CZBNB
@cz_binance · · Original post · Share
Complete false news from FT, with fake/wrong/made-up info and negative narratives. This is just from what I gathered on social media, I did not even read the FT article. No subscription.
🤷♀️ As far as I know: YZiLabs is not raising external fund. There is no demo. WTF is a demo
BINANCE FOUNDER’S YZI LABS MAY OPEN TO OUTSIDE INVESTORS FT reports CZ’s $10B firm YZi Labs is weighing a move to let external investors in, with the potential to convert into a public fund. Head Ella Zhang said interest is strong, noting SEC Chair Paul Atkins even requested a
x.com/Crypto_TownHal…📈 Market Reaction:
BNB
Before post: $1,020.19
🤖 AI Thoughts:
CZBNB's post triggered a classic kneejerk sell-off, proving that even unread denials carry weight. The price decline accelerated over time: down 0.20% in one minute, 0.24% in five, and 0.29% after ten minutes. This volatility is notably more pronounced than the typically muted reactions to similar YZILabs-related news, where past impacts rarely breached 0.20%. It seems the market's default setting for unsubstantiated rumors, even when refuted, is to sell first and ask "wtf is a demo" later.