Binance founder CZ to be released from jail on Sept. 29, expected to boost crypto market.

From Investing.com

September 23, 2024 4:00:23 pm:

1. Binance founder Changpeng Zhao (CZ) is set to be released from prison on Sept. 29, expected to boost “Uptober” growth in the crypto market. October and November historically perform well, with a Santa Claus rally in December.

2. The Federal Reserve’s interest rate increase last week accelerated both Bitcoin and the stock market. CZ had stepped down as Binance CEO and agreed to pay a hefty fine for violating U.S. securities laws.

3. Binance’s new CEO, Richard Teng, confirmed CZ’s lifetime ban from running the exchange. CZ expressed interest in crypto integration in biotech and launched Giggle Academy to educate underprivileged children for free.

4. CZ revealed plans to write a book during his prison term, stating his intention to stay active in the crypto space as an investor. His release could impact market trends and investor sentiment moving forward.

Read more at Investing.com: Binance Founder CZ to Be Released From Jail This Week – Will Bitcoin Price Surge? By U.Today