As a seasoned crypto investor with a decade-long journey under my belt, I find Changpeng Zhao’s latest plans intriguing and inspiring. Having gone through my own share of market volatilities and regulatory uncertainties, I can empathize with CZ’s long-term focus on impact rather than immediate returns. His commitment to education, blockchain technology, AI, and biotech mirrors my own investment philosophy.
After being released from jail last week, Binance co-founder Changpeng Zhao (CZ) has revealed his future goals for life. In a recent post on the X platform, Zhao announced that he intends to continue pouring resources into the blockchain industry, as well as artificial intelligence and biotechnology sectors.
In his first detailed message on the X platform, Zhao said that he would continue to focus on the non-profit online education platform Giggle Academy. He wrote:
Giggle Academy is thriving and looks set to be a significant part of my life over the coming years. I’m committed to pouring resources into blockchain/decentralized technologies, artificial intelligence, and biotechnology. As a long-term investor, I prioritize making a difference rather than just pursuing high returns. Additionally, I plan to devote more time and funds to philanthropy (and education), with some preliminary concepts in mind.
Beyond this, Changpeng Zhao, one of Binance’s co-founders, characterized himself as an investor who prioritizes impact over returns and looks at the bigger picture. In recent months, both CZ and Binance have encountered challenging times, culminating in a $4.3 billion penalty imposed on them in November 2023.
The entity in question was accused of neglecting to implement safeguards against terrorist activities and money laundering. In a settlement, CZ admitted to paying a $50 million fine personally and serving four months in prison. However, on September 27, Zhao was released from a California prison facility.
“GM, the food is simply delicious… What a treat to enjoy having more than one piece of fruit daily!
I know some of you may have a lot of questions. I won’t have all the answers.
Let me chill for a bit. Then figure out the next steps. There are always more opportunities in…
— CZ 🔶 BNB (@cz_binance) September 29, 2024
BNB Bulls Wait on Sidelines Following Zhao’s Release
Over the past week, the value of BNB surged beyond $600 following the announcement by CZ, but global economic concerns caused it to dip back below the $600 mark, testing the support line of its daily trend.
Courtesy: Learning: Crypto
Currently, Bitcoin (BTC) stands at $64,313 with a 24-hour volatility of -1.9%. The total market cap is approximately $1.27 trillion, and the 24-hour volume stands at $21.65 billion. These figures suggest that the broader crypto market has been experiencing some selling pressure due to concerns over future interest rate increases by the Bank of Japan. To rekindle its upward momentum, Binance Coin (BNB) needs to surpass the resistance level of $616 initially. Breaking through this barrier could potentially trigger a rally towards $800.
Read More
Sorry. No data so far.
2024-09-30 11:41