On Friday, Changpeng Zhao will step out onto the streets of Long Beach, California as a free man for the first time in months. Since April, Zhao—who everyone knows as “CZ”—has been in federal custody after agreeing to return to the U.S. from Dubai in order to serve a four-month sentence for failing to implement proper anti-money laundering controls at Binance, the giant crypto exchange he founded. During this time Zhao spent around two months at a minimum security prison in the California desert before being transferred to halfway house in Long Beach where, according to a prison official, he would have been able to make supervised excursions and even go to movies.

Now, Zhao will have many more options as he returns to society with a personal fortune of approximately $60 billion—the 25th biggest in the world—and his legal troubles behind him. Zhao did not immediately respond to a direct message inquiry about his plans, and his lawyer told Fortune that he did not wish to be interviewed on the day of his release. Nonetheless, it’s possible to make some informed guesses about his next moves.

On Friday, when he is freed two days ahead of his official release date (if a release date falls on a weekend, inmates leave custody early), he will likely get in a chauffeured car and be taken to a private jet in Long Beach or Los Angeles. His first stop is likely to be Dubai or Paris where his children live with their mother, He Ye, Zhao’s one-time romantic partner who is also a top executive at Binance.

In a 2023 interview with Fortune, Zhao reflected on his brilliant but aloof late father, and expressed concern he had inherited some of his neglectful traits. It is possible Zhao will decide post-prison to make up for lost time by spending more time with his family, including his sister, his son and his mother—all of whom testified to his character and stood by his side at his sentencing this spring.

Those endorsements from his family helped persuade the sentencing judge to accept what some view as a lenient five month sentence. So too did what the judge described as Zhao’s “extraordinary commitments and dedication to philanthropic activity across the planet.”

For now, it remains to be seen to what degree Zhao will turn those philanthropic commitments into concrete activities. Prior to his incarceration, he launched a project called Giggle Academy that pledges to create free, fun and easily accessible learning tools for children across the world.

“For the next chapter of my life, I want to provide opportunities for others, namely our youth. I’m building a platform to provide high-quality education for underprivileged kids, all around the world, for free,” Zhao said during his sentencing hearing.

For now, Giggle Academy appears to be little more than a website. The site includes several job listings that have been posted for months, but no information related to project timelines or the source and scope of its funding. This is perhaps unsurprising, though, given Zhao’s recent situation and it is possible more details about Giggle Academy will emerge in coming months.

In addition to his family and philanthropy, the now-free Zhao may turn his attention to a third pursuit: The cryptocurrency industry that made him immensely wealth and which he dominated for the better part of a decade.

On the crypto front, though, Zhao faces a major wrinkle: Under the terms of his criminal settlement, he was required to quit his post as CEO of Binance and stay away from any “day to day” activities involving the company. Meanwhile, the settlement also calls for Binance to accept two external monitors imposed by the U.S. government to ensure compliance.

Despite these apparent constraints, there is the reality that Binance no longer operates in the U.S. as it focuses on Asia and off-shore markets. And even if Zhao is no longer CEO, he remains the company’s largest shareholder, which should give him considerable influence on its future direction.

In response to a request for comment about Zhao’s release, a Binance spokesperson wrote: “We are delighted that CZ will be home with his family. While he is not managing or operating Binance, we are excited to see what he does next. Since last year, Binance has continued to thrive under the leadership of our current team, surpassing 229 million users globally.”

Finally, it’s worth noting that Zhao is only 47 years old—an age that is the prime of many executives’ careers, and one where many are just taking their first role as CEO. All of this suggests that Zhao is very much ready for a second act, and that his influence will be felt in crypto and business for years to come.

Forbes featured him as top 5 trader in the world...
here's his strategy, secrets and $BTC insides 🧵👇
But before I start...
I've put a lot of effort and time into this research and share a lot of alpha totally FREE. If you don't mind, please like and retweet the first tweet and FOLLOW me
the world of trading, few names resonate as powerfully as Kristjan Qullamaggie.
✜ This trading legend ranked in the TOP-15 in Sweden for highest earnings.
✜ His strategy and setups will bring life-changing results to any trader during this cycle.
Kristjan Qullamaggie is a Swedish swing trader who amazed the industry with his hard skills.
✜ He has made hundreds of millions of dollars actively trading based on his own strategy.
✜ His journey started back in 2011 with $5,000, which he managed to multiply many times over.
✜ In the last months of university, Kristjan began studying trading full-time, and as a result, he didn't complete his education.
✜ When he was just starting out and not making money from trading, he worked as a security guard in a shopping mall.
✜ The money from his job covered his basic needs.
✜ It took Kristjan 3-4 attempts to achieve success.
✜ He lost his first $5,000 and started his next attempts with $3,000-$4,000.
✜ After such a tough path to success, the trader developed his own strategy and concept, which I want to share with you.
POSITION SIZE & RISK
✜ According to Kristjan’s strategy, you should never hold more than 30% of your position overnight.
✜ Most likely, he leaves 10-20% of the position at most, and his risk is 0.25-1%.
✜ If your balance is less than $1M, Kristjan recommends increasing your risk to 0.5-1.5%
RISK REWARD
✜ The right strategy is not the one that brings you profit on every trade.
✜ Kristjan’s win rate is 30%, meaning that only 3 out of 10 trades will be profitable, but they will cover all losing trades.
✜ So, approach risk-reward properly and don't expect profits from every trade.
THE BREAKOUT TRADE

✜ Breakout trading is the most preferred strategy for Kristjan.
✜ Most price moves are step-like – they move from 20 to 50, consolidate, then trade sideways, followed by another move.
✜ More details on the strategy are explained in the video

POSITION MANAGEMENT
✜ From a trade management perspective, Kristjan suggests selling 1/3 to 1/5 of the position within 3-5 days of entering it and moving the stop to breakeven.
✜ The remaining part of the position should have a trailing stop managed by the 10-day or 20-day moving average.
✜ The position will be closed if the price drops below the moving average.
✜ FLAG BREAKOUT
✜ Kristjan’s second favorite strategy is the Flag Breakout.
✜ The principle is essentially the same – a long price increase followed by consolidation.
✜ After this consolidation, there’s a breakout, which Kristjan trades.
UNFOLLOW FROM BEARS
✜ People tend to react strongly and discuss only the potential bad outcomes, forgetting the good ones.
✜ Kristjan Qullamaggie started trading in May 2011, and since then, on a larger timeframe, the price has only been going up.
✜ Don’t give in to pressure, and pay less attention to the bears.
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RFK Jr: "I intend as President of the 🇺🇸 United States to order the DOJ and US Marshalls to transfer approx. 200,000 Bitcoin to the US Treasury, where it will be held as a strategic asset."

#Bitcoin_Coneference_2024 $BTC