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Fidelity quietly pilots its own stablecoin in push for tokenized assets: report
Fidelity Investments is in the final stages of testing its own stablecoin as Washington moves toward new crypto oversight.
One of the largest asset managers in the world, Fidelity Investments, appears to be quietly piloting its own stablecoin as it expands further into digital assets.
According to a Financial Times report, which cites two sources close to the matter, the $5 trillion fund giant is in the advanced stages of testing a token that would function as cash in cryptocurrency markets. W
One of the largest asset managers in the world, Fidelity Investments, appears to be quietly piloting its own stablecoin as it expands further into digital assets.
According to a Financial Times report, which cites two sources close to the matter, the $5 trillion fund giant is in the advanced stages of testing a token that would function as cash in cryptocurrency markets. W
Trump's World Liberty Financial Issues USD1 Stablecoin On BNB Chain
Donald Trump’s World Liberty Financial (WLFI) has again made a big move in the crypto space. This time, the DeFi project looks to have deployed a stablecoin on the BNB Chain. Binance’s former CEO, Changpeng Zhao, also reacted to this development and welcomed WLFI aboard.
Trump’s World Liberty Financial Launches Stablecoin On BNB Chain
Onchain data indicates that World Liberty Financial has issued a stablecoin on the BNB chain named USD1. The token still looks to be in the testing phase, with ma
Trump’s World Liberty Financial Launches Stablecoin On BNB Chain
Onchain data indicates that World Liberty Financial has issued a stablecoin on the BNB chain named USD1. The token still looks to be in the testing phase, with ma
Financial markets gave risk-on vibes early Monday East Asia time based on reports that the next round of Trump tariffs due on April 2 could be more measured than initially expected.
Bitcoin (BTC), the largest digital asset by market value, traded at around $86,500, up 2.7% on a 24-hour basis, with Solana's SOL token trading nearly 6% higher at $138, according to CoinDesk data.
Payments-focused XRP was up 2.5% at $2.44, trading above its 50-day simple moving average (SMA) after two consecutive weeks of positive price action.
Futures tied to the S&P 500, Dow, and Nasdaq rose over 05% on the day, while Wall Street's fear gauge, the VIX index, slipped 2.5% to 18.88 points. Markets in China reversed early losses.
The sentiment improved as media reports over the weekend said President Donald Trump's planned "reciprocal tariffs" expected April 2 could be more focused than the barrage occasionally threatened.
Some countries will be exempt, and existing levies on steel and other metals may not be cumulative, Bloomberg's report said.
Trump's tariffs roiled the market sentiment in February, sending both stocks and the crypto market lower.
BTC fell nearly 17.6%, hitting lows under $80K. Last week, the Federal Reserve revised its inflation forecasts higher while downgrading growth figures likely due to Trump's aggressive trade policies.
The other key factors to watch out for in the coming days are Friday's PCE reading, the Fed's preferred inflation gauge, and the appearance of the SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould before the Senate Banking Committee on March 27.
Bitcoin (BTC), the largest digital asset by market value, traded at around $86,500, up 2.7% on a 24-hour basis, with Solana's SOL token trading nearly 6% higher at $138, according to CoinDesk data.
Payments-focused XRP was up 2.5% at $2.44, trading above its 50-day simple moving average (SMA) after two consecutive weeks of positive price action.
Futures tied to the S&P 500, Dow, and Nasdaq rose over 05% on the day, while Wall Street's fear gauge, the VIX index, slipped 2.5% to 18.88 points. Markets in China reversed early losses.
The sentiment improved as media reports over the weekend said President Donald Trump's planned "reciprocal tariffs" expected April 2 could be more focused than the barrage occasionally threatened.
Some countries will be exempt, and existing levies on steel and other metals may not be cumulative, Bloomberg's report said.
Trump's tariffs roiled the market sentiment in February, sending both stocks and the crypto market lower.
BTC fell nearly 17.6%, hitting lows under $80K. Last week, the Federal Reserve revised its inflation forecasts higher while downgrading growth figures likely due to Trump's aggressive trade policies.
