The reporter confirmed the news from the U.S. Federal Bureau of Prisons.
The reporter learned from the official website of the U.S. Federal Bureau of Prisons that Zhao Changpeng's current location has been updated to the Long Beach Residential Reentry Management (RRM) in central California. This means that he is undergoing preparation and assessment before returning to society. If everything goes well, he will return to society on September 29.
This wave of attacks on Zhao Changpeng, which in turn controlled the Binance exchange and affected the entire cryptocurrency market, actually achieved very good results. Previously, Bitcoin was a safe-haven asset similar to gold. Its recent trend has been completely dependent on the US dollar, especially the Nasdaq index. When the Nasdaq index rises, Bitcoin rises; when the Nasdaq index falls, Bitcoin falls. This is surprisingly consistent.
I have used all the decentralized exchange apps, such as Binance, OKEX, Huobi, and even the early website OTCBTC. Binance is indeed the most comfortable to operate and has the lowest rate of card freezing. I have been trading on it for 7 years and have never encountered a card freezing. This also explains why Binance is growing faster and faster.
Zhao Changpeng was liquidated. In addition to being a piece of fat meat, he teamed up with Sun Yuchen to embezzle funds and launched attacks on social media, which triggered panic among investors and caused a run on the bank, thus sending Sam Bankman-Fried, the second largest funder of the Democratic Party, to prison and directly causing the largest virtual currency exchange in the United States to fail.
FTX went bankrupt. Although Zhao Changpeng's original intention was to take the opportunity to enter the US market, this act of grabbing the cake will definitely be punished later.
Although Zhao Changpeng is about to be released from prison, the reckoning against him is far from over. The SEC not only insists that Binance has played an improper role in the cryptocurrency market and promoted digital assets, but also insists that Binance Coin should be considered a security, and emphasizes that the value of Binance Coin is expected to grow due to the efforts of issuers and promoters. Although some of the previous charges regarding the sale of Binance Coin in the secondary market were dismissed, the regulator's overall position has not changed, and Binance's legal battle is far from over.
Moreover, as the interest rate cut cycle begins, the Fed will need to expand its balance sheet and use the US dollar to buy US debt. In the context of overnight reverse repurchase and deposit reserve requirements not having much room for operation, the virtual currency market and US stocks will be the focus of the Fed's next efforts. #区块链[超话]##币圈##币圈超话##财经#
