- CZ urges crypto traders to unfollow weak-minded voices after BTC dips, stressing the value of strong mentors like Saylor and Kiyosaki.
- A Nasdaq-listed firm plans to raise $100M to buy BNB, making it the first public company to hold the token as its primary asset.
- Despite pardon rumors, CZ’s legal team only applied in April, with Binance’s Yi He confirming no official approval has been granted.
Watcher Guru reports on X that Binance founder Changpeng Zhao (CZ) issued strong advice after Bitcoin dropped below $100,000 for the first time in 45 days. The weekend plunge sparked panic selling, but Bitcoin quickly rebounded 8% to trade around $106,000. CZ reacted on June 24, stating that those who sold the dip should reconsider who they follow in crypto. According to him, following the wrong people often leads to emotional decisions during market corrections. Instead, he recommended following thought leaders who remain calm and strategic.
CZ Pushes for Stronger Circles
CZ emphasized that a person’s network impacts their decision-making during market volatility. He said that “weak minds” trigger panic selling. Hence, traders should unfollow them and follow stronger voices. Moreover, he pointed to figures like Michael Saylor and Robert Kiyosaki. Both have stayed bullish through every cycle. Saylor recently dismissed the idea of a crypto winter, predicting Bitcoin could hit $500,000 or even $1 million. Kiyosaki also continues to push Bitcoin as a hedge against global economic instability.
Additionally, CZ reinforced the importance of long-term thinking. He urges traders to stay focused, especially when fear takes over the market. Consequently, his tweet reminds crypto rewards the patient, not the impulsive.
BNB Draws Institutional Attention
Meanwhile, Binance’s BNB token is also gaining institutional traction. A group of former crypto hedge fund executives is raising $100 million to buy BNB. The group controls a Nasdaq-listed shell company that will soon rebrand to Build & Build Corporation. Bloomberg reports the company aims to complete the deal by month-end.
The move would make it the first public company to hold BNB as its core asset. CZ responded, clarifying that Binance is not behind the effort. However, he expressed full support for such initiatives. He emphasized that BNB is a public blockchain token and not directly tied to Binance Holdings Ltd.
No Pardon for CZ Yet
Finally, CZ has not received a presidential pardon, despite online rumors. Binance co-founder Yi He dismissed the speculation, calling it false. CZ confirmed that his legal team applied for a pardon in April. The Department of Justice shows no current updates on the case.
