Binance CEO Changpeng Zhao, known as CZ, has seen his net worth rise to approximately $75.8 billion as the price of Binance Coin (BNB) reached a record high of $850.70. CZ owns about 64% of the circulating BNB supply, contributing to his wealth surge. This increase places CZ's net worth closer to that of Bitcoin creator Satoshi Nakamoto, whose estimated net worth is $129 billion. The cryptocurrency market experienced a broad rally with Bitcoin (BTC) reaching $119,000, Ethereum (ETH) touching $3,900, and several altcoins, including BNB, seeing significant gains. Institutional interest remains strong, with Bitcoin ETFs attracting $131 million and Ethereum ETFs $453 million in inflows. The surge in BNB's price is attributed to factors such as whale activity, token burns, and blockchain upgrades, which are reshaping the competitive landscape of the crypto market.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io