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.
Well, look at that—Binance @binancezh’s $U @UstablesZH new flexible savings campaign is here! If you have some spare U, don’t forget to put it to work!!!
Campaign period: Nov 5, 16:00 to Nov 25, 07:59 (UTC+8). First come, first served—the rewards pool is available until it runs out, so speed matters!
How are the returns calculated? Total APR = real-time base APR (currently around 1%, but it fluctuates) + tiered bonus interest
Check which of the three tiers you fall into:
Regular users: 7% bonus interest, eligible amount 0–10,000 U, approximately 8% total APR
VIP 1–3: 8% bonus interest, eligible amount 0–300,000 U, approximately 9% total APR
VIP 4–9: 9% bonus interest, eligible amount 0–500,000 U, up to 10% APR
Here’s a rough estimate of what you could earn over the 20-day campaign:
Regular users depositing the full 10,000 U could earn approximately 43.84 U
VIP 1–3 depositing the full 300,000 U could earn approximately 1,479.45 U
VIP 4–9 depositing the full 500,000 U could earn approximately 2,739.73 U
A few things to keep in mind:
This is flexible savings: deposit and withdraw anytime. Your funds aren’t locked up, so you can put in money you don’t need right now and withdraw it whenever you need it—more flexible than a fixed-term product.
It’s first come, first served, and the available quota really can run out. If you want to participate, don’t wait until the last day.
The base APR fluctuates. The figures above are estimates based on the current 1% rate, not a guarantee of returns. Please refer to the page for the actual rates.
Any amount exceeding your tier’s limit won’t earn bonus interest, so stick to the cap for your tier.
On a related note, U on Binance has long been about more than just trading.
If you’re holding U that you don’t need in the short term, put it in flexible savings to earn some interest. When you’re ready to trade, you can withdraw it anytime—so you get both liquidity and returns.
$U has grown from a medium of exchange into a complete cycle of holding, earning, and managing funds. Use it for a while and you’ll see just how convenient it is!
Here are the key takeaways from CZ's talk at Oxford, recorded live by Chelsea Mu Let's take a look at the insightful points CZ shared at Oxford: Background November 3, CZ @cz_binance spoke at the @OxfordUnion and mainly discussed three topics: the real-world uses of crypto, the changes AI will bring, and how regulation affects the industry's adoption Crypto adoption: don't focus only on prices People in different countries have very different experiences with financial services. In the UK, bank accounts are readily available, but in many places with limited access to banking services, a phone and a wallet can make a huge difference.
Just yesterday, people were saying that Binance @binancezh had reopened withdrawals, but most people wouldn’t withdraw their funds because they trust Binance deep down.
And now, here comes a rewards event. No need to wonder about the rewards or Earn rates—they’re sure to be maxed out. Now people will be even less likely to withdraw!
Those who already withdrew will probably rush back in 🤣
There’s really no need to waste time making a bunch of random moves. Just leave your funds on Binance and keep collecting rewards. What’s not to like!!!
I took a close look at the event. It’s actually not complicated—just pick the options that match your usual habits.
If you have some idle U and don’t plan to trade frequently anytime soon, just focus on Earn.
Four tokens (USDC, USDT, RWUSD, and BFUSD) are all offering limited-time boosted rates, with annualized yields of up to around 10%. You can leave your funds there without keeping an eye on them, and your returns will gradually accumulate on their own.
If you’re already trading, it’s even simpler.
First, claim the 100 USDC fee voucher. Any eligible KYC-verified user can get one, and you can also get 30% of your spot trading fees back.
Then just place orders as usual. Once your cumulative eligible trading volume reaches $10,000, you’ll automatically enter the pool to share 20 million USDC, with a maximum of 4,000 USDC per person.
And for VIPs, there’s a 30-day tier protection period this round. Even if your trading volume falls short during this time, your tier and benefits won’t be downgraded, so you can relax.
The event runs from November 2 at 19:30 until November 22 at 07:59. There’s still plenty of time, but it’s best to claim the vouchers and get into the pools early—don’t wait until the last minute to remember!
You can always trust Binance @binancezh It’s been less than three days since Binance was hacked, but the response has been visibly fast. This incident involved losses of approximately $6.3 billion, and around $6 billion has already been replenished. Binance made it clear from the outset that the platform would fully cover users’ losses from this security incident, and that users would not bear any of them. Major assets such as BTC, ETH, USDT, BNB, and SOL are now fully backed at a 1:1 ratio. The remaining smaller-cap assets are also being purchased and replenished.
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! 💛
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