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Forbes: CZ's Wealth Reaches $110 Billion, Surpassing Bill Gates

2026.03.11 08:17:21

**March 11: Forbes’ Latest Billionaire List Puts CZ’s Net Worth at $110B (Up $47B YoY), Ranked 17th Globally—Surpassing Bill Gates** Forbes’ latest global billionaire ranking, released March 11, shows Changpeng Zhao (CZ) has seen his personal net worth climb to approximately $110 billion—an increase of $47 billion from last year. He now ranks 17th on the list, with his wealth exceeding that of Bill Gates. The report notes CZ’s wealth growth is primarily tied to his stake in cryptocurrency exchange Binance. Industry estimates peg Binance’s current valuation at around $100 billion, with CZ holding roughly 90% of the shares. The platform remains the world’s largest crypto exchange, boasting a 38% market share and annual trading volume exceeding $30 trillion. Data indicates Binance is projected to generate $16 billion to $17 billion in revenue between 2024 and 2025—about 2.5 times Coinbase’s revenue ($6.6 billion) over the same period. Additionally, the Binance ecosystem includes BNB Chain, which currently has a market capitalization of approximately $88 billion. In 2023, CZ pleaded guilty to failing to implement an effective anti-money laundering (AML) system, resigned as Binance’s CEO, and was sentenced to four months in prison. U.S. President Donald Trump later issued a full pardon to him in October 2025.
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April 12 — Per Iran’s Fars News Agency, an Iranian Foreign Ministry spokesperson said Iran and the U.S. have reached consensus on some issues but differ on two or three key points, ultimately failing to reach a final agreement. (Xinhua News Agency)

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The current popular CEX and DEX funding rate displays show that BTC and ETH have been continuously in a bearish range.

On April 12, per HTX market data, Bitcoin is trading at $71,697.20—down 1.80% over the past 24 hours—while Ethereum sits at $2,219.54, a 1.27% drop in the same period. Coinglass data shows funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges point to bearish signals for both BTC and ETH, with market sentiment remaining muted. Specifically, Bitcoin’s funding rate is negative on platforms like Binance: shorts are continuously paying fees to longs to maintain their positions, indicating an overall bearish trend. For Ethereum, rates are negative on Binance, while platforms like OKX see positive rates but all fall below the 0.005% bearish threshold—also signaling a broad bearish trend. Funding rates for specific major coins are displayed in the attached chart. BlockBeats Note: Funding rate is a mechanism set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It involves a fund transfer between long and short trade

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Iran’s Tasnim News Agency reported on local time April 12 that Tehran is not rushing to negotiate with the U.S., citing informed sources. Iran has put forward reasonable proposals in the talks, and now “the ball is in the U.S.’s court” — Washington should take a pragmatic approach to the issue, the agency said. The source also noted the U.S. government “is making the same mistakes in negotiation decisions as it did in war decisions,” adding Iran is not eager for a quick deal. As long as the U.S. rejects a reasonable agreement, the situation in the Strait of Hormuz will remain unchanged. The timing and location of the next round of talks have yet to be determined. (Source: CCTV International News)

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