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Binance Founder CZ Denounces WSJ Report as Misleading Journalism

Binance Founder CZ Denounces WSJ Report as Misleading Journalism

Published:
2025-05-25 06:09:21
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Changpeng Zhao (CZ), the founder and CEO of Binance, has vehemently denied allegations made in a Wall Street Journal (WSJ) report linking him to the WLF. In a strong rebuttal, CZ accused the WSJ of employing Cunningham’s Law—publishing incorrect information to elicit corrections—rather than adhering to ethical journalism standards. This incident highlights the escalating tensions between cryptocurrency leaders and traditional media outlets.

Binance Founder CZ Rejects WSJ Allegations as ’Hit Piece’

Changpeng Zhao, founder of cryptocurrency exchange Binance, has publicly refuted a Wall Street Journal report alleging his involvement with WLF. In a sharply worded response, Zhao accused the publication of employing Cunningham’s Law—deliberately publishing incorrect information to provoke corrections—rather than practicing responsible journalism.

The Binance CEO’s rebuttal underscores growing tensions between crypto industry leaders and traditional media outlets. Zhao’s reference to Cunningham’s Law suggests he views the WSJ piece as intentionally misleading rather than factually inaccurate.

Binance’s CZ and World Liberty Financial Deny Policy Discussion Claims in Pakistan

Binance co-founder Changpeng Zhao and World Liberty Financial have refuted allegations of facilitating policy discussions with Pakistani officials. The denials follow a Wall Street Journal report suggesting CZ acted as an intermediary during WLFI’s business dealings in Pakistan.

WLFI co-founder Zak Folkman explicitly stated the company’s engagements never involved matters of foreign policy. Both parties maintain their discussions were strictly commercial, distancing themselves from any political implications.

PancakeSwap Surpasses Uniswap in Weekly Trading Volume Amid Divergent Price Action

PancakeSwap V3 has emerged as the dominant force in decentralized exchange activity, recording $14 billion in weekly trading volume to claim the top spot among global DEX platforms. The Binance Smart Chain-based protocol’s 58.04% weekly volume surge reflects accelerating adoption of alternative trading venues.

Despite its trading volume leadership, PancakeSwap’s native token shows muted price performance compared to competitors like Raydium. This divergence highlights the complex dynamics between platform usage metrics and token valuation in the DeFi sector.

Bitcoin Buyers Regain Control as Spot CVD Signals Bullish Momentum Above $110K

Bitcoin’s rally to a new all-time high of $111,980 on Binance has been fueled by aggressive buyer activity, according to spot market data. The Bitcoin Spot Taker Cumulative Volume Delta (CVD)—a key metric tracking the imbalance between taker buy and sell volumes—has flipped green, suggesting sustained demand.

Analysts interpret the CVD shift as a bullish inflection point. When spot buyers dominate, it often precedes extended upside momentum. The current trend mirrors past cycles where CVD breakouts led to multi-week rallies.

BNB Price Eyes $1,000 as Technicals Signal Bullish Breakout

Binance Coin (BNB) exhibits formidable bullish momentum on weekly charts, with technical indicators suggesting a potential rally toward the $1,000 milestone. The altcoin has decisively breached key resistance levels and now consolidates above the 50-week Exponential Moving Average—a critical support zone.

TradingView analyst Unichartz highlights BNB’s breakout from a multi-month descending trendline, signaling the end of consolidation and a probable trend reversal. Market participants now watch for sustained momentum to validate the path toward unprecedented price territory.

Crypto Whale Moves $200M in USD1 Stablecoin to Binance

A whale wallet holding $2 billion of USD1—the native stablecoin of World Liberty Financial—transferred $200 million to Binance, sparking speculation across the crypto community. The wallet reportedly controls over 80% of USD1’s total supply, amplifying the significance of the transaction.

Blockchain intelligence platform Arkham tracked the movement, highlighting the whale’s outsized influence on the stablecoin’s liquidity. Such large transfers often precede market shifts, though the intent behind this MOVE remains unclear.

|Square

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