Former Binance CEO Changpeng Zhao (CZ), who is worth about $70 billion, announced that Binance Labs will be renamed YZi Labs and transformed into a family office. It is reported that YZi Labs currently manages about $10 billion in crypto-related assets. Former Binance Labs founding head Ella Zhang will return to manage the agency. In addition, YZi Labs will also manage the assets of Binance co-founder Yi He.
US Treasury issued $70 billion five-year Treasury bonds, winning the bidding yield at 3.645%, slightly higher than the pre-issue trading level of 3.642% at the deadline of 1:00 pm EST, still the lowest result since April 2023. The US bond market did not respond much to the bid result. The 5-year yield still rose by about 1.5 basis points during the day, and the 5s30s spread was basically flat at about 46 basis points. The proportion of primary dealers allocated was 13.2%, slightly lower than the...
Data show that Solana (SOL) market value has returned above $70 billion, currently touching about $70.98 billion. SOL is now reported at $152.9, an increase of 4.8% in the day, the market is volatile, please do a good job of risk control.