Sources: Binance has been exploring ways to reboot its Binance.US affiliate, including a recapitalization to cut CZ's stake, which is a hurdle to expansion
Changpeng Zhao has unfinished business. — The billionaire co-founder of Binance has stepped back into the spotlight …
How the UAE's growing interest in crypto drew Michael Saylor, Changpeng Zhao, and other executives to Abu Dhabi, hoping to secure deals with Emirati investors
Angus Berwick / Wall Street Journal :
Changpeng Zhao announces that Binance's VC arm Binance Labs, which oversees about $10B of crypto-related assets, will become a family office called YZi Labs
Bloomberg :
DefiLlama: Binance's 24-hour outflows reached $1B as of 2:30AM ET on November 22 and seven-day net outflows were $703.1M, after Changpeng Zhao pled guilty
Timmy Shen / The Block :
DefiLlama: Binance's 24-hour outflows reached $1B as of 2:30AM ET on November 22 and seven-day net outflows were $703.1M, after Changpeng Zhao pled guilty
Timmy Shen / The Block :
A breakdown of Binance's known assets, using data from Nansen and others, estimates the exchange has around $50B, including ~$10B in BNB, down 24% from November
The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital
Bloomberg :
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital
Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund
Binance Chief Executive Officer Changpeng “CZ” Zhao and several deputies met with investors in Abu Dhabi last week in an effort to raise cash …
In a Twitter Space, Binance CEO Changpeng Zhao said the crypto exchange has seen a “slight increase in withdrawals” but otherwise “it's still business as usual”
Ryan Browne / CNBC :