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Cryptoquant CEO expects the crypto market to soar with the return of Zhao Changpeng

ChainCatcher news, according to Bitcoin.com, the CEO of blockchain analytics firm Cryptoquant, Ki Young Ju, shared his predictions for the crypto market on the social media platform X on Friday. Ki Young Ju believes that the return of Binance founder and former CEO Changpeng Zhao after serving his sentence will have a ripple effect on the cryptocurrency market. Before Zhao was released from U.S. custody on Friday local time, he wrote: "Changpeng Zhao (CZ) is out early today------there's a bullish atmosphere everywhere. I don't know why, but I have this feeling too. He just needs to post 'I'm back' and the market will soar."In another post on X, Ki Young Ju discussed Zhao's influence in the cryptocurrency space, emphasizing that "outstanding figures like Zhao often become scapegoats when the industry fails to meet expectations." He commented, "Society always views the most influential figures as the culprits," while acknowledging that the industry's challenges are caused by multiple factors. He further pointed out that although the crypto market has absorbed massive capital, its intrinsic value has not increased correspondingly, attributing this disconnect largely to challenges such as crime and industry immaturity.Earlier news reported that former Binance leader and co-founder Changpeng Zhao (CZ) has been released, two days earlier than originally planned.

"Fortune": Zhao Changpeng will be released early on Friday, and he is expected to continue promoting the Giggle Academy project

ChainCatcher news, according to Fortune, Zhao Changpeng will be released early this Friday local time, two days ahead of his official release date, because if the release date falls on a weekend, prisoners are released early from detention. Zhao Changpeng's lawyer stated that Zhao does not wish to give interviews on the day of his release. However, the media has made some speculations about his next steps.Zhao Changpeng's first stop is likely to be Dubai or Paris, where his children live with their mother, He Yi. Additionally, the media expects that as Zhao Changpeng is released, more details about the Giggle Academy project he initiated before his imprisonment may emerge in the coming months. Besides family and charitable endeavors, the now-freed Zhao Changpeng may turn his attention to a third pursuit: the cryptocurrency industry, which has made him extremely wealthy and dominated the past decade.The "Giggle Academy" project aims to create free, fun, and easily accessible learning tools for impoverished children worldwide. However, to date, Giggle Academy only has a website that has posted a few job openings, but detailed information regarding the project's timeline, funding sources, and scale has not been disclosed. This may be related to Zhao Changpeng's recent legal troubles, and more specific details about Giggle Academy are expected to surface in the coming months.
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