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Will BTC increase in price over time? Truly a million dollar question let's analyze The US government is paying out $2 million in interest every minute as interest rates remain high The US government is paying more than $1 trillion in interest this year if FED interest rates remain the same If the people's taxes are not enough to cover the government's needs (which is currently the case), then not only will there not be any money left over to pay the Fed, but they will also have to borrow more and the cycle continues. BTC/USD and when the future USD will decrease in price, the pairs that go with it, specifically scarce assets, will definitely increase in price, for example, BTC, real estate, gold ....... This is a view in years and must exclude black swan phenomena such as covid in 2020 How long can the Fed keep interest rates high? And when the FED reduces interest rates and money is pumped into the market, assets must also increase, specifically in the article, BTC This article is my personal opinion, it may be right, it may be wrong, I just want to give you another perspective. You must be responsible for the money in your pocket If you find the article interesting, please send a tip or register to open a binance account via the referral link to support, click like, share, comment your opinion and follow to read market updates every day.
Will BTC increase in price over time?

Truly a million dollar question

let's analyze

The US government is paying out $2 million in interest every minute as interest rates remain high

The US government is paying more than $1 trillion in interest this year if FED interest rates remain the same

If the people's taxes are not enough to cover the government's needs (which is currently the case), then not only will there not be any money left over to pay the Fed, but they will also have to borrow more and the cycle continues.

BTC/USD and when the future USD will decrease in price, the pairs that go with it, specifically scarce assets, will definitely increase in price, for example, BTC, real estate, gold .......

This is a view in years and must exclude black swan phenomena such as covid in 2020

How long can the Fed keep interest rates high?

And when the FED reduces interest rates and money is pumped into the market, assets must also increase, specifically in the article, BTC

This article is my personal opinion, it may be right, it may be wrong, I just want to give you another perspective.
You must be responsible for the money in your pocket
If you find the article interesting, please send a tip or register to open a binance account via the referral link to support, click like, share, comment your opinion and follow to read market updates every day.
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Market news - Tuesday, May 7: Cryptocurrency market: The trading session on May 6 witnessed excitement when Bitcoin Spot ETFs received strong investment of 218 million USD. The @Grayscale fund also recorded positive growth for two consecutive days, with 4 million USD injected in the latest session. SEC Warning: The US Securities and Exchange Commission (SEC) has issued a warning to @RobinhoodApp about the potential risks associated with violating securities laws. SEC Decision on Ether ETF: The SEC has decided to postpone its review of Invesco Galaxy's Ether spot ETF proposal. The final decision is expected to be announced on May 23. Comment from CFTC Chairman: The Chairman of the US Commodity Futures Trading Commission (CFTC) predicts that there will be a strong wave of repression on the cryptocurrency market within the next two years. Update from MetaMask: The @MetaMask cryptocurrency wallet has officially launched the Smart Transactions feature, aiming to solve the problem of MEV and clip transactions, helping users minimize unnecessary costs. Strategic partnership: @LayerZero_Labs has joined forces with @nansen_ai and Chaos Labs to launch a campaign to combat sybil activities. Announcement from DeBankDeFi and Tabichain: @DeBankDeFi teased the upcoming screenshot, while @Tabichain announced the initial airdrop distribution. Blast L2 Jackpot Event: @Blast_L2 launched an exciting Jackpot event with a prize fund of up to 1 million Gold for token and NFT holders. to be continued
Market news - Tuesday, May 7:

Cryptocurrency market: The trading session on May 6 witnessed excitement when Bitcoin Spot ETFs received strong investment of 218 million USD. The @Grayscale fund also recorded positive growth for two consecutive days, with 4 million USD injected in the latest session.

SEC Warning: The US Securities and Exchange Commission (SEC) has issued a warning to @RobinhoodApp about the potential risks associated with violating securities laws.

SEC Decision on Ether ETF: The SEC has decided to postpone its review of Invesco Galaxy's Ether spot ETF proposal. The final decision is expected to be announced on May 23.

