas and argued that cryptocurrency is not inherently dangerous, while the judge expressed skepticism about the ease of dismissing terrorism-related claims. Binance is also facing global investigations for financial misconduct, including cases in Spain and France.
about Binance Seeks Dismissal of Lawsuit Over Alleged Hamas Financial LinksBinance Seeks Dismissal of Lawsuit Linking It to Hamas Funding
Binance and its former CEO, Changpeng Zhao, are facing a lawsuit from families of victims of the 2023 Hamas attack, alleging the exchange facilitated terrorist funding. Binance’s legal team argues there was “no special relationship” with Hamas and claims the lawsuit lacks legal basis. A ruling on the motion to dismiss is pending from Judge John Koeltl.
about Binance Seeks Dismissal of Lawsuit Linking It to Hamas FundingFrench Authorities Investigate Binance for Money Laundering and Tax Fraud
French prosecutors have expanded their investigation into Binance, probing allegations of money laundering and tax fraud from 2019 to 2024. The inquiry, initiated by the Paris public prosecutor’s office, follows earlier investigations into the exchange’s operations in France and the EU.Binance has denied the allegations and expressed disappointment over the referral to the judiciary. The exchange’s former CEO, Changpeng Zhao, was sentenced to four months in prison in the U.S. for regulatory violations, leading to his resignation and the appointment of Richard Teng as the new CEO, who has since enhanced compliance efforts.
about French Authorities Investigate Binance for Money Laundering and Tax FraudUS Senate Considers National Bitcoin Reserve Amid Bullish Market Activity
Binance founder Changpeng Zhao highlighted the growing support for a US Bitcoin reserve, championed by Sen. Cynthia Lummis, who aims to reshape government policy on cryptocurrencies. The Senate’s new subcommittee on digital assets is set to address key issues, including consumer protection and innovation. Despite initial price drops, Bitcoin’s value is recovering amid bullish market activity and political backing for a strategic national reserve.
about US Senate Considers National Bitcoin Reserve Amid Bullish Market ActivityEx Binance CEO Offers Advice for Struggling Altcoin Investors
Changpeng Zhao, the former CEO of Binance, shared insights for altcoin investors facing challenges in the current market. He advised reducing altcoin portfolios and shifting focus to established coins like Bitcoin, while acknowledging that patience may be necessary for long-term holders. Despite Bitcoin’s recent successes, many altcoins continue to struggle, leading to investor frustration, though there is potential for recovery in 2024.
about Ex Binance CEO Offers Advice for Struggling Altcoin Investors