赵长鹏
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#赵长鹏
All pending matters have finally come to a conclusion, and CZ has officially begun his prison service, and is expected to be released in October this year. This indeed marks that Binance will fully enter a new era of government regulation in accordance with the law.
This incident not only reveals the complexity of the cryptocurrency industry in regulatory issues such as anti-money laundering, but also shows the possibility of a win-win situation between the government and enterprises through cooperation. Undoubtedly, this provides an important reference model for countries around the world to deal with similar issues. However, it is regrettable that the huge fine of up to $4.3 billion, which could have been kept in our great Eastern country, was eventually transferred to the Americans due to some bureaucratic decisions that were unwilling to deeply understand and adapt to the development trends of new technologies.
It is reported that Zhao Changpeng (CZ), the founder of Binance Exchange, has gone to a federal prison in California, USA, to serve his sentence in accordance with the verdict.
In November last year, Zhao Changpeng reached a settlement agreement with the US government, ending a long-term investigation into Binance. As part of the settlement, he resigned as CEO of Binance. Although he no longer directly manages the company, he still holds about 90% of the shares and is still the actual controller of Binance.
Zhao Changpeng was accused of failing to effectively implement an anti-money laundering program and allowing Binance to process transactions involving proceeds from illegal activities, in violation of the requirements of the Bank Secrecy Act. The U.S. government required Binance to pay $4.3 billion in fines and forfeitures, and Zhao Changpeng personally agreed to pay a $50 million fine.
In April of this year, Zhao Changpeng was sentenced to four months in prison for pleading guilty to money laundering charges. This sentence was much lighter than the three-year sentence originally requested by federal prosecutors. Before the sentencing, he told the judge that he recognized his shortcomings in anti-money laundering and expressed deep regret.
The latest news comes from CNBC. Zhao Changpeng has reported to a federal prison with a lower security level, and his defense law firm has also confirmed the news. This means that, as things stand, CZ is expected to end his prison life in October this year and start a new chapter in his life. After all, he is still young and there are still unlimited possibilities in the future.
#新币挖矿 #BTC走势分析 #美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准
Follow me and play in the cryptocurrency circle
All pending matters have finally come to a conclusion, and CZ has officially begun his prison service, and is expected to be released in October this year. This indeed marks that Binance will fully enter a new era of government regulation in accordance with the law.
This incident not only reveals the complexity of the cryptocurrency industry in regulatory issues such as anti-money laundering, but also shows the possibility of a win-win situation between the government and enterprises through cooperation. Undoubtedly, this provides an important reference model for countries around the world to deal with similar issues. However, it is regrettable that the huge fine of up to $4.3 billion, which could have been kept in our great Eastern country, was eventually transferred to the Americans due to some bureaucratic decisions that were unwilling to deeply understand and adapt to the development trends of new technologies.
It is reported that Zhao Changpeng (CZ), the founder of Binance Exchange, has gone to a federal prison in California, USA, to serve his sentence in accordance with the verdict.
In November last year, Zhao Changpeng reached a settlement agreement with the US government, ending a long-term investigation into Binance. As part of the settlement, he resigned as CEO of Binance. Although he no longer directly manages the company, he still holds about 90% of the shares and is still the actual controller of Binance.
Zhao Changpeng was accused of failing to effectively implement an anti-money laundering program and allowing Binance to process transactions involving proceeds from illegal activities, in violation of the requirements of the Bank Secrecy Act. The U.S. government required Binance to pay $4.3 billion in fines and forfeitures, and Zhao Changpeng personally agreed to pay a $50 million fine.
In April of this year, Zhao Changpeng was sentenced to four months in prison for pleading guilty to money laundering charges. This sentence was much lighter than the three-year sentence originally requested by federal prosecutors. Before the sentencing, he told the judge that he recognized his shortcomings in anti-money laundering and expressed deep regret.
