
Changpeng Zhao, the founder of Binance, has returned to the crypto landscape with a $16 million investment in Sign, a startup focused on enhancing the transparency of token airdrops through on-chain ID verification. This investment marks the first major move from Zhao after his release from prison. The crypto market is currently facing challenges with over 1 million new tokens being released weekly, leading to increased incidents of bots and scams. In addition, Binance is set to launch the VVVUSDT perpetual contract with up to 25x leverage on January 29, 2025, at 08:15 UTC, despite ongoing controversies surrounding insider trading related to the project. The launch of this futures trading is part of Binance's strategy to adapt to market demands and trends, as indicated by Zhao's recent comments on the company's operational focus.







Ex-Binance CEO’s YZi Labs invests $16m in token platform https://t.co/ZJN2hOO18L
🔥 NEW: Binance founder CZ shared key insights in an interview with Colin Wu: • Binance’s success is driven by tech experience, a strong team, and fast user support. • Challenges include asset security, scalability, and listing small tokens. • Solana’s meme token boom… https://t.co/G4p3Hqasp1
Sign is excited to announce a $16M series A, led by YZi Labs @BinanceLabs. https://t.co/YAJ1Byvcu8