Recently, the crypto world has seen many interesting events. Let's review the key points from the past week.
Binance Founder’s Release Date
Last week, reports confirmed that Binance founder Changpeng Zhao is set to be released from prison on September 29. According to official data from the U.S. Federal Bureau of Prisons, Zhao and Binance pleaded guilty to charges related to violations of AML provisions. The former Binance CEO was sentenced to four months in prison, starting in June this year.
Trump Launches Crypto Venture
Former U.S. President Donald Trump unveiled a new crypto venture called World Liberty Financial. Along with his two eldest sons, Eric and Don Jr., Trump aims to disrupt the traditional banking system. The WLFI token is set to be released and sold only to accredited investors.
Token2049 Highlights
The Token2049 crypto conference ran from September 18 to 19 in Singapore. One of the highlights included a panel discussion on the future of the crypto industry featuring Ethereum co-founder Vitalik Buterin and Circle CEO Jeremy Allaire. Buterin supported the adoption of crypto for more real-life use cases and less focus on NFTs. BitMEX founder Arthur Hayes predicted that the Fed's rate cut could trigger a short-term market drop. OKX founder Star Xu stressed the importance of self-custody.
This week, the crypto world witnessed significant events that may impact the future development of the market. These events include the release of key figures, the launch of new projects, and responses to economic changes.
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