{"id":5014,"date":"2023-05-24T15:01:30","date_gmt":"2023-05-24T19:01:30","guid":{"rendered":"https:\/\/sikaoer.com\/binance-ceo-says-this-recent-event-might-signal-a-bull-market\/"},"modified":"2023-05-24T15:01:30","modified_gmt":"2023-05-24T19:01:30","slug":"binance-ceo-says-this-recent-event-might-signal-a-bull-market","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/binance-ceo-says-this-recent-event-might-signal-a-bull-market\/","title":{"rendered":"Binance CEO Says This Recent Event Might Signal a Bull Market"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CZ <\/span><span style=\"font-weight: 400\">provided<\/span><span style=\"font-weight: 400\"> a link to the <\/span><span style=\"font-weight: 400\">broadcast<\/span><span style=\"font-weight: 400\"> which aired on May 23, and included a 98-second segment about Hong Kong regulators \u201cImplementing a mandatory licensing system for virtual asset trading platforms,\u201d beginning June 1.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The news itself wasn\u2019t entirely positive for the industry, with <\/span><span style=\"font-weight: 400\">SFC guidelines<\/span><span style=\"font-weight: 400\"> including rules not to incentivize retail trading through stablecoins, and others explicitly banning crypto \u201cgifts\u201d (likely including airdrops).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Nevertheless, CZ viewed the act of broadcasting crypto alone to be a massively bullish development, calling it a \u201cbig deal.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201cThe Chinese-speaking communities are buzzing,\u201d he said. \u201cHistorically, coverages like these led to bull runs.\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The CEO clarified that his tweet was not \u201cfinancial advice,\u201d and that the past does not predict the future.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Mainland China has banned crypto altogether, but Hong Kong has chosen to <\/span><span style=\"font-weight: 400\">press on<\/span><span style=\"font-weight: 400\"> with ambitions to become a regional crypto hub. Even after China\u2019s ban, a sizable portion of Bitcoin mining activity still continues to <\/span><span style=\"font-weight: 400\">flourish<\/span><span style=\"font-weight: 400\"> in the region.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">In his replies, CZ <\/span><span style=\"font-weight: 400\">agreed<\/span><span style=\"font-weight: 400\"> with a commenter that a bull market effectively can\u2019t happen without Chinese people being involved.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">CZ was born in China, but has been a Canadian citizen since the age of 12. He\u2019s <\/span><span style=\"font-weight: 400\">asserted<\/span><span style=\"font-weight: 400\"> on multiple occasions that Binance is not a Chinese company.\u00a0<\/span><\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms).<\/p>\n<p><b>PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/binance-ceo-says-this-recent-event-might-signal-a-bull-market\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets.\u00a0 The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past.\u00a0 CZ provided a link to the broadcast which aired on May 23, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - 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