Changpeng Zhao (known throughout the crypto community as CZ), a co-founder and former CEO of the world’s biggest exchange by trading volumes, Binance, took to his account on the X social media platform to share his take on the recent Bitcoin price surges and the future of the BTC price.

CZ comments on Bitcoin ATH

This week, the world’s largest cryptocurrency soared by 11%, rising from $69,350 to touch the $77,000 level. After that Bitcoin traded between $75,000 and $76,000. Over the past 24 hours, BTC soared to hit the $77,252 mark, reaching the second all-time high this week.

In light of these new historic records, CZ, an influential figure in the crypto industry, issued a statement to warn investors and holders about the further dips and highs Bitcoin is bound to demonstrate.

CZ issued a warning that hodlers should “apply proper risk management” and control their greed. “Don’t put your eggs in one basket. Ape slowly,” Changpeng Zhao tweeted.

As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly. https://t.co/lSfLHbj7go

— CZ 🔶 BNB (@cz_binance) November 8, 2024

Once BTC soared above $77,250, CZ tweeted: “Just the beginning.”

card

CZ reacts to FTX collapse "anniversary"

In a recent social media post, CZ recalled the loud FTX collapse that took place in early November 2022. While that happened two years ago, CZ reacted in the comment that for him it feels like “definitely 20 years ago.”

FTX collapsed Nov. 8, and CZ announced that Binance had concluded a non-binding agreement to purchase its major rival — back then FTX was the second biggest cryptocurrency exchange. However, later Binance backed out of this agreement saying that FTX had faced a "significant liquidity crunch."

FTX founder and former CEO Sam Bankman-Fried was accused of defrauding investors of the exchange for billions of U.S. dollars in an attempt to save his rapidly sinking trading company Alameda Research, which collapsed earlier that year.

Bankman-Fried was sent to prison for 25 years. Still, CZ himself faced charges from the U.S. Department of Justice (DOJ) for violating security and anti-money-laundering laws. However, unlike SBF, CZ spent only four months behind bars this year. However, he was forced to step down from his CEO position forever. CZ was released at the very end of September, and many in the crypto community hoped that the start of “Uptober” and CZ’s release would push Bitcoin high upward.

CZ has asked crypto investors to maintain caution amid BTC price surge.

CZ believes that the market will remain volatile in the near future.

Bitcoin made a new all-time high at $77,252.75, breaking $77K for the first time.

Changpeng Zhao, co-founder and former CEO of Binance, urged his 9 million X followers to stay cautious and avoid greed as Bitcoin (BTC) reached $77,000 for the first time ever, hitting a new all-time high of $77,252.75.

In an X post, Zhao stated that Bitcoin reaching $77,000 is “just the beginning,” and market participants should anticipate further price surges soon. He acknowledged the market’s volatility, advising investors to prepare for the ups and downs of the digital asset sector.

Just the beginning.

— CZ BNB (@cz_binance) November 8, 2024

Zhao recommended that crypto investors control their greed and diversify their holdings. “Ape slowly,” he said, reposting a February 2021 X post where he emphasized that patience and avoiding panic selling are key to success in the crypto space.

Zhao’s X account recently became active again after he completed a four-month prison sentence in Lompoc, California. The billionaire’s net worth …

The post Binance’s CZ Advice as Bitcoin Reaches $77K: “Ape Slowly” appeared first on Coin Edition.

Changpeng Zhao (CZ), the former CEO of Binance, advised people to control their greed amid the recent spike in cryptocurrency prices and to be prepared for possible downturns in the market. The current trade price of Bitcoin is $76,428, showing a 9.88% increase over the last 7 days.

The current trade price of #Bitcoin $76,433 pic.twitter.com/tdkVpP9FyZ

— Bitcoinik (@Bitcoinikdotcom) November 9, 2024

Today, Bitcoin’s price reached another all-time high of $77,209. According to a top crypto analyst, if Bitcoin can maintain a price level above $71.5K, it may potentially reach $85,360.

