CZ noted on X that “Bitcoin won’t be ‘dead’ for too long,” adding a reference to Douglas Adams: “Don’t panic, in large friendly letters.” The post saw thousands of interactions as BTC hovered around $62,600. On June 8, Strive announced it had purchased an additional 32 BTC for approximately $2.1 million at an average price of roughly $63,911 per coin, according to Cole’s post on X. The announcement came two days after he told followers he believes “the debt crisis won’t improve, debasement will continue,” adding that “we’re moving toward a Bitcoin future.”

Strive CEO backs Bitcoin to overcome bearish momentum

The Strive CEO also stated that “digital credit” is the best medium of exchange during what he sees as the long transition from fiat to a Bitcoin-denominated world. “The dollar is broken but is still the reserve currency,” Cole wrote on X on June 9. “Any security/commodity can easily be used as a medium of exchange today.” In an X post made on June 8, Cole stated that he and the Strive team are scheduled to appear at BTC Prague this week alongside Michael Saylor for a fireside chat.

The bullish posturing arrives during one of Bitcoin’s roughest stretches in recent memory. BTC fell from approximately $82,000 in early May to around $63,000 on Monday, a decline of over 20%. It briefly slipped below $60,000 last week for the first time since October 2024. Wall Street broker Bernstein pointed to capital rotation into artificial intelligence as the main culprit for the poor Bitcoin inflows. Bitcoin treasury companies and ETFs have attracted roughly $12 billion of inflows in 2026.

According to reports, the figure represents a steep drop from the $60 billion they received during 2025, Bernstein analysts led by Gautam Chhugani wrote. Spot BTC ETFs alone have recorded about $2.6 billion in net outflows from a $75 billion asset base this year, with corporate buyers led by Strategy (formerly MicroStrategy) accounting for most of the remaining demand, according to the report.

Crypto proponents and critics share different theories about the market

Cryptopolitan has previously reported on the broader dynamic at play: while critics are eager to declare Bitcoin dead, the liquidity squeeze has less to do with crypto-specific failures and more to do with capital chasing AI-related IPOs and infrastructure buildouts across equities markets. Bernstein’s analysts echoed that framing. “Bitcoin still may offer some diversification from the unusual singular AI-driven momentum markets we have experienced this year,” the report stated.

The firm also noted that the strongest-performing corners of crypto in 2026 have been tokenized equities and commodities, not Bitcoin itself. Despite the price pain, Bernstein argued that Bitcoin’s ownership structure has matured. Unlike prior cycles dominated by retail speculation, today’s holder base spans ETFs, corporate treasuries, wealth-management platforms, pension funds, and sovereign investors, according to the report. That diversification may explain why Cole and CZ are willing to buy and talk bullishly into a 50% drawdown.

Cole backed his words with capital, adding to Strive’s Bitcoin position at prices that would have seemed cheap a year ago and expensive two years before that. CZ offered no specific thesis beyond optimism. Whether the “dead” label sticks depends largely on whether AI continues to vacuum capital from risk assets or whether institutional buyers see current prices as an entry point. Readers watching this story should keep an eye on weekly ETF flow data and corporate treasury announcements heading into the summer.

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The former Binance executive rejected suggestions that his former company triggered the wave of forced position closures that happened when traders ran into system errors and pricing problems on the site. The exchange later paid out roughly $600 million to affected customers and trading firms. “There are a larger group who claim the October 10th crash was caused by Binance and wants Binance to compensate everything,” Zhao stated on Friday. “If you are living in that world in your head, you are unlikely to be successful in the future.”

CZ blasts those blaming Binance for the market crash

CZ pointed out that Binance operates under regulatory oversight in Abu Dhabi, where authorities can review the company’s operations. He also mentioned that American government officials keep watch over the platform through a monitoring arrangement. Speaking as someone who holds shares in the company and uses its services, Zhao gave up his leadership position in November 2023.

This came after CZ admitted guilt in a case involving inadequate money laundering controls. The agreement required Binance Holdings to bring in an outside compliance supervisor to check and evaluate how well the company follows rules. President Donald Trump granted Zhao a pardon in October 2025. Reports from September 2025 indicated that Binance might reach an agreement with the Justice Department that would end the monitoring requirement.

On October 10, traders saw $19 billion worth of leveraged cryptocurrency holdings wiped out in what became the single largest liquidation day in the industry’s approximately 16-year existence. Market observers, including Don Wilson from DRW, voiced concerns about how certain crypto platforms handled the situation, saying they failed to act as neutral marketplaces.