Comment from CFTC Chairman: The Chairman of the US Commodity Futures Trading Commission (CFTC) predicts that there will be a strong wave of repression on the cryptocurrency market within the next two years.

Update from MetaMask: The @MetaMask cryptocurrency wallet has officially launched the Smart Transactions feature, aiming to solve the problem of MEV and clip transactions, helping users minimize unnecessary costs.

Strategic partnership: @LayerZero_Labs has joined forces with @nansen_ai and Chaos Labs to launch a campaign to combat sybil activities.

Announcement from DeBankDeFi and Tabichain: @DeBankDeFi teased the upcoming screenshot, while @Tabichain announced the initial airdrop distribution.

Blast L2 Jackpot Event: @Blast_L2 launched an exciting Jackpot event with a prize fund of up to 1 million Gold for token and NFT holders.

to be continued
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Justin Sun, founder of Tron, made headlines when his wallet address, believed to be "0x7a9...3095", transferred 120,000 eETH to the liquid staking protocol Swell L2 on May 4. worth about 376 million USD and accounting for 46.6% of the total deposits into Swell L2 since the protocol began operating Regarding the issue of Airdrop farming becoming difficult and "whales" (those who hold large amounts of cryptocurrency) taking up all the rewards, it seems that the large accumulation and staking of whales is affecting the ability to receive rewards of other participants. This can increase the difficulty of earning Airdrops, especially in Ethereum's staking environment, where reward distribution can be irregular.
Justin Sun, founder of Tron, made headlines when his wallet address, believed to be "0x7a9...3095", transferred 120,000 eETH to the liquid staking protocol Swell L2 on May 4. worth about 376 million USD and accounting for 46.6% of the total deposits into Swell L2 since the protocol began operating

Regarding the issue of Airdrop farming becoming difficult and "whales" (those who hold large amounts of cryptocurrency) taking up all the rewards, it seems that the large accumulation and staking of whales is affecting the ability to receive rewards of other participants. This can increase the difficulty of earning Airdrops, especially in Ethereum's staking environment, where reward distribution can be irregular.
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☄️ Breaking Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, face a new class action lawsuit accusing investors of being duped into buying securities and claiming the company's business model is illegal France. 🚫 The lawsuit claims that the Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens tokens are securities. #CryptoWatchMay2024 #binance #btc #Web3
☄️ Breaking
Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, face a new class action lawsuit accusing investors of being duped into buying securities and claiming the company's business model is illegal France.

🚫 The lawsuit claims that the Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens tokens are securities.
#CryptoWatchMay2024 #binance #btc #Web3
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What was on the market in the last 24 hours? ETF HK after 2 days is storing 7989 BTC US ETF today negative -$34.4 million Michael Saylor told 'Bitcoin for Business' conference that he believes the SEC will classify Ethereum as a security and reject Ether Spot ETF applications Peloton CEO Barry McCarthy resigned, the company laid off 15% of its employees Pantera Capital invests in TON Blockchain, the total investment amount is not disclosed Jack Dorsey's company 'Block' said it will buy Bitcoin monthly with 10% of the total profits from BTC products. In Q1, Block's Cash App had a profit of 80 million USD from BTC and now the company HODL 8038 BTC Senator Cynthia Lummis said that anyone who wants to make trouble with Bitcoin in Congress 🇺🇸 must go through her first. Elliptic, a blockchain analytics company, has partnered with MIT-IBM Watson AI Lab to use AI to detect money laundering on the Bitcoin blockchain. Standard Chartered has started to take a bearish stance, saying that BTC will go to $50-52K... a few weeks ago, saying $150K was not a problem. Yesterday was the biggest day of outflows from Bitcoin Spot ETFs since their inception. If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day. #btc #binance #bitcoin
What was on the market in the last 24 hours?

