Lookonchain APP

App Store

CZ: I feel fulfilled contributing to the world, and currently have the means to do what I want to do

2026.02.12 23:33:07

On February 12, Binance founder Changpeng Zhao (CZ) said during an AMA session: “I think people just tally up assets and funds and slap on the ‘richest person’ label. But what matters more to me is contributing to society and the world—that’s what actually makes me feel good. I don’t do this for other people—I do it for ‘selfish’ reasons. Doing things that have a positive impact on the world makes me feel good. Humans are wired genetically to want to help each other, to leave the world a little better than we found it, right? That’s why we want to make a positive contribution. When you do this, you get a really strong internal reward that makes you happy. That’s why I do it. Especially after going through what I did over the past two years, I now value the simple joys in life. I feel really lucky right now—I have enough resources to do impactful things, enough skills, a solid team, the funds to make things happen, and the time to put into it too. I’m not exactly young anymore, but I’m not old either—so I still have the ability to do this. At my age, few people get the luxury of doing what they actually want to do. And even when I’m not at the company, it’s been running smoothly for the past two or two and a half years, and that’ll keep going. This has given me the freedom to focus on other things.”
Relevant content

The probability of the Fed keeping interest rates unchanged in April is 99.5%

As of April 4th, CME’s FedWatch Tool shows the probability the Federal Reserve will hike rates by 25 basis points at its April meeting stands at 0.5%, with the odds of holding rates steady at 99.5%.

7 hours ago

U.S. Judge Denies Rehearing of Ruling on Fed Chair Powell Probe

April 4: A U.S. judge has denied a rehearing of a ruling involving Fed Chair Powell’s probe. (CNBC)

7 hours ago

Institution: US Labor Market Still Fragile, with a 40% Chance of Entering an Economic Recession

April 4th — EY-Parthenon Senior Economist Lydia Boussour noted Wednesday that while U.S. March employment data showed a strong rebound, the labor market remains fragile. Against a backdrop of policy uncertainty, businesses are growing more cautious: hiring intentions are cooling, and firms are increasingly prioritizing protecting profit margins by boosting productivity rather than expanding headcount. “Looking ahead, we anticipate the U.S. labor market will be largely frozen in 2026 — marked by selective hiring, muted wage growth, and strategic workforce adjustments amid a historically tight labor supply environment.” Boussour projects job growth will run slightly below the breakeven level, pushing the unemployment rate to gradually rise to around 4.7%. “With the Middle East conflict ongoing, downside risks remain dominant — and there’s a 40% probability of a U.S. economic recession,” she added. (Source: FX678)

7 hours ago

The current mainstream CEX, DEX funding rate indicates a weakening bearish sentiment in the market

On April 4, data from Coinglass shows that as Bitcoin trades within a narrow range, current funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate a slight easing of bearish sentiment in the market. Specific funding rate details are available in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset values. This mechanism facilitates fund transfers between long and short traders—exchanges do not collect the fee themselves. It adjusts the cost or profit of contract holders to maintain price parity between contracts and their underlying assets. A 0.01% funding rate acts as the baseline: rates above 0.01% signal generally bullish sentiment, while rates below 0.005% indicate a predominantly bearish outlook.

7 hours ago

In the past 24 hours, the entire network has seen $133 million in liquidations, with both longs and shorts getting liquidated.

On April 4th, per Coinglass data, total crypto liquidations across the network hit $133 million over the past 24 hours, with $77.83 million in long position liquidations and $54.89 million in short position liquidations.

7 hours ago

Federal Reserve's Daly: Fed Should Focus on Employment Rates, Not Jobs Data

**April 4th – Federal Reserve official Daly said the U.S. economy no longer needs to generate large numbers of jobs to keep the employment-population ratio steady. In this environment, monthly hiring figures no longer accurately reflect labor market health, and the unemployment rate is a more reliable measure.** **“Ratios and indicators like the employment-population ratio, unemployment rate, quit rate or hiring rate capture changes in workforce size, making them clearer reflections of labor market health,” she stated.** **Source: FX678**

7 hours ago