Binance names co-founder Yi He co-CEO alongside Richard Teng

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 Yi He as co-CEO, a move that coincides with Donald Trump's pardon of Changpeng Zhao, raising questions about Zhao's control over the company amid his three-year management ban by U.S. authorities.

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.

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.

Bitcoin treasury companies have significantly increased their holdings, now controlling approximately 5% of the total Bitcoin supply, with Strategy leading the way by holding 650,000 BTC. Despite market fluctuations, these companies, including Metaplanet and MARA, continue to accumulate Bitcoin, indicating a strong belief in its long-term value.