If #Bitcoin $BTC maintains support above $71,489, the next local top could be around $85,360, based on the MVRV Deviation Pricing Bands. pic.twitter.com/ilvzI5iNPO

— Ali (@ali_charts) November 7, 2024

Amid the excitement over Bitcoin’s rise, Binance co-founder Changpeng Zhao (CZ) said that it is “just beginning.”

As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly. https://t.co/lSfLHbj7go

— CZ 🔶 BNB (@cz_binance) November 8, 2024

In another tweet, CZ advised his followers to be cautious, consider both scenarios, and follow basic investment principles. He mentioned that while Bitcoin might see significant highs, investors need to remember that price drops can also occur. Furthermore, CZ suggested not keeping all their investments in a single crypto asset.

As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly. https://t.co/lSfLHbj7go

— CZ 🔶 BNB (@cz_binance) November 8, 2024

Changpeng Zhao’s Crypto Holdings

Just a month ago, CZ completed a jail sentence due to reportedly providing crypto services in the US without being registered with the corresponding regulatory bodies. In the past, CZ stated that he doesn’t like meme crypto tokens and prefers Bitcoin and Binance Coin (BNB) as his main holdings.

CZ reportedly holds around 64% of the circulating supply of Binance Coin (BNB), roughly 94 million BNB tokens. With current market values, this stake is worth over $56 billion, making it a significant part of his wealth and placing him among the world’s wealthiest individuals, with an approximate net worth of $61 billion. Additionally, he holds a substantial stake in Bitcoin, though the exact amount remains undisclosed.

Read also: Donald Trump will take office on January 20, 2025, and before that, he will select new rules, including the Bitcoin Act

Former Binance CEO Changpeng Zhao, also known as CZ, recently addressed the second anniversary of the FTX collapse. In a social media post, Zhao commented on the sudden collapse of FTX, saying that the events seemed to have happened two decades ago.

The FTX exchange, which was at one time the world’s second-largest crypto exchange, went bankrupt, and the founder, Sam Bankman-Fried, is being charged with criminal activities and widespread losses for users.

definitely 20 years ago.

— CZ 🔶 BNB (@cz_binance) November 8, 2024

On the 8th of November, 2022, FTX went through a liquidity crunch that marked the beginning of its downfall. Binance had earlier tried to buy out the rival when Zhao signed a non-binding letter of intent to facilitate the rehabilitation of the failing exchange. But Binance pulled out of the deal within a week due to questions raised on the financial health of FTX.

Further investigations showed that Bankman-Fried had misused the customer’s funds, which culminated to fraud. He was handed a 25-year jail term earlier this year. However, Zhao also had his own problems, even though he was on a completely different side of the public conflict. In 2023, he had to resign from the post of Binance CEO and then was imprisoned in the USA for four months for banned actions, including anti-money laundering.

 Zhao has recently noted that he should not be compared to Bankman-Fried, as his legal issues arise from compliance issues rather than fraud. As reported by Cryptopolitan, he stated, “comparing somebody who’s stealing money versus somebody who failed to register a company.” 

Zhao rules out return to Binance leadership

While talking to the public for the first time after his release, Zhao stated that he did not plan to come back to Binance as its CEO. At the Binance Blockchain Week, he said he had no intention of returning to the leadership position, even if he could do so under the terms of his plea deal.

“I don’t have any need to go back. I don’t have any wish to go back,” Zhao stated. 

He acknowledged the leniency of his sentence and said that he wanted to turn his attention to other activities. While Zhao does not currently hold any executive position, he is the largest shareholder of Binance. He confirmed that he still has the power to ask for information on the company’s operations, but he does not intend to interfere.

