September 29, 2024
Following the first tweet, CZ published his first public article, saying that his educational business Giggle Academy is progressing smoothly, which will become his next focus, and he will continue to invest in blockchain/decentralized technology, artificial intelligence and biotechnology. CZ is no longer short of money, and he also admitted that his investment is not about returns, but about impact. Due to legal restrictions, CZ has lost his direct voice in BN, but everyone knows that CZ's values still play a decisive role in BN's major decisions, at least for now, unless CZ himself takes the initiative to fade out of the management of BN, so the fundamentals of BNB's investment environment have not changed.
Vitalik also published an article titled "It's time to align the entire Ethereum ecosystem", which mainly stated that all organizations and individuals in the current Ethereum ecosystem should work towards building the same ecosystem. In a company or organization with a clear business model and goals, the influence of the founder or CEO cannot be ignored. In addition, the stage of going to the founder will directly affect the company's future fate. Therefore, for BN, there will definitely be no significant changes in the next few years, but there may be changes in 3-5 years.
Another good news worth noting is that FTX's compensation date seems to be approaching. According to information from different channels, FTX will start paying cash to creditors in the near future. The total debt scale is 16 billion US dollars. As far as we know, all currencies will be automatically converted into cash with certain interest. If this debt is paid in place, it will be a huge capital supplement for the entire crypto market. There is no doubt that some people will get the money and continue to buy cryptocurrencies in anticipation of the future bull market. Everyone has seen the recent A-share market. Once the market makes good money, it will also attract more funds to buy.
In terms of market conditions, the price of Bitcoin failed to continue to rise directly to completely break through the entire pressure zone of 65,000. Looking at this volatile trend, it has not given up the attack, but has a sense of being ready to go. Of course, after all, it is a pressure zone. I am currently in a bullish mentality but do not buy the rise. If it attacks, it is acceptable. I will continue to sell at that time. If the pressure level fails to break through, I will continue to buy in waves. In the short term, I tend to be bullish, but in the medium term, I tend to be bearish. The price has risen a lot in the past two days, and some people have a bit of a fomo mentality. For these people, my suggestion is to have as many positions as possible.
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