ETF HK after 2 days is storing 7989 BTC

US ETF today negative -$34.4 million

Michael Saylor told 'Bitcoin for Business' conference that he believes the SEC will classify Ethereum as a security and reject Ether Spot ETF applications

Peloton CEO Barry McCarthy resigned, the company laid off 15% of its employees

Pantera Capital invests in TON Blockchain, the total investment amount is not disclosed

Jack Dorsey's company 'Block' said it will buy Bitcoin monthly with 10% of the total profits from BTC products.
In Q1, Block's Cash App had a profit of 80 million USD from BTC and now the company HODL 8038 BTC

Senator Cynthia Lummis said that anyone who wants to make trouble with Bitcoin in Congress 🇺🇸 must go through her first.

Elliptic, a blockchain analytics company, has partnered with MIT-IBM Watson AI Lab to use AI to detect money laundering on the Bitcoin blockchain.

Standard Chartered has started to take a bearish stance, saying that BTC will go to $50-52K... a few weeks ago, saying $150K was not a problem.

Yesterday was the biggest day of outflows from Bitcoin Spot ETFs since their inception.

If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.
#btc #binance #bitcoin
Alright, let’s add a sprinkle of humor to this crypto update, shall we? Hong Kong ETFs are hoarding BTC like there’s no tomorrow, sitting on a dragon’s hoard of 7989 BTC after just two days. Talk about commitment! Meanwhile, over in the US, ETFs are singing the blues with a loss of $34.4 million today. Ouch, that’s gotta hurt the portfolio! Michael Saylor, at the ‘Bitcoin for Businesses’ conference, seemed to have a crystal ball, predicting the SEC will label Ethereum as a security and give a thumbs down to Ether Spot ETFs. Maybe he’s got a future in fortune-telling? Peloton’s CEO, Barry McCarthy, decided to take a spin off the corporate bike, resigning and leaving 15% of the staff pedaling off into the sunset with him. Pantera Capital is playing coy with their investment into TON Blockchain, keeping the total sum hush-hush. What’s the secret, guys? Jack Dorsey’s ‘Block’ is on a Bitcoin shopping spree, snagging BTC monthly with 10% of their total BTC product profits. In Q1, Cash App raked in a cool $80 million from BTC, and now they’re HODLing 8038 BTC like it’s a high score in a video game. Senator Cynthia Lummis is the new sheriff in town for Bitcoin at Capitol Hill, warning that anyone looking for a crypto duel has to go through her first. High Noon, anyone? Elliptic teams up with MIT-IBM Watson AI Lab to play detective with AI, sniffing out money laundering on the Bitcoin blockchain. Sherlock Holmes, but make it techy. Standard Chartered is riding the crypto rollercoaster, flipping from a bullish $150K BTC prediction to a bearish $50-52K. Make up your mind, folks! And finally, yesterday saw the biggest Bitcoin ETF cash-out since… well, since they started. It’s like a crypto Black Friday sale out there! Remember, folks, in the world of crypto, every day is an adventure – or at least a very interesting episode of a sitcom. Stay tuned for the next update! 🎢📉📈 [link binance](https://www.binance.info/vi/activity/referral-entry/CPA/together-v3?ref=CPA_00PBEF5XRG) for support me
Alright, let’s add a sprinkle of humor to this crypto update, shall we?

Hong Kong ETFs are hoarding BTC like there’s no tomorrow, sitting on a dragon’s hoard of 7989 BTC after just two days. Talk about commitment!

Meanwhile, over in the US, ETFs are singing the blues with a loss of $34.4 million today. Ouch, that’s gotta hurt the portfolio!

Michael Saylor, at the ‘Bitcoin for Businesses’ conference, seemed to have a crystal ball, predicting the SEC will label Ethereum as a security and give a thumbs down to Ether Spot ETFs. Maybe he’s got a future in fortune-telling?

Peloton’s CEO, Barry McCarthy, decided to take a spin off the corporate bike, resigning and leaving 15% of the staff pedaling off into the sunset with him.

