Binance Founder Advocates for Bitcoin and BNB in Kyrgyzstan’s National Crypto Reserve
Binance founder Changpeng Zhao has proposed that Kyrgyzstan include Bitcoin and BNB in its planned national cryptocurrency reserve. This recommendation was made during Zhao’s participation in the newly formed National Cryptocurrency Committee, initiated at the invitation of Kyrgyzstan’s President Sadyr Japarov. The proposal highlights the importance of a diversified crypto foundation to bolster the country’s economy, with BNB’s integration underscoring its established utility and reliability in the digital asset space.
Changpeng Zhao Proposes Bitcoin and BNB for Kyrgyzstan’s Crypto Reserve
Binance founder Changpeng Zhao has advised Kyrgyzstan to include Bitcoin and BNB in its planned national cryptocurrency reserve. The recommendation came during Zhao’s involvement with the newly established National Cryptocurrency Committee, formed at the invitation of President Sadyr Japarov.
The proposal emphasizes building a diversified crypto foundation for Kyrgyzstan’s economy. BNB’s integration reflects its established role in the Binance ecosystem, while Bitcoin offers market stability. This initiative aligns with Bishkek’s broader strategy to modernize its financial infrastructure through blockchain technology.
Zhao’s participation signals growing institutional interest in Central Asian crypto adoption. The committee will develop regulatory frameworks meeting international standards, potentially positioning Kyrgyzstan as a regional leader in digital asset integration.
VanEck Aims to Bring First U.S. Binance Coin ETF
VanEck has filed an application with U.S. regulators to launch the country’s first exchange-traded fund (ETF) tied exclusively to Binance Coin (BNB). The move signals growing institutional interest in cryptocurrencies beyond Bitcoin and Ethereum.
The proposed ETF would not only hold BNB but may also generate additional yield through staking—a feature rarely seen in traditional ETF structures. While similar products exist in Europe, a U.S.-listed BNB ETF would mark a significant milestone for the digital asset class.
This development reflects a broader trend of asset managers expanding their crypto offerings. VanEck’s filing with the Securities and Exchange Commission could pave the way for more specialized crypto investment vehicles in the regulated U.S. market.
Cedar Launches on Solana with Decentralized Vision and Revenue Sharing
Cedar, a community-led DeFi project originating from Binance Smart Chain, is set to launch on Solana on May 6, 2025, at 12 PM EST. The project, known for distributing nearly $40 million in BUSD rewards to holders without staking requirements, aims to introduce real revenue sharing and product-first tokenomics to Solana’s ecosystem.
The transition to Solana follows a community vote, marking a strategic shift to leverage the blockchain’s scalability and growth. Cedar’s approach emphasizes long-term decentralization and tangible benefits for users, distinguishing itself from gamified reward mechanisms prevalent in the space.
Binance Founder CZ’s Cryptic Tweet Sparks Speculation Over Insider Drama
Binance founder Changpeng Zhao (CZ) ignited industry chatter with a veiled tweet referencing alleged insider misconduct. The exchange’s former CEO responded to a satirical post by MetaEra founder Vito, who described a fictional founder exploiting Binance’s ecosystem for a failed Solana project.
CZ countered with his own ’fictional’ account of ex-employees fired for insider trading later claiming executive titles. The thread notably mentioned Binance Chain and Solana, though no specific projects were named. Market observers are parsing the exchange for clues about potential real-world counterparts to these allegations.
CZ Advocates for BNB and BTC in Kyrgyzstan’s Crypto Strategy
Binance founder Changpeng Zhao (CZ) has recommended Kyrgyzstan adopt Binance Coin (BNB) and Bitcoin (BTC) as foundational assets for a proposed National Crypto Reserve. The suggestion follows his appointment to the country’s National Crypto Committee, signaling deepening ties between the exchange and Central Asian governments.
The endorsement came via a social media post showcasing a license plate reading ’888 BNB’—a nod to Binance’s native token. CZ framed the two cryptocurrencies as strategic starting points for institutional adoption, though the Kyrgyz government has yet to formally respond to the proposal.
VanEck Files for BNB-Based ETF in Bold Crypto Market Move
VanEck, the US asset management giant, has submitted an S-1 registration to the SEC for a Binance Coin-focused investment fund. This follows the firm’s successful Bitcoin and Ethereum products, signaling institutional confidence in altcoin markets despite regulatory uncertainties.
The filing details plans for BNB staking mechanisms and price-tracking methodologies. While the SEC’s stance remains cautious, VanEck’s move underscores growing demand for diversified crypto investment vehicles beyond the big two cryptocurrencies.
