#MarketNewHype
Changpeng Zhao, CEO of Binance, reminded followers on X of Binance's $500 million investment in Elon Musk's purchase of Twitter. CZ further emphasized Binance's early and outspoken support for Musk's audacious move by commenting Happy to have contributed to the cause after sharing a screenshot of an Investopedia headline. Initial responses to Elon Musk's $44 billion takeover of Twitter in late 2022 were conflicting.