CZ Exclusive Interview: Committed to Promoting the U.S. as a Cryptocurrency Capital, Hopes Binance.US Can Access Liquidity from Binance’s Main Platform
Binance founder CZ recently sat down for an exclusive interview with CoinDesk, sharing his views on a range of topics. CZ attributed the 2026 crypto bear market to the convergence of three factors: capital flowing into the AI sector, geopolitical tensions, and the four-year crypto market cycle pattern. Regarding Binance.US’s strategy, CZ said he wants the platform to access Binance Global’s liquidity to boost its competitiveness in the U.S. market. He also revealed that while his recent trip to Washington D.C. was aimed at clarifying "misunderstandings" about himself and Binance, he believes his guilty plea for violating banking secrecy laws did not harm his business reputation. CZ made it clear that he will not retake the helm of a crypto trading platform, and prefers to participate in the operations of his portfolio companies as an informal advisor. On crypto regulatory legislation, negotiations on the U.S. Clarity Act are still ongoing, but disagreements over core ethical provisions remain unresolved, and any deal will require presidential signature and endorsement. The Senate has only 20 working days left before September 1, narrowing the legislative window further.
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South Korean stock markets opened lower, with the KOSPI index falling as much as 2.00% at the start of trading.
According to Bitget's market data, South Korea's KOSPI index opened 96.52 points lower on Monday, June 29, and has since extended its decline to 2.00%.
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Loopring DEX announces permanent closure effective immediately, and will directly refund all assets to users.
Ethereum’s first zkRollup project Loopring announced on June 28 that its decentralized exchange will halt all trading services effective immediately, with its relays also being taken offline. The platform has prioritized user asset security, promising to cover all gas fees and directly transfer assets to users’ Layer 1 (L1) wallet addresses, eliminating the need for users to submit on-chain proofs on their own.
Regarding the closure reason, the team acknowledged the project never gained meaningful market adoption: early zkRollup architecture lacked virtual machine support and suffered from insufficient composability. The team also noted it is more adept at technical development than business operations, compounded by LRC being delisted en masse from major exchanges in 2026 and competitive pressure from modern zkEVM solutions, leading to the decision to exit gracefully.
For the refund process, the team will shortly publish a final user balance list, providing a two-week verification window before initiating bulk asset distributions. Accounts with total balances under $10 will be excluded from refunds.
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Key events to watch this week: US non-farm payrolls, a meeting of four major central banks, and technical talks between the US and Iran.
This week, global markets are laser-focused on key events. On Wednesday, the heads of the Federal Reserve, Bank of England, Bank of Canada, and European Central Bank (ECB) will deliver joint remarks at the ECB’s Sintra Forum, with markets closely monitoring policy signals. On Thursday, the U.S. June nonfarm payrolls and unemployment rate data—this period’s most high-impact economic indicator—will be released. In tech and industry, Samsung Group and SK Group are set to announce a plan totaling up to 2,000 trillion won (approx. $1.3 trillion) in investments over the next decade. On Wednesday, the semiconductor and electronic components supply chain is experiencing a price surge, and the Davos Tech Summit will open the same day. Other key schedules: On Tuesday, ECB President Christine Lagarde will speak, Nike will release its earnings report, and Iran and the U.S. will hold technical talks. On Wednesday, both the Toronto Stock Exchange and Hong Kong Exchanges and Clearing will be closed for the day. On Friday, U.S. stock markets will be closed for Independence Day, Bank of England Governor Andrew Bailey will address fiscal and monetary policy coordination, and China’s refined oil products will enter a new pricing adjustment window.
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Samsung and SK Group are expected to announce an investment plan worth up to 2,000 trillion won.
According to a Monday report by South Korea’s Maeil Business Newspaper, as part of President Lee Jae-myung’s flagship industrial strategy, Samsung Group and SK Group are set to announce a plan to invest a total of up to 2,000 trillion won (equivalent to approximately $1.3 trillion) over the next decade. The report noted that Samsung and SK Hynix will each build 4 to 5 semiconductor plants in the Gwangju region. It added that Samsung also plans to construct a chip packaging plant in South Chungcheong Province, while SK Hynix will expand its NAND flash memory facilities in North Chungcheong Province.
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