The other key factors to watch out for in the coming days are Friday's PCE reading, the Fed's preferred inflation gauge, and the appearance of the SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould before the Senate Banking Committee on March 27.
Tron Founder Justin Sun Weighs In On TRX Halving Proposal
Tron founder Justin Sun has waded into the ecosystem’s conversation amid a push to explore avenues to enhance the protocol’s deflationary status. The Tron ecosystem is pushing a new proposal to implement a Bitcoin-like halving for TRX. In his post on X, Justin Sun revealed how the move will not disadvantage current validators in the ecosystem.
Justin Sun and Advocacy for TRX Halving
As explained on X by the Tron founder, Bitcoin developers had to evolve to limit their reward to users involved i
Justin Sun and Advocacy for TRX Halving
As explained on X by the Tron founder, Bitcoin developers had to evolve to limit their reward to users involved i
IMF updates global standards to include crypto in balance of payments
The International Monetary Fund (IMF) has overhauled its balance of payments standards to reflect the growing impact of digital assets.
According to the newly released Balance of Payments Manual, Seventh Edition (BPM7), cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings.
The updated manual, published on March 20, marks the first time the IMF has integrated detailed guidance for digital assets into
According to the newly released Balance of Payments Manual, Seventh Edition (BPM7), cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings.
The updated manual, published on March 20, marks the first time the IMF has integrated detailed guidance for digital assets into
North Korea-Linked Lazarus Group Holds More Bitcoin Than Elon Musk's Tesla
The Lazarus Group, a hacking group closely associated with North Korean, holds more bitcoin (BTC) than Tesla (TSLA), the electric car manufacturer led by Elon Musk, according to data from Arkham Intelligence.
At press time, Lazarus held 13,441 BTC worth $1.14 billion, according to data source Arkham Intelligence. That's 16% more than Tesla's bitcoin stash of 11,509 BTC.
Lazarus Group's bitcoin holdings (Arkham Intelligence)
Last month, Lazarus Group struck crypto exchange Bybit, draining $1.4 billion in ether (ETH) from the platform. Recently, some of the stolen funds have been converted into bitcoin, with 12,836 BTC distributed across 9,117 unique wallets, as Bybit's CEO Ben Zhou confirmed.
Tesla acquired its bitcoin stash four years ago and has been HODLing ever since, making it the world's fourth-largest publicly listed company in terms of BTC holdings.
The striking contrast between Tesla and Lazarus Group emerged even as President Donald Trump's positive stance on cryptocurrency has sparked calls for accelerated BTC adoption among corporations and sovereign nations worldwide.
On Thursday, Trump reaffirmed his commitment to making the U.S. the "undisputed Bitcoin superpower and the crypto capital of the world." Against this backdrop, it will be interesting to see if Tesla and other U.S. corporations respond to being overshadowed by a North Korean hacker.
Meanwhile, the U.S. government holds 198,109 BTC worth over $16 billion, representing coins seized in enforcement actions. Trump recently announced the same as the strategic reserve.
#Bitcoin❗
The Lazarus Group, a hacking group closely associated with North Korean, holds more bitcoin (BTC) than Tesla (TSLA), the electric car manufacturer led by Elon Musk, according to data from Arkham Intelligence.
At press time, Lazarus held 13,441 BTC worth $1.14 billion, according to data source Arkham Intelligence. That's 16% more than Tesla's bitcoin stash of 11,509 BTC.
Lazarus Group's bitcoin holdings (Arkham Intelligence)
Last month, Lazarus Group struck crypto exchange Bybit, draining $1.4 billion in ether (ETH) from the platform. Recently, some of the stolen funds have been converted into bitcoin, with 12,836 BTC distributed across 9,117 unique wallets, as Bybit's CEO Ben Zhou confirmed.
Tesla acquired its bitcoin stash four years ago and has been HODLing ever since, making it the world's fourth-largest publicly listed company in terms of BTC holdings.
The striking contrast between Tesla and Lazarus Group emerged even as President Donald Trump's positive stance on cryptocurrency has sparked calls for accelerated BTC adoption among corporations and sovereign nations worldwide.
