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Despite legal setbacks, CZ continues to engage in crypto advisory roles, defending his reputation against Bloomberg’s renewed claims. Binance remains the top crypto exchange by volume, with BNB showing bullish technical patterns despite regulatory pressures. Following previous Crypto News Flash (CNF) report on the filing of Binance CEO defamation lawsuit against Bloomberg’s subsidiary in Hong Kong, Changpeng “CZ” Zhao is once again at the center of controversy, responding to renewed scrutiny from Bloomberg regarding his advisory roles in global crypto policy. Despite stepping down as Binance CEO in November 2023 after pleading guilty to U.S. money laundering charges and serving a four-month sentence in 2024, CZ remains active in shaping digital asset regulations worldwide. In his recent tweet, he pointed out that: Instead of writing an issue with evidence, they pick a person and write fictional attacks with zero evidence. I heard that Bloomberg may cancel its entire investigative journalism division soon, due to its low ethical standards. Beforehand, in recent months, CZ has advised governments in Kyrgyzstan, Pakistan, and Malaysia on developing crypto-friendly frameworks. His meeting with Malaysia’s Prime Minister to discuss the country’s potential as a crypto hub was notably highlighted in a Bloomberg article. The publication emphasized his past legal issues, questioning the appropriateness of his involvement in regulatory matters. CZ criticized Bloomberg for what he perceives as a pattern of misrepresentation, stating that his comments were taken out of context to sensationalize the story. In addition to CNF updates earlier, BNB price was reported to have surged, and it was spotted that two bullish patterns in the BNB price chart have tipped the asset to hit $1,500 this year. According to reports, despite the controversies surrounding its founder, Binance continues to thrive. The exchange remains the largest by daily trading volume, and its native token, BNB, has shown resilience in the market. To this end, the broader cryptocurrency market also shows signs of recovery, with Ethereum experiencing a 11.75% surge over the past week, reaching $1,771. This positive momentum indicates growing investor confidence, even as regulatory challenges persist, according to Binance. At the time of writing, Binance Coin (BNB) is trading at approximately $605.75 USD, reflecting an increase of 1.41% in the past day and 2.65% in the past week, according to Coin Market Cap data. See BNB price chart below.

People are playing more web3 games now as compared to 2021, when web3 gaming was the buzzword. Web3 games adoption is reaching new heights with big publishers like Ubisoft entering the space, and games like Off the Grid becoming major mainstream successes. It's just that the market has never realised the growth of web gaming within the token ecosystem. Web3 gaming tokens are still bleeding, waiting for their return — and they may never return, despite games gaining more adoption. The tokens’ relation with these games also raises a question: do we really need to make tokens tradable when most of them are supposed to go to zero due to limited demand and liquidity? It's just better to tokenise points and build an economy around it — one that would eventually reward gamers within the game to support their overall journey, rather than forcing them into speculative trading of tokens. Skins could definitely be replaced with NFTs, and I’m sure there would be a market for that. We've already seen good traction with in-game items and skins in games like Big Time, so it makes total sense in that way. For web3 gaming tokens, the only long-term usage that’s been seen is when you have an infrastructure powered by the token — where everything happening on the infra side is governed by the token, and all onchain activities are charged against the token, collecting revenue with growing adoption, which you could decide to share with token holders.

TL;DR Ethereum (ETH) has witnessed evident progress in the past week, with its price rising by roughly 10%. It briefly surpassed $1,800 on April 23 before retracing to the current $1,750. Some market observers think the asset has yet to unleash its full potential, envisioning high targets for the near future. The X user Ted noted Ethereum’s active addresses have increased by 10% in the span of 48 hours. Having that said, he assumed that ETH could be gearing up for an “epic revenge rally.” The crypto trader, using the X moniker Christiaan, also weighed in. He explored the recent price fluctuations of the asset to suggest that the price may soon soar beyond $2,000. Gert van Lagen is among the biggest optimists. The technical analyst claimed that “a huge 4-year inverse head and should” is in play, meaning that the next move could be a gigantic surge to a new peak of approximately $20,000. “Loads of retail have been shaken out the Right Shoulder,” he added. Contrary to the bullish predictions mentioned above, certain metrics signal that the second-largest cryptocurrency might be poised for a pullback. ETH’s exchange netflow, for instance, has been positive in the past month. This reflects a shift toward centralized trading platforms, which can result in increased selling activity in the short term. We’re moving on to the recent net inflows into spot ETH ETFs. Data compiled by SoSoValue shows that the figure has rarely been above zero in the last couple of weeks. A substantial green candle was observed on April 22, but on many other occasions, the inflows were negative. In simpler words, this means more money was withdrawn from the ETFs than added, signaling uncertainty among institutional investors. Lastly, let’s examine ETH’s Relative Strength Index (RSI). The metric measures the speed and magnitude of the latest price changes and helps traders assess point reversals. A ratio above 70 is considered bearish, suggesting ETH has entered overbought territory and could be headed for a correction. Earlier today (April 24), the RSI was hovering above that zone, currently set at around 65.

