Binance’s Changpeng Zhao Set for Release Next Week: What to Know

BE[IN]CRYPTO09-16

Binance founder CZ is set for release on September 29 after a four-month sentence following a DOJ plea deal. Analysts predict CZ's release may boost Binance-related coins like Ethena, Renzo Protocol, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468182186?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2023/12/bic_Changpeng_Zhao_CZ-covers_negative-850x478.jpg.optimal.jpg","is_english":true,"pubTime":"2024-09-16 23:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468182186","market":"us","top_or_hot":-1,"title":"Binance’s Changpeng Zhao Set for Release Next Week: What to Know","media":"BE[IN]CRYPTO","content":"<div>\n<p>Binance founder CZ is set for release on September 29 after a four-month sentence following a DOJ plea deal.\nAnalysts predict CZ's release may boost Binance-related coins like Ethena, Renzo Protocol, ...</p>\n\n<a href=\"https://beincrypto.com/binance-cz-release-what-to-know/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Binance’s Changpeng Zhao Set for Release Next Week: What to Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBinance’s Changpeng Zhao Set for Release Next Week: What to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/binance-cz-release-what-to-know/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Binance founder CZ is set for release on September 29 after a four-month sentence following a DOJ plea deal.\nAnalysts predict CZ's release may boost Binance-related coins like Ethena, Renzo Protocol, ...</p>\n\n<a href=\"https://beincrypto.com/binance-cz-release-what-to-know/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REZ","symbol_name":"住宅房产信托ETF-iShares","start_time":0,"source_url":"https://beincrypto.com/binance-cz-release-what-to-know/","article_id":"2468182186","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/12/bic_Changpeng_Zhao_CZ-covers_negative-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468182186","pubTimestamp":1726500837,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Binance founder CZ is set for release on September 29 after a four-month sentence following a DOJ plea deal.Analysts predict CZ's release may boost Binance-related coins like Ethena, Renzo Protocol, and Arkham Intelligence.Despite his removal as CEO, CZ's influence as a Binance shareholder could impact the company’s future trajectory.Binance founder and former CEO Changpeng Zhao  is set to be released this month, as the 47-year-old crypto executive nears the end of his four-month sentence.CZ reached a deal with the US Department of Justice  in late 2023, which initially sought a 36-month sentence. However, the court ultimately imposed a shorter term.The official website of the US Federal Bureau of Prisons  confirms that Binance founder Changpeng Zhao will go free on September 29, less than two weeks away. While many anticipated the release date, the BOP provided confirmation only today.As CZ prepares for release, the coming years will be pivotal in defining his relationship with Binanc","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"REZ":"住宅房产信托ETF-iShares"},"translate_title":"币安的赵长鹏将于下周发布：需要了解什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REZ":1},"content_text":"Binance founder CZ is set for release on September 29 after a four-month sentence following a DOJ plea deal.\nAnalysts predict CZ's release may boost Binance-related coins like Ethena, Renzo Protocol, and Arkham Intelligence.\nDespite his removal as CEO, CZ's influence as a Binance shareholder could impact the company’s future trajectory.\n\nBinance founder and former CEO Changpeng Zhao (CZ) is set to be released this month, as the 47-year-old crypto executive nears the end of his four-month sentence.\nCZ reached a deal with the US Department of Justice (DOJ) in late 2023, which initially sought a 36-month sentence. However, the court ultimately imposed a shorter term.\nBinance Former CEO to Go Free  \nThe official website of the US Federal Bureau of Prisons (BOP) confirms that Binance founder Changpeng Zhao will go free on September 29, less than two weeks away. While many anticipated the release date, the BOP provided confirmation only today.\nCZ began serving his prison sentence in July at the Federal Correctional Institution in Lompoc, California. While federal prosecutors initially pushed for a three-year sentence, Zhao ultimately received a shorter term.\nThe defense had sought five months of probation, while sentencing guidelines suggested 12 to 18 months in prison. Alongside the prison sentence, CZ agreed to pay a $50 million fine, a modest amount given his estimated net worth.\nRead more: Who Is Changpeng Zhao? A Deep Dive Into the Ex-CEO of Binance\nBinance Founder CZ Release Date. Source: US Federal Bureau of Prisons\nIt remains unclear what CZ plans to do post-release. He has previously stated that he does not intend to return as CEO, preferring instead to focus on investments in blockchain, AI, and biotech companies.\nMeanwhile, traders are speculating about the potential impact of the upcoming event on Binance Coin (BNB) and other Binance-related altcoins. Despite stepping down as CEO as part of his plea deal with the US Department of Justice, CZ continues to play a key role at Binance, and his release could influence the markets.\nCrypto analyst Pepesso has identified several Binance-linked coins that could see a price increase, including BNB, Ethena (ENA), Renzo Protocol (REZ), and Arkham Intelligence (ARKM).\n\n“His release will definitely impact the markets. The Binance-related coins could pump after CZ’s release,” Pepesso wrote.\n\nSimilarly, another analyst, Kyle Chasse, expects CZ’s release to move markets and potentially trigger a supercycle.\n\n“The SUPER CYCLE starts on September 29,” Chasse wrote.\n\nRead More: Binance Review 2024: Is It the Right Crypto Exchange for You?\nAs CZ prepares for release, the coming years will be pivotal in defining his relationship with Binance. US officials are likely to keep him under close watch, especially due to his role as majority shareholder, which maintains his influence over the company.\n\n\n\n\nBest crypto platforms in Europe | September 2024\n\n\n\nYouHodler\nExplore\n\n\n\n\n\n\nWirex App\nExplore\n\n\n\n\n\n\nM2\nExplore\n\n\n\n\n\n\nCoinbase\nExplore\n\n\n\n\n\n\nBYDFi\nExplore\n\n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | September 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nM2\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468182186"}