Binance founder Zhao Changpeng @cz_binance (our big cousin): From ordinary to legendary, how many people truly understand this journey?
Binance founder Zhao Changpeng (Our big cousin): From ordinary to legendary, how many people truly understand this journey? This article allows everyone to understand CZ's story, and I encourage you to take some time to read it! In the field of cryptocurrency, Zhao Changpeng @cz_binance (Changpeng Zhao, referred to as CZ) is a highly regarded figure. I'm sure everyone is quite familiar with him. The exchange he founded, Binance @binance (Binance), now holds an important position in the industry. CZ came from an ordinary family and has experienced many challenges in his early years, transitioning from a programmer to an entrepreneur, step by step accumulating experience.
Thanks to the Binance Life Book Club for the invitation!
This is both the inaugural event of the European chapter of the Binance Life Book Club and an in-depth discussion on the theme of “Financial Freedom.”
It’s also CZ@cz_binance’s first major public speech since the big events—a speech that will surely rank among the most significant of his career.
On November 3 at 6 p.m., CZ will speak at the Oxford Union. Be sure to tune in—it’s a cross-community dialogue in the truest sense!
First, let’s talk about the stature of the @OxfordUnion podium: presidents, prime ministers, Nobel laureates, and scientific giants have all stood there.
As Oxford student newspaper Cherwell put it: judging by publicly reported wealth, CZ may be the richest speaker in the debating society’s history.
But the Oxford Union has never been about money. The question is whether someone is worth a serious conversation with a roomful of Oxford students.
The platform isn’t open to the public for ticket sales. Being invited to speak there is recognition in itself.
Everyone knows CZ’s story: he founded Binance and built it into the world’s largest exchange by trading volume. The ups and downs of recent years mean he has more to say at that podium than a polished résumé could convey.
So what makes this event truly worth watching?
It’s not people in crypto applauding one another. It’s one of the industry’s most representative figures stepping onto the turf of traditional academic elites to speak face-to-face with a group of thoughtful young people who aren’t easily convinced. That’s a cross-community dialogue in the truest sense!
Once again, this proves it: when it comes to handling a crisis, Binance has never let us down. You can always trust Binance!
Responsibility, efficiency, and execution have always been the fastest, steadiest, and most thorough
So far, approximately 90% of affected assets have been replenished, and a Proof of Reserves snapshot has been published!
Binance has injected $6.34 billion of its own funds into the user fund
10 tokens are now 100% fully reserved: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC
The remaining altcoins will continue to be purchased through the secondary market and OTC to replenish reserves until they are all fully backed at 100%
A new Proof of Reserves snapshot was completed at 8 a.m. (UTC+8) on October 31 and is now live on the official website
Zero-knowledge proofs require substantial computation, so the complete results are expected in 40–50 hours
The complete proof is expected to be published on November 3 (Tuesday, UTC), allowing users who hold assets to independently verify that their assets are fully backed 1:1
In short: funds are being replenished, the books are being opened, and proof is on the way
All we need to do is wait patiently and see this through together! Keep building!
Binance’s security incident this time was certainly unexpected, but I think if we take a rational look at it, we’ll realize there’s no need to worry.
The potential amount stolen is currently around $5.9 billion. Binance and its industry partners have already frozen or located about $3 billion of it, and are continuing to track the rest.
As for these funds:
First, Binance has its own independent SAFU (Secure Asset Fund for Users), currently worth around $1.15 billion, specifically set aside to deal with extreme security incidents such as hacks.
Second, CZ @cz_binance and Yi Jie @heyibinance made their positions clear right away: all user funds are expected to be fully protected, and Binance will cover all losses caused by the hackers.
In other words, Binance has clearly taken responsibility for protecting its users. That’s what putting users first really means: protecting every Binance user.
Now let’s look at its reserves: the snapshot published by Binance on October 1 showed reserve ratios of 100.35% for BTC, 100% for ETH, 103.88% for USDT, and 108.26% for USDC.
Before the incident, major assets were already fully backed at a ratio of at least 1:1.
As for suspending deposits and withdrawals, this is a temporary measure Binance has taken while it conducts security checks, protects its wallet infrastructure, and tracks affected assets. The platform will gradually resume operations once the relevant checks are complete.
