- Delay in sentencing for former Binance CEO Changpeng Zhao's alleged money laundering case, now pushed to April 30th from February 23rd.
- Despite pleading guilty and assisting US authorities, Zhao faces a possible 18-month prison term.
- BNB, the cryptocurrency associated with Binance, is currently stagnant around $320, contrasting with the surge in other cryptocurrencies.
- Potential for BNB to break out to $400, particularly if it surpasses the resistance zone of $337 - $340.
In an unexpected turn of events, the sentencing for Changpeng Zhao, the former CEO of Binance, has been postponed from the initially scheduled date of February 23 to April 30, as reported by CNBC. The reason behind this delay remains undisclosed, and Zhao's legal representative, William Burke, has refrained from commenting on the matter.
Known by the alias CZ, Zhao is facing potential imprisonment for up to 18 months in the United States on charges related to the alleged use of Binance for money laundering. Prosecutors are reportedly pushing for a more extended sentence, according to The New York Times.
Having been in the U.S. since August 2023, Zhao was granted parole on a $175 million bond. In November 2023, he resigned from his roles as CEO of Binance and Chairman of the Board of Directors of Binance US, succumbing to mounting pressure from U.S. regulatory bodies. The charges against him include operating an illicit scheme through Binance, facilitating the laundering of crypto valued at billions, and violating the International Emergency Economic Powers Act by engaging with sanctioned organizations.
In November, Zhao pleaded guilty to these charges and agreed to cooperate with the prosecution, offering over $2.5 billion in personal assets to the U.S. government. Binance, as a company, also committed to compensating victims of its illegal operations with $4.3 billion.
Despite Zhao's cooperation, he is forbidden from returning to the UAE, where he resided since 2018. A U.S. judge rejected his request in December, citing a "substantial risk" of flight, given his significant assets and connections in the UAE, along with the absence of an extradition treaty between the UAE and the U.S.
While analysts suggest that Binance's reputation has been permanently damaged, the cryptocurrency market has shown resilience, with BNB experiencing a modest price increase. BNB is currently attempting to surpass the $337 resistance, and if successful, it could contribute to a broader bullish trend in the market, potentially leading to a $400 Bitcoin. However, it's crucial for readers to conduct thorough research and exercise caution when dealing with highly volatile financial assets like cryptocurrencies.

#BinanceCEO #Binance #BNB #czbinance #binanceczresign
$BNB

#Binance , la plus grande plateforme de cryptomonnaies au monde par volume d’échanges, a investi 500 millions de dollars dans l’accord de 44 milliards de dollars pour l’acquisition de Twitter par Elon Musk. Ce mouvement stratégique suscite des spéculations sur une possible intégration de la technologie blockchain dans la célèbre plateforme de médias sociaux.
Binance et l’avenir de Twitter
Changpeng Zhao (CZ), PDG de Binance, a confirmé l’investissement dans un tweet :
“Nous avons transféré 500 millions de dollars il y a deux jours, probablement juste au moment où les questions sur Elon/Twitter étaient posées.”

Binance aurait également formé une équipe dédiée à explorer les opportunités d’utiliser la blockchain et les cryptomonnaies pour améliorer Twitter.
Twitter et la blockchain : un avenir possible ?
Elon Musk a évoqué depuis longtemps l’idée de lier blockchain et médias sociaux. Dans un échange avec Jack Dorsey, ancien PDG de Twitter, il déclarait :
“La liberté d’expression via la blockchain est une idée intéressante, mais la question reste : comment l’implémenter ?”
L’acquisition de Twitter pourrait être une opportunité pour Musk de transformer la plateforme et de l’intégrer davantage dans l’écosystème Web3.
Le rôle de Binance dans l’accord
En mai, Binance avait déjà annoncé son intention de soutenir l’acquisition comme une “petite contribution à la cause”. CZ a présenté l’accord comme un moyen de connecter médias sociaux et Web3.
La participation de Binance se distingue des autres contributeurs tels que Morgan Stanley, Bank of America et Fidelity, qui ont majoritairement fourni des financements sous forme de capital d’emprunt.
Réflexions finales
Cet investissement de Binance souligne son ambition de jouer un rôle clé dans l’évolution de Twitter sous la direction de Musk. Cependant, avec les nombreux rebondissements entourant cette acquisition, d’autres surprises pourraient survenir dans les mois à venir.
#CZBinance #Web3Twitter #BlockchainFuture

