Binance Labs is opening its investment-focused expansion to the fields of artificial intelligence (AI) and biotechnology. In line with this, the company decided to expand and updated its name to YZi Labs. YZi Labs also announced that it has appointed CZ, one of the founders of Binance, to a leadership position in the new period. Here are the details about the rebranding process and plans for the new period...
Binance Labs Becomes YZi Labs
Binance Labs announced its name change to the world on the social media platform X. The company announced in a statement that it has changed its name to YZi Labs. It also stated that leaving the Binance brand is in line with its expansion strategy focused on investment. YZi Labs is no longer only in the crypto and blockchain fields. It also operates in sectors such as artificial intelligence and biotechnology.
YZi Labs shared that it will focus on investments in the fields of Web3, artificial intelligence and biotechnology for this year. It also announced that it aims to explore innovations at the intersection of these fields. The company says it will continue its mission to support projects with long-term impact. However, it emphasized that it will support innovations that will drive growth in the industry, regardless of market cycles or trends. Changpeng Zhao also shared his thoughts on the rebranding in a short message on X:
“A new year, a new era, a new name.”
This rebranding is considered part of YZi Labs’ innovation-driven growth goal by expanding into different sectors. The company plans to lead the new wave of the industry by supporting significant projects, especially at the intersection of blockchain, artificial intelligence, and biotechnology.
Yesterday, at night, and early this morning, I have reminded everyone not to rush into the market. Judging from the pattern, there is a short-term correction trend. On the 24th, Japan raised interest rates, and the entire market was like a frightened bird, thinking about the 10,000-point plunge in one day. Now I am weak and trembling. In addition, in the past few days, Trump released the TRUMP coin of the same name. After rising, it fell rapidly. The market value of 15 billion has now fallen by half. It’s not nice to say. Above 46, all are cut. At least hundreds of thousands of people have contributed their own funds and participated in Trump’s presidential trip. Everyone is also an investor in the president. Everyone not only invests in the president, but also pays attention to his wife. In the past two days, I have contributed my money and lust to the couple. Japan’s interest rate hike is definitely bad news. There should be pins in the currency circle. But from the current time period and international situation, there will not be a collapse. It is still recommended that everyone can enter the market in batches. In a word, pins, get on the bus, and be afraid of a hammer. The bull market is not gone yet. 1. BlackRock CEO: If sovereign funds and companies adopt a 2% or 5% Bitcoin allocation strategy, it will help push its price to $700,000. It can be speculated that Trump is more likely to use the national strategic reserve. Trump wants to cut the leeks of the world. BTC, soaring, is just around the corner.
2. A giant whale used 43.12 million USDT to purchase 414.7 WBTC again 8 hours ago. The big players are still very persistent about BTC. We retail investors can never see clearly how much BTC will be in the future. But the big players must be confident.
3. A whale sold 604,988 TRUMP and 740,495 MELANIA 4 hours ago, making a profit of $12.4 million. It should be Trump, his wife, and his sons who are selling. After selling, turn around and buy ETH. You say ETH has no value and is impossible, I don’t believe it?
4. The net inflow of US spot Bitcoin ETF yesterday 248.39 million US dollars. It was 800 million US dollars yesterday. Recently, institutions have been buying. Is the bull market over?
5. USDC Treasury has minted 450 million USDC on the Solana chain in the past 3 hours. In the past 22 days, a total of 4.2 billion USDC has been minted on the Solana chain. Before the big bull market, the money was printed all the time. One sign of the surge is that USDC has been increasing. Now is the time. $BTC #比特币行情聚焦 #日本利率决议
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Keep an optimistic attitude and control your positions. Believe that tomorrow will be better.
独领风骚必暴富
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Family: Are you asleep? Check this out! Late night schedule on January 21: Trump's inauguration ceremony (Eastern Standard Time) 📅 Schedule 1⃣ 12:30am - 1:00am • Event Content: The inauguration ceremony officially begins, including musical performances and a welcoming ceremony. 2⃣ 1:00am - 2:00am ❕ • Event Highlights: • Noon Oath of Office: Trump will complete the presidential oath ceremony. • Presidential Speech: Inaugural address presenting future policy directions and vision. 3⃣ 2:00am - Morning • Event Content: Related parade events showcasing celebrations across the nation. 4⃣ 8:00am - 11:00am • Event Highlights: Inaugural Ball: • Traditional celebration hosted by the President and First Lady. • Politicians, diplomats, celebrities, and major donors gather together. • Key Moments: The oath and speech at 1:00am are not to be missed.
Bhutan, the small Himalayan kingdom celebrated for its forward-thinking approach to crypto, has captured global attention with a recent transfer of 633 Bitcoins valued at $64.57 million to three newly created blockchain wallets.
The transaction, flagged on Friday by analytics firm Lookonchain, comes amid Bitcoin’s climb past $105,000, sparking speculation about a potential sale.
At press time, the Royal Government of Bhutan held 11,055 BTC, valued at approximately $1.13 billion, with the transferred BTC still sitting in the receiving addresses.
Unlike most countries that acquire Bitcoin through law enforcement seizures or strategic purchases, such as El Salvador, Bhutan has built its reserves through extensive mining operations. Bhutan is the fourth-largest government Bitcoin holder globally, with its BTC holdings equivalent to 39% of the nation’s GDP.
Bhutan’s venture into the crypto world began quietly in early 2020, quietly accumulating Bitcoin before significantly scaling up operations in 2023. According to a recent report by Arkham, through its state fund, Druk Holdings, the government intensified its Bitcoin mining efforts, with facilities generating between 55 and 75 BTC weekly. Some of these facilities are housed in the repurposed Education City project. Satellite imagery has further unveiled a vast government-funded mining infrastructure, solidifying Bhutan’s reputation as a “crypto Shangri-La.”
Meanwhile, Bhutan’s crypto ambitions extend beyond Bitcoin. On January 8, Gelephu Mindfulness City, part of Bhutan’s New Special Administration Region, announced that the government is building reserves in Ethereum (ETH) and Binance Coin (BNB) alongside Bitcoin. This initiative aims to enhance the country’s economic resilience and expand its role in the global crypto economy.