The latest news comes from CNBC. Zhao Changpeng has reported to a federal prison with a lower security level, and his defense law firm has also confirmed the news. This means that, as things stand, CZ is expected to end his prison life in October this year and start a new chapter in his life. After all, he is still young and there are still unlimited possibilities in the future.
#新币挖矿 #BTC走势分析 #美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准
Follow me and play in the cryptocurrency circle
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"Zhao Changpeng's release date confirmed: Binance fans' expectations dashed, the truth is..."
Binance founder Zhao Changpeng's release date has become a hot topic, and some fans shared their expectations of August 30 on the X platform, but fact-checking revealed a different truth: Zhao Changpeng's actual release date is September 29.
Release date misunderstanding:
It is widely speculated that Zhao Changpeng will be free on August 30, but this is not the case.
Legal struggle:
Zhao Changpeng's legal team actively fought to delay his imprisonment, and he was not stationed in a prison in Seattle as originally planned.
Prison transfer:
Zhao Changpeng was eventually transferred to FCI Lompoc II, a low-security federal prison located north of Los Angeles.
What do you think of this release date misunderstanding?
What impact will Zhao Changpeng's release have on Binance and the cryptocurrency market?
#赵长鹏重出江湖 #赵长鹏 #赵长鹏再次火上热搜 #比特币大会 #币安7周年
Binance founder Zhao Changpeng's release date has become a hot topic, and some fans shared their expectations of August 30 on the X platform, but fact-checking revealed a different truth: Zhao Changpeng's actual release date is September 29.
Release date misunderstanding:
It is widely speculated that Zhao Changpeng will be free on August 30, but this is not the case.
Legal struggle:
Zhao Changpeng's legal team actively fought to delay his imprisonment, and he was not stationed in a prison in Seattle as originally planned.
Prison transfer:
Zhao Changpeng was eventually transferred to FCI Lompoc II, a low-security federal prison located north of Los Angeles.
What do you think of this release date misunderstanding?
What impact will Zhao Changpeng's release have on Binance and the cryptocurrency market?
#赵长鹏重出江湖 #赵长鹏 #赵长鹏再次火上热搜 #比特币大会 #币安7周年
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$EDU
EDU is an education public chain invested by Binance, and is currently the leader in the education sector.
Binance invested, raised $11.65 million, and also received support from the Arb Foundation.
The current market value is $180 million, and the current price is $0.54.
The education track is the track that CZ and the Ethereum Foundation focus on. They have reminded us to pay attention to EDU many times before.
When CZ said he wanted to develop education a few days ago, it was also a direct explosion.
The test network activity was just launched a few days ago. Family members who have airdropped can go and get some OC points.
These points can be exchanged for main network tokens in Q4 this year.
At present, the callback has been in place, and some long-term tracks can be laid out.
#edu #EDUChain #教育板块 #赵长鹏
EDU is an education public chain invested by Binance, and is currently the leader in the education sector.
Binance invested, raised $11.65 million, and also received support from the Arb Foundation.
The current market value is $180 million, and the current price is $0.54.
The education track is the track that CZ and the Ethereum Foundation focus on. They have reminded us to pay attention to EDU many times before.
When CZ said he wanted to develop education a few days ago, it was also a direct explosion.
The test network activity was just launched a few days ago. Family members who have airdropped can go and get some OC points.
These points can be exchanged for main network tokens in Q4 this year.
At present, the callback has been in place, and some long-term tracks can be laid out.
#edu #EDUChain #教育板块 #赵长鹏
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Binance Founder Zhao Changpeng: Cryptocurrency Should Focus on 'Moral Projects' and Long-term Value, Not Short-term Greedy Speculation!
Former CEO of Binance, Zhao Changpeng (CZ), recently spoke out on X, criticizing the prevalent 'quick profit' mentality in the current cryptocurrency market. He pointed out that many investors and developers are overly focused on short-term gains, especially in the speculative hype surrounding meme coins. This model is not only unsustainable but also susceptible to market manipulation and macroeconomic fluctuations.
