Nigerian Government Releases Binance Executive After Dropping Charges

The Nigerian government has ordered the release of Binance executive Tigran Gambaryan, who had been detained for seven months in…

The post Nigerian Government Releases Binance Executive After Dropping Charges first appeared on The Crypto Basic.

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Binance Founder Changpeng Zhao Says $100K is Boring as Bitcoin Recovers Key Level

Former Binance CEO Changpeng "CZ" Zhao asserts that the $100,000 price point is "boring" in response to the recent Bitcoin recovery.Much to the relief of most crypto proponents, Bitcoin is back above the $100,000 price point. The asset had fallen below the keenly watched level on December 19 due to Fed hawkishness. Amid its recent recovery, former Binance CEO Changpeng "CZ" Zhao is stoking excitement."100K is Boring"Former Binance CEO Changpeng "CZ" Zhao has asserted that the $100,000 price point is "boring" in response to Bitcoin's surge back above the level over the past 24 hours, the first time the asset has traded above it since December 19."100K is boring, right?" Zhao wrote in an X post on Tuesday, January 7.The statement triggered excitement as it suggests that Zhao is anticipating higher prices for Bitcoin. Zhao himself has alluded to this in recent statements. On January 3, the influential crypto figure dubbed 2025 a "'send it' year." Crypto enthusiasts often use the phrase 'send it' to express excitement when asset prices are soaring.The sentiment comes as several analysts maintain that Bitcoin's price is set to soar higher in 2025, with some, like Bitwise CIO Matt Hougan, tipping the asset to hit the $200,000 price point driven by institutional adoption and nation-state interest.While Binance's Zhao has not offered a Bitcoin price prediction for 2025, he has in the past implied that he expects the asset to one day exchange hands for $850,000 per coin. Speaking at Bitcoin MENA 2024, he asserted that the asset would eventually surpass gold in market capitalization. For context, gold boasts a market cap of $17.8 trillion at the time of writing. On the other hand, Bitcoin has a valuation of $2 trillion.

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Binances Changpeng Zhao Says 2025 Will Be a Send It Year

Binance's Changpeng "CZ" Zhao offers insights into his crypto market expectations for 2025.After a largely positive 2024, most crypto market participants are looking to 2025 with significant optimism. This includes former Binance CEO Changpeng "CZ" Zhao.Binance's CZ Says "Send It"Binance's Changpeng "CZ" Zhao has offered insights on his expectations for 2025. In an X post on Friday, January 3, CZ asserted that "2025 will be a 'send it' year," referencing the popular phrase often used by crypto market participants to express excitement when asset prices are soaring.Indeed, the crypto community appears to have a lot to be excited about going into 2025. For one, the industry is anticipating an unprecedentedly supportive regulatory environment under the incoming Donald Trump administration. At the same time, the market looks set to benefit from improving global liquidity as central banks continue quantitative easing efforts.https://twitter.com/cz_binance/status/1875110514856223151Meanwhile, institutional adoption continues to grow at a rapid pace, as reflected in the billions pouring into the market through Bitcoin and Ethereum exchange-traded products and the high demand for stocks of companies with Bitcoin treasury holdings.Furthermore, several countries, including the U.S., are mulling strategic Bitcoin reserves.Amid this confluence of tailwinds, researchers and analysts are targeting significantly higher crypto asset prices in 2025.The Best Year Ever?In line with Binance's CZ's view, financial research firm Steno Research asserted that 2025 will be crypto's best year ever in its forecast for the year, setting price targets of $150,000 and $8,000 for Bitcoin and Ethereum, respectively.At the same time, the firm predicts that altcoins will soar, supported by the anticipated favorable regulations under Trump. According to the firm, total value locked (TVL) in DeFi protocols is expected to hit a record high of $300 billion from current levels of about $123 billion.

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