On Thursday, Trump reaffirmed his commitment to making the U.S. the "undisputed Bitcoin superpower and the crypto capital of the world." Against this backdrop, it will be interesting to see if Tesla and other U.S. corporations respond to being overshadowed by a North Korean hacker.
Meanwhile, the U.S. government holds 198,109 BTC worth over $16 billion, representing coins seized in enforcement actions. Trump recently announced the same as the strategic reserve.
#Bitcoin❗
Crypto Will 'Expand Dominance of U.S. Dollar,' Trump Says
NEW YORK — With the U.S. government's help, the crypto industry will become a dominant in finance, U.S. President Donald Trump said Thursday.
Crypto is "as big as you can get," he said during a five-minute taped speech at the Digital Asset Summit in Manhattan. Trump was met by a full room of attendees, many of whom entered the room just before his scheduled speech and who immediately vacated after he wrapped up.
"Pioneers like you will be able to improve our banking and payment system and prom
Crypto is "as big as you can get," he said during a five-minute taped speech at the Digital Asset Summit in Manhattan. Trump was met by a full room of attendees, many of whom entered the room just before his scheduled speech and who immediately vacated after he wrapped up.
"Pioneers like you will be able to improve our banking and payment system and prom
🔥 First Solana ETFs in the US set for trading debut on March 20
Volatility Shares will launch the first-ever Solana (SOL) futures exchange-traded fund (ETF) in the US on March 20, Bloomberg News reported on March 19.
The issuer will introduce two products: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
Bloomberg ETF analyst Eric Balchunas compared them to Bitcoin (BTC) ETFs BITO and BITX. He also noted that the launch is unlikely to live up to the standards set by spot Bitcoin ETFs.
He added:
“It’s the first altco
The issuer will introduce two products: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
Bloomberg ETF analyst Eric Balchunas compared them to Bitcoin (BTC) ETFs BITO and BITX. He also noted that the launch is unlikely to live up to the standards set by spot Bitcoin ETFs.
He added:
“It’s the first altco
🔥 Trump administration wants to buy as much Bitcoin as possible, Crypto Council's Bo Hines reveals
The Trump administration plans to aggressively acquire Bitcoin through budget-neutral methods that won’t impact taxpayers, said Bo Hines, the executive director of the Presidential Council of Advisers for Digital Assets, during a panel at Blockworks’ Digital Asset Summit 2025.
“The President was adamant about creating the SBR. We wanted to make sure that we did it right in a way that respected Bitcoin for being so unique and also gave credence to innovation and other spaces in the digital asset
“The President was adamant about creating the SBR. We wanted to make sure that we did it right in a way that respected Bitcoin for being so unique and also gave credence to innovation and other spaces in the digital asset
Swiss cantonal bank starts offering Cardano and Avalanche to meet increased demand
Swiss bank Zuger Kantonalbank has added Cardano and Avalanche to its cryptocurrency offering through a partnership with crypto-focused bank Sygnum.
Zuger Kantonalbank, a Swiss universal bank, has expanded its cryptocurrency offerings to include Cardano (ADA) and Avalanche (AVAX) through a partnership with crypto-focused Swiss bank Sygnum.
In a blog announcement on March 17, Sygnum said the expansion was driven by “increased customer demand” amid what it described as growing regulatory clarity in the U.S. and E.U., as well as the establishment of a U.S. Strategic Bitcoin Reserve. The bank’s fiat-to-crypto transactions are facilitated through Sygnum’s gateway, while Zuger Kantonalbank customers can access the service via e-banking and its mobile app.
Jan Damrau, head of corporate management and member of the Zuger Kantonalbank executive board, says the addition of ADA and AVAX enables the bank’s clients to “further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption.”
“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.”
Fritz Jost, Sygnum Bank chief B2B officer
In early January, Sygnum raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” The funding round was oversubscribed, with Fulgur Ventures, a Bitcoin-focused venture capital firm, as the cornerstone investor. New and existing investors, along with Sygnum team members, also participated in the funding.
