Today, September 29, 2024, Changpeng Zhao (CZ), the founder and former CEO of Binance, was released from prison after four months of imprisonment. CZ was arrested for violations related to the exchange and money laundering charges through the platform. However, his early release two days before the official end of his sentence was an important event for the crypto community, as it is related to possible changes in the future of Binance.

The event also saw some important movement in the cryptocurrency market. Bitcoin rose above $66,000 after softer U.S. inflation data was released, sparking a wave of optimism among investors. The rise has fueled expectations that an “alt season” is imminent, with other cryptocurrencies set to begin a strong upward move.

In addition, it is worth paying attention to the recent hard forks in the BNB and EOS networks, which may have a long-term impact on their activity and development in the coming months. These events, together with the release of CZ, may create favorable conditions for the growth of the cryptocurrency market.