Pantera Capital is playing coy with their investment into TON Blockchain, keeping the total sum hush-hush. What’s the secret, guys?

Jack Dorsey’s ‘Block’ is on a Bitcoin shopping spree, snagging BTC monthly with 10% of their total BTC product profits. In Q1, Cash App raked in a cool $80 million from BTC, and now they’re HODLing 8038 BTC like it’s a high score in a video game.

Senator Cynthia Lummis is the new sheriff in town for Bitcoin at Capitol Hill, warning that anyone looking for a crypto duel has to go through her first. High Noon, anyone?

Elliptic teams up with MIT-IBM Watson AI Lab to play detective with AI, sniffing out money laundering on the Bitcoin blockchain. Sherlock Holmes, but make it techy.

Standard Chartered is riding the crypto rollercoaster, flipping from a bullish $150K BTC prediction to a bearish $50-52K. Make up your mind, folks!

And finally, yesterday saw the biggest Bitcoin ETF cash-out since… well, since they started. It’s like a crypto Black Friday sale out there!

Remember, folks, in the world of crypto, every day is an adventure – or at least a very interesting episode of a sitcom. Stay tuned for the next update! 🎢📉📈

link binance for support me
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Summary of market news from the past 24 hours with Kalacapital -Google fired at least 200 of its important employees (core team, not interns or janitors) -FED Chairman said there will be no Stagflation -The FED Chairman said many times that right now there is no reason to think the FED will raise interest rates -FED has reduced the speed of public bond sales => good for the market -FED is not hawkish but remains neutral. BTC recovered to 59xxx then continued to decline -Riot Platform (Bitcoin mining company not League of Legend guys) reported Q1 net income of $211.8 million and profit per share of $0.82 -Grayscale SOLD 167 million USD -Today total US ETF -548.3 million USD -A16z Fund buys 90 million dollars of OP (Optimism) tokens, this amount will be locked for 2 years -MicroStrategy supports Ordinal If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.
Summary of market news from the past 24 hours with Kalacapital

-Google fired at least 200 of its important employees (core team, not interns or janitors)
-FED Chairman said there will be no Stagflation
-The FED Chairman said many times that right now there is no reason to think the FED will raise interest rates
-FED has reduced the speed of public bond sales => good for the market
-FED is not hawkish but remains neutral. BTC recovered to 59xxx then continued to decline
-Riot Platform (Bitcoin mining company not League of Legend guys) reported Q1 net income of $211.8 million and profit per share of $0.82
-Grayscale SOLD 167 million USD
-Today total US ETF -548.3 million USD
-A16z Fund buys 90 million dollars of OP (Optimism) tokens, this amount will be locked for 2 years
-MicroStrategy supports Ordinal

If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.
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Do you believe in BTC's 4-year cycle? -The red line is the 2014 cycle -The blue line is the 2017 cycle -black line is current If you really believe in the 4-year cycle, HODL is solid and there is nothing to worry about If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day. #binance #Bitcoin❗️ #BTC_Update
Do you believe in BTC's 4-year cycle?

-The red line is the 2014 cycle
-The blue line is the 2017 cycle
-black line is current

If you really believe in the 4-year cycle, HODL is solid and there is nothing to worry about

If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.

#binance #Bitcoin❗️ #BTC_Update
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🔽 In the past 24 hours, large funds competed to sell $BTC Fidelity sells 3,300 BTC GBTC sells 2,900 BTC ARK sells 1,700 BTC Blackrock sells 600 BTC 🔽Total net inflow from all ETFs -9,750#Bitcoin($564M) This is a very normal thing because ETF investors are also human, just like you guys. #BTC_Update #ETFs #BlackRock⁩
🔽 In the past 24 hours, large funds competed to sell $BTC

Fidelity sells 3,300 BTC
GBTC sells 2,900 BTC
ARK sells 1,700 BTC
Blackrock sells 600 BTC