Binance founder Changpeng Zhao (CZ) recently highlighted the need for educational resources in countries with low literacy rates. Through Giggle Academy, he aims to bring essential skills and knowledge to young learners in countries like Chad, Mali, and South Sudan. The platform will provide free, foundational knowledge using AI and blockchain technology, and will offer gamified, engaging lessons specifically designed to reach young learners in remote, low-resource areas.

With this initiative, CZ reaffirms his commitment to making education accessible where it’s needed most and empowering underserved communities.

Source

<p>The post Empowering Education with Giggle Academy: CZ Targets Low Literacy Countries first appeared on CoinBuzzFeed.</p>

In a recentsocial media post, former Binance CEO Changpeng Zhao commented on the second anniversary of the FTX collapse.

Zhao joked that it "definitely" felt like these events took place 20 years ago.

On Nov. 8, 2022, FTX, the second-largest cryptocurrency exchange, started to unravel in a rapid fashion.

After squabbling with FTX founder Sam Bankman-Fried, Zhao shocked the cryptocurrency industry by announcing that Binance had signed a non-binding letter of intent to acquire its archrival after the former faced "a significant liquidity crunch."

It also turned out that FTX had ceased processing withdrawals, pushing crypto prices sharply lower.

Later, it turned out that Bankman-Fried had committed massive fraud, stealing billions of dollars from the exchange's unfortunate customers.

card

Bankman-Fried ended up being sentenced to 25 years behind bars back in March.

Despite emerging victorious in his public feud with Bankman-Fried, Zhao also ended up falling from grace. Earlier this year, he served several months behind bars at a low-security California-based correctional facility after pleading guilty to violating anti-money laundering laws and stepping down as the Binance CEO in 2023.

While both crypto moguls ended up behind bars, their cases are not even remotely comparable. In a recent interview withBloomberg, Zhao stressed that comparing him to Bankman-Fried would be tantamount to comparing a thief to "somebody who failed to register a company."

As reported by U.Today, Zhao does not want to go back to spearheading the Binance exchange.

Bitcoin reached a new all-time high of almost $78,000 amid a broad market surge.

Changpeng Zhao advises crypto investors to manage risk and control greed.

CZ warns against placing all assets in one cryptocurrency.

Changpeng Zhao, the founder of Binance, warned Bitcoin users to avoid greed as cryptocurrency prices rose to unprecedented heights. The price of BTC rose to a record high of nearly $79,000, which triggered other primary digital currencies, such as Ethereum and Solana, to hit notable highs.

CZ Urges Prudence Amidst Bitcoin’s Latest High

CZ now no longer heads Binance as the CEO but is still a well-known personality in cryptocurrencies. He has recently shared tips about avoiding “greed” and “concentrating too much on one asset” as the market is still unpredictable. Given that Bitcoin is now rising in price higher than before, Zhao’s message emphasizes risk management.

https://twitter.com/cz_binance/status/1854971507421712818

Despite the positive current trend and numerous price variations, Zhao stresses the importance of balanced investment approaches for long-term market activities.

The market has been experiencing a bullish run, and Zhao’s comment was made at a time when major cryptocurrencies, such as Ethereum and Solana, also posted substantial gains. Yet Zhao’s cautious tone reminds traders that strong upswings are often accompanied by periods of decline, emphasizing that experienced investors approach such highs with tempered optimism and controlled risk exposure.

CZ’s Return to Crypto and His Future Market Role

After a brief period away from Binance following regulatory challenges, Zhao has re-engaged with the industry, highlighting his commitment to blockchain and AI technology. Recently released from jail, Zhao spent four months in custody facing regulatory issues over Binance’s compliance in the U.S. Now back, he continues shaping discussions within the industry, offering guidance that underscores both his market experience and ongoing influence.

Zhao’s statements reflect his investment principles; he prefers core assets like Bitcoin and Binance Coin (BNB). His estimated BNB holdings, around 94 million tokens, place his net worth at approximately $61 billion. This substantial stake positions Zhao among the wealthiest in the crypto sector, showcasing his continued alignment with Binance despite stepping down from his executive role.