Zhao shares his views about Bitcoin

Zhao made clear that Binance customers who lost funds during the October downturn because of platform issues had already received full repayment. The platform distributed $400 million in relief, with $300 million going directly to individual traders who suffered significant liquidation losses and another $100 million set aside for institutional clients facing liquidity pressure.

During the session, CZ talked about organized negative campaigns targeting him and his former company. He described these as paid internet attacks, cautioning users to watch out for fresh accounts with few followers that spread false information. He warned people with large online followings against taking money to spread attacks, noting such actions damage reputations over time.

CZ also shared his changing thoughts on whether Bitcoin would enter a supercycle. While he previously felt confident about this possibility, rising tensions between nations and economic instability have made long-term predictions harder. He referenced his conversation with gold supporter Peter Schiff, saying Bitcoin has better technology than gold but lacks the same level of worldwide acceptance that gold built up over centuries.

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She made the statement on X in response to a user who seemed to imply that the Binance official X account is being run like a group controlled by a “bunch of KOLs.” A quick run through the page will show nothing but official updates and occurrences, but the statement was enough to put He Yi on the defensive.

Binance co-CEO responds to misleading statements

The Binance co-CEO did not like the implications of the statement the user made on X. According to her, the official Binance X account is run by competent staff who have the freedom to choose the style of posts. However, that freedom is restricted to their work and the level of creativity they are allowed to apply while doing it. He Yi drew the line at the participation of said employees in the launching or promotion of any tokens.

She acknowledged the fact that the BNB memecoin space getting active again has encouraged the community to start tokenizing words excerpted from posts made by the official Binance X account, or by her. But none of that has anything to do with Binance itself. She also insisted that the increased frequency does not mean they will stop posting.

She clarified that her statement regarding “encouraging employees to innovate and try” has to do with only their daily work and not “coin issuance projects.” Her post comes at a time when tokenization has taken center stage in crypto discussions, and memecoins have become a fixture in the patchwork. It is not the first time He Yi has spoken up about the current token trend.

In the past, she has urged users to take responsibility for their actions and start actively trying to protect themselves from pump and dump schemes by doing better research and being more vigilant. Chanpeng Zhao has also sounded similar warnings several times in the past. As recently as last month, he took action against people he claimed were selling X accounts he was following by unfollowing many of them.

Those accounts have reportedly been used for a laundry list of bad acts. Zhao urged users on X to avoid buying those handles, promising to “unfollow any sold accounts,” and asking his followers to report any account they see on sale. “Let me know,” he wrote. “DM, tweet, notify interns,” adding that he follows accounts randomly because they are “supportive, informative, positive energy people in the community.”

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BNB, the native digital asset of Binance, led the top performance of the day by market cap, seeing an uptick of 1.2% in the past 24 hours to trade around $1,127, according to data from CoinMarketCap. The Trump family-backed World Liberty Financial (WLFI) was not left out. The digital asset, associated with Binance’s extended network, registered a 12.5% rise from the past day to trade at $0.142.

The official TRUMP meme coin also saw a 2% rise, with the digital asset exchanging hands above $5. Another meme coin called 4, which was inspired by Zhao’s frequent use of the number in his social media posts, also surged by 30% to trade around $0.11. Even Aster, the decentralized exchange launched in October, supported by the former Binance CEO, saw a 10% surge that took the digital asset back to levels above $1.14.

Digital assets surge as Trump pardons former Binance executive

Binance co-founder Changpeng Zhao had been sentenced in April 2024 to four months in federal prison after pleading guilty to violating US money laundering laws. He was convicted after a lengthy investigation that saw Binance plead guilty and agree to pay $4.3 billion in fines for allowing users to evade sanctions and compliance requirements. Zhao completed his sentence in September 2024.

As reported by Cryptopolitan, the pardon issued this week by President Trump effectively clears his record, allowing him to re-enter the financial industry if permitted by regulators. “This was an overly prosecuted case by the Biden administration. So the president wants to correct this overreach of the Biden administration’s misjustice, and he exercised his constitutional authority to do so,” White House Press Secretary Karoline Leavitt said in a presser yesterday.

