The crypto space never sleeps and today proved it once again. Every dip, every pump, every announcement moves the needle. This market rewards the bold who stay informed. 👀 #Crypto Who's paying attention? 🔥

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has. I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today. Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth. Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore. With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead. As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions. What’s next for me? I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years. After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi. I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do. On that note, I am proud to point out that in our resolutions with the U.S. agencies they: - do not allege that Binance misappropriated any user funds, and - do not allege that Binance engaged in any market manipulation. Funds are SAFU! With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion. Onwards! CZ

If you bought SpaceX 10 minutes ago, you'd have outperformed someone holding $ETH for 5 years.

I haven’t sold a sat. Strategy is still stacking.

Every day in crypto feels like a new chapter being written in real time. The technology moves faster than our understanding of it. Are we building the future or just watching it unfold? 🤔 #crypto Thoughts?

Someone said to me yesterday that the era of easy money in crypto is over. If that's true (I don't know if it is), then there's a good chance that most of you are wasting your time here. The reason is that almost everyone you see today who has achieved some level of success started their journey during one of these easy-money cycles. Whether it was buying BTC in 2012, getting into DeFi early, trading NFTs in 2021, memecoins in 2024, or InfoFi in 2025, the pattern is the same. You can't go from zero to one without an easy-money cycle. So if you're at zero now, there is a chance that you will stay there

JUST IN: X adds 'Big Charts' for crypto and stock tickers directly on the timeline. bitcoin:native ethereum:native $TSLA

In the depths of the 2022 crypto winter, our average cost basis was $30K while $BTC traded nearly 50% below it at $16K. What did we do? We bought more.

I have no idea why anyone would buy SpaceX at IPO when Bitcoin is trading at $60,000. Make it make sense.

Accretion depends on the metric. Net Assets per Share measures balance sheet strength and residual asset value. BTC per Share measures Bitcoin intensity and long-term equity upside. NAV accretion improves asset coverage. BTC Yield accretion increases Bitcoin per share. $MSTR $BTC

Bitcoin won't be "dead" for too long. Don't panic, in large friendly letters.

Michael Saylor is getting absolutely laughed at for his bet on Bitcoin. Good. Thinking 10 years ahead isn’t always appreciated. History is full of business titans who were laughed at for seeing the future too early: Elon Musk: “Electric cars are weak & lame." Jeff Bezos: “Selling books… online? Stock down 99% btw.” Jensen Huang: “GPUs are just for video games.” Steve Jobs: “Touchscreen? App marketplace? Smart?” Jack Dorsey: “A 140-character social network? Why?” These visionaries weren't crazy. They were just early. Bitcoin is a nascent industry exploding with growth. Don’t be so quick to bet against technology. Don't be so quick to count crypto out.

A new kind of onchain asset live on Solana via @sunrisedefi, $SV151 is the first Dynamic Asset by @MeteoraAG. Tokenized shares of sealed Pokémon packs, backed by real packs in audited custody by @BedrockFndn.

Tom Lee is getting absolutely laughed at for his bet on Ethereum. Good. Thinking 10 years ahead isn’t always appreciated. History is full of business titans who were laughed at for seeing the future too early: Elon Musk: “Electric cars are weak & lame." Jeff Bezos: “Selling books… online? Stocks down 99%” Jensen Huang: “GPUs are just for video games.” Steve Jobs: “Touchscreen? App marketplace? Smart?” Jack Dorsey: “A 140-character social network? Who would use it?” These visionaries weren't crazy. They were just early. Ethereum is a nascent industry exploding with growth. Don’t be so quick to bet against technology. Don't be so quick to count crypto out.

Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi. Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that. Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution. But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning). Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc. The things that we care about include areas like: * Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards * Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards * Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while) * Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there) * Open source, and improving the licensing / forkability situation in defi Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.