CZ FORMAL BINANCE CEO TO BE RELEASE FROM PRISON

🙂 CryptoQuant CEO Ki Young Ju has spoken out in defense of Changpeng Zhao (CZ Binance), who is set to be released from prison on September 29:

"Do not underestimate CZ. He deserves respect.

When the intrinsic value of an industry does not match the capital it has absorbed, society tends to view this as a 'sin.' In such cases, those who built and participated in the industry are labeled as sinners. Society singles out the most influential figure, holding them responsible for the industry's failure to develop properly. Although many have made mistakes, only a few atone for the 'sins' of the industry.

From the perspective of an established society, the crypto industry carries many 'sins.' It has absorbed vast amounts of capital, but its intrinsic value hasn't grown proportionally. Like other young and immature industries, crime flourished here—part of its growing pains.

On September 29, CZ, the co-founder and former CEO of Binance, will be released after four months of imprisonment. While he undoubtedly made mistakes, his imprisonment also reflects, in part, the growing pains of the industry. CZ is a businessman worthy of respect. Without Binance, the crypto industry would not have attracted the enormous global liquidity it enjoys today.

It is crucial to clearly distinguish his merits from his flaws. In my opinion, CZ's accomplishments far outweigh his mistakes. He has paid fines, and his imprisonment is coming to an end. The industry should begin to see him in a new light."

📈Market Overview

Bitcoin trades above $63K. The top-10 cryptos are traded in different directions:

Solana -2.42%
Ethereum +1.84%
Toncoin -1.39%

Market capitalization: $2.34T (+0.67%)
The BTC dominance: 53.66% (+0.04%)
Fear & Greed Index: 50 (Greed)

👉 Top Gainers

Tron Bull +138%
Celsius +66.6%
Neiro +42.2%
NetMind.AI +37.7%
Clore.ai +33.5%

👉 Recent Funding Rounds

Zulu Network Seed round with participation from Draper Dragon, Web3.com Ventures, PANONY, and others

Grass Series A round led by Hack VC with participation from Polychain Capital, Delphi Ventures, Lattice, and others

Octra $4M Pre-Seed round led by Finality Capital Partners with participation from Big Brain Holdings, Presto Labs, Builder Capital, Karatage, and others

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