CZ's return drives BNB up
Source: CoinWorld
Time: 2025-09-19 00:01:42
The Fed cut interest rates by 25 basis points, indicating that it will cut interest rates twice again in 2025, boosting risky assets, among which emoticons, artificial intelligence and games performed well. BNB soared more than 10% this week, driven by rumors of a possible return of Changpeng Zhao and a rising probability of Polymarket’s pardon for Trump. Binance is negotiating with the U.S. Department of Justice to relax regulations. On-chain indicators show that BNB's weekly revenue increased by 45% month-on-month, and trading volume increased by 200% year-on-day. BNB Chain's permanent decentralized exchange MYX Finance, despite low open contract volume, soared to $3.32 billion, and shorting is nearly impossible due to negative financing rates.