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Binance CEO Calls for Peace Amid India-Pakistan Tensions as Bitcoin Rises

Binance CEO Calls for Peace Amid India-Pakistan Tensions as Bitcoin Rises

Published:
2025-05-07 07:47:31
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Amid escalating geopolitical tensions between India and Pakistan, Binance CEO Changpeng Zhao (CZ) has publicly advocated for peace and economic competition. The conflict arose after Indian forces conducted precision strikes on terror-related targets in Pakistan-Occupied Kashmir, following a deadly attack in Jammu & Kashmir that claimed 26 lives. CZ’s intervention highlights the cryptocurrency industry’s growing role in global affairs, as Bitcoin gains traction during periods of instability. This article explores the intersection of geopolitics and digital assets, examining how major players like Binance are responding to international crises.

Binance Founder Advocates Peace Amid India-Pakistan Tensions as Bitcoin Gains

Geopolitical tensions between India and Pakistan escalated after Indian forces conducted precision strikes on terror-related targets in Pakistan-Occupied Kashmir. The conflict, stemming from a deadly attack in Jammu & Kashmir that claimed 26 lives, has drawn international concern.

Binance CEO Changpeng Zhao (CZ) intervened with a public plea for de-escalation: "We condemn war. Let’s compete on economic growth and tech innovations that enhance lives and unite communities." The statement underscores crypto’s growing role as a neutral platform amid geopolitical strife.

Notably, Bitcoin’s price climbed during the crisis, reinforcing its perceived status as a hedge against traditional market instability. The digital asset’s resilience during geopolitical turmoil continues to attract institutional interest.

Binance to Delist 3 Altcoins and Suspend Withdrawals on 14 Networks

Binance, the world’s largest cryptocurrency exchange by trading volume, announced sweeping operational changes ahead of Ethereum’s network upgrade. The platform will delist three underperforming trading pairs—ANIME/BNB, STRK/BTC, and THE/BTC—effective May 9, 2025, citing insufficient liquidity and suboptimal user experience.

Concurrently, Binance will temporarily suspend withdrawals across 14 blockchain networks to facilitate system updates for Ethereum’s upcoming hard fork. The move reflects exchanges’ growing emphasis on maintaining market quality as regulatory scrutiny intensifies globally.

Market makers are adjusting positions accordingly, with analysts noting increased volatility in small-cap altcoins following the announcement. The delistings underscore crypto’s natural selection process—projects failing to maintain adequate trading volume face removal from major platforms.

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