Binance, FTX, and Zhao’s Impact on Crypto

The recent crypto market optimism coincides with the second anniversary of FTX’s collapse, which reshaped the industry. Binance and FTX briefly explored a merger, which was ultimately abandoned after fraud was uncovered at FTX under Sam Bankman-Fried, now serving a 25-year sentence. Reflecting on these industry shifts, Zhao acknowledged the enduring impact of the FTX fallout on market sentiment and investor caution.

The post Changpeng Zhao Warns Investors Against Greed as Bitcoin Hits Record Highs appeared first on Crypto News Land.

A long time ago, a man named CZ was the head of a company called Binance. Binance is a place where people buy and sell digital money. This digital money, called Bitcoin, has been g

etting more popular and making lots of money for people. CZ posted some ideas about how people should be careful when investing in Bitcoin, as it is getting more and more valuable.

Source

<p>The post CZs Bitcoin Advice: Staying Wary Amidst Record-Breaking All-Time Highs first appeared on CoinBuzzFeed.</p>

On November 9, CZ, the CEO of Binance, posted on social media about the importance of proper risk management for cryptocurrency investors. As Bitcoin continues to reach record highs, investors should be prepared for highs and lows, manage their greed, and diversify their investments. CZ also referenced a tweet from February 10, 2021, when Bitcoin was at a lower price, emphasizing that the current price is still 41.873% higher than that time.

The tweet encourages investors to focus on long-term wealth and avoid putting all their money into a single investment.

Source

<p>The post Bitcoin Surges and CZ Urges Proper Risk Management first appeared on CoinBuzzFeed.</p>

The 2025 United States presidential race spurred substantial monetary increases for several prominent tech leaders, most notably Binance CEO Changpeng Zhao, whose net worth astonishingly ballooned by $12 billion overnight. In the wake of Donald Trump’s victorious campaign, Zhao watched his wealth exponentially mushroom from $38 billion to a staggering $53 billion, capitalizing on a tide of optimism sweeping markets in response to anticipated pro-enterprise, crypto-friendly policies.

With Binance commanding the cryptocurrency space as the dominant global exchange platform, intensifying confidence in digital assets and Zhao’s personal crypto holdings have catapulted him to unprecedented new heights of wealth, embodying the broader economic advances witnessed across technology and digital currency sectors under Trump’s re-election.

Elon Musk Gains $26 Billion Overnight Following Trump’s 2025 Presidential Victory

As Donald Trump won the U.S. presidency for the second time on Tuesday night, political waves hit homes, making the consequences even felt by the richest across the globe. For some billionaires, it added one more layer of profit as market confidence rose above forecasts on Trump’s expected economic and regulatory agenda. None, however, did enjoy the full benefits more visibly than Elon Musk, high-profile CEO of Tesla and SpaceX, whose net worth leapt by an astonishing $26 billion in just 24 hours. Such was an increase a result of a 20% boost in Tesla’s share price after Trump had defeated Kamala Harris at the election polls, a reflection of Musk’s truly unique position right between where tech, innovation, and economic policy can intersect. 

The Surge of Tesla Shares

The surge in Tesla shares indeed reflects both enthusiasm on the part of investors and optimism that follows Trump’s potential impact on the business landscape, especially for American-based companies that manufacture and focus on technology creation.

As one of the country’s leading tech companies, Tesla has been the representation of advancement in green energy as well as manufacturing technology. Already, Donald Trump’s victory signalled a return toward policies that many believe will emphasize economic growth, U.S.-based manufacturing, and pro-business measures that may be conducive to continuing the upward trajectory.

