April 30, 2024 Grandpa checks in
Tomorrow, May 1, CZ will have his sentencing hearing. The U.S. Department of Justice is taking a tough stance, asking the judge to sentence CZ to three years in prison and a $50 million fine, while the U.S. Probation Office recommends a five-month suspended sentence. This is not the first criminal verdict against an individual in the B-circle so far. SBF was imprisoned before this, so CZ's verdict is of far-reaching significance to the B-circle. In fact, as He Yi said, CZ chose to face the U.S. Department of Justice head-on in order to preserve the overall situation, which may be family, BN, or even the crypto industry. As B-circle practitioners, we hope for a good ending.
To be honest, I still don't know much about the crimes committed by CZ. At least for BN users, CZ did not do anything to harm users. On the contrary, after CZ was placed under house arrest, the price of BNB rose from more than 200 to 600, and users holding the currency also made a lot of money in Launchpad and other activities. In a sense, it was because of CZ that the Americans did not continue to engage in BN. After being in the B circle for a long time, I am familiar with the routines of the Americans. After all, the long-arm jurisdiction and the right to speak are in their hands. It is normal to be jealous of BN, which makes a lot of money every day.
In any case, the B-circle is what it is today thanks to the efforts of the pioneers, and of course they have received generous rewards, which they deserve. Judging from the current price of BNB, CZ's hearing should be mostly good news. I always believe that the power of capital is indispensable behind the power of the Americans, and what CZ lacks the least now is money. This wave of BNB price trend is stronger than the market, which once again verifies the strong vitality of BN. This is also the trading platform that the B-circle needs and trusts the most.
In terms of market conditions, it fell again today, which is reasonable. As I said yesterday, Ethereum has a lot of buying recently, but the price has not stabilized and continued to rise, which means that the selling pressure has not ended. But you don’t have to worry, as long as Bitcoin does not break 60,000, we can take orders at the support level. I would like to remind you again that many new coins in this wave of market conditions have raised FDV while the market is going well. There will be a long period of unlocking and selling, so be cautious when buying. If you have no idea about copycat and mainstream coins, just play with Bitcoin Ethereum at this stage.
Thank you for your attention and likes.