🔽Total net inflow from all ETFs -9,750#Bitcoin($564M)

This is a very normal thing because ETF investors are also human, just like you guys. #BTC_Update #ETFs #BlackRock⁩
thị trường gấu thì làm gì bây giờ ? nếu bạn đã all in và thua lỗ thay vì buồn bã hay bỏ thời gian làm airdrop,retroactive tôi sẽ hướng dẫn bạn làm dự án sau đây,từng bước một Vanarchain is a blockchain ecosystem focused on entertainment and gaming. This ecosystem provides various tools and modules to Web3 developers and companies working in the entertainment industry. Fundraise Vanar Chain raised $2.5 million from NGC Ventures, LD Capital & others. 1.Registration + Network Setup 💠Go to velocity.vanarchain.com 💠Connect your wallet 💠Approve a new chain 💠Enter your nickname 2.Vanry Faucet + Galxe campaign 💠Go to faucet.vanarchain.com 💠Paste your wallet address 💠Go to galxe.com/Vanar/campaign… 💠Claim Points 3.Quests. Brillion Wallet 💠Go to velocity.vanarchain.com 💠Click on the first task 💠Connect your wallet 💠Create the wallet 💠Send Test Vanry from Metamask to your Brillion wallet 💠Send from your Brillion wallet to ur Metamask 4.Quests. PVP 💠Stay on velocity.vanarchain.com 💠Click "Create an account on PVP" 💠Create account 💠Click on the next task 💠Verify badges 💠Trade tPVP on Auriswap Nếu bạn thấy bài viết hay hãy gửi tip để ủng hộ ,bấm thích,chia sẻ,comment ý kiến của bạn và follow để đọc những bài update thị trường mỗi ngày nhé
thị trường gấu thì làm gì bây giờ ?

nếu bạn đã all in và thua lỗ thay vì buồn bã hay bỏ thời gian làm airdrop,retroactive

tôi sẽ hướng dẫn bạn làm dự án sau đây,từng bước một

Vanarchain is a blockchain ecosystem focused on entertainment and gaming. This ecosystem provides various tools and modules to Web3 developers and companies working in the entertainment industry.

Fundraise

Vanar Chain raised $2.5 million from NGC Ventures, LD Capital & others.

1.Registration + Network Setup

💠Go to velocity.vanarchain.com
💠Connect your wallet
💠Approve a new chain
💠Enter your nickname
2.Vanry Faucet + Galxe campaign

💠Go to faucet.vanarchain.com
💠Paste your wallet address
💠Go to galxe.com/Vanar/campaign…
💠Claim Points

3.Quests. Brillion Wallet

💠Go to velocity.vanarchain.com
💠Click on the first task
💠Connect your wallet
💠Create the wallet
💠Send Test Vanry from Metamask to your Brillion wallet
💠Send from your Brillion wallet to ur Metamask

4.Quests. PVP

💠Stay on velocity.vanarchain.com
💠Click "Create an account on PVP"
💠Create account
💠Click on the next task
💠Verify badges
💠Trade tPVP on Auriswap

Nếu bạn thấy bài viết hay hãy gửi tip để ủng hộ ,bấm thích,chia sẻ,comment ý kiến của bạn và follow để đọc những bài update thị trường mỗi ngày nhé
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Market update last 12 hours -BTC ended the month candlestick with -15% after 7 consecutive green months -CZ was sentenced to 4 months in prison in the US -ETF cash flow in the US today was negative -$161.6 million -Celsius burns almost all CEL tokens 652,198/695,658 -The US Department of Justice arrested Bitcoin Cash leader Roger Ver for evasion -CZ with an estimated fortune of over 30 billion $ will be the richest person ever in prison in US history If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.
Market update last 12 hours