Read more: Swiss crypto bank Sygnum adds Deribit into off-exchange custody platform
Swiss bank Zuger Kantonalbank has added Cardano and Avalanche to its cryptocurrency offering through a partnership with crypto-focused bank Sygnum.
Zuger Kantonalbank, a Swiss universal bank, has expanded its cryptocurrency offerings to include Cardano (ADA) and Avalanche (AVAX) through a partnership with crypto-focused Swiss bank Sygnum.
In a blog announcement on March 17, Sygnum said the expansion was driven by “increased customer demand” amid what it described as growing regulatory clarity in the U.S. and E.U., as well as the establishment of a U.S. Strategic Bitcoin Reserve. The bank’s fiat-to-crypto transactions are facilitated through Sygnum’s gateway, while Zuger Kantonalbank customers can access the service via e-banking and its mobile app.
Jan Damrau, head of corporate management and member of the Zuger Kantonalbank executive board, says the addition of ADA and AVAX enables the bank’s clients to “further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption.”
“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.”
Fritz Jost, Sygnum Bank chief B2B officer
In early January, Sygnum raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” The funding round was oversubscribed, with Fulgur Ventures, a Bitcoin-focused venture capital firm, as the cornerstone investor. New and existing investors, along with Sygnum team members, also participated in the funding.
Read more: Swiss crypto bank Sygnum adds Deribit into off-exchange custody platform
Shiba Inu Team Mentions These 5 SHIB Achievements to Elon Musk
Shiba Inu ecosystem team calls Elon Musk’s attention to its achievements from 2021 to 2025, showcasing SHIB’s evolution from a meme coin to a utility project.
Shiba Inu has experienced significant growth since its launch. SHIB, which launched as a meme coin in August 2020, has grown into a major ecosystem with multiple projects.
In addition, its ecosystem tokens, particularly SHIB, witnessed remarkable growth that saw its value surge over 150 million percent to an ATH of $0.00008616.
5 Major
Shiba Inu has experienced significant growth since its launch. SHIB, which launched as a meme coin in August 2020, has grown into a major ecosystem with multiple projects.
In addition, its ecosystem tokens, particularly SHIB, witnessed remarkable growth that saw its value surge over 150 million percent to an ATH of $0.00008616.
5 Major
Solana hits over 400B transactions and nearly $1T in volume as it completes 5 years
Solana, the layer-one blockchain platform, celebrated five years since the launch of its mainnet on March 16, 2020.
To celebrate the milestone, the network shared its accomplishments, which include more than 1,300 validators, nearly $1 trillion in trading volume, and over 408 billion total Solana transactions,
Solana (SOL) was founded in 2017 by Anatoly Yakovenko with the goal of addressing the primary challenge facing blockchain technology. The network aims to strike the right balance between
To celebrate the milestone, the network shared its accomplishments, which include more than 1,300 validators, nearly $1 trillion in trading volume, and over 408 billion total Solana transactions,
Solana (SOL) was founded in 2017 by Anatoly Yakovenko with the goal of addressing the primary challenge facing blockchain technology. The network aims to strike the right balance between
Hashdex Seeks to Expand
U.S. Crypto ETF to Include
Litecoin, XRP and Other Altcoins
Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.
The proposal also lists cardano's ADA, solana's SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.
An alternative version of the fund traded on the Bermuda Stock Exchange, the Hashdex Nasdaq Crypto Index ETF, already offers exposure to the broader basket of cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF is designed to track a diversified set of digital assets, offering investors regulated exposure to the crypto market.
#crypto
#altcoins
U.S. Crypto ETF to Include
Litecoin, XRP and Other Altcoins
Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.
The proposal also lists cardano's ADA, solana's SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.
An alternative version of the fund traded on the Bermuda Stock Exchange, the Hashdex Nasdaq Crypto Index ETF, already offers exposure to the broader basket of cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF is designed to track a diversified set of digital assets, offering investors regulated exposure to the crypto market.
