Investment
Features
FeesSafety
Academy
More
Pluang+

Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Market News
16 Aug 2026
Blockonomi
View Source
Neutral
Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Binance co-founder Changpeng Zhao (CZ) is retiring his public crypto wallet due to excessive unsolicited token deposits, mainly meme coins, which made managing his BNB holdings difficult. After publicly sharing the wallet address in 2025, it received over $1 million in unwanted tokens, complicating routine account management and attracting constant public attention during cleanup efforts. CZ burned $1.6 million worth of third-party tokens in July 2026 and plans to donate the remaining $960,000 in BNB and BinanceLife tokens to Giggle Academy, a nonprofit he founded, before abandoning the wallet. This move ends a year-long issue caused by the permissionless blockchain environment that allows anyone to send tokens to public addresses without approval.

More News (BNB)

Bitcoin could hit $400,000 by 2030, says Coinbase CEO, citing market cycles and upcoming catalysts.

Bitcoin could hit $400,000 by 2030, says Coinbase CEO, citing market cycles and upcoming catalysts.

Coinbase CEO Brian Armstrong predicts Bitcoin may reach $400,000 by 2030, a 420% increase from current levels, based on its four-year cycle pattern and recent market bottom. Key upcoming events like the CLARITY Act vote and the next Bitcoin halving s...

Market News
Bullish
7 hours ago
BNB falls 6% in two days amid inflation fears and rate hike concerns, testing $700 support level.

BNB falls 6% in two days amid inflation fears and rate hike concerns, testing $700 support level.

BNB's price dropped about 6% over two sessions, falling from around $757 to near $710 due to inflation worries and potential Federal Reserve rate hikes. The broader crypto market also declined, with Bitcoin and Ethereum down 2.5% and 3% respectively....

Market News
Bearish
20 hours ago
Binance to delist Pax Dollar (USDP) stablecoin, ending trading and withdrawals by Nov 24, 2026

Binance to delist Pax Dollar (USDP) stablecoin, ending trading and withdrawals by Nov 24, 2026

Binance announced it will remove the Pax Dollar (USDP) stablecoin from its platform, ending all related services in stages starting September 11, 2026, with full withdrawal access ending November 24, 2026. European Economic Area (EEA) users have alre...

Market News
Bearish
20 hours ago
Cryptocurrency prices mostly fall, with Bitcoin down 2% and Ethereum down 1.66%.

Cryptocurrency prices mostly fall, with Bitcoin down 2% and Ethereum down 1.66%.

Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.03% to $77,737 and Ethereum falling 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin also experienced significant decrease...

Market News
Bearish
1 day ago
Binance to delist USDP stablecoin from spot trading on Sept 24, with withdrawals open until Nov 24.

Binance to delist USDP stablecoin from spot trading on Sept 24, with withdrawals open until Nov 24.

Binance announced it will delist the Pax Dollar (USDP) stablecoin from spot trading starting September 24, automatically canceling all pending orders and ending margin, lending, payments, and other services on staggered dates before then. Withdrawals...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App