-BTC ended the month candlestick with -15% after 7 consecutive green months
-CZ was sentenced to 4 months in prison in the US
-ETF cash flow in the US today was negative -$161.6 million
-Celsius burns almost all CEL tokens 652,198/695,658
-The US Department of Justice arrested Bitcoin Cash leader Roger Ver for evasion
-CZ with an estimated fortune of over 30 billion $ will be the richest person ever in prison in US history

If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day.
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Is it difficult to be a trader? Simplicity can be more difficult than complexity. You have to put a lot of effort into keeping your thoughts neat to achieve simplicity. But in the end the effort is worth it because once you get there, you can move mountains - Steve Jobs, former Apple CEO My advice - Don't be like the guy in the picture Trade is really very simple, just a fixed trading method that has been backtested many times over the years A stable mentality Capital Mangement The first year your capital is very small, if you survive in the market, increase your capital later If you find the article good, please send a tip to support me, click like, comment your opinion and follow to read market updates every day.
Is it difficult to be a trader?

Simplicity can be more difficult than complexity. You have to put a lot of effort into keeping your thoughts neat to achieve simplicity. But in the end the effort is worth it because once you get there, you can move mountains - Steve Jobs, former Apple CEO

My advice - Don't be like the guy in the picture
Trade is really very simple, just a fixed trading method that has been backtested many times over the years
A stable mentality
Capital Mangement
The first year your capital is very small, if you survive in the market, increase your capital later

If you find the article good, please send a tip to support me, click like, comment your opinion and follow to read market updates every day.
JUST 4 FUN #meme #cz When the judge asked CZ if he agreed to a sentence of 5 months in prison and CZ replied, could it only be 4 months?
JUST 4 FUN #meme #cz
When the judge asked CZ if he agreed to a sentence of 5 months in prison and CZ replied, could it only be 4 months?
🇺🇸 US House Financial Services says "classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler." McHenry says that recent court filings display “an intentional attempt to misrepresent the Commission’s position.” Conversely, the security claims about Ethereum have been an important part of potential spot ETF issuance in the United States.
🇺🇸 US House Financial Services says "classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler."

McHenry says that recent court filings display “an intentional attempt to misrepresent the Commission’s position.” Conversely, the security claims about Ethereum have been an important part of potential spot ETF issuance in the United States.
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🔥 Update on the situation of former Binance CEO CZ CZ's lawyer said there was no case with similar circumstances in which the defendant received a prison sentence. The lawyer is talking about the case of Bitmex's Arthur Hayes a few years ago, who was sentenced to house arrest. The lawyer asked the judge to consider the above two points Photos of today's historic trial[link đăng kí sàn binance giảm 20% phí giao dịch](https://www.binance.info/vi/activity/referral-entry/CPA/together-v3?ref=CPA_00PBEF5XRG)
🔥 Update on the situation of former Binance CEO CZ

CZ's lawyer said there was no case with similar circumstances in which the defendant received a prison sentence.

The lawyer is talking about the case of Bitmex's Arthur Hayes a few years ago, who was sentenced to house arrest.

The lawyer asked the judge to consider the above two points

Photos of today's historic triallink đăng kí sàn binance giảm 20% phí giao dịch
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Will CZ get a reduced sentence? The judge may recommend a lighter sentence for the following reasons: 1. Awareness of CZ's voluntary confession: The judge can review and evaluate CZ's self-admission and acceptance of responsibility for violating the law. This admission may be considered a positive factor and may influence the decision on sentence. 2. CZ's assistance during the investigation: If CZ has provided useful information and actively cooperated during the investigation of the case, the judge may consider this as a positive factor. can greatly influence the decision on punishment. 3. CZ's criminal record and past behavior: If CZ has no criminal record or has good behavior in the past, this can also be considered as a positive factor that can reduce the sentence. 4. CZ's achievements and contributions in the field of business: If CZ has made significant achievements and contributed positively to the cryptocurrency industry or the community, the judge may consider this and see This is a positive factor that can reduce the penalty. However, recommending a lighter or final sentence depends on the judge's decision based on the factors and evidence presented in the case. Support me via [link ref binance](https://www.binance.info/vi/activity/referral-entry/CPA/together-v3?ref=CPA_00PBEF5XRG) #cz_binance #CZ
Will CZ get a reduced sentence?

