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Binance's CZ supports XRP, Solana amid China's crypto crackdown on Solana's Shanghai event.

Market News
18 Oct 2026
Zycrypto
View Source
Neutral
Binance's CZ supports XRP, Solana amid China's crypto crackdown on Solana's Shanghai event.

Binance co-founder Changpeng Zhao expressed support for various cryptocurrencies including XRP, Solana, and Zcash, despite regulatory challenges in China. Solana's recent attempt to expand in Shanghai faced a setback when its community event was postponed and its advertisement was swiftly removed by authorities. This incident highlights China's strict stance on crypto activities, even as projects try to gain a foothold. CZ denied that his public support triggered the crackdown, noting the ad removal happened quickly and he was informed later.

XRP trades at Rp23.236 on Pluang, down 0.24% as of Oct 18, 2026 19:31 WIB. Solana is priced at Rp1.865.938, down 0.15%, while Zcash fell 3.59% to Rp20.157.801. Binance Coin, linked to Changpeng Zhao, gained 0.21% to Rp12.922.283, showing mixed market reactions to Zhao's support amid regulatory challenges.

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