CZ Becomes Richest US Inmate as Binance Userbase Explodes to 200 Million!
Binance now has 200 million users globally, especially outside the West, despite stricter regulations in some regions. The price of BNB, Binance's coin, surged over 200% this year but recently dipped after hitting a new high. Despite legal challenges in the US, Binance continues to grow, with its CEO's net worth estimated in the billions.
**Altcoin Surge Amid Bitcoin’s Struggles**
As Bitcoin struggles to surpass $72k, there's increased investment in altcoins. The approval of spot Ether ETFs in Hong Kong and the US signals growing institutional interest. BNB surged over 200% this year to nearly $700 but recently dipped 8% to around $643.
**A Story of Highs and Lows for CZ**
BNB’s price surge to a new high of around $717 coincided with former Binance CEO Changpeng Zhao starting a four-month US prison sentence for alleged money laundering violations. Despite a $4.3 billion fine, Binance's valuation has surpassed $100 billion, with Zhao's net worth estimated at $38.5 billion.
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