Binance Founder CZ Adds $12 Billion Overnight Amid Election-Driven Crypto Surge 

Still, the cryptocurrency market also has its tale of fresh riches, though the more moderate one. Bloomberg estimates pegs the net worth of Binance founder Changpeng Zhao (CZ) to have risen by around $12 billion overnight from the day of the US elections till the next morning. Changpeng Zhao (CZ), founder and CEO of Binance, witnessed an extraordinary boost in his net worth. Rising from $38 billion to almost $53 billion in just 48 hours.

 

Forbes uses its method, a more relaxed approach to estimating the net worth of the Binance executive. The report does not give the readers a list of evaluations it had done; instead, Forbes states that today alone its net worth stands at $60.6 billion.

Most of CZ’s wealth comes from his 90% stake in Binance, the world’s largest crypto exchange, hosting over 150 million registered users. Private and not publishing annual accounts to the public, Bloomberg estimates the business to be raking in $9.8 billion each year in a trading spot and derivatives trading. CZ has also said that he owns Bitcoin and BNB personally.

The analysts thus linked CZ’s overnight jump with the skyrocketing price of cryptocurrency that started immediately after Mazel’s victory. Since the price of bitcoin increased by 7% this week, adding hundreds of billions to the global cryptocurrency market, it is thus not strange that Binance’s equity value jumped as a crypto-holding company that pools profit from the success of its crypto-holding clients.

Conclusion 

In conclusion, Donald Trump’s 2025 presidential victory has sent ripples through the financial world, with billionaires like Elon Musk and Changpeng Zhao (CZ) seeing remarkable overnight gains in their net worth. Musk, who gained $26 billion thanks to a 20% spike in Tesla’s stock, is a clear example of how investor optimism around a pro-business agenda can directly impact traditional tech and manufacturing giants. Similarly, CZ, the founder of Binance, added $12 billion to his wealth as cryptocurrency prices surged following the election, benefiting from Binance’s standing as the largest crypto exchange globally.

TheBITJournal is available around the clock, providing you with updated information about the state of the crypto world. Follow us on Twitter and LinkedIn, and join our Telegram channel.

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the wealthy

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

So it’s no surprise that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although specific historical data was not released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Profit of 14.78 Billion. USD Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

SOURCE

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the wealthy

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

So it’s no surprise that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although specific historical data was not released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Profit of 14.78 Billion. USD Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

Source link

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the wealthy

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

So it’s no surprise that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although specific historical data has not been released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Profit of 14.78 Billion. USD Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

SOURCE

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the rich

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

So it’s no surprise that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although specific historical data was not released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Utility in the $14.78 Billion Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

SOURCE

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the rich

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

It’s no surprise, then, that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although no specific historical data was released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Utility in the $14.78 Billion Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

SOURCE

Trump’s election victory brought a huge boost to the world’s richest people, including the Binance also its former CEO, CZ, whose fortune increased by $12 billion overnight.

Trump’s victory further swells the bank accounts of the rich

The election victory of Donald Trump shook the financial world on a global level, and the wealth of the richest continued to grow. And one of the biggest winners of the event is none other than Changpeng Zhao (CZ)was the founder and former CEO of crypto exchange Binance, whose net worth, according to Bloomberg estimates it increased by $12 billion in a single night. Along with Trump’s victory and the subsequent market reaction, the value of the entire crypto sector also showed a significant increase.

Elon Musk’s net worth also increased significantly

Of course, Trump’s victory brought huge profits not only for CZ: Elon Musk, CEO of Tesla (and also the richest man in the world) saw his net worth increase by several billion dollars. As soon as Trump officially defeated his opponent, Kamala Harris, Tesla shares rose 20%. Musk’s net worth thus increased from 264 billion dollars to 290 billion dollars within 24 hours.

The rise in the price of cryptocurrencies has pushed Binance’s cart

Binance is the largest crypto exchange globally with over 150 million registered users, and CZ’s fortune is closely tied to the company’s performance. Bloomberg estimates Binance generates $9.8 billion in revenue annuallymainly from spot and derivative transactions. Since the company is privately held, it does not release detailed financial information, but we do know that CZ owns 90% of Binancewhich forms the basis of his wealth.

