On June 20, Binance founder CZ participated in an interview on the Galaxy Brains podcast with Galaxy Research Director Alex Thorn. CZ stated that he is no longer operating the trading platform, allowing him more time to engage with developers, and expressed excitement about some new features of BNB Chain. He mentioned that BNB Chain is developing its next version, which will be faster, cheaper, and include more privacy controls. CZ also advised blockchain developers to avoid making major upgrades during bull markets and to push for significant updates during quieter bear markets. He admitted that he was skeptical about Real World Assets (RWA) a year to a year and a half ago, uncertain whether these assets would be traded or could develop. However, the rapid development of RWA has surprised him, as stablecoins, oil futures, and AI stocks have gained good acceptance within the crypto community. This indicates that many people globally have been looking for access to these assets. Crypto should not be viewed as a separate industry but rather as a new technological tool that makes financial transactions faster, cheaper, and more transparent. He believes that traditional financial institutions can utilize blockchain, and crypto companies can also offer services similar to traditional finance, such as loans, savings, stock trading, remittances, and payments. In the future, there should not be a clear divide between traditional finance and crypto; instead, it should evolve into a more globalized, faster, and lower-cost financial industry.
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