Changpeng Zhao Says Binance Didn’t Sell in Crypto Slump, Bought Digital Assets Over Past Few Days
JH Kim
Summary
- Changpeng Zhao said Binance did not sell during the recent decline in the cryptocurrency market.
- Changpeng Zhao said he bought digital assets over the past few days.
- Changpeng Zhao said potential reasons for the market decline included Anthropic’s IPO, ETF outflows, hacking incidents, high inflation and the U.S. midterm elections.
Forecast Trend Report by Period
Binance founder Changpeng Zhao said the exchange did not sell during the recent decline in the cryptocurrency market and that he instead bought digital assets.
Cointelegraph reported on November 15 that Zhao said, “Binance did not sell,” and added, “I bought crypto over the past few days.”
He cited Anthropic’s initial public offering, $1.9 billion in exchange-traded fund outflows and hacking incidents as potential causes of the latest market drop.
He also mentioned high inflation and the U.S. midterm elections as factors that may have affected the market. He did not say those factors definitively triggered the decline.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.