A week ago, Base—the Ethereum L2 backed by Coinbase —unleashed a new narrative: “Coin Everything.” ZORA was one of the first tokens promoted under this banner, and excitement surged as Base’s official account tweeted about it. But behind the hype was a much messier story—one of shady on-chain behavior, zero communication, and rising distrust. Even before Base officially tweeted about ZORA , wallets had already begun buying in. These were not random wallets either—they were likely connected to insiders or entities with advance notice. As soon as the tweet dropped, the price briefly pumped, only to crash immediately after launch, catching retail traders off guard. But this wasn’t just a pump-and-dump—it was part of a larger plan. Shortly after the chaos, ZORA officially announced their token launch . Once again, Base heavily promoted it—but curiously, never disclosed they had invested in the project. That silence didn’t sit well with the community, and the lack of transparency became a key point of contention. Questions swirled: Was Base just hyping a token they were financially tied to, without disclosure? Even as doubts grew, several prominent influencers continued to promote ZORA, driving its narrative forward. This raised even more suspicions, especially when rumors surfaced that some may have been paid by ZORA to keep the hype alive. At this point, red flags were everywhere. Then came the reveal of ZORA’s tokenomics—and it only got worse. An alarming 65% of the total supply was allocated to the team and Coinbase Ventures . Community allocation? Minimal. This structure painted a clear picture: insiders held the power, and retail was just exit liquidity. Blockchain sleuths soon found that 1.8 billion tokens had already been sent to team-linked wallets a month before the TGE. Some of these tokens are idle but some are already on exchanges like: Other wallets holding 100M+ ZORA tokens include: This movement hinted at a premeditated dump strategy—one that left regular users holding the bag. Then, the strangest thing happened—users began receiving ZORA airdrops without warning. Some had never used the platform directly, suggesting a mass blanket airdrop to inflate engagement numbers. But with no official claim site, no announcement, and no communication, the airdrop only added to the confusion. Worst of all, early holders saw their bags dumped on almost immediately by larger investors. ZORA is bleeding, with the token price rapidly collapsing. Meanwhile, neither Base nor ZORA has made any official statements addressing the controversies. No support. No clarity. Just confusion and frustration across the board. ZORA was supposed to represent the next chapter in Base’s ambitious “Coin Everything” vision. Instead, it’s become a case study in how not to launch a token. From early insider buys and silent paid promotions, to team-heavy tokenomics, mysterious airdrops, and zero transparency, $ZORA has sparked a serious backlash. For now, retail investors are left asking: Did we just witness the fastest rug on Base? And most importantly: Will there be accountability—or just more silence? A week ago, Base—the Ethereum L2 backed by Coinbase —unleashed a new narrative: “Coin Everything.” ZORA was one of the first tokens promoted under this banner, and excitement surged as Base’s official account tweeted about it. But behind the hype was a much messier story—one of shady on-chain behavior, zero communication, and rising distrust. Even before Base officially tweeted about ZORA , wallets had already begun buying in. These were not random wallets either—they were likely connected to insiders or entities with advance notice. As soon as the tweet dropped, the price briefly pumped, only to crash immediately after launch, catching retail traders off guard. But this wasn’t just a pump-and-dump—it was part of a larger plan. Shortly after the chaos, ZORA officially announced their token launch . Once again, Base heavily promoted it—but curiously, never disclosed they had invested in the project. That silence didn’t sit well with the community, and the lack of transparency became a key point of contention. Questions swirled: Was Base just hyping a token they were financially tied to, without disclosure? Even as doubts grew, several prominent influencers continued to promote ZORA, driving its narrative forward. This raised even more suspicions, especially when rumors surfaced that some may have been paid by ZORA to keep the hype alive. At this point, red flags were everywhere. Then came the reveal of ZORA’s tokenomics—and it only got worse. An alarming 65% of the total supply was allocated to the team and Coinbase Ventures . Community allocation? Minimal. This structure painted a clear picture: insiders held the power, and retail was just exit liquidity. Blockchain sleuths soon found that 1.8 billion tokens had already been sent to team-linked wallets a month before the TGE. Some of these tokens are idle but some are already on exchanges like: Other wallets holding 100M+ ZORA tokens include: This movement hinted at a premeditated dump strategy—one that left regular users holding the bag. Then, the strangest thing happened—users began receiving ZORA airdrops without warning. Some had never used the platform directly, suggesting a mass blanket airdrop to inflate engagement numbers. But with no official claim site, no announcement, and no communication, the airdrop only added to the confusion. Worst of all, early holders saw their bags dumped on almost immediately by larger investors. ZORA is bleeding, with the token price rapidly collapsing. Meanwhile, neither Base nor ZORA has made any official statements addressing the controversies. No support. No clarity. Just confusion and frustration across the board. ZORA was supposed to represent the next chapter in Base’s ambitious “Coin Everything” vision. Instead, it’s become a case study in how not to launch a token. From early insider buys and silent paid promotions, to team-heavy tokenomics, mysterious airdrops, and zero transparency, $ZORA has sparked a serious backlash. For now, retail investors are left asking: Did we just witness the fastest rug on Base? And most importantly: Will there be accountability—or just more silence?

Holders of “projects” that have zero actual utility, zero actual revenue, and zero actual purpose still trying to figure out what this whole “fee distribution” thing is that $CRV lockers have been enjoying for years now 🤔