#crypto
#altcoins
Top DÃO Projects by Social Activity: ICP Leading the Pack
The crypto market continues to dominate the evaluation of DAO projects and finds its top selections through social activity measurements. According to a PHOENIX report, the Internet Computer ($ICP) project stands at the top of social interactions with 4.9K engagements and 499.9K engaged posts.
TOP #DAO PROJECTS BY SOCIAL ACTIVITY$ICP $TAO $ARB $APE $UNI $RARE $SKY $AAVE $CAKE $PEOPLE
— PHOENIX – Crypto News & Analytics (@pnxgr
The TAO platform maintains 4.8K engagements on its way to reaching 9
TOP #DAO PROJECTS BY SOCIAL ACTIVITY$ICP $TAO $ARB $APE $UNI $RARE $SKY $AAVE $CAKE $PEOPLE
— PHOENIX – Crypto News & Analytics (@pnxgr
The TAO platform maintains 4.8K engagements on its way to reaching 9
Bitcoin Whale's $380M Short In Danger Amid Trump Insider Speculation
A Bitcoin whale is facing potential liquidation after placing a high-stakes $380 million short position. Speculation is growing that this investor may have inside information about the US President Donald Trump. Meanwhile, a group of traders is reportedly working together to push BTC price high enough to trigger the liquidation, turning this into a major crypto showdown.
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Bitcoin Whale Faces Liquidation Woes
According to market expert Gordon, a whale has doubled down on a massive B
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Bitcoin Whale Faces Liquidation Woes
According to market expert Gordon, a whale has doubled down on a massive B
Bitcoin Consolidates, Analyst Warns of Altcoin Collapse, Eyes $180K BTC
Bitcoin is currently consolidating after rejecting a key resistance level. The price is now testing support around $82,000 to $83,000, with a next support level near $76,000 if it falls further.
Despite the volatility, Dan Tapiero, Managing Partner, CEO and CIO of 10T Holdings, remains bullish. He explained that the shift in the U.S. government’s stance toward crypto—particularly under the Trump administration—has been one of the most important developments in recent years.
Tapiero fully expec
Despite the volatility, Dan Tapiero, Managing Partner, CEO and CIO of 10T Holdings, remains bullish. He explained that the shift in the U.S. government’s stance toward crypto—particularly under the Trump administration—has been one of the most important developments in recent years.
Tapiero fully expec
Bank of Russia to Allow Select
Investors to Trade Crypto
Russia’s central bank, along with the directive of the nation’s president, Vladimir Putin, has submitted proposals to the government to allow a limited group of local investors to buy and sell cryptocurrencies.
According to the announcement, the initiative could first be in a three-year experimental regime.
The banking institution’s idea is to enable crypto trading for only those Russian investors who have at least 100 million rubles (or $1.1 million) in securities and deposits or whose annual income in the previous year exceeded 50 million rubles (approximately $570,000).
The proposal allows entities categorized as qualified investors under current legislation to participate in the experiment.
The Bank of Russia also aims to establish certain regulatory requirements for financial organizations willing to adopt cryptocurrency.
The introduction of this regime could increase market transparency, offer more opportunities for experienced investors who are open to taking on higher risks, and establish clear standards.
In the past, Russia’s central bank has repeatedly warned that cryptocurrencies are not issued or guaranteed by any jurisdiction and are notorious for their enhanced volatility. As such, investors should be aware that entering the ecosystem might result in crucial losses.
The banking institution still does not recognize the asset class as a means of payment. That said, it proposed banning transactions between residents involving cryptocurrencies outside the experimental regime and enforcing penalties for violating this rule.
On the other hand, multiple reports have emerged since Russia’s ‘special military operation’ against Ukraine that started over three years ago that local firms, as well as the government, are using crypto to bypass Western sanctions.
#RussiaCrypto
#CryptoNewss
#crypto
Investors to Trade Crypto
Russia’s central bank, along with the directive of the nation’s president, Vladimir Putin, has submitted proposals to the government to allow a limited group of local investors to buy and sell cryptocurrencies.
According to the announcement, the initiative could first be in a three-year experimental regime.