So there’s no need to panic excessively about this.
Exchanges can never guarantee that they’ll be immune to security incidents forever. Their real moat is whether they have the ability to absorb losses, protect users, and resolve issues when something goes wrong.
Another especially reassuring point is that following this incident, Tether, Circle, Ripple, Coinbase, and numerous security firms have all been helping track and freeze assets.
The industry’s ability to coordinate so quickly at a time like this is, I think, a silver lining. After going through this, I believe the security standards across the entire industry will only get higher.
Your money is yours—not a single cent will be lost.
This is when you understand why people have kept putting Binance first all these years—it can handle a crisis, and that’s what makes it truly dependable!
One final, crucial point: any links asking you to “verify your assets” or “claim compensation” are scams. There are even more of them at times like this. Don’t click any of them—only pay attention to official announcements.
A couple of days ago, I chatted with everyone about stock earnings season on Binance Square. I stopped by again over the past few days and noticed that more and more people are discussing U.S. stock earnings.
I think Binance Square’s stock earnings season is definitely worth following this time around.
Especially if you usually follow U.S. stocks or tech stocks, or want to learn more about U.S. company earnings.
There’s already plenty of related content on Square, including previews of U.S. earnings reports, market insights, expert analysis, and discussions of earnings data and market expectations.
So you don’t have to search all over the place for information yourself. You can find plenty of insights on U.S. earnings right on Square and see how other people are analyzing them.
There have also been a few new updates over the past couple of days.
First, the third livestream of earnings season is coming up. It’s titled “Microsoft vs. Google” and will discuss which company is more likely to turn AI into real business value first.
Both companies are among the tech giants investing the most in AI. But the big question is whether all that spending can ultimately translate into revenue and profit.
Comparisons and analysis like this can also help us better understand how tech giants’ earnings work.
Also, Binance Oracle recently launched a “Financial Earnings” prediction section.
You can use points to make predictions about the earnings of companies like Google and Microsoft. Get your predictions right, and you could earn points as a reward.
It’s a way to learn about earnings and related topics while putting your own market outlook to the test.
There are also events running alongside this stock earnings season.
I checked, and taking part is free. Even if you run out of points, you can earn more by participating in activities.
There are leaderboard rewards too. When I checked, you needed fewer than 2,000 points to make the top 20,000, so the barrier to entry isn’t especially high.
If you enjoy creating content, you can also share your views and analysis on earnings. High-quality posts may be eligible for traffic incentives from the platform.
So if you want to learn about U.S. earnings, check out the content and livestreams. If you enjoy researching the market, join the discussions.
And if you want to try making predictions, there are activities you can take part in as well.
If you’re interested, just search for “Stock Earnings Season” on Binance Square to find the related content and event pages.
I’ll keep you posted if there are any more updates worth following.
Voting has finally ended, so we can finally get some good rest!
Everyone has worked hard over these past ten days. Thank you all for voting for me and supporting me the whole time. I’m sending everyone a little red envelope 🧧 as a small token of my appreciation. Let’s wait for the results together! 💛
BNB Standard rang the Nasdaq closing bell, and I watched the whole livestream. What moved me most was something CZ’s cousin said:
He said that when #BNB first launched nine years ago, it was just a simple token—it didn’t even have its own chain. He never imagined that nine years later, BNB would be the reason it got to ring the bell at Nasdaq. Just that one phrase, “I never imagined it.” No grand promises or bold claims.
But over the past nine years, BNB Chain has grown into one of the world’s leading public blockchains, with around 30 million monthly active users and over 3 million daily active users. Block times have fallen to about 0.5 seconds, and transactions reach finality in under a second.
The DAT playbook isn’t anything new anymore. Strategy has continually raised capital to accumulate BTC, creating a path that connects crypto assets with the U.S. equity markets. Since then, ETH, SOL, and BNB have each gotten their own DATs.
But I think DATs may gradually split into two categories:
One simply holds tokens, creating value by expanding its reserves through financing and benefiting from asset appreciation.
The other goes a step further: building on its token holdings to participate in on-chain operations and generate returns from the assets themselves.
BNC is trying to take the second path. BNB isn’t just a reserve asset; it has real uses, including gas and staking, and it’s backed by the mature BNB Chain ecosystem.