The cryptocurrency market is expected to record major changes towards the end of the month. #Binance Coin (#BNB ) investors, in particular, have been eagerly awaiting to witness the release of Changpeng Zhao. The Binance founder is all set to walk out of the Long Beach RRM federal facility on September 29, 2024. CZ will complete his four months in prison.
While this is expected to boost the price of the altcoin, the volatile nature of the market adds a hint of uncertainty. At press time, BNB was trading at $603.01, following a nearly 4% rise over the past 24 hours. Throughout the past day alone, Binance Coin went from a low of $578 to a high of $605.
Currently, Binance Coin is trading 16% below its all-time high of $720. The asset took the market by surprise when it surged and recorded a new all-time high about four months ago. Given its current momentum, the market expected the altcoin to reclaim this level by the end of the month.
How Will Binance Coin End September?
According to data from Changelly, Binance Coin will continue its current trend till the end of the month. The firm revealed that the asset will witness a surge to a high of over 7%. BNB will reportedly trade at a high of $639.56.
As seen in the above image, BNB will not be able to reach a high of $700 this month. The asset will require more momentum to surge to this level. Sadly, Binance Coin investors will have to wait longer to revisit its peak.
#BNBUSDT #czbinance

Hello Dear CryptoPM Feed Fam:

As rumors swirl and speculation mounts, Binance, one of the world’s largest cryptocurrency exchanges, has forcefully denied allegations of a 20% staff cut. The exchange’s CEO, Changpeng Zhao, took to Twitter to address the issue, dismissing it as ‘FUD’ (Fear, Uncertainty, and Doubt).

While Zhao denied the allegations, he went ahead to express the industry’s ever-changing dynamics and the need to stay agile. Particularly, Binance emphasizes its commitment to talent optimization and cost efficiency.

Staff Cut Allegations Denied

On Wednesday, Chinese reporter Colin Wu, known for his blockchain-focused Twitter account WuBlockchain, shared a report suggesting that Binance had initiated a significant round of layoffs, amounting to approximately 20% of its workforce.

WuBlockchain’s sources claimed that around 8,000 employees were affected by these alleged job cuts. However, CEO Changpeng Zhao swiftly refuted the rumors and referred to them as ‘FUD.’

The CEO tweeted: “Another day, another FUD. On rumors of layoffs.” Zhao further addressed the issue head-on, asserting that the company operates a continuous talent optimization program, ensuring that the company maintains a strong cultural fit.

He stated that while some employees may be high performers, they may not align with the unique culture and situation of Binance, thus leading to their departure from the company. The CEO stressed that these ongoing talent optimization efforts should not be misconstrued as a predetermined percentage of staff that needs to be cut.

CZ tweeted: 

Binance has a “bottom out” (we should probably rename it to something else) program. We constantly say goodbye to people who are not strong fits with the company. This program is constant. I push for it on a weekly basis. 

Binance’s Chief Communications Officer, Patrick Hillman, also joined the conversation on Twitter, vehemently denying the alleged layoffs. Hillman highlighted the challenges faced by crypto organizations, emphasizing the need to remain adaptable and competitive in the ever-evolving cryptocurrency industry.

He described the talent density audit and resource allocation exercise that the exchange regularly undergoes, noting that it is part of the exchange’s “secret sauce.” Hillman affirmed Binance’s commitment to retaining and hiring top talent, and he emphasized the appeal that former employees hold for recruiters across the globe.

Binance Navigating Challenges

Binance, one of the leading exchanges, has been no stranger to controversies and regulatory challenges in various jurisdictions. Amid the sudden wake of the FTX crash late last year, Binance suffered major FUD as some in the crypto community expected the FTX contagion to affect the exchange.

However, the crypto exchange did not only end up standing strong after the FTX collapse but also played a key role by creating a billion-dollar worth of crypto industry funds for companies experiencing a financial run. Meanwhile, in recent months, the exchange was caught up in the continuous regulatory scrutiny of crypto.

Recently, South Korea has outlined its intention to introduce a system that enables the real-time monitoring of wallet addresses and facilitates the freezing of funds on various crypto exchanges, including Binance.

Regardless of the current negativity and regulation surrounding Binance, the exchange native token, BNB has managed to maintain composure and has not plunged as expected. Instead, BNB has only seen a 0.1% decline in the past 7 days, and a 0.7% loss in the past 24 hours with a trading price still above $300.