CZ called on cryptocurrency development teams to focus on creating 'moral projects' and to look towards long-term development rather than short-term windfalls. He also emphasized that true wealth accumulation is achieved gradually, not through overnight success. He warned that excessive hype could lead to a flood of low-quality projects, ultimately causing a market collapse and leaving ordinary investors at a loss.
CZ particularly criticized traders who focus on small, quick gains, especially those who prefer short-term investment strategies and are keen on hyping meme coin projects. He stressed that while this strategy may bring short-term profits, it is unsustainable in the long run as these projects often lack real value and are easily manipulated by the market.
He also emphasized that the excessive pursuit of short-term returns would hinder true innovation in blockchain technology. If developers' motivations are solely for speculation rather than real use cases, the cryptocurrency industry will struggle to achieve long-term sustainable development.
However, despite the market being filled with speculative sentiments, there are still views that projects like Bitcoin, Ethereum, and Cardano remain trustworthy. This is because these projects have withstood market tests and have long focused on technological innovation and real use cases rather than short-term price fluctuations.
In summary, CZ's remarks reflect a potential trend in the cryptocurrency industry, where there should be a shift from short-term speculation to focusing on practical applications. At the same time, only by concentrating on long-term development and technological innovation can cryptocurrencies truly create value for society, rather than becoming mere speculative tools.
💬 Do you agree with CZ's criticism of the 'quick profit' mentality? How do you think investors should balance short-term gains with long-term development in the cryptocurrency market?
#赵长鹏 #币安 #比特币 #以太坊 #meme币
Former CEO of Binance, Zhao Changpeng (CZ), recently spoke out on X, criticizing the prevalent 'quick profit' mentality in the current cryptocurrency market. He pointed out that many investors and developers are overly focused on short-term gains, especially in the speculative hype surrounding meme coins. This model is not only unsustainable but also susceptible to market manipulation and macroeconomic fluctuations.
CZ called on cryptocurrency development teams to focus on creating 'moral projects' and to look towards long-term development rather than short-term windfalls. He also emphasized that true wealth accumulation is achieved gradually, not through overnight success. He warned that excessive hype could lead to a flood of low-quality projects, ultimately causing a market collapse and leaving ordinary investors at a loss.
CZ particularly criticized traders who focus on small, quick gains, especially those who prefer short-term investment strategies and are keen on hyping meme coin projects. He stressed that while this strategy may bring short-term profits, it is unsustainable in the long run as these projects often lack real value and are easily manipulated by the market.
He also emphasized that the excessive pursuit of short-term returns would hinder true innovation in blockchain technology. If developers' motivations are solely for speculation rather than real use cases, the cryptocurrency industry will struggle to achieve long-term sustainable development.
However, despite the market being filled with speculative sentiments, there are still views that projects like Bitcoin, Ethereum, and Cardano remain trustworthy. This is because these projects have withstood market tests and have long focused on technological innovation and real use cases rather than short-term price fluctuations.
In summary, CZ's remarks reflect a potential trend in the cryptocurrency industry, where there should be a shift from short-term speculation to focusing on practical applications. At the same time, only by concentrating on long-term development and technological innovation can cryptocurrencies truly create value for society, rather than becoming mere speculative tools.
💬 Do you agree with CZ's criticism of the 'quick profit' mentality? How do you think investors should balance short-term gains with long-term development in the cryptocurrency market?
#赵长鹏 #币安 #比特币 #以太坊 #meme币
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Outlook on two upcoming Meme hot events:
First, there is a Meme storm preview about CZ's cousin (i.e., Zhao Changpeng, founder of Binance), which is expected to be quietly brewing at the end of September. Although the exact date is yet to be revealed, given CZ's deep roots and wide influence in the crypto community, its related Meme themes will undoubtedly become a potential driver of a new round of Internet craze. These creative Memes are likely to quickly capture the market's favor and trigger a new round of investment boom.
