Binance CEO Changpeng Zhao just said that a recent important crypto development would make sure to trigger massive bull runs. Check out the latest reports about this below.

Binance CEO addresses future bull runs

The chief executive of the world’s largest crypto exchange platform by volume stated the fact that a recent development within the field historically leads to bull runs.

Binance CEO Changpeng Zhao said the fact that China Central Television’s recent crypto-focused broadcast is a “big deal,” and has historically led to bull runs.

“CCTV (China Central Television) just broadcasted crypto. It’s a big deal. The Chinese speaking communities are buzzing. Historically, coverages like these led to bull runs.”

He continued and said the following:

“Not saying [the] past predicts the future. And not financial advice.”

The broadcast, which aired on May 23rd, addressed the securities regulators in Hong Kong creating a mandatory licensing system for digital asset providers.

In a recent statement, Julia Leung, the chief executive of Hong Kong’s Securities and Futures Commission (SFC), says that clear crypto guidelines will help the industry sustain itself as well as foster more innovation.

“Providing clear regulatory expectations is the key to fostering responsible development. Hong Kong’s comprehensive virtual assets regulatory framework follows the principle of ‘same business, same risks, same rules’ and aims to provide robust investor protection and manage key risks.”

He continued and said this:

This will enable the industry to develop sustainably and support innovation.”

Bitcoin new price prediction is out

Co-founder of the crypto analytics firm Glassnode has just said that a Bitcoin (BTC) bottom has formed, and this will be setting the stage for a big rally.

The pseudonymous crypto analyst Negentropic, one of Glassnode’s co-founders, said that two simple moving averages (SMAs) are showing a Bitcoin breakout is likely imminent. Check out our previous article in order to learn more details. 

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