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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 18 sources · 3 days · First seen about 1 month ago · Last updated 28 days ago

Changpeng Zhao philanthropic and market activities

Overview

Binance founder Changpeng Zhao has transitioned his focus toward philanthropy and market commentary following his departure as CEO. Zhao has pledged to donate between 90% and 99% of his wealth to charitable causes, including directing royalties from his memoir to Giggle Academy, a non-profit providing free educational resources.

Zhao has also shared insights regarding cryptocurrency market dynamics, specifically warning of Bitcoin scarcity. He noted that with over 20.07 million BTC mined, the liquid supply could be as low as 17 million coins if 10% to 20% of the total supply becomes permanently inaccessible. Additionally, Zhao announced the retirement of his public BNB Chain wallet due to an influx of unsolicited meme coin spam, making a final donation of approximately $955,000 to Giggle Academy before abandoning the address.

Entities

Giggle Academy · Binance · Changpeng Zhao · Bitcoin · Quinten Francois

Timeline

28 days ago

[BUSINESS] 16 sources
Changpeng Zhao warns of Bitcoin scarcity and retires public wallet
Binance founder Changpeng Zhao warns that Bitcoin's limited supply and lost coins may make owning a full BTC difficult for millionaires, while also donating $955,000 to Giggle Academy.
about 1 month ago

[BUSINESS] 2 sources
Changpeng Zhao defends Binance market share and announces major philanthropy
Binance founder Changpeng Zhao attributes the exchange's market share to user protection and announces a pledge to donate 90% to 99% of his wealth to philanthropic causes, including Giggle Academy.

Sources

alexewerlof.medium.com · bitcoinbazis.hu · bitcoinethereumnews.com · blockonomi.com · borsagundem.com · coin-turk.com · coinedition.com · coingape.com · cointribune.com · criptotendencias.com · cryptobriefing.com · en.coin-turk.com · linda.it · news.bitcoin.com · nourishedbycaroline.ca · skoob.com · tronweekly.com · yenicaggazetesi.com.tr