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4/8
01:54
Svmuu According to strategists at the Commonwealth Bank of Australia, the US-Iran conflict may end in May, not June as previously expected. Although the ceasefire does not end the war, analysts see it as the beginning of the end. The analyst stated in a report that the reopening of the Strait of Hormuz indicates substantial progress in the peace agreement. He added that although the plans proposed by the US and Iran seem severely incompatible, reaching a ceasefire suggests that the US is tentatively open to compromise, given that Iran's strategic leverage has not significantly diminished and US allies remain reluctant to provide assistance. He further noted that the economic consequences of the war are continuing to accumulate, and markets would react strongly negatively if negotiations break down due to political constraints. (Jin10)
01:52
Svmuu News OKX Star responded regarding "reporting Li Lin to the Chinese police," stating: "This matter is purely false information. In the Asian Crypto industry, any platform and founder of scale faces a large number of reports and complaints every year. If reporting alone could determine the outcome, this industry would have ceased to exist long ago. Huobi's Mr. Li has high emotional intelligence and has managed various individuals around him well over the years. He should not believe such nonsense that defies common sense."
01:36
Svmuu News CZ accidentally leaked his early personal information such as phone number and WeChat in his personal memoir "Binance Life".
Specifically, there is a screenshot in the book containing CZ's early business card, but the personal information on the card was not blurred out.
For more interesting content from CZ's new book "Binance Life", you can read "Top 10 Revelations from CZ's New Book: Learning About 'September 4th' in Advance, Inside Story of Huobi Ownership Change Disclosed for the First Time"
CZ's Early Phone Number and Other Personal Information Accidentally Leaked in New Book
01:30
1. CZ: Vitalik taught my son about "infinity numbers" 11 years ago; I missed the great opportunity to invest in Ethereum.
2. CZ: SBF once poached employees with 5x salaries; the clients he took with him ended up in the FTX collapse.
3. Whale "First Set 10 Big Goals": Geopolitical turbulence may present a buying window; has already positioned in tech stocks and crypto assets.
4. NBA Regular Season: Nets defeat Bucks; an account with over $4 million in losses makes over $280,000 profit in a single game.
5. CZ: Binance's Chinese name was decided by He Yi; the process reflects Binance's decisive and efficient working style.
6. U.S. FDIC plans to issue stablecoin regulatory rules, clarifying requirements for reserves and redemptions.
7. CZ states he did not sell holdings before LUNA's collapse, once refused to cash out $1.6 billion in profits, and still holds some of the related tokens.
01:28
Svmuu News Hyperbot data shows that Machi Big Brother, Huang Licheng, has opened another 10x leveraged HYPE long position. His current position holds 28,888 HYPE; additionally, he continues to add small amounts to his 25x leveraged Ethereum long position, with the current position holding 10,925 ETH and a liquidation price of $2,066.
With the rebound in the crypto market, Machi Big Brother's overall position has now turned from loss to profit, with a position value reaching approximately $25.651 million and a current floating profit of about $1.1 million.
01:07
Svmuu News: Market data shows that EDU surged over 34% in a short period, briefly breaking above $0.059, and is currently trading at $0.058, possibly influenced by CZ's new book.
01:06
Svmuu News: In his personal autobiography "The Binance Life," CZ mentioned that SBF once poached his junior VIP account manager with a 5x compensation package. She possessed the data of all Binance's VIP clients, and among those clients taken to FTX was Three Arrows Capital, which later collapsed along with FTX.
CZ had asked SBF to stop poaching employees. SBF verbally agreed but then continued to use three to five times the salary to poach those employees who prioritized money more. CZ stated that, looking back now, this actually helped filter the team.
00:58
Svmuu News CZ mentioned in his personal memoir "Binance Life" that during the later stages of his sentence, he was transferred to a halfway house. There, he was approved to volunteer, and one of his volunteer tasks was helping to create cryptocurrency educational materials for inmates. However, CZ stated that he basically just copied and pasted most of the content from the Binance Academy.
00:55
Svmuu News The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new draft regulation aiming to regulate stablecoin issuers under its jurisdiction according to the "GENIUS Act," covering requirements for reserves, redemptions, capital, risk management, and custody.
The FDIC stated that the related reserve deposits will be insured, but this protection does not directly cover stablecoin holders. Meanwhile, the regulatory agency has solicited public comments on the rule details, with a comment period of 60 days. This proposal is a further step in implementing the "GENIUS Act," and the related regulatory framework is expected to be gradually refined.
00:54
Svmuu News CZ, in "Binance Life," reflected on the Terra incident, stating that Binance invested approximately $3 million in Terra as early as 2018 and received LUNA tokens, with the book value soaring to around $1.6 billion before the crash.
He mentioned that before the sharp price fluctuations of LUNA in 2022, the team discussed whether to reduce holdings but ultimately decided against selling. On one hand, they were concerned that concentrated selling would exacerbate market panic; on the other hand, a large-scale exit would require considerable time to execute, and the market had already entered a rapid downturn phase at that time. Additionally, he expressed a desire to avoid the perception that the platform was "exiting ahead of retail investors." Currently, some related tokens are still held.
00:52
Svmuu News CZ mentioned in his personal memoir "Binance Life" that on September 4, 2017, the night before the 94 ban was announced, he received a message on his phone indicating there would be a "major crackdown" the next day. At 12:30 a.m. that day, CZ and executives including He Yi urgently held a conference call, ultimately deciding that he, He Yi, and Heina would go to Tokyo first, while others would temporarily remain in Shanghai.
To prevent being tracked, He Yi reminded CZ during the journey to remove his phone's SIM card and turn it off, which CZ did. However, He Yi later told CZ that this idea came from spy movies she had watched, and she wasn't sure if it would actually prevent tracking.
00:51
Svmuu News CZ mentioned in his personal autobiography "Binance Life" that he used the BTC-e platform after the collapse of Mt.Gox. During a deposit operation, due to a mistake, he transferred 46 BTC (worth approximately $30,000 at the time) to an incorrect chain.
Subsequently, CZ sent a retrieval request email to the exchange's customer service, and the funds were quietly returned to his account two weeks later. He later learned that BTC-e might have been an exchange operated by the Mt.Gox hackers themselves.
00:50
Svmuu News CZ mentioned in his personal memoir "Life at Binance" that in early 2014, he was recommended to become the CEO of Mt.Gox's China operations, responsible for the Chinese business, with the opportunity to receive 10% equity. However, just as the contract was about to be signed, Mt.Gox collapsed on February 7, 2014, suspending user withdrawals, leading CZ to decide not to join.
But CZ was not without losses. After the Mt.Gox collapse, the 100 Bitcoins he personally held on Mt.Gox (worth $50,000 at the time, approximately $7 million today) were also lost. However, CZ did not pursue recovery.
00:49
Svmuu News CZ recalls the details of investing in Twitter (now X) in 2022 in his personal autobiography "Binance Life," stating: "In April 2022, news broke that Musk was going to acquire Twitter. My first reaction was: 'Great! At least Twitter's update speed will improve.' A few days later, the investment team told me: we can participate in the investment. We had a short meeting: invest or not? How much to invest? Is the valuation expensive? Honestly, I had no idea. After a 30-minute meeting, we decided to invest $500 million to support Twitter's privatization. That number was basically decided on a whim by a few people, without any detailed data analysis. The reason was simple: we want money to be more free, so we must support freedom of speech."
"I only spoke with Musk briefly. We're both busy and don't like small talk, so the conversation was short and direct. He only mentioned: he hopes to run Twitter his own way. I had no objections... For the $500 million investment, I only attended a few meetings. We are still a small shareholder in Twitter (now called X). X later merged with xAI, so we also became a small shareholder in xAI. And when xAI merged with SpaceX, we became a tiny shareholder in SpaceX. Later, I learned from the news that FTX also wanted to participate at the time. But Musk's 'scam radar' went off, and he didn't let them join. I have to say, even though Elon says he has Asperger's, his judgment of people is quite accurate."