The banking institution’s idea is to enable crypto trading for only those Russian investors who have at least 100 million rubles (or $1.1 million) in securities and deposits or whose annual income in the previous year exceeded 50 million rubles (approximately $570,000).
The proposal allows entities categorized as qualified investors under current legislation to participate in the experiment.
The Bank of Russia also aims to establish certain regulatory requirements for financial organizations willing to adopt cryptocurrency.
The introduction of this regime could increase market transparency, offer more opportunities for experienced investors who are open to taking on higher risks, and establish clear standards.
In the past, Russia’s central bank has repeatedly warned that cryptocurrencies are not issued or guaranteed by any jurisdiction and are notorious for their enhanced volatility. As such, investors should be aware that entering the ecosystem might result in crucial losses.
The banking institution still does not recognize the asset class as a means of payment. That said, it proposed banning transactions between residents involving cryptocurrencies outside the experimental regime and enforcing penalties for violating this rule.
On the other hand, multiple reports have emerged since Russia’s ‘special military operation’ against Ukraine that started over three years ago that local firms, as well as the government, are using crypto to bypass Western sanctions.
#RussiaCrypto
#CryptoNewss
#crypto
SlowMist Uncovers Sneaky Linkedln Phishing Scam Draining Crypto Wallets
A new phishing scam, disguised as a LinkedIn job offer, is rapidly targeting blockchain engineers. This phishing scam is unmasked by SlowMist, a firm for blockchain security and threat intelligence. The latest case is witnessed by Bruno Skvorc from his official X account. This case underscores the threat lying behind a legitimate recruitment message.
The attackers disguised themselves in the form of blockchain-based gaming, that is, the Socifi game, and staking platform. They have lured victims
The attackers disguised themselves in the form of blockchain-based gaming, that is, the Socifi game, and staking platform. They have lured victims
Binance Founder Changpeng
Zhao (CZ) Made Symbolic
Purchases of Two Memecoins
Today
Former Binance CEO Changpeng Zhao (CZ), who still has a lot of influence in the cryptocurrency world, made a symbolic purchase of two altcoins, according to onchain data.
According to Lookonchain data, CZ purchased one BNB each of two memecoins, Mubarak and Test (TST), via a decentralized exchange (DEX).
CZ has been posting a lot of posts recently promoting the development of memecoins on the Binance Smart Chain (BSC) network, and the recent purchases are likely made with this in mind. The memecoin called Mubarak was recently launched and has climbed to a significant level of $66 million in market value. The token’s price has increased by 69% in the last 24 hours.
The Binance founder has recently become particularly interested in decentralized cryptocurrency exchanges. CZ, who admits that his knowledge on the subject is low, makes his purchases through the Four platform on the BSC network.
With these purchases, many users are sending their own tokens and especially memecoins to CZ's emerging cryptocurrency wallet addresses for free. The Binance founder announced that he would burn or donate these tokens.
*This is not investment advice.
#ChangpengZhao
#BinanceCEO
#Binance
Zhao (CZ) Made Symbolic
Purchases of Two Memecoins
Today
Former Binance CEO Changpeng Zhao (CZ), who still has a lot of influence in the cryptocurrency world, made a symbolic purchase of two altcoins, according to onchain data.
According to Lookonchain data, CZ purchased one BNB each of two memecoins, Mubarak and Test (TST), via a decentralized exchange (DEX).
CZ has been posting a lot of posts recently promoting the development of memecoins on the Binance Smart Chain (BSC) network, and the recent purchases are likely made with this in mind. The memecoin called Mubarak was recently launched and has climbed to a significant level of $66 million in market value. The token’s price has increased by 69% in the last 24 hours.
The Binance founder has recently become particularly interested in decentralized cryptocurrency exchanges. CZ, who admits that his knowledge on the subject is low, makes his purchases through the Four platform on the BSC network.
With these purchases, many users are sending their own tokens and especially memecoins to CZ's emerging cryptocurrency wallet addresses for free. The Binance founder announced that he would burn or donate these tokens.
*This is not investment advice.
#ChangpengZhao
#BinanceCEO
#Binance
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