Second, following the announcement of the US presidential election in early November, Trump-related Meme concepts may rekindle market enthusiasm. Labels such as MAGA, TRUMP, and FIGHT have experienced market baptism and ups and downs, but the powerful community power and topic effect behind them should not be underestimated. Historical experience tells us that tokens like dacc that have experienced deep pullbacks (even facing a zero crisis at one time) can also achieve amazing counterattacks in a short period of time and amazing increases under the catalysis of specific events (such as Vitalik's attention). Therefore, as the dust settles on the election results, these meme concepts are expected to become the focus of market attention again, leading a new wave of speculation.
#美国大选
#赵长鹏
First, there is a Meme storm preview about CZ's cousin (i.e., Zhao Changpeng, founder of Binance), which is expected to be quietly brewing at the end of September. Although the exact date is yet to be revealed, given CZ's deep roots and wide influence in the crypto community, its related Meme themes will undoubtedly become a potential driver of a new round of Internet craze. These creative Memes are likely to quickly capture the market's favor and trigger a new round of investment boom.
Second, following the announcement of the US presidential election in early November, Trump-related Meme concepts may rekindle market enthusiasm. Labels such as MAGA, TRUMP, and FIGHT have experienced market baptism and ups and downs, but the powerful community power and topic effect behind them should not be underestimated. Historical experience tells us that tokens like dacc that have experienced deep pullbacks (even facing a zero crisis at one time) can also achieve amazing counterattacks in a short period of time and amazing increases under the catalysis of specific events (such as Vitalik's attention). Therefore, as the dust settles on the election results, these meme concepts are expected to become the focus of market attention again, leading a new wave of speculation.
#美国大选
#赵长鹏
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According to the data from the Federal Bureau of Prisons of the United States, a case suspected to be highly related to Binance founder CZ shows that a 47-year-old Asian man "CHANGPENG ZHAO" will be released on September 29, 2024, with registration number: 88087-510, located in Long Beach RRM.
#杰克逊霍尔年会 #赵长鹏 #币安Web3钱包 #美国CPI数据连续第4个月回落 #新币挖矿TON
#杰克逊霍尔年会 #赵长鹏 #币安Web3钱包 #美国CPI数据连续第4个月回落 #新币挖矿TON
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CZ's Dubai Speech Highlights: Actually quite poor in prison, future focus on 3 directions, Giggle Academy has no plans to issue tokens...
The man is back! After nearly four months of detention, Binance founder Zhao Changpeng (CZ) was officially released at the end of September this year and is attending the Binance Blockchain Week Dubai 2024, on the afternoon of the 31st local time.
The host first asked CZ how his prison life was.
CZ admitted that it is indeed very bad; he cannot do anything, and what he misses the most is interpersonal connections. He misses his children, friends, and community... He was not troubled in prison, although some guards were quite strict.
Additionally, when asked by the host whether he thinks a four-month prison sentence is unfair, CZ acknowledged that it is a severe accusation, but he understands that every party has its position, so he does not dwell on whether the charges are unjust or overly harsh.
The host first asked CZ how his prison life was.
CZ admitted that it is indeed very bad; he cannot do anything, and what he misses the most is interpersonal connections. He misses his children, friends, and community... He was not troubled in prison, although some guards were quite strict.
Additionally, when asked by the host whether he thinks a four-month prison sentence is unfair, CZ acknowledged that it is a severe accusation, but he understands that every party has its position, so he does not dwell on whether the charges are unjust or overly harsh.
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$ETH #ETH🔥🔥🔥🔥 #赵长鹏 Tuesday market sharing.