So, in addition to raising capital to expand its reserves like Strategy, BNC can use its BNB holdings to participate in the on-chain economy. Recently, BNC announced plans to operate BNB Chain validator nodes, and its new CEO has also clearly stated a goal of increasing the amount of BNB held per share.
There’s actually a new business logic here: raise capital in the equity markets to expand BNB reserves, use those reserves to participate in on-chain operations, and accumulate more BNB through real returns—thereby increasing the value of the assets represented by each share.
That means the company’s growth won’t depend entirely on raising capital to buy tokens. It may also be able to build up its assets through its own operations.
BNC has begun its transition from a publicly listed company that simply holds BNB to one that genuinely participates in the BNB Chain economy.
If this model works, BNC could become a leading example of DATs moving beyond simply holding tokens and into on-chain operations. So this bell-ringing ceremony isn’t just a milestone in BNB’s nine-year journey; it could also mark a new beginning for BNC’s business model.
Every episode of our Beginner's Guide is packed with useful information, so I recommend checking them all out!
This episode is about deposits and withdrawals, so it's an absolute must-watch. I recommend that everyone in crypto watch it carefully. I'm sure it'll help you!
新手学堂天使自治社区
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Binance C2C Deposit and Withdrawal Security Guide: Identify Risks and Protect Every Transaction
This livestream invited five experienced, carefully vetted merchants—Fulu Shou, Dadi No. 1, Daoxiangcun Trading (Kevin), Chengxin Capital, and Yunguichuan Select—to share tips on identifying transaction risks and keeping deposits and withdrawals safe.
I. How to identify transaction risks 1. Payments must be made under the same verified name • The payer's name must match the verified name of the merchant on the platform. • Use your own verified account to send and receive payments. Do not use someone else's account. • If using a merchant's linked account published by the platform, follow the details shown on the order page. 2. Complete all transactions on the platform
BNB Chain rarely tells stories — it keeps delivering results
Why have I always been so bullish on BNB? Because BNB Chain@BNBCHAINZH rarely tells stories — it keeps delivering results. One of the world’s most active blockchains, the chain with the deepest RWA liquidity, and one of the fastest chains in the world — these aren’t self-proclaimed labels; they’re backed by data and partnerships, built one step at a time. Its past achievements, current moves, and plans for the future become clear as you read on. I. The past: Q3 report card — the data speaks for itself Tokenized stock trading volume reached approximately $25.6 billion, 11 times last quarter’s figure More than 2 million RWA-holding addresses, with a supply of $4.96 billion (excluding stablecoins), up 24% quarter over quarter
Surely there’s still no one who doesn’t know that Binance Square @binancezh has launched its stock earnings season feature, right?
Binance has put together a really comprehensive collection of earnings season content this time. If you’re interested in this area, I’d recommend checking it out.
It covers everything from earnings previews and analysis of reported results to market perspectives from different investors, so you don’t have to hunt for information all over the place. It’s really convenient to use.
Whether you’re already creating content on Binance Square or taking part in the “Top 100 Global Blockchain Creators Awards,” you can use this feature to create more content.
There’s also a writing campaign running alongside earnings season. High-quality content can earn traffic incentives, and posts sharing trades or positions related to Tesla or Meta get even more support. Selected high-quality content may also be recommended by official accounts.
It’s also a great opportunity for newcomers just starting to create content on Binance Square to get some exposure.
There’s also the “Binance Oracle” earnings season prediction event, which lots of people around me are already playing. I don’t think I need to say much about how generous Binance’s rewards are, right?
Total prize pool: 1,000,000 USDC. First place gets 20,000 U, and there are plenty of chances further down the rankings too, with rewards shared among the top 20,000 users. There are also lots of categories to predict, so you’re sure to find something you know well. I chose esports, since that’s an area I’m relatively familiar with.
Plus, it’s free to join, so why not give it a go? Participation link: https://binance.com/zh-CN/prophet
If you want to check out earnings content, share your views in posts, or join the event, just head to the earnings season feature on Binance Square to find the entry point.
