The post Crypto Markets Slump after CZ’s First Tweet Post-Release appeared on BitcoinEthereumNews.com.

CZ’s first tweet after his release last week failed to inspire a market rally, leading to a decline in Bitcoin and Binance’s native token, BNB. In his tweet, CZ will be focusing on his future plans, emphasizing his intention to invest in blockchain, decentralized technologies, artificial intelligence, and biotech. The highly anticipated release of a key individual in the cryptocurrency sphere has materialized, marking the culmination of a four-month wait for the community. Chang Peng Zhao took to the X platform after serving a four-month prison sentence. Reminiscing, CZ was sentenced for failing to implement adequate anti-money laundering controls on Binance, a violation that led to widespread regulatory scrutiny of the exchange.  Being a key figure in the crypto sphere, especially the Binance fraternity, CZ made his first tweet, but the reaction from the crypto markets was far from the rally that many had hoped for. gm, the food taste so good… And what a luxury to be able to have more than one piece of fruit per day! I know some of you may have a lot of questions. I won’t have all the answers. Let me chill for a bit. Then figure out the next steps. There are always more opportunities in… https://t.co/9hvgp8Bo97 — CZ 🔶 BNB (@cz_binance) September 29, 2024 Instead of sparking optimism, the markets saw significant losses, with Bitcoin and BNB tokens taking the brunt of the hit. Despite the positive initial response, that was brought about when the Federal Reserve lowered interest rates and by the weekend, Bitcoin remained stuck while BNB saw its price decline. In his tweet, the post-wealthiest U.S. prisoner  focused on his future plans, emphasizing his intention “to invest in blockchain, decentralized technologies, artificial intelligence, and biotech.” Additionally, he mentioned his new focus on Giggle Academy, a project he plans…

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Filed under: News - @ September 30, 2024 12:29 pm