Binance CEO Zhao brushes off $2.1 billion FTX clawback worries

Binance CEO Zhao brushes off .1 billion FTX clawback worries

Critical Details

Binance CEO Changpeng Zhao dismissed concerns over no matter whether Binance could manage a prospective $2.1 billion clawback of proceeds from an FTX divestment on an look with CNBC’s Squawk Box.
Zhao was an early investor in FTX and in disgraced founder Sam Bankman-Fried, but their romance experienced chilled as FTX obtained marketplace share and grew far more aggressive.
Binance divested its stake in FTX very well ahead of personal bankruptcy.

Source

Finance

Why Fed chief Powell’s rate cut signal lifted our non-tech stocks the most

August 23, 2025

It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson […]

Finance

This under-the-radar ETF trend may be flashing a warning signal for the market

August 23, 2025

ETF Edge This under-the-radar ETF trend may be flashing a warning signal for the market Published Sat, Aug 23 202511:00 AM EDT Anna Gleason@anna_gle WATCH LIVE Source

Finance

Here’s what current and former Fed officials are saying about Lisa Cook investigation

August 22, 2025

Key Points Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook. Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed […]