Binance’s CZ Advocates Crypto as AI’s Financial Backbone at Token2049

At Token2049 in Dubai, Binance co-founder Changpeng Zhao (CZ) delivered a keynote speech championing cryptocurrency as the ideal financial infrastructure for artificial intelligence (AI). He highlighted crypto’s speed, borderless nature, and ability to eliminate intermediaries as key advantages. While dismissing most AI-themed tokens as lacking utility, CZ’s vision positions crypto at the heart of AI’s economic future.

Binance’s CZ Declares Crypto as the Currency for AI at Token2049

Changpeng Zhao, co-founder of Binance, made a compelling case for cryptocurrency as the financial backbone of artificial intelligence during his keynote at Token2049 in Dubai. "The currency for AI is crypto," he asserted, emphasizing the technology’s speed, borderless nature, and elimination of intermediaries.

Zhao dismissed the current wave of AI-themed tokens as largely devoid of utility, stating that 99.99% serve no purpose. His remarks struck a cautionary note against speculative hype in the sector while reinforcing crypto’s structural advantages for machine-to-machine economies.

Binance Expands VIP Loan Offerings with Five New Altcoins, Market Response Diverges

Binance has integrated five additional tokens—Hyperlane, SIGN, Initia, KERNEL, and WalletConnect—into its VIP Loan platform, aiming to enhance their utility and market exposure. The April 30 announcement triggered speculative interest, but price action was largely muted or negative.

SIGN emerged as the sole performer, rallying 50% weekly before paring gains with an 18% intraday drop. KERNEL slid 5% immediately post-announcement, extending its weekly decline to 10%. The mixed performance underscores the challenges of translating exchange support into sustained bullish momentum.