#Binance #czbinance #BNB #cryptopmyoutube #feedfeverchallenge

Binance exchange, which suspended Bitcoin withdrawal transactions for 2 times yesterday and tonight and then reopened, announced that it will integrate the Lightning Network into the platform.

Following the Ethereum network fees that increased during the PEPE Coin craze last week, Bitcoin network fees also reached the highest level of the recent period yesterday. Shooting requests on the Binance exchange also reached a record high, which led the exchange to stop trading.

After the stop steps at around 18 o'clock last night and tonight, the stock exchange had reopened shooting operations. While the average transaction fees in Bitcoin also go above $ 15, mempool.according to space data, there are more than 421 thousand unapproved and pending transactions on the network. This figure exceeded 500 thousand for the second time when the stock exchange suspended shooting operations.

The Lightning Network is coming

After all this happened, consecutive statements came from Binance. The Stock Exchange announced that it has taken measures to ensure that the same situation does not happen again, that it will monitor on-chain data more closely, and at the same time, work has begun for the integration of the Lightning Network. #Binance #czbinance #BNB #crypto2023 #eth2.0

The re-election of Donald Trump has sent ripples across the financial world, sparking a resurgence of confidence in tech and crypto markets. Major players like Elon Musk, Changpeng Zhao (CZ), and Brian Armstrong are riding a wave of unparalleled optimism, with their fortunes witnessing monumental growth. This surge reflects not just individual success but also the broader market's faith in Trump's pro-business policies and their potential to drive innovation.

Elon Musk: The Visionary Billionaire Breaking Barriers

Elon Musk, a symbol of relentless innovation, has added an eye-popping $26 billion to his net worth, now totaling $290 billion. Tesla's stock skyrocketed by 16.2%, with investors betting on regulatory flexibility under Trump’s administration to supercharge Musk’s ambitious ventures. From electric vehicles to space exploration, Musk’s influence on global tech remains unparalleled. This boost underscores the market's enduring admiration for Musk’s transformative vision.

Changpeng Zhao (CZ): The Resilient Crypto Pioneer

Despite facing turbulent times, including legal challenges and a brief incarceration, CZ, the mastermind behind Binance, emerged stronger than ever. His net worth climbed by $12.1 billion, reaching $52.7 billion, solidifying his position as a crypto heavyweight. Binance’s unyielding grip on the market highlights the resilience of CZ’s leadership and his ability to inspire confidence in a sector poised for explosive growth under favorable regulations.

Brian Armstrong: A Steady Hand in the Crypto Revolution

Brian Armstrong, CEO of Coinbase, saw his net worth swell by $2.5 billion to a total of $11 billion. Coinbase’s stock surged by 31%, fueled by expectations of pro-crypto policies under Trump. Armstrong’s leadership in simplifying crypto for mainstream adoption positions him as a central figure in this thriving industry. His ability to navigate the complexities of the crypto world continues to attract institutional and retail investors alike.

Bitcoin’s Meteoric Rise: A Symbol of Market Optimism

The crypto market at large is basking in the glow of Trump’s pro-business reputation. Bitcoin, the flagship cryptocurrency, has broken records, soaring past $90,000. Analysts now project it could hit the elusive $100,000 mark by early 2025, driven by increasing institutional adoption and an anticipated regulatory boost. This milestone signals a pivotal moment for the crypto ecosystem, setting the stage for sustained growth.

A Cautious Eye on Inflation Risks

Amid this euphoria, concerns about inflation are surfacing. Trump’s proposed policies, including tax cuts and tariffs, could heighten consumer prices, potentially tempering market gains. Economists emphasize the importance of balancing pro-business initiatives with inflationary pressures to sustain the current momentum. The crypto market, often seen as a hedge against inflation, could play a critical role in mitigating these challenges.

The Road Ahead for Tech and Crypto Titans

The re-election of Donald Trump has amplified the wealth and influence of tech and crypto visionaries like Musk, CZ, and Armstrong. Their gains reflect not just the market's enthusiasm but also the transformative potential of their respective industries under a favorable regulatory environment. However, as inflationary pressures loom, the challenge lies in sustaining this growth while navigating a complex global economy.

The coming years will be crucial in determining how these dynamics reshape the financial landscape. For now, these billionaires continue to lead the charge, harnessing the power of innovation and market optimism to redefine what’s possible in tech and crypto.

