Binance Founder CZ Pushes for Crypto Inheritance Tools and Minor Access
Binance founder Changpeng Zhao (CZ) has advocated for cryptocurrency platforms to introduce inheritance tools and allow minors to receive digital assets. In a recent post on X, CZ highlighted the necessity of a 'will function' that would let users designate beneficiaries and specify asset distribution proportions in case of their death. This proposal aims to address a significant hurdle in crypto adoption—asset recovery. CZ's call to action underscores the growing need for user-friendly solutions in the crypto space, ensuring that digital assets can be seamlessly passed on to the next generation.
CZ Advocates for Crypto Inheritance Tools and Minor Access on Platforms
Binance founder Changpeng Zhao (CZ) has called for cryptocurrency platforms to implement inheritance tools and allow minors to receive digital assets. In a post on X, CZ emphasized the need for a 'will function' that WOULD enable users to designate beneficiaries and specify asset distribution proportions in the event of their death.
The proposal addresses a critical pain point in crypto adoption—asset recovery. CZ noted that managing inheritance through cold wallets or private keys remains technically challenging for most users, often resulting in permanent loss of assets. A standardized platform-level solution could prevent billions in crypto from being stranded due to poor estate planning.
Community response was largely positive, with commentators praising the initiative as responsible and long overdue. However, some users expressed reservations about potential security implications of centralized inheritance mechanisms. The suggestion comes as regulatory scrutiny increases around digital asset custodianship and consumer protections.
PEPE Whales Exit with Losses as Memecoin Struggles to Maintain Momentum
Two major Pepe holders liquidated 1.2 trillion tokens at a combined $7 million loss, signaling eroding confidence in the memecoin's near-term prospects. The deposits to Binance followed a failed breakout attempt above $0.00001200, leaving the price trapped in a descending channel.
Technical indicators paint a conflicted picture - while the Stochastic RSI suggests oversold conditions, the network value-to-transaction (NVT) ratio and negative MVRV point to sustained bearish pressure. The Cup-and-Handle pattern's failure to materialize has left bulls defending the $0.00001014 support level.
On-chain metrics reveal weakening network activity, with declining participation across all key measures. Market structure now requires a decisive break above $0.00001280 to invalidate the current downtrend, as whale exits amplify retail investor apathy toward the frog-themed token.
SPX Surges 12% on Binance U.S. Listing Announcement, Profit-Taking Threatens Rally
SPX6900 (SPX) rallied 12.5% on June 18 following Binance U.S.'s announcement of a spot listing for the memecoin, set to begin trading on June 19. The news triggered a front-run surge from $1.24 to $1.46, but gains were short-lived as profit-taking emerged.
At press time, SPX had retreated 8%, facing rejection at a key downtrend channel midpoint that also functioned as a bearish order block. The 4-hour RSI suggests potential further downside to $1.33 if demand fails to materialize.
On-chain metrics reveal 91% of SPX holders are currently in profit, representing approximately 16,000 addresses. This creates substantial sell pressure risk as traders look to lock in gains. Immediate support lies at $1.10, coinciding with the 200-day EMA—a critical level to watch should downward momentum accelerate.
Trump Coin Price Prediction: TRUMP Gets Binance Backing – Is a Major Breakout Next?
Binance has added TRUMP to its list of loanable assets, allowing users to collateralize the meme coin for borrowing. Despite this development, the market reaction has been tepid, with TRUMP dipping 3% post-announcement and remaining 40% below its late-May peak.
Technical analysis hints at a potential reversal. The 4-hour chart shows a retest of a falling wedge pattern, while the RSI rebounded sharply from oversold territory. A MACD golden cross looms—a classic bullish signal.
The Binance integration introduces fundamental utility beyond speculation, potentially refocusing market attention. Yet TRUMP's trajectory remains contingent on whether traders view this as a liquidity catalyst or mere noise in a volatile meme coin market.
