Binance founder Changpeng Zhao (CZ) tweeted last night that China Central Television (CCTV) broadcast cryptocurrency-related news, which caused an uproar in the Chinese community because similar reports have historically led to bull markets. However, Changpeng Zhao also emphasized that the past may not necessarily predict the future, and this is not investment advice.
CCTV reports on Hong Kong supervision (deleted)
When Chain News reported this news on the evening of 5/24, the link provided by Changpeng Zhao was still valid. The content is that CCTV reports on the recently finalized regulatory framework with "Hong Kong Securities and Futures Commission: Compulsory licensing system for virtual asset trading platforms to be implemented from June 1."
However, on 5/25 this link is no longer viewable.
(To understand the key points of Hong Kong regulations, please see: Exchanges have a heavy responsibility to protect retail investors and are temporarily not allowed to buy or sell stablecoins)
Chain News 5/24 evening screenshot. The original news has been deleted. Bitcoin once fell below 26K
Changpeng Zhao posted at 23:19 on May 24 that the Bitcoin price had dropped from 27K to 26K in the morning. Unexpectedly, the currency price continued to decline and once fell below 26K in the early morning. Binance’s lowest point reached 25871, and it had recovered to 26K before the deadline. It seems that CCTV not only deleted the report, but also failed to bring any hope to the currency price.
Bitcoin once fell below 26K
This article CCTV reports on Hong Kong supervision (deleted), Zhao Changpeng is optimistic about bullishness, and Bitcoin once fell below 26K. First appeared on Chain News ABMedia.