1/ Pivotal Date: On September 29, 2024, Changpeng Zhao (CZ), the founder of Binance, will be released after serving four months in prison on charges related to violating US securities laws.
2/ Positive expectations: The cryptocurrency community is looking forward to the impact of CZ’s return on the market, expecting Bitcoin and other cryptocurrencies to rise in price, as October is usually a positive month for the markets.
3/ Past Market Performance: Bitcoin has traditionally seen significant gains during October and November, boosting traders’ optimism as the “Christmas holiday” season approaches in December.
4/ Legal Challenges: After the ruling was issued, CZ resigned from his position as CEO of Binance, and the company was also subject to large fines from the US Department of Justice.
5/ Future projects: Before entering prison, CZ expressed interest in launching educational initiatives such as the “Gigle Academy,” which aims to educate underprivileged children in the fields of finance and blockchain.
6/ BNB Coin Performance: As the CZ release approaches, BNB Coin has seen a significant rise, reaching $610, reinforcing expectations of surpassing previous resistance levels.
7/ Future expectations for BNB: If this momentum continues, BNB may exceed the $620 barrier, and if this succeeds, the currency may witness a rise towards $686.
8/ Final message: The release of CZ is an important moment for the founder of Binance and the entire crypto community. As October approaches and optimism increases, the world is waiting for the impact it will have on the crypto market.