At present, it is still a bullish mindset. As long as it does not fall below 2600, it can still be repaired and go back to the bullish route later, but it is hard to say if it falls below. Therefore, we can’t just do more blindly when the K-line changes. Wait patiently for the real-time situation of the market. Next, I will share a real-time order in the square every day. If you don’t want to miss it, follow me and don’t get lost. I will share the experience and operation point direction of the currency circle every day.
At present, it is still a bullish mindset. As long as it does not fall below 2600, it can still be repaired and go back to the bullish route later, but it is hard to say if it falls below. Therefore, we can’t just do more blindly when the K-line changes. Wait patiently for the real-time situation of the market. Next, I will share a real-time order in the square every day. If you don’t want to miss it, follow me and don’t get lost. I will share the experience and operation point direction of the currency circle every day.
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Binance co-founder He Yi: Zhao Changpeng’s biggest mistake was ignorance
Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he called a “poor decision” and took “full responsibility” for his actions.
Meanwhile, Binance co-founder He Yi said that while she acknowledged that CZ may have made mistakes, his biggest mistake was “ignorance.”
CZ issues apology and asks for a second chance
Changpeng Zhao is scheduled to be sentenced on April 30, following a settlement with the U.S. Department of Justice (DOJ) in November 2023. Although CZ previously waived his right to appeal any sentence of no more than 18 months, the DOJ is now seeking a 36-month prison sentence for him.
Meanwhile, Binance co-founder He Yi said that while she acknowledged that CZ may have made mistakes, his biggest mistake was “ignorance.”
CZ issues apology and asks for a second chance
Changpeng Zhao is scheduled to be sentenced on April 30, following a settlement with the U.S. Department of Justice (DOJ) in November 2023. Although CZ previously waived his right to appeal any sentence of no more than 18 months, the DOJ is now seeking a 36-month prison sentence for him.
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Cz is not a perfect person. I have heard many people complain about him, such as being stingy
😃
, and there are many gossips, but at least the positive impact he has brought to the crypto industry is huge.
In the early stage, many people who made money before him either retired to enjoy life, or took up the bowl to eat and put down the bowl to curse their mother (Teacher Li), or continued to launch various garbage projects to harvest, or spent almost all the money and came out to make money by showing off their face.
CZ is richer than most of them, but he is still in the Build industry seriously, and through Binance, he is setting some bottom lines in the industry.
For example: Since Binance started to do contracts, have you found that other bugs such as needles and order failures have become less?
For example: Binance is still the CEX with the strictest control over the insider trading of listed coins. How many employees have been cleared for insider trading?
For example: The founder always maintains first-line communication with users. Sister @heyibinance is very active on WeChat, Telegram and Twitter. If there is something, she will always respond to customer service at the first line. Looking at this wealth, how many can you find?
For example: Cex will never touch customer assets. This is a huge temptation. SBF couldn't resist and was imprisoned, and Sun Ge has always kept the controversy to himself. This time, CZ has been certified by the United States that he has not touched anything. Otherwise, the prosecutor would not start with 36 months, but 360 months.
I really love the crypto industry, so I respect those who are seriously promoting the development of the industry. Although I often joke that CZ will fall as soon as he tweets and shouts more, I have never doubted that my cousin @cz_binance is definitely one of the important figures in promoting the development of the industry.
These letters of support show another side of CZ that most people don't see, and they are definitely helpful for the punishment. Looking forward to a good result, bless
#cz判罚 #赵长鹏
😃
, and there are many gossips, but at least the positive impact he has brought to the crypto industry is huge.
In the early stage, many people who made money before him either retired to enjoy life, or took up the bowl to eat and put down the bowl to curse their mother (Teacher Li), or continued to launch various garbage projects to harvest, or spent almost all the money and came out to make money by showing off their face.
CZ is richer than most of them, but he is still in the Build industry seriously, and through Binance, he is setting some bottom lines in the industry.
For example: Since Binance started to do contracts, have you found that other bugs such as needles and order failures have become less?
For example: Binance is still the CEX with the strictest control over the insider trading of listed coins. How many employees have been cleared for insider trading?
