The $10 billion venture capital arm of crypto titan Binance will now be operating under a new name and brand. In a statement, the world’s biggest crypto exchange says Binance Labs has rebranded as YZi Labs, a venture capital firm with a broader focus on Web3, artificial intelligence and biotechnology. The move aims to give […]
The post Binance Founder Changpeng Zhao Taking Active Advisory Role in New $10,000,000,000 Venture Capital Firm appeared first on The Daily Hodl.
Malaysia’s prime minister, after discussions with Binance’s CZ, is urging swift action on blockchain regulations and collaborations to modernize the nation’s financial systems. Malaysia Won’t Be Left Behind: PM Anwar Discusses Crypto and Blockchain With Binance’s CZ Malaysian Prime Minister Datuk Seri Anwar Ibrahim has unveiled his country’s intention to adopt a progressive stance on […]
Crypto owners risk losing everything by accepting assets via shared private keys or pre-configured wallets, warns Binance’s former CEO, CZ, emphasizing the danger of shared access. CZ Cautions Crypto Users—A Simple Transfer Could Empty Everything Changpeng Zhao (CZ), former CEO of crypto exchange Binance, issued a cautionary message to cryptocurrency holders, emphasizing the dangers of […]
After a prison sentence and forced exit from Binance’s leadership, Changpeng Zhao hints at bold, unexpected ventures ahead — charting a path few could foresee. From Prison to Plans: Binance’s CZ Unveils a Future Few Could Predict Binance cofounder and former CEO Changpeng Zhao (CZ) has declared he has no desire to return to the […]
BNB price staged a mild recovery, but could lackluster network activity and less-than-stellar Binance launchpad results put a cap on the gains?
BNB (BNB), the native token of BNB Chain, gained 4.1% from Oct. 10 to Oct. 11, signaling resilience after briefly testing the $555 support level. BNB price has remained relatively stable since July, even as the broader altcoin market saw a 15.6% decline. This performance has solidified BNB as the third-largest cryptocurrency, with a significant $15 billion market capitalization advantage over Solana (SOL).
Ochain activity for BNB Chain dropped by 37% over the past week, raising concerns among investors about the sustainability of the BNB recent outperformance. Traders are wary that Ethereum's layer-2 scaling solutions are gaining traction, especially following the launch of the Base network, which offers fast and exceptionally low-cost integration with Coinbase, the leading US exchange and Web3 wallet provider.
It could be argued that BNB's value is partly driven by the offerings of the Binance exchange, including exclusive launchpad access and trading fee discounts, which may reduce the need for BNB usage on the BNB Chain itself. However, beyond network transaction fees, BNB is widely utilized across the ecosystem's decentralized applications (DApps) for trading, staking, yield farming, real-world assets (RWA), lending, launchpads, gaming, and derivatives markets.
Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence that future opportunities will exceed those of the past. CZ Shares Vision Following Prison Release […]
Changpeng “CZ” Zhao, former CEO of Binance, took to social media to make his first statements after being released from a correctional facility where he was confined for compliance crimes. Thanking his supporters, Zhao explained that he would take some time to assess his next moves but highlighted that he would continue in the investment […]
Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju, […]
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans […]
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
Binance founder Changpeng Zhao was released early from custody on Sept. 27, and the price of Bitcoin (BTC) and Binance’s BNB (BNB) token dipped slightly since the start of the trading day.
According to a previous Forbes report, Zhao holds 64% of the total BNB supply, placing the entrepreneur’s net worth around $61 billion in June 2024 and making him the 24th richest person in the world at the time. Zhao’s vast holdings of Binance’s native currency sparked concern about the centralization of the token once the report was published.
Today, the 94 million BNB tokens held by Zhao represent roughly $57 billion in value at the time of writing — a significant reduction when measured against prices in June 2024, which topped $700.