According to reporting from the Wall Street Journal, Binance had spent nearly a year advocating for a pardon on Zhao’s behalf. The company reportedly assembled a team of legal and political advisors, lobbying efforts to prove Zhao’s cooperation with authorities and the exchange’s compliance reforms. Binance received a $2 billion investment from Abu Dhabi-based sovereign wealth fund MGX, which was reportedly paid in World Liberty Financial’s USD1 stablecoin.

Shortly after the news of his presidential pardon flashed on headlines, Zhao posted a message on X appreciating the presidential act. “I am deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” he wrote. His comments were supported by some high-profile figures in the industry who congratulated him, while there were also critics who questioned the pardon.

The post Digital assets with ties to Trump and CZ spike following pardon first appeared on Coinfea.

The scammer shilled a memecoin called Shanghai Composite Index, with the ticker SCI6900, which was created on the BSC chain four days ago. According to on-chain crypto analyst Dethective, the scammer, SmokezXBT, rugged his followers twice.

Scammer rugs followers after CZ interaction

At first, the scammer SmokezXBT began purchasing SCI6900, along with other crypto influencers. He then shilled the meme coin to his 60,000 followers and spent an hour dumping the coin. At around 4:44 AM UTC, SmokezXBT started buying SCI6900 again. The scammer got a stroke of luck one minute and 34 seconds later, at 4:46 AM UTC, when CZ commented on the post, “Is this real?”

CZ’s comment pushed the meme coin’s market cap by 10X from $3 million to almost $30 million. The scammer pocketed $430,000 in under two minutes. The token’s price increased by a staggering 4,557%. SmokezXBT bragged about his bag and wrote, “Told you so.” He also responded to Dethective and wrote, “Keep hating bozzos.”

SmokezXBT explained that he bought SCI6900 at a $90,000 market cap, held the coin, and never sold it. Then bought again at a $3 million market cap and sold after CZ’s post. SmokezXBT wrote, “You just witnessed a masterclass on aping memes.” According to Dethective, on-chain data shows that SmokezXBT has 1,466 deleted coin addresses.

ZachXBT rips into the scammer

Crypto sleuth ZachXBT also echoed the same sentiment. He commented on Dethective’s X post and said, “That influencer is a known grifter.” He fingered a post from 2023 showing that SmokezXBT rugged his followers through a memecoin named BLOOD. SmokezXBT shilled it for days, rugged his followers, and deleted all social media accounts.

ZachXBT reached out to SmokezXBT, who admitted lying to his followers. He claimed that he created BLOOD, but then said that two devs hired him to act as a marketer and promote the memecoin. ZachXBT said the grifter was “playing victim and making excuses.” Meanwhile, CZ has been active in the crypto memecoin space, particularly after launching the Meme Rush wallet, which provides users with early access to memecoins.

A few days ago, the BNB meme season was at its peak, with 70% of investors in profit, according to a report by Cryptopolitan. However, memecoins on Binance have suffered drastic losses, especially after the crypto market witnessed its largest single-day liquidation, which wiped out $9.55 billion. Binance memecoins suffered a 20.4% loss in the past 24 hours. The overall memecoins market capitalization is down by 19.8%, according to CoinGecko.

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The token surged following the news that Binance had the potential to settle its case with the US Department of Justice (DOJ), thereby avoiding the requirement for an external monitor, as reported by Cryptopolitan earlier. Based on the present altseason, BNB is still in line to benefit from the growing market exuberance and break the $1,000 milestone. BNB open interest also expanded to an all-time high near $1.3 billion, suggesting speculation may add volatility and cause significant price leaps.

Over 23% of BNB activity happens on the Binance exchange, allowing the token to immediately react to liquidity inflows. In the past few years, BNB has risen to 10X during active altcoin seasons. At this price range, the token is expected to move to 5X at most. BNB, along with SOL, is seen as capable of reaching valuations close to ETH, based on their on-chain economies and app activity.

BNB on its way to $1,000

The hike to $1,000 for BNB may not happen immediately, as the token remains locked in a range, with long positions around $933, suggesting a price dip may be possible. BNB short positions are accruing around $990, with smaller liquidity allocations at $1,000. The potential to liquidate those positions is relatively smaller.

However, the general momentum suggests BNB is expected to move to a higher price range, based on ecosystem growth and general liquidity. BNB is currently not the hottest token among Hyperliquid whales, with only 13 positions open. Seven whales are attempting to short BNB, all carrying unrealized losses. Meanwhile, long position traders are facing significant negative funding fees to remain competitive.