#USDebt36Trillion #TrumpCryptoSupport #ElonMuskUpdate #CZBinance #BinanceSquareFamily

Binance, the world’s largest cryptocurrency exchange, has made waves by investing $500 million into Elon Musk’s $44 billion Twitter acquisition. This monumental move has crypto enthusiasts buzzing: Could blockchain finally integrate with social media?

🧵 Binance x Twitter: The $500M Game-Changer
In a tweet, Binance CEO Changpeng Zhao (CZ) confirmed:
"We transferred $500 million two days ago, likely around the time Elon/Twitter discussions were taking place."
This isn’t just a financial play—it’s a bold step toward merging social media and blockchain technology.

🛠️ Could Twitter Move to Blockchain?
Elon Musk has long toyed with the idea of blockchain-powered free speech. Earlier this year, Musk told former Twitter CEO Jack Dorsey:
"Blockchain free speech has been a concept for a long time. The question is how to implement it."
🔍 With Binance’s support, a dedicated team is reportedly exploring how crypto and blockchain technology could enhance Twitter. Imagine a future where Twitter integrates:
Decentralized identity systems 🆔
Crypto payments for creators 💸
Blockchain-based content verification ✅

🔗 Why Binance Is Backing Musk’s Vision
Binance first announced support for the deal in May, calling the move a “small contribution to the cause” of bridging social media and Web3.
While institutions like Morgan Stanley, Bank of America, and Barclays chipped in with $2.5 billion in debt capital, Binance’s role as a Web3 ambassador sets it apart.
Key Players in the Deal:
Sequoia Capital 🌟
Qatar Investment Authority 🏦
Fidelity Management & Research 📊
CZ’s Take:
"If he [Musk] goes, we go." Binance’s $500M isn’t just money—it’s a statement: the future of social media belongs to Web3.

🚀 What’s Next for Twitter and Web3?
With Musk referring to Twitter’s new vision as “the bird was released,” we could soon see Twitter:
Empower creators with crypto monetization tools 🔥
Enhance user experiences with blockchain security 🔐
Introduce Web3 features that redefine digital ownership 🌐
This move isn’t just about Twitter—it’s about showing the world how blockchain can revolutionize social interaction.

🌟 The Takeaway
Binance’s $500M investment in Elon Musk’s Twitter deal is more than just big news—it’s a paradigm shift. As crypto and blockchain innovation collide with social media, the possibilities are endless.
Are you ready for the future of Web3-powered social media?
🔗 Trade crypto on Binance and be part of this historic evolution. The future is here. 🚀
#Binance #TwitterReimagined #Web3Integration #CZBinance #CryptoMeetsSocial

Changpeng Zhao (#czbinance ), the founder of Binance, has shared his amazement at the news that Revolut, Europe’s largest unicorn company, has added BNB to its platform.
#BNB is the native utility token of Binance, the largest cryptocurrency exchange in the world. With a global user base of over 40 million, Revolut’s decision to list the Binance Coin or “BNB” is expected to boost its accessibility. The listing will also attract more mainstream users to BNB.

#Revolut Rolls Out Crypto Services Across 30 European Markets
In November, Revolut announced that it has expanded its crypto exchange, Revolut X, to serve customers in 30 additional European countries.
Revolut X offers competitive flat fees, 0.00% for makers and 0.09% for takers, regardless of trading volume, the platform said. Additionally, existing Revolut customers can convert between fiat and cryptocurrency within the Revolut ecosystem.
The company launched Revolut X in May this year, targeting retail customers in the UK.
In August, BNB Chain announced that the BNB Chain Bridge went live, enabling it to interconnect with other blockchains. The new bridge has been launched in collaboration with cross-chain technology providers Celer, deBridge, and Stargate.
CZ, the founder of Binance, has played an important role in driving global crypto adoption. Under CZ’s leadership, Binance developed the token BNB.
#BTCNextMove #MarketPullback

Here is my first article posted on #Binance

Let's keep learning #binanceacademy

FOMO: This how beginners lose their assets because of the spirit of fear.

Q: What FOMO?

A: Fomo is the fear of missing out due to anxiety OR fear of missing out on an opportunity OR profit that can be obtained in the best case scenario.

In the crypto market, people often get FOMO in the midst of a bull market, which drives the market up. But this growth is not healthy. It's important to remember that at the first sign of problems, FOMO is replaced by panic sales of assets.

Never panic, focus on your bag, Remember not to sell based on fud news because they only want you to sell at a low price

Just like #czbinance will say, always DYOR before investing in any project! Is for you own good 👍

Thanks for reading, expect more article from me