Changpeng Zhao, founder of Binance, rejected allegations made by the Wall Street Journal as unfounded and misleading. In his statement on platform X, CZ also highlighted the influence of US financial circles on the crypto industry.
CZ on Wall Street Journal Credibility
Changpeng Zhao addressed the accusations made by the Wall Street Journal, labeling them as part of a "hit piece" and asserting numerous inaccuracies in the claims. According to CZ, the WSJ's questions presented several errors and negative assumptions, which his team pointed out. Amidst these denials, CZ speculated on particular US financial interests obstructing cryptocurrency advancements in America.
> The Wall Street Journal is just a mouthpiece, and there are some forces within the U.S. trying to hinder efforts to make the U.S. the cryptocurrency capital. - Changpeng Zhao
Binance Coin Price Dynamics
As of May 23, 2025, Binance Coin (BNB) stands at $660.52, with a market cap of $93.06 billion. The cryptocurrency experienced a 24-hour price dip of 3.44%, but its seven-day trajectory shows a 2.49% increase. The 24-hour trading volume saw a decline of 12.44% amounting to $1.99 billion.
Regulatory Concerns and Media Influence
The Coincu research team highlights that media narratives can influence the financial ecosystem surrounding blockchain and cryptocurrency. Concerns over market competition may push for heightened technological revelations as Binance continues to maintain its dominance in the crypto realm.
Changpeng Zhao's statements emphasize the existing conflicts of interest in the crypto industry and the importance of pursuing truth in media. Meanwhile, the price of Binance Coin shows volatility, reflecting current market conditions.