Changpeng Zhao sparks Binance return rumors

Amid the BNB hype, the co-founder of Binance, Changpeng ‘CZ’ Zhao, changed his profile bio, sparking rumors of returning in some role. Zhao’s influence on the crypto market is undeniable, and an active role in Binance may further boost the CZ effect. So far, Zhao has remained close to Binance, while avoiding outright endorsement.

Zhao’s X bio now contains the @binance handle, edited from ex-@binance, setting up expectations for a new upcoming role or more active engagement. Zhao’s decision may further boost the performance of BNB. Previously, Zhao has also spoken in favor of BNB treasury companies, and his presence may boost demand for BNB reserves. So far, BNB treasuries are the smallest compared to other entities.

The Binance ecosystem also gets a boost from Yzi Labs, the investment branch formerly known as Binance Labs. More than 34% of Yzi Labs’ investments go to Binance Alpha projects, leading to 279.6% returns, one of the best performances for Tier 1 funds. Access to Binance Alpha tokens is one of the main reasons for holding BNB, as the ecosystem has expanded by hundreds of curated assets, now valued at over $4B.

The post BNB set to enter the four-digit price zone first appeared on Coinfea.

In his proposal, CZ mentioned that tokens should be unlocked in stages and only if the token doubles and stays above the price mark for more than 30 days before another unlock happens.

CZ proposes a new system of token issuance

The new mechanism is expected to stop projects from flooding the markets with tokens, which sees most tokens endure price spikes before they suffer crashes. “Each future unlock must meet ALL of the following conditions: 1. Six months after the previous unlock. 2. ONLY IF the token price has sustained above 2x of the previous unlock price for more than 30 days immediately before the unlock. 3. Up to 5% of tokens maximum each time,” he said.

In his model, if a token begins the year at $1 with an initial 10% unlock, the only way new tokens should enter the market is if the price has stayed above $2 by June. If it reaches that level and holds it by August, then the project can release 5% more tokens into the market. If the price hits $3 on August 3, then the next possible unlock would happen on March 3 of the next year. But this will only happen if the price has reached and stayed above $6 for another 30 days.

“The project team does NOT have the discretion to shorten or increase the size of the next unlock. The tokens shall be locked by a smart contract where a third party controls the keys. This avoids new tokens flooding the market when prices are low. It also gives the project team incentives to build for the long term,” CZ added.

Token issuance has always been a big subject in the crypto industry, with most projects issuing tokens depending on the blockchain. For instance, Bitcoin has a fixed supply of 21 million tokens, while Ethereum does not have a fixed cap, with its economic model mandating that they continue to issue tokens.

However, projects must spell out the mechanism adopted to issue their tokens and under what system. While there are various consensus mechanisms in the industry, different tokens have different setups to approach token issuance. CZ’s model will ensure that tokens are not just released for fun, following due process and depending on the price of the token.

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 The crypto exchange model should prioritize its core functions for professional market participants and liquidity providers instead of typical users.

CZ encourages users to rely on wallets instead of exchanges

Users commonly confuse Binance and comparable exchanges with wallet storage systems according to remarks made by Binance CEO CZ during his discussion with Trust Wallet CEO Eowyn Chen. Users need Trust Wallet and other cryptocurrency wallets such as Coinbase and Binance to utilize blockchain functionality and administer their funds. CZ states that deep liquidity traders are the primary long-term market segment that exchanges can target because exchanges are evolving to serve more purposes than storage. 

These cryptocurrency wallets provide users with four essential functions, including wealth management solutions, remittance services, DeFi capabilities, and digital identity management solutions. Chen observed wallet popularity growth through her comments at the event when she announced 200 million Trust Wallet downloads. She revealed that finance registration users prefer wallets over other options since seventy-seven percent of them selected this decentralized solution.

The growing role of crypto wallets in digital identity

According to CZ, crypto wallets possess the potential to act as a means of storing digital identity. Governments implementing blockchain identity solutions require decentralized identification systems, making wallets necessary foundation components for achieving this goal. According to CZ he viewed crypto wallets like web browsers so users should access and control all digital credentials through a single platform.

Chen developed this concept by designing digital certificates and identity authentication systems that wallets would integrate in the coming years. The direction of wallets will transform their importance in educational and public service settings along with secure online activities.

Wallets and Exchanges Serve Different Purposes in a Maturing Industry

The distinction between wallets and exchanges is becoming more evident as the crypto industry continues to evolve. Exchanges will likely remain essential for professional traders and liquidity providers, while wallets will transform into multifunctional tools for financial management and identity verification.

