Report: Binance Founder Unfollows Elon Musk
The last few hours have seen an unexpected move by Binance founder Changpeng Zhao (CZ), who unfollowed Elon Musk on Twitter. This move has caused a stir in the cryptocurrency community, especially considering the previous relationship between the two parties.
Background:
Previous support: In 2022, Binance contributed $500 million to support Musk’s acquisition of Twitter. CZ had announced plans to help Musk develop blockchain-based solutions to improve the platform and combat fraudulent bots.
Possible causes:
1. Twitter Partnership with eToro: Some analysts believe that CZ expressed his displeasure with Musk’s decision to partner with eToro instead of Binance to provide crypto services on Twitter.
2. Launching a crypto wallet: Rumors have circulated that Twitter is planning to launch a private crypto wallet that may include Pepe, which has sparked speculation that there are differences between CZ and Musk over the direction.
3. Difference in vision: The unfollowing may be an expression of CZ's objection to Twitter's recent management plans, especially after the appointment of Linda Yaccarino as the company's CEO.
Impact of the decision:
The move sparked widespread reactions on social media, with speculation about its impact on relations between the two companies.
This decision may have implications for potential future collaboration between Binance and Twitter.
summary:
Despite Binance’s strong support for Musk in the past, the relationship appears to have soured due to differences in interests or orientations. However, CZ has not made an official statement to explain the motivations behind his decision.