A Beginner’s Guide: What Is Binance Agentic Wallet and How Do You Use It? Get Started After Reading
These past few days, you’ve probably seen Binance Wallet’s @BinanceWallet Agent ID all over your feed, right? A few nights ago, I saw everyone chatting about it in the group and scrambling to claim IDs. Forgive my slow fingers—I didn’t manage to get a good one. However, many people may still be wondering: after rushing to claim an Agent ID, what exactly is this Agentic Wallet for, and how do you use it? It’s actually quite simple. Let me give you a quick explanation today, and you’ll get it. Read on: 1. What is an Agentic Wallet? Simply put, an Agentic Wallet is a wallet launched by Binance specifically for AI agents.
Still not on Binance Square? Read this and you’ll see why!
This morning, I read an article by He Yi @heyibinance and, inspired by the recent discussions in the community about the Square awards, I’d like to share my thoughts after watching Binance Square grow over the past few years. Identifying problems, raising them, and solving them are all essential steps in a platform’s growth. Having a problem isn’t scary. What’s scary is having a problem and no one to solve it. But you don’t have to worry about that on Binance—if you run into an issue, just reach out to Pear. @pearbinance, Yaya @yayabinance, and Kim @moonkimbinance The staff can usually take care of it! If they can’t resolve it, He Yi has said before that you can contact her directly.
No surprise—the buzz these past couple of days has all been about $AXIS. @axisrobotics
I took a look last night, and pretty much every group was talking about it. Huge gains! The group admin @0xsexybanana is amazing! 🤣
But among the new projects lately, there aren’t many that offer so many ways to participate—airdrop farming, getting in on new launches, and Alpha—while also delivering positive returns for all kinds of players.
The project has been making steady progress, too. It’s already listed on major platforms like Alpha, Coinbase, and Upbit. All that’s left is for futures trading to go live—time to step it up! Let’s go for the grand slam!
Based on how it’s performed so far, whether you got in early at launch, farmed the airdrop, or bought in on the secondary market, most people seem to be doing pretty well. The overall profit potential is clear.
I’ve sold half my airdrop and locked in around 1,000 in gains. I’ll see how the rest performs. Are you holding on to yours?
Please help vote for me, friends! I’ve already climbed to 11th place today!
投票链接
All I can say is that the popularity and prestige of Binance @binancezh’s "Global Blockchain Top 100 Creators Award" is terrifyingly strong, and the competition is getting fiercer by the day! It’s intense!
Whether you’ve interacted with me before, followed me, or worked with me, if I’ve ever helped you in any way, I’d really appreciate your support with a vote.
Today I also received a lot of encouragement and support from good friends. Everyone said, why not give it a try? At least then there’d be no regrets. We’ve already tried our best, and it’s not like we’ve never lost before! So let’s go all out!
Not for anything else, just to make one real push for myself!
The happiest thing is, as Teacher Link @CryptoSociety42 said, feeling the warmth. At critical moments, you can also tell who are the friends who truly hope the best for you—they’ll step up to support you, and I’ll remember each and every one of them!
This is also the first time I’ve asked so many friends to help and support me. Let’s give it a try!
Thanks to all my good friends for your encouragement!
Looks like GRVT @grvt_io can’t sit still either. I took a quick look, and they’ve been making some big moves lately.
They’re launching four products over the next six weeks, all leading up to GRVT 2.0 on November 30.
It doesn’t want to be seen as just a perpetuals DEX anymore. It’s looking to do more: GRVT 2.0 aims to bring trading, yield earning, and investing together in one app—kind of like an on-chain Robinhood.
They’re also doing one thing really well: starting monthly buybacks and burns. They use the platform’s gross profit to buy tokens, then burn them right away. The first batch of 1.1 million $GRVT has already been burned.
Put simply: the more products there are, the more users they attract, the more they earn, and the more they can burn. The flywheel is starting to turn.
The work they’ve done so far hasn’t been for nothing, either. They did over $5 billion in trading volume in their first 120 days, and hit $51 billion in January alone. They’ve also spent years building the underlying settlement and matching systems.
This direction really makes sense: they’ve connected trading, yield, and investing into one flywheel, and they’re buying back and burning tokens with real money. GRVT 2.0 in six weeks is a key milestone, so it’ll be worth keeping an eye on how active things get after launch.