Although CZ no longer leads Binance, he remains involved in blockchain initiatives through YZI Labs, formerly known as Binance Labs, and the Giggle Academy. His views highlight a significant movement in the industry, emphasizing the growing importance of crypto wallets in everyday blockchain interactions.

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The clarification was needed because the project had used the Binance logo, a trademark of the company. According to CZ, the project is using the logo without the knowledge of the company or anybody associated with it.

CZ denies ties with TST token

The TST token became popular after a member of the BNB Chain created a video showing the public how to launch a token on the four.meme platform. In the video, the instructor created the TST token, which was never intended to be traded by the public. However, after the video, the token’s market cap rose steadily to $41M before steadying at $10M.

The tutorial has since been deleted, with CZ and the team claiming that they never intended to make it an official project of the company. According to LookOnChain, one of the early buyers of the token is currently sitting on a profit worth $2 million. CZ took to X, making the post in Chinese because it felt that most traders were from the region, to tell users that Binance had no connections to the token.

CZ warns TST creators about trademark infringement

CZ also mentioned that he just discovered that the token now has a website and social media where the developers used Binance’s logo. “I just heard that TST already has a website and an X account. As far as I know, neither of them is made or controlled by BNB Chain or any Binance-related team. It is controlled by someone in the community. I don’t know who it is,” CZ said.

CZ also used the medium to sound a warning to the developers, warning them about the adoption of the Binance logo. He mentioned that the token needs to stop exploiting the connection and stop misleading the public. He also added that he has no investment in the token as he doesn’t buy meme coins. “Like all meme coins, I have never bought and do not own TST. Now it is a completely community behavior. Please protect yourself and be responsible for your actions,” he said.

Token’s driven by the community usually follow this approach, using the hype from popular individuals and brands to drive growth. Although it fosters innovation, it poses great risk to the public and the brands they are representing. A typical example is the Hackathon G-AI that used Solana’s logo without express approval from the platform. The same thing is happening with Binance and the TST token.

The post CZ distances himself from TST token, issues infringement warning first appeared on Coinfea.

This lawsuit comes after FTX’s suit against Anthony Scaramucci and his company, Skybridge Capital. Like the one against Scaramucci, this lawsuit seeks to recoup funds to pay some creditors. It is also one of the 23 lawsuits filed by FTX in the Bankruptcy Court in the District of Delaware.

FTX makes moves to recover funds from Binance

According to several sources, SBF made a deal to repurchase FTX’s United States and international shares in 2021. In the deal, Binance and its former CEO CZ received $1.76 million worth of FTT tokens along with BNB and BUSD for a 20% sale of the exchange’s international unit, and 18.4% of its United States entity.

In the filing, FTX claimed that FTX and Alameda were insolvent in 2021, thus rendering the deal fraudulent. The estate also argues that former CEO Bankman-Fried acted in a reckless and manipulative way.

It also accused CZ of posting malicious tweets against the exchange before its collapse. The filing included a tweet where the Binance boss talked about selling his FTT tokens in 2022, leading to massive withdrawals.

The FTT token is doing well in the market, registering a jump of 29% over the last week. It is currently trading at $2.06, boasting a trading volume of $120 million.

The filing is targeting SBF’s influence buying

The lawsuit is one of the many lawsuits filed by FTX against former affiliates and individuals. The list also includes Skybridge Capital boss Anthony Scaramucci, and crypto platform Crypto.com, as the bankruptcy proceedings continue. Binance is yet to release an official statement in response to the lawsuit.

In the filing, FTX claimed that its former CEO Bankman-Fried was involved in influence-buying during the crypto winter of 2022. He used lavish cash gifts and investments to strengthen his influence in politics and finance.

It noted that SBF invested $67 million into Skybridge Capital to bail out the struggling fund. It was during the period that the hedge fund called for support after its assets under management dropped from $9 billion to $2.2 billion.

In September 2022, the company’s venture division invested to acquire a 30% stake. Financial details were not revealed, but Scaramucci spoke well about what it meant to the firm. FTX now notes that the investment didn’t yield any major benefits as they were made to increase SBF’s influence in the financial and political industry. The collapsed crypto exchange is now going after these investments as it claims they didn’t offer any real returns to the firm, terming it as investments to prop up SBF’s ego and standing.

The post FTX drags Binance, CZ to court in fresh $1.8 billion stock repurchase lawsuit first appeared on Coinfea.