Is CZ's release from prison at the end of the month a big boon for BNB?
As September 29, 2024 approaches, the focus of the cryptocurrency market is once again on Zhao Changpeng (CZ), the founder of Binance.
As we all know, at the end of 2023, Binance's dispute with the US legal system became increasingly serious. In 2024, founder Zhao Changpeng (CZ) was sentenced to 4 months in prison on April 30 while paying a $4.3 billion fine, and subsequently resigned as Binance CEO.
A report in August confirmed that CZ had recently been transferred from FCI Lompoc II Prison in California to RRM Long Beach Halfway House, a facility classified as a "Re-entry Management" field office, commonly known as a halfway house, which functions similarly to Taiwan's "External Service Prison".
According to the latest news, Zhao Changpeng is scheduled to be released from prison at the end of this month (9/29), and many people have begun to pay attention to the fact that this incident may have a significant impact on the market performance of $BNB.
So, will this event be a bullish factor for $BNB, or will it trigger new market fluctuations?