The rise in the crypto market after Trump’s victory therefore directly increased CZ’s wealth. Bitcoin rose 7% following the election, adding hundreds of billions of dollars to the global crypto market capitalization. All of this also increased the value of Binance, as crypto market growth benefited Binance users and thus CZ’s wealth. According to the Bloomberg Billionaire Index CZ’s assets thus increased from $38 billion to $52.7 billion After Trump’s victory.

CZ’s fortune jumped from $38 billion to $53 billion in 2 days

However, it’s worth noting that CZ also owns bitcoin and BNB tokens as a private individual, so his wealth is likely well over $53 billion.

So it’s no surprise that Forbes was a bit more generous with its estimate of the Binance founder’s wealth: although specific historical data was not released, the magazine according to Today, CZ’s fortune can be estimated at 60.6 billion dollars.

Many people are bidding for CZ’s stake in Binance

Bloomberg reports that CZ already has received several offers for a controlling stake in Binanceand while he did not confirm whether he would sell his stake, he did say that “happy to review all offers”. He has not ruled out the sale, but he has not yet decided to whom and for how much he would sell his share. The value of CZ’s shares increased significantly after Trump’s victory, so it is possible that he will consider a possible sale in the future.

In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act, which is a violation of US anti-money laundering laws. As part of a settlement with the US Department of Justice, CZ agreed to pay a $50 million fine and step down as CEO of Binance. He was also sentenced to four months in prison, after which he was released on September 27.

Minotaur (MTAUR) – The Unmissable Presale!

Up to 70% Discount After Token Purchase

Referral Program and Incentive Benefits

USDT 100,000 Sweepstakes: Outstanding Chance of Winning

In-Game Utility in the $14.78 Billion Casual Game Market

Smart Contract Audited by SolidProof and Coinsult

I’m interested

Source link

Binance founder Changpeng Zhao (CZ) saw his net worth increase by an estimated $12 billion overnight following Donald Trump's 2025 US presidential victory. Bloomberg reported CZ's wealth rose from $38 billion to $52.7 billion, while Forbes estimates it at $60.6 billion. This surge is attributed to a rally in crypto prices, with Bitcoin up 7% and Binance's equity value increasing due to its large user base and crypto holdings. CZ's wealth primarily comes from his 90% stake in Binance, the world's largest crypto exchange❗
#CZ #ChangpengZao #Trump47thPresident #Binance $BTC $BNB $ETH

Former Binance CEO Changpeng Zhao recentlytold Bloomberg that he was offered to sell his stake in the Binance exchange.

However, the cryptocurrency tycoon did not spill the beans about who actually came up with that proposal.

According to Forbes, the net worth of the Binance head is estimated to be $61 billion, which makes him one of the richest people on the planet. His 90% stake in the cryptocurrency behemoth accounts for the lion’s share of his fortune.

It is not clear how much Zhao was offered for his stake in the exchange.

The billionaire has stated that he was open to new offers. With that being said, he is yet to decide how long he is going to hold his Binance stake.

Zhao, who stepped down as the Binance CEO last November, told Bloomberg that he did not actually want his job back, arguing that it is a closed chapter in his life. The former Binance CEO says that his "kid" is now a grown-up.

He described himself as a "regular shareholder" after someconcerns were raised over his outsized influence.

Asreported by U.Today, Zhao has been barred from running the world's leading cryptocurrency exchange ever again by U.S. authorities.

Earlier this year, he served a jail sentence after pleading guilty to violating anti-money laundering rules.

Speaking of his time at the Lompoc II correctional facility, Zhao said that was referred to as "big Bitcoin guy." Even though he is a celebrity in crypto circles, many inmates initially did not know who he was. Some eventually asked CZ for cryptocurrency investment advice. Zhao became particularly friendly with one crypto-savvy bank robber.