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<p>The post <a href="https://coinpedia.org/news/binance-ex-ceo-changpeng-zhao-becomes-richest-us-inmate-after-bnb-price-surge/">Binance Ex-CEO Changpeng Zhao Becomes Richest US Inmate After BNB Price Surge</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The <a href="https://markets.coinpedia.org/bnb/" target="_blank" rel="noreferrer noopener">Binance</a> (BNB) ecosystem has continued to grow against all odds fueled by heightened regulatory scrutiny in major jurisdictions led by the United States. After re-entering the Indian market following improved regulatory reforms, the Binance cryptocurrency exchange announced that it has reached 200 million globally registered users.</p> 
<p>Consequently, the Binance ecosystem continues to stamp its web3 dominance, more so outside Western countries.</p> 
<h2 class="wp-block-heading" id="h-bnb-bulls-summoned-amid-bearish-sentiments-nbsp">BNB Bulls Summoned Amid Bearish Sentiments&nbsp;</h2> 
<p>As <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> continues to struggle to rally above $72k, on-chain data shows heightened crypto cash rotation to the altcoin industry. Furthermore, the approval of spot Ether ETFs in Hong Kong and the United States is a clear indication of heightened demand from institutional investors.&nbsp;</p> 
<p>Binance native coin, BNB, price pumped over 200 percent since the beginning of the year to retest its all-time high (ATH) of around $700. However, the large cap-altcoin, with a fully diluted valuation of about $99 billion and a daily average traded volume of around $1.4 billion, has dropped 8 percent to hover around $643 on Monday.</p> 
<h2 class="wp-block-heading" id="h-cz-clinches-new-titles-in-prison">CZ Clinches New Titles in Prison</h2> 
<p>The recent <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noreferrer noopener">BNB price</a> pump to a new ATH of around $717 coincided with the beginning of four months of imprisonment for the former Binance CEO Changepeng Zhao. Notably, Zhao is serving a short-term sentence in the United States for ignoring US money laundering rules on Binance since its inception. Already, Zhao and Binance were forced to pay a fine of about $4.3 billion to the United States government, in addition to other settlement deals.&nbsp;</p> 
<p>However, the US fight against Binance only made it shine more as the company is valued at more than $100 billion. With Binance executives receiving 80 million BNB at the initial coin offering, experts believe CZ is worth around $38.5 billion.</p> 
<p>Also Read : <a href="https://coinpedia.org/price-analysis/big-week-ahead-for-bitcoin-cpi-ppi-fomc-with-dot-pot-heres-what-to-expect-from-the-btc-price-rally/" target="_blank" rel="noreferrer noopener">Big Week Ahead for Bitcoin, CPI, PPI, &amp; FOMC with Dot-Pot: Here’s What to Expect From the BTC Price Rally!</a></p>

Binance Ex-CEO Changpeng Zhao Becomes Richest US Inmate After BNB Price Surge

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