The judge may recommend a lighter sentence for the following reasons:

1. Awareness of CZ's voluntary confession: The judge can review and evaluate CZ's self-admission and acceptance of responsibility for violating the law. This admission may be considered a positive factor and may influence the decision on sentence.

2. CZ's assistance during the investigation: If CZ has provided useful information and actively cooperated during the investigation of the case, the judge may consider this as a positive factor. can greatly influence the decision on punishment.

3. CZ's criminal record and past behavior: If CZ has no criminal record or has good behavior in the past, this can also be considered as a positive factor that can reduce the sentence.

4. CZ's achievements and contributions in the field of business: If CZ has made significant achievements and contributed positively to the cryptocurrency industry or the community, the judge may consider this and see This is a positive factor that can reduce the penalty.

However, recommending a lighter or final sentence depends on the judge's decision based on the factors and evidence presented in the case.

Support me via link ref binance

#cz_binance #CZ
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Update on developments in the US trial of former Binance CEO 30-minute delay: The trial of Binance CEO CZ has officially begun after a delay. Attention of Cryptocurrency Investors: Today, all eyes are on the testimony of Changpeng Zhao (CZ), founder of the largest cryptocurrency exchange Binance. This hearing is taking place in Seattle and is already affecting the cryptocurrency industry. Expected start time: The trial of former Binance CEO CZ is expected to begin at 19:00 GMT. However, the case was postponed due to personal matters of Judge Richard A. Jones. CZ and his team are in the courtroom. Changpeng Zhao appears: At 18:53 UTC, Changpeng Zhao entered the courtroom. He sat with his legal team, wearing a navy suit with a light blue tie. At this moment, he looked worried. Judge's Personal Matter: At 7:04 p.m. ET, Judge Richard A. Jones was dealing with a “personal matter.” The matter was adjourned until 19:30 GMT. The trial begins: At 7:40 p.m. ET, Judge Jones sat on the bench and CZ's trial officially began. Judge Richard Jones said he disagreed with the Department of Justice's request to increase the sentence from 18 months to three years because: "There is no evidence that the defendant [CZ] was ever reported." about illegal activities at Binance. Lawyers for the Department of Justice argued that the judge could infer that CZ knew about illegal activities, how could he not know as CEO. The judge seems to be leaning towards CZ #CZ
Update on developments in the US trial of former Binance CEO

30-minute delay: The trial of Binance CEO CZ has officially begun after a delay.

Attention of Cryptocurrency Investors: Today, all eyes are on the testimony of Changpeng Zhao (CZ), founder of the largest cryptocurrency exchange Binance. This hearing is taking place in Seattle and is already affecting the cryptocurrency industry.

Expected start time: The trial of former Binance CEO CZ is expected to begin at 19:00 GMT. However, the case was postponed due to personal matters of Judge Richard A. Jones. CZ and his team are in the courtroom.

Changpeng Zhao appears: At 18:53 UTC, Changpeng Zhao entered the courtroom. He sat with his legal team, wearing a navy suit with a light blue tie. At this moment, he looked worried.

Judge's Personal Matter: At 7:04 p.m. ET, Judge Richard A. Jones was dealing with a “personal matter.” The matter was adjourned until 19:30 GMT.

The trial begins: At 7:40 p.m. ET, Judge Jones sat on the bench and CZ's trial officially began.

Judge Richard Jones said he disagreed with the Department of Justice's request to increase the sentence from 18 months to three years because: "There is no evidence that the defendant [CZ] was ever reported." about illegal activities at Binance.

Lawyers for the Department of Justice argued that the judge could infer that CZ knew about illegal activities, how could he not know as CEO.

The judge seems to be leaning towards CZ
#CZ
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