Thursday, June 1, 2023
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Why the CEO of the world’s largest crypto exchange backed Musk’s Twitter buyout • TechCrunch

Binance’s CEO and founder, Changpeng Zhao, made headlines outdoors his typical wheelhouse of web3 as an investor in Elon Musk’s Twitter buyout. Zhao, who put in $500 million, told an audience at Web Summit in Lisbon, Portugal this week that he would think about becoming a member of the social media firm’s board if Musk requested him to take action.

However why is he desperate to get entangled with the messy strategy of operating of a social media firm when that seemingly has little to do with crypto, Binance’s core enterprise? Primarily, what’s in it for the trade?

We tried to reply that query on this Thursday’s episode of Chain Response, the place we unpack and clarify the newest in crypto information, drama and developments, breaking issues down block by block for the crypto curious.

You’ll be able to take heed to the complete episode under:

On this episode, we additionally talked about:

Talking of Zhao, he is without doubt one of the audio system set to hitch us at our upcoming crypto event in Miami on November seventeenth, and we’ll remember to ask him about his plans for Twitter. Should you’re all for listening to extra, you need to use the promo code REACT for 15% off a Common Admission ticket to the occasion.
Chain Response comes out each Tuesday and Thursday at 12:00 p.m. PT, so remember to subscribe to us on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the motion.

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