For example: The founder always maintains first-line communication with users. Sister @heyibinance is very active on WeChat, Telegram and Twitter. If there is something, she will always respond to customer service at the first line. Looking at this wealth, how many can you find?
For example: Cex will never touch customer assets. This is a huge temptation. SBF couldn't resist and was imprisoned, and Sun Ge has always kept the controversy to himself. This time, CZ has been certified by the United States that he has not touched anything. Otherwise, the prosecutor would not start with 36 months, but 360 months.
I really love the crypto industry, so I respect those who are seriously promoting the development of the industry. Although I often joke that CZ will fall as soon as he tweets and shouts more, I have never doubted that my cousin @cz_binance is definitely one of the important figures in promoting the development of the industry.
These letters of support show another side of CZ that most people don't see, and they are definitely helpful for the punishment. Looking forward to a good result, bless
#cz判罚 #赵长鹏
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CZ will be back on September 29th, and the market will pick up, especially those IEO projects on the BN platform, companies invested by BN, educational currencies, currencies in the BN wallet, and our BNB, all of which are expected to benefit.
Don't underestimate CAKE, it has risen 4 times before, and it has risen again recently. Although it has started to rise, it is not too late to enter the market now, and there are plenty of opportunities to make money.
With CZ back and the market rebounding, CAKE's market is expected to continue to rise, full of momentum, and worth paying attention to!
#CZ平安
#赵长鹏
#赵长鹏即将出狱回归神坛
Don't underestimate CAKE, it has risen 4 times before, and it has risen again recently. Although it has started to rise, it is not too late to enter the market now, and there are plenty of opportunities to make money.
With CZ back and the market rebounding, CAKE's market is expected to continue to rise, full of momentum, and worth paying attention to!
#CZ平安
#赵长鹏
#赵长鹏即将出狱回归神坛
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#赵长鹏 #美国大选比特币价格预测 Our cz is about to return. Will he lead us to start a violent bull market?
Outlook on two upcoming Meme hot events:
First, there is a preview of the Meme storm about CZ (i.e. Zhao Changpeng, founder of Binance), which is expected to be quietly brewing at the end of September. Although the exact date has yet to be announced, given CZ's deep roots and wide influence in the crypto community, its related Meme themes will undoubtedly become a potential driver of a new round of Internet craze. These creative Memes are likely to quickly capture the market's favor and trigger a new round of investment boom.
Second, following the announcement of the US presidential election in early November, Trump-related Meme concepts may rekindle market passion. Labels such as MAGA, TRUMP, and FIGHT have experienced market baptism and ups and downs, but the powerful community power and topic effect behind them cannot be underestimated. Historical experience tells us that tokens like dacc that have experienced deep pullbacks (or even faced the risk of returning to zero) can also achieve amazing counterattacks in a short period of time and increase dramatically under the catalysis of specific events (such as the attention of Vitalik Buterin). Therefore, as the dust settles on the election results, these meme concepts are expected to become the focus of market attention again, leading a new wave of speculation.
Outlook on two upcoming Meme hot events:
First, there is a preview of the Meme storm about CZ (i.e. Zhao Changpeng, founder of Binance), which is expected to be quietly brewing at the end of September. Although the exact date has yet to be announced, given CZ's deep roots and wide influence in the crypto community, its related Meme themes will undoubtedly become a potential driver of a new round of Internet craze. These creative Memes are likely to quickly capture the market's favor and trigger a new round of investment boom.
Second, following the announcement of the US presidential election in early November, Trump-related Meme concepts may rekindle market passion. Labels such as MAGA, TRUMP, and FIGHT have experienced market baptism and ups and downs, but the powerful community power and topic effect behind them cannot be underestimated. Historical experience tells us that tokens like dacc that have experienced deep pullbacks (or even faced the risk of returning to zero) can also achieve amazing counterattacks in a short period of time and increase dramatically under the catalysis of specific events (such as the attention of Vitalik Buterin). Therefore, as the dust settles on the election results, these meme concepts are expected to become the focus of market attention again, leading a new wave of speculation.
