Binance co-CEO move revives questions over Changpeng Zhao’s control

Binance has appointed Yi He as co-CEO alongside Richard Teng, a strategic move aimed at strengthening its leadership team as the company navigates a rapidly evolving cryptocurrency landscape. This appointment highlights Yi He's significant role within the company, reflecting her influence in the sector.

Bitcoin has reclaimed the $93,000 level following a significant market rebound, indicating a positive shift in sentiment after weeks of bearish pressure and selloffs. Analysts are cautiously optimistic as new data suggests improvements in market conditions, particularly with the Coinbase premium turning positive after being in the red for several weeks.

Yi He has been appointed as co-CEO of Binance, joining Richard Teng to lead the company's global growth and innovation strategy. This leadership change is part of Binance's efforts to adapt to the evolving cryptocurrency landscape and enhance its operational capabilities.

Binance has launched a new Junior app designed to facilitate supervised cryptocurrency use among minors, generating mixed reactions regarding the appropriateness of introducing children to the crypto market. Critics express concerns about targeting young users, while supporters highlight the potential for early financial education.

Binance has appointed co-founder Yi He as co-CEO alongside Richard Teng, a move aimed at strengthening its leadership team as the company seeks to expand its regulated global presence. This decision reflects Binance's commitment to adapting to the evolving landscape of the cryptocurrency market.

Yi He has been appointed as co-CEO of Binance, a significant move that positions her as one of the most influential figures in the cryptocurrency sector. This appointment comes as Binance seeks to strengthen its leadership team alongside Richard Teng, reflecting the company's commitment to expanding its global presence in a regulated environment.

South Korea has seen the emergence of two new crypto billionaires, Song Chi-hyung and Kim Hyoung-nyon, co-founders of Dunamu Inc., following their agreement to sell the company to Naver Financial for $10.3 billion. This sale marks a significant milestone in the South Korean cryptocurrency landscape, placing them alongside notable figures like Changpeng Zhao and Justin Sun.

Ethereum's open interest has plummeted by 51%, dropping from an all-time high of $12.6 billion to $6.2 billion, as nearly $6.4 billion in derivative positions have vanished. This decline follows a significant drop in Ethereum's price, which has fallen below the $2,800 mark, causing heightened panic among investors and raising concerns about a potential bear market.