CZ: Not Running an Exchange Now, BNB Chain is Developing a New Version that is Faster, Cheaper, and More Privacy-Focused
**June 20: CZ’s Galaxy Brains Podcast Insights on BNB Chain, RWAs, and Crypto’s Next Era**
Binance founder Changpeng Zhao (CZ) joined the Galaxy Brains podcast on June 20, sitting for an interview with Galaxy Research Director Alex Thorn. CZ shared that he’s shifted away from running Binance’s daily operations, a change that’s given him more time to connect with developers—an area he’s eager to focus on, especially as BNB Chain advances new features.
He revealed the BNB Chain is currently being upgraded to its next major version, with plans to make it faster, cheaper, and enhanced with stronger privacy controls. For blockchain developers, CZ offered a key piece of advice: avoid launching large, system-altering upgrades during bull markets; instead, target significant updates during quieter bear market periods.
On real-world assets (RWAs), CZ admitted he was skeptical of their viability a year to 18 months ago, questioning whether they’d ever gain meaningful trading traction or
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Israel Begins Airstrikes on Eastern Lebanon
June 20 — Lebanon says Israel has launched airstrikes on Lebanon’s eastern West Bekaa area, according to Middle Eastern media outlets including Al Jazeera and Al Arabiya. The development follows heavy shelling Israel carried out on multiple areas in southern Lebanon earlier, which resulted in casualties, FXStreet reports.
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CZ: If Satoshi's address remains inactive after the Bitcoin quantum upgrade, the related BTC should be frozen
On June 20th, Binance founder CZ (Changpeng Zhao) joined the Galaxy Brains podcast for an interview with Galaxy Research head Alex Thorn, covering key topics like quantum computing risks to Bitcoin and Satoshi Nakamoto’s undisclosed BTC holdings.
CZ stated quantum computing isn’t an unsolvable problem for Bitcoin, citing existing post-quantum cryptographic algorithms—though he emphasized community-coordinated upgrades are critical to addressing the issue.
Regarding BTC linked to Satoshi Nakamoto, CZ labeled "doing nothing" a poor choice. His proposal: If Bitcoin forks to a new cryptographic scheme in the future, the community could offer a 6 to 12-month transition window. Should those Satoshi-linked coins stay untouched, the new protocol should freeze the associated addresses, taking roughly 1 million BTC out of circulation.
He warned inaction would eventually let anyone with a functional quantum computer crack those addresses and seize the funds—an unfair distribution outcome
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CZ: Cryptocurrency Market Still in Normal Four-Year Cycle, Cycle Low Continuing to Rise
On June 20, Binance founder CZ joined the Galaxy Brains podcast for an interview with Galaxy Research Director Alex Thorn. CZ explained the current crypto market pullback is still part of the normal four-year cycle: this round’s roughly 50% retracement is typical, as prior cycles saw 80% drops. He added that compared to the last cycle’s low, Bitcoin remains up about five times, and over the long term, each cycle hits a higher peak than the previous. When talking about his stance on the industry, CZ said he’s maintaining long-term positions, stating: “Crypto has no exit for me.”
One major difference between this cycle and 2022 or 2018 is the 180-degree shift in the U.S. government’s attitude toward crypto. Four years ago, the U.S. took a suppressive approach to the industry; today, however, it’s pushing for crypto regulatory frameworks and holding related discussions—trends that are leading other countries to follow. CZ also highlighted ETFs, stablecoins, RWAs, and increased institutio
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If Bitcoin surpasses $65,000, the mainstream CEX total short liquidation volume will reach $454 million.
June 20th: Data from Coinglass shows that if Bitcoin breaks above $65,000, the total value of short positions liquidated across major centralized exchanges (CEXs) will reach $454 million. Conversely, if Bitcoin drops below $62,000, cumulative long position liquidations on leading CEXs will hit $581 million.
BlockBeats notes: The liquidation chart does not display exact numbers for contracts awaiting or currently being liquidated. The bars on the chart represent the relative intensity of each liquidation cluster compared to adjacent clusters, not precise liquidation values. A taller "liquidation bar" indicates that a price hitting that level will trigger a more intense reaction driven by a liquidity cascade.
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Crypto Market Sees Minor Rebound, Funding Rates Indicate BTC and ETH Still in Bearish Territory
June 20: According to HTX market data, Bitcoin is currently trading at $63,671.32, with a 1.60% increase over the past 24 hours. Ethereum is priced at $1,723.81, marking a 1.64% 24-hour gain. The crypto market has seen a minor rebound, but funding rates signal both BTC and ETH remain in bearish territory. For Bitcoin, funding rates across all platforms are fully below the threshold, with half now turning negative—meaning the recent price uptick hasn’t driven a corresponding boost in bullish sentiment. Ethereum’s overall funding rate is also stuck in bearish levels, though most of its rates stay positive, with sentiment slightly stronger than BTC’s.
BlockBeats Note: Funding rates are fees set by cryptocurrency exchanges to keep perpetual contract prices aligned with their underlying asset prices. This is a fund swap mechanism between long and short traders; platforms do not collect these fees directly. The rate adjusts the costs or profits for traders holding contracts to ensure contra
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