CZ responds to sentencing controversy: There was never any money laundering accusation, and a US senator spread false information

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Binance founder CZ posted on social media, saying that a US senator got the basic facts wrong when mentioning someone (CZ) in a public post. There were no money laundering accusations at all. Just 5 days before I was sentenced, this senator announced on public television that he was going to war with cryptocurrency, and all of this happened during the Biden administration.

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American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.

Emmett Gallic, a blockchain analyst who previously disclosed and analyzed the "1011 insider whale," posted on the X platform revealing updated data on the Bitcoin reserves of American Bitcoin, a crypto mining company supported by the Trump family. In the past seven days, they increased their holdings by about 623 BTC, of which approximately 80 BTC came from mining income and 542 BTC from strategic acquisitions in the open market. Currently, their total Bitcoin holdings have risen to 4,941 BTC, with a current market value of about 450 million USD.
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CZ responds to sentencing controversy: There was never any money laundering accusation, and a US senator spread false information

All Comments

Recommended for you

American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.

The US spot Ethereum ETF saw a net outflow of $19.4 million yesterday.

Listed companies, governments, ETFs, and exchanges collectively hold 5.94 million Bitcoins, representing 29.8% of the circulating supply.

The Bank of Japan is reportedly planning further interest rate hikes; some officials believe the neutral interest rate will be higher than 1%.

OKX: Platform users can earn up to 4.10% annualized return by holding USDG.

The Federal Reserve will begin its Reserve Management Purchase (RMP) program today, purchasing $40 billion in Treasury bonds per month.

Bitcoin treasury company Strategy's daily transaction volume has now surpassed that of payment giant Visa.

The US spot Bitcoin ETF saw a net outflow of $78.35 million yesterday.

JPMorgan Chase issues Galaxy short-term bonds on Solana network

HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.

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