GM Explorer,

Guess who's back in action?

Changpeng “CZ” Zhao, former CEO of Binance, recently broke his silence just seven hours after getting out of prison, and he’s letting us in on what’s next for him.

Here’s what we got for you today:

• 📑 Changpeng Zhao's post-prison plans!

• 😱 Solana's sturdy reputation gets a shake-up!

• 🧱 Around The Block: FTX payout plan last-minute changes leave creditors feeling ‘scammed twice’

📑 Changpeng Zhao's Post-Prison Plans!

After serving four months for money laundering charges, Changpeng “CZ” Zhao, former CEO of Binance, has made his first public statement.

He dropped a tweet on X just seven hours after his release from prison!

In that tweet, he reflected on the simple joys of post-prison life—like food tasting so good and eating more than one piece of fruit per day.

He also expressed gratitude for support during what he described as his darkest moments.

However, he says to “Let him chill for a bit " about any questions we may have for him as he doesn't have all the answers right now.

But, excitingly, his tweet gave updates about what was next for him.

He shared plans to continue investing in blockchain/decentralized technologies, AI, and biotech as a long-term investor who cares about impact, not returns.

Education and charity work are also in the books for CZ.

Giggle Academy, his nonprofit online education platform, will become a big part of his life for the next few years – so he says.

He’s also still working on his book, which is about two-thirds done, but he plans to finish it.

And what about Binance, you ask? CZ may have stepped down as CEO, but he's thrilled to see the company thriving without him at the helm.

Read more details here!

😱 Solana's Sturdy Reputation Gets a Shake-Up!

Things are looking a bit dicey for Solana, guys!

Okay, maybe not just a bit; we could be looking at a situation that might send the entire network into a downward spiral!

So, what's the deal?

Well, it all started when a Reddit user dropped a bombshell by sharing a screenshot showing bots repeatedly buying tiny fractions of SOL —specifically, 0.0001 SOL—over and over again!

I know, right? It's got the whole crypto community buzzing!

For those who might not know, Solana has been renowned for its super-fast transaction speeds and cost efficiency, boasting of a solid user base of around 5 million daily active users.

But now, with this new revelation, people are questioning whether these bots have a hand in inflating Solana's user count.

Some Cardano supporters even took the opportunity to aim some serious shots at Solana.

However, despite these accusations backed by clear evidence, the network is not left without any defense.

In fact, Solana supporters quickly came to the network’s defense, describing these bots as mere “bump bots” meant to keep decentralized exchanges trending.

They argue that no other blockchain, including Cardano, could manage 5 million transactions per day as Solana does.

Essentially, it became a really interesting and hilarious back-and-forth between the two network supporters.

But here's the thing: while SOL is currently trading at around $158 (marking a solid 9% increase over the past week), the market is still feeling a bit shaky as some experts see the potential for a short-term volatility ahead.

And the bot allegations in the air?

Well, it's really not helping matters at all. I mean, we all know how rumors and accusations can make or break businesses fast, especially when netizens are involved.

But if Solana is able to address these concerns, then SOL could not only stabilize but could also reach new heights.

For traders, it’ll be wise to keep a close eye on market trends and the latest developments, as the dynamics surrounding Solana could shift in an instant.

After all, this is the unpredictable world of crypto, where changes can happen in the blink of an eye!

To learn more, you can click here!

🧱 Around The Block

• FTX payout plan last-minute changes leave creditors feeling ‘scammed twice’

• BlackRock's spot Ethereum ETF surpasses $1 billion in value for the first time.

• October token unlocks -$3.42 Billion set to hit the market.

• BlackRock promotes Bitcoin as a “unique diversifier.”

• ‘$16 Trillion by 2030’—BlackRock is quietly backing a radical new U.S. dollar rival amid a Bitcoin and crypto price boom.

• Fake crypto wallet on Google Play steals $70,000 in digital assets after being downloaded 10,000 times.

• Crypto scammer swindles more than $1 million from Bay Area woman.

• Crypto hacks surge to $2.1 billion in 2024, and CeFi takes the biggest hit.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.