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Following speculation regarding a potential return, Changpeng Zhao, known as CZ, the co-founder and former CEO of Binance, has sparked discussions about the implications of his recent presidential pardon for the exchange’s operations in the United States. Will CZ Reclaim His CEO Position At Binance? Industry observers suggest that this major development for CZ and Binance as a whole could pave the way for Zhao to resume leadership roles and consolidate Binance’s US operations. According to Bloomberg, the company is exploring several options, including the possibility of integrating Binance.US into its global operations or having its global exchange enter the US market, as indicated by a source familiar with the matter. Related Reading: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement “This cycle is largely being driven by U.S. institutional investors and investment products, and that’s precisely where Binance can now shift its focus,” stated Markus Thielen, CEO of 10x Research. He added that the US affiliate will likely be reintegrated into Binance’s global ecosystem, providing US investors with direct access to the platform’s “deep liquidity and comprehensive derivatives offerings.” Attention is now focused on whether Zhao will attempt to reclaim the CEO role he previously stepped away from. In recent weeks, he updated his profile on social media platform X from “ex-Binance” to simply “@Binance,” a subtle change that has fueled speculation about his intentions. However, not everyone believes Zhao is eager to return as CEO. David Namdar, who manages a BNB treasury company backed by Zhao’s family office, commented, “I think he is operating with more of a weight off his shoulders not running the exchange. I’d be surprised if he stepped back into that role.” Industry Leaders Predict Increased Involvement Patrick Horsman, chief investment officer of digital asset treasury (DAT) firm Applied DNA Sciences, which invests in Binance Coin (BNB), emphasized that Binance’s technology, liquidity, and relatively low fees could position it as a dominant player in the American crypto market. However, Bloomberg highlights that the pardon may not only enhance Zhao’s personal prospects but also unlock new opportunities for Binance’s global expansion. Related Reading: Bitcoin Price Update: Key Drivers That May Keep The Bull Run Alive Until Q2 2026 Notably, the firm holds minority stakes in affiliates throughout Asia, including Thailand and Malaysia, where regulatory frameworks impose ownership suitability tests on major shareholders. “A criminal conviction can pose a barrier for any individual seeking a beneficial ownership stake in a regulated or listed company,” explained Chris Holland, a partner at HM, a consulting firm based in Singapore. Cosmo Jiang, general partner at Pantera, anticipates that Zhao will become “more involved with Binance’s operations” now that he has received a pardon. “Whenever a founder returns to a company, it’s always an invigorating moment; you typically see more growth and better execution,” he noted. Featured image from DALL-E, chart from TradingView.com
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Binance Binance Coin (BNB) binance news Binance US bnbusdt Changpeng CZ Zhao crypto news CZ CZ Binance CZ`s presidential pardon
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JPMorgan Upgrades Coinbase Stock Rating On Base, USDC Potential
Coinbase shares soared after JPMorgan Chase upgraded the company’s stock rating to “overweight” on the monetization potential of the Base Network. The bank also highlighted changes to Coinbase’s USDC rewards and new Base-integrated DEX features driving profits and risk-management levers. JPMorgan Upgrades Coinbase Stock Coinbase shares (COIN) rallied on Friday after JPMorgan Chase upgraded the exchange, highlighting the potential of new monetization opportunities associated with its Base Network and USDC payout strategy. Analysts lifted their rating of Coinbase stock from “neutral” to “overweight” and also raised their price target to $404, a 15% upside from current levels. According to JPMorgan, Coinbase is leaning into its Base Layer-2 technology and exploring ways to capture value from the nascent platform’s growth. The bank also predicted that the launch of a Base token could present Coinbase with a $12 billion to $34 billion opportunity, putting Coinbase’s retained share between $4 billion and $12 billion. JPMorgan analysts also noted that the Base token’s distribution would likely favor developers, validators, and the larger Base community. Analysts also highlighted Coinbase’s integration of a DEX aggregator within the Base app to hedge against the growth of decentralized exchanges. USDC Rewards JPMorgan also highlighted margin expansion potential due to changes in Coinbase’s USDC rewards program. According to the bank’s analysts, Coinbase may reduce interest rewards for most users, offering them primarily to Coinbase One users. The bank believes such a move could add around $374 million in annual earnings at current USDC interest rates and yields. COIN shares rallied over 9% following the news, reaching $353. The stock’s value is up about 42% year-to-date, taking the company’s market capitalization past $90 billion. Attention Turns To Coinbase Earnings Coinbase will report its third-quarter earnings results on October 30. According to a report by Zacks Investment Research, analysts expect the company to post earnings of $1.06 per share, a 71% increase year-over-year, and revenue of $1.74 billion, a 44.1% increase from the same quarter last year. Coinbase reported a mixed second quarter, with the exchange missing earnings expectations. However, it achieved several operational milestones, including higher stablecoin revenue and rising stablecoin balances. Coinbase has also been focusing on its subscription and services segment. Analysts expect the segment to contribute between $665 million and $745 million in the third quarter. The exchange also highlighted several key developments during the quarter. These include the approval of the GENIUS Act. The act established a clear regulatory framework in the US for stablecoin adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice NewsBTC
SHIB Price Analysis for October 25
Can bulls maintain the price of SHIB above $0.000010 until the end of the week? NewsBTC
