Binance co-founder Changpeng Zhao (CZ) was released from custody two days earlier than expected, leading to speculation about his potential impact on the cryptocurrency market.
The founder of CryptoQuant suggested that CZ’s early release could drive the market higher, stating that his return might trigger a surge in optimism.
CZ had served a four-month sentence for violating the Bank Secrecy Act. Despite his release, CZ remains barred from managing Binance, but his influence on the market remains strong.