CZ Responds to New Book Manuscript Being "Free Publicity," Namesake Meme Coin Freedom of Money Surges to $8 Million
On February 28th, GMGN monitoring (via
this link) reported that a meme coin on BSC surged over 5,000% in one hour.
It hit a peak market cap of $8 million, has since retraced to $5.5 million, and recorded a 24-hour trading volume of $8.8 million.
The rally was sparked by Binance founder CZ’s response to *The New York Times*, where he referenced “Freedom of Money” as his upcoming book’s title—providing free publicity for the draft and driving buzz around its impending release.
Notably, CZ later addressed a user’s question about whether the book’s Chinese title remains “Binance Life,” stating: “That’s the current plan, but subject to change.”
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Freedom of Money Surges Over 80x in 24 Hours, Market Cap Exceeds $8.8 Million
On February 28, data from GMGN (via https://gmgn.ai/bsc/token/i_m4TE56o8_0x3e17ee3b1895dd1a7cf993a89769c5e029584444) shows that the BSC memecoin *Freedom of Money* has reached a market capitalization of over $8.8 million. It is currently trading at approximately $0.003, up more than 80x in the past 24 hours, with a 24-hour trading volume of $7.4 million.
Earlier, CZ stated his autobiography *Freedom of Money* is set for imminent release. The title remains a draft and is subject to change. The current planned Chinese title is *Binance Life*, which is also open to modification.
BlockBeats reminds users that memecoins often lack practical use cases, carry significant price volatility, and investments should be approached with caution.
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「Strategy Countertrade」 Whale Opens $340M Leverage Short on BTC
On February 28, data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN) shows:
The "Strategy Whales" address (0x94d) opened a new 40x leveraged short position on BTC near ~$65,270 in early trading today, then added to the position again at 6:00 AM local time. As of now, its BTC short position totals $34.3 million, with an average entry price of $65,300, a liquidation price of $84,200, and a floating loss of ~$230,000 (-27%).
Additionally, this address is currently the largest short seller of both on-chain BTC and DASH. Its DASH short position has recently been cut by over half; the remaining position still holds a floating profit of $4.1 million (581%), with an average entry price of $71.3.
Notably, the address is known for building large short positions on major coins during periods when December-listed MicroStrategy (ticker: MSTR) was aggressively accumulating BTC. It favors contrarian trading over chasing rallies or selling into dips, profiting from sw
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CZ: The tentative Chinese title for the new book is still "CZ's Binance Story," but the right to change it is reserved
On February 28, Binance founder CZ (Changpeng Zhao) replied to a user who asked if the Chinese title of his upcoming book is still “CZ: Master of Coin.”
CZ stated: “That’s the current plan, but we reserve the right to change it.”
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Coinbase Policy Chief: Committed to Multiple Potential Compromise Solutions, Looking Forward to Agreement on Stablecoin Yield Issue
On February 28, Coinbase Chief Policy Officer Faryar Shirzad said Coinbase and CEO Brian Armstrong have been in negotiations for months and have proposed multiple potential compromise solutions. Coinbase has consistently prioritized safeguarding the GENIUS Act and the interests of ordinary Americans, and expressed appreciation for the work of Patrick Witt, Executive Director of the Digital Asset Advisory Committee, to advance resolution of the issue. The company looks forward to smoothly advancing the President’s crypto agenda.
Decrypt senior reporter Sander Lutz noted that the White House had initially aimed to strike a deal on stablecoin yields by this weekend. However, a banking industry source with direct involvement in the talks said the target “won’t be met.” Current tensions between the crypto industry and banking lobbying groups over whether stablecoins should earn yields remain substantial. This rift has emerged as a key barrier to advancing the crypto market structure bill,
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