CZ's 'Letter of Credence': The Curtain Falls on Binance's Old King, Can the New Noble of Tron Smile Until the End

It is rumored that Binance founder Zhao Changpeng (CZ) agreed to provide evidence regarding Sun Yuchen to U.S. prosecutors in his plea agreement. This dramatic turn of events adds more variables to the power game in the crypto world. As the former 'richest Chinese' falls from grace and hands over a 'letter of credence' against another crypto mogul, does this signal the end of an era and the beginning of another?

CZ's downfall represents the U.S. regulatory crackdown on the 'wild growth' of crypto exchanges. And Sun Yuchen, who also walks the fine line of regulation as a 'new noble,' will he become the next target? Or will his deep ties with the Trump camp allow him to find a lifeline in this power reshuffle and smile until the end? The drama has only just begun.