Underlining the risks and rewards of rapid crypto growth, former Binance CEO CZ shared new details about his company’s financial success and legal challenges:
🟠Binance earned between $500m and $1bn in net profit in 2018, its first full year of operation 🟠In 2024, CZ was sentenced to four months in prison and paid a $50m personal fine; Binance paid $4.3bn—the largest criminal settlement in crypto history 🟠СZ’s background includes working in McDonald’s, studying at McGill University, and developing HFT systems prior to launching Binance in 2017 🟠The judge cited his cooperation and lack of prior offenses in reducing the sentence from a proposed three years 🟠As of 2025, СZ remains one of the wealthiest figures in the industry (≈ $65bn) and advises several national governments 🟠The case underscores the importance of compliance and long-term strategy in high-growth crypto ventures #BinanceCEO #BinanceEarnings
In the first half of 2025, BNB Chain is experiencing notable success with impressive metrics such as daily revenue, DEX trading volume, and enhanced block processing speed. Despite these achievements, BNB's price has not surged as expected. The network's revenue has reached its highest since 2021, particularly peaking in January and late June. This growth indicates increased user engagement and new projects, although it may also be attributed to the network's low-fee strategy. Notably, BNB Chain ranks fifth in fees collected amo#DePIN ng Layer-1 and Layer-2 networks due to its high transaction volume. In June, DEX trading volume soared to over $157 billion, showcasing the vibrancy of its DeFi ecosystem. The recent Maxwell Hardfork upgrade has further improved block time to 0.75 seconds, enhancing user experience. However, BNB's price remains 17% below its all-time high, raising questions about market sentiment and competition from Layer-2 chains. Looking ahead, BNB Chain's potential for growth remains strong, especially with rising global liquidity. #Binance
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The European Central Bank (ECB) has approved two initiatives to explore the use of central bank money for settling transactions on distributed ledger technology (DLT) platforms.
A short-term project, “Pontes,” will connect DLT platforms with the Eurosystem’s TARGET services by Q3 2026, while a longer-term plan, “Appia,” aims to support global DLT operations and further research.
Binance now accounts for 87% of global taker futures volume, solidifying its dominance in the market, while OKX, Deribit, BitMEX, and Bybit combined make up just. #FutureTarding
Germany’s Sparkassen banking group has reversed its stance and will now enable private clients to trade cryptocurrencies like Bitcoin via the Sparkasse app, with services developed by DekaBank and expected to launch by summer 2026.
Meanwhile, cooperative banks led by DZ Bank are set to roll out their crypto trading offering this summer, though Sparkassen warn clients that crypto remains a highly speculative investment. #cryptouniverseofficial