00:45
Svmuu reported that CZ stated in his memoir "Binance Life" that BNB was launched in 2017 as a utility token on the Ethereum blockchain. In 2019, BNB was upgraded to become the native token of its own blockchain, BNB Chain, used to support the operation of a decentralized blockchain ecosystem. CZ pointed out that in BNB Chain, "BNB" is endowed with the meaning of "Build N Build," emphasizing the concept of continuous construction and ecosystem development.
00:41
Svmuu News CZ mentioned in his personal autobiography "Binance Life" that "the US President's pardon" sounded like the ending of a fantasy movie. During that hour when his personal X account was silent, he was actually on his way to a meeting with the Kyrgyz government, making him the last person to know he had been pardoned.
00:39
Svmuu News CZ recalls the details of the successive detentions of Xu Mingxing and Li Lin in 2020 in his personal autobiography "Binance Life," stating: "On October 16, 2020, OKCoin suddenly announced an indefinite suspension of withdrawals... Rumors spread that Chinese police had placed Xu Mingxing under 'soft detention,' confining him to a hotel and cutting off his external communication... There were concerns that the police might seize user funds, causing widespread panic in the Chinese market. After a full five weeks, on November 26, 2020, Xu Mingxing was released from 'soft detention,' and OKCoin resumed withdrawal services... Two days after Xu Mingxing's release, on November 28, 2020, Huobi founder Li Lin and 17 other executives were taken away by police during a public VIP event... Li Lin was placed under 'soft detention' for 90 days. After his release, he decided to exit the industry and put Huobi up for sale. Binance was asked if we were willing to take over, but we declined. In the end, Li Lin sold Huobi to Justin Sun."
"Five years later, at a dinner in 2025, I met Li Lin again after 11 years. Li Lin told me that he had seen a screenshot showing Xu Mingxing personally reporting him to the Chinese police, and it was this report that led to his arrest."
00:36
Svmuu News CZ mentioned early information about the "Binance payment card" in his personal autobiography "Binance Life." He stated: "In February 2020, I was introduced to the Philippine crypto startup Swipe Wallet. It was originally a wallet but later pivoted to offering crypto debit
cards. Users pay with cryptocurrency, while merchants receive fiat currency, making the experience almost seamless for users.
The idea itself wasn't new; the biggest challenge was finding banking partners. For crypto enthusiasts, it eliminated the hassle of selling crypto for fiat, allowing cryptocurrency to be used directly for daily payments. At that time, Swipe wasn't officially operational yet but wanted to gain users through a partnership with Binance. Founder Joseph offered to exchange 80% of Swipe's equity for a partnership. He was very smart and later sold the remaining 20% to us for tens of millions of dollars.
Subsequently, Binance launched the Binance Card in Europe, which quickly became a favorite among users."
00:12
Svmuu News CZ stated in his new book "Binance Life" that in 2023, he voluntarily traveled to the United States and admitted to violating relevant provisions of the U.S. Bank Secrecy Act, primarily related to Binance providing services to U.S. users in its early stages without completing registration. CZ claimed that against the backdrop of tightening regulatory environment at the time, failing to make this decision could have brought greater uncertainty and potential shocks to Binance's operations, BNB holders, and industry development. CZ expressed that he chose to address the risks by personally assuming legal responsibility, aiming to reduce the impact on platform users and the overall cryptocurrency industry while ensuring the continued operation of the business.
00:02
According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $64.6704 million yesterday (Eastern Time, April 7).
The Ethereum spot ETF with the largest single-day net outflow yesterday was Fidelity's ETF FETH, with a net outflow of $48.2093 million. Currently, FETH's historical total net inflow stands at $2.283 billion.
Following that was BlackRock's ETF ETHA, with a single-day net outflow of $16.4611 million. Currently, ETHA's historical total net inflow stands at $11.607 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $11.979 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) reaching 4.69%. The historical cumulative net inflow has reached $11.536 billion.
Ethereum Spot ETFs Saw a Total Net Outflow of $64.6704 Million Yesterday, with Fidelity's FETH Leading with a Net Outflow of $48.2093 Million

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