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Is the US going to launch a BNB ETF? It seems that VanEck is serious this time!
VanEck, a well-known American investment management company, is about to launch the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States!
On March 31, VanEck submitted an application to establish a trust entity in Delaware with application number 10148820, which was confirmed by public records on the official website of Delaware. If approved by the U.S. Securities and Exchange Commission (SEC), this will be the first ETF in the United States to track the price of BNB.
BNB is currently the fifth largest cryptocurrency by market capitalization. Although there are BNB-related products such as 21Shares Binance BNB ETP in the international market, there is no similar ETF in the United States. VanEck previously launched Bitcoin and Ethereum spot ETFs in January and July 2024 after obtaining SEC approval. The company later registered independent ETF fund companies for Solana and Avalanche in Delaware.
Meanwhile, the latest application did not immediately affect BNB's market performance. Currently, the cryptocurrency is trading at around $596, down nearly 1.2% in the past 24 hours. Last week, World Liberty Financial (WLFI), the financial enterprise of US President Donald Trump, announced the launch of USD1, a dollar-backed stablecoin based on the BNB chain, after which BNB rose slightly.
It is worth noting that Binance founder Changpeng Zhao (CZ) also recently announced on social media X that he plans to donate 500 BNB (Binance Coin) to Myanmar and Thailand respectively. He actively seeks whether there is a transparent on-chain donation system combined with DID to ensure the transparency and fairness of the donation process.
In addition, Zhao Changpeng clearly expressed his opposition to the destruction of tokens in the interaction, pointing out that such behavior will harm the interests of token holders because he believes that some holders will send a large number of tokens to the destruction address, thereby destroying the value of the tokens.
Do you think the SEC will approve the application for BNB ETF this time? Will the price of BNB take off on the spot after approval, just like the Bitcoin ETF? Leave a message in the comment area to discuss!
#BNBETF #VanEck #赵长鹏
VanEck, a well-known American investment management company, is about to launch the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States!
On March 31, VanEck submitted an application to establish a trust entity in Delaware with application number 10148820, which was confirmed by public records on the official website of Delaware. If approved by the U.S. Securities and Exchange Commission (SEC), this will be the first ETF in the United States to track the price of BNB.
BNB is currently the fifth largest cryptocurrency by market capitalization. Although there are BNB-related products such as 21Shares Binance BNB ETP in the international market, there is no similar ETF in the United States. VanEck previously launched Bitcoin and Ethereum spot ETFs in January and July 2024 after obtaining SEC approval. The company later registered independent ETF fund companies for Solana and Avalanche in Delaware.
Meanwhile, the latest application did not immediately affect BNB's market performance. Currently, the cryptocurrency is trading at around $596, down nearly 1.2% in the past 24 hours. Last week, World Liberty Financial (WLFI), the financial enterprise of US President Donald Trump, announced the launch of USD1, a dollar-backed stablecoin based on the BNB chain, after which BNB rose slightly.
It is worth noting that Binance founder Changpeng Zhao (CZ) also recently announced on social media X that he plans to donate 500 BNB (Binance Coin) to Myanmar and Thailand respectively. He actively seeks whether there is a transparent on-chain donation system combined with DID to ensure the transparency and fairness of the donation process.
In addition, Zhao Changpeng clearly expressed his opposition to the destruction of tokens in the interaction, pointing out that such behavior will harm the interests of token holders because he believes that some holders will send a large number of tokens to the destruction address, thereby destroying the value of the tokens.
Do you think the SEC will approve the application for BNB ETF this time? Will the price of BNB take off on the spot after approval, just like the Bitcoin ETF? Leave a message in the comment area to discuss!
#BNBETF #VanEck #赵长鹏
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