|
|
Binance's newly appointed CEO, Richard Teng, made comments on the critical milestone reached by Bitcoin in terms of market value today on his Twitter/X account. The world's largest cryptocurrency not only surpassed the $51,000 level today but also reclaimed a market value of $1 trillion for the first time since 2021. Teng expressed on Twitter that this is a "significant milestone for Bitcoin."
Earlier today, blockchain data aggregator Glassnode pointed out that with Bitcoin's rise, it has surpassed giants like Tesla, Walmart, and even Warren Buffett's fund at Berkshire Hathaway. Given the new significant inflow into Bitcoin spot exchange-traded funds (ETFs), Bitcoin continued its upward trajectory today—surpassing $600 million yesterday and nearing $500 million the day before. Anthony Scaramucci, founder of SkyBridge Capital, commented today that the funds flowing into the iBIT ETF by BlackRock have officially exceeded $5 billion, lagging behind other Bitcoin ETFs.
Binance CEO CZ Facing Imprisonment
According to Bloomberg's report, as previously reported by "USA Today," Binance's prominent founder and former CEO, cryptocurrency billionaire Zhao, also known as CZ, may have to serve time due to charges brought against him by the U.S. Department of Justice (DOJ). While a 10-year imprisonment seems unlikely for him, CZ might face an 18-month sentence, contrasting with other cryptocurrency platform leaders in legal trouble. CZ is specifically accused of violating the Bank Secrecy Act.
Initially, CZ pleaded guilty to the Justice Department, and Binance paid a $4.3 billion fine. CZ stepped down from his leadership position at Binance. He plans to spend more time on personal endeavors and engage in selective consultations with young startups. Additionally, CZ expressed curiosity on Twitter about increasing cryptocurrency funding for biotechnology research. |
|
Post time 29-2-2024 11:06:17