Switch has hired Goldman Sachs and JPMorgan Chase to handle its initial public offering, according to people familiar with the matter. According to Jin10, the data center company is targeting a valuation of $80 billion. The sources said Switch could pursue an IPO as early as the fourth quarter.

Binance founder and former CEO Changpeng Zhao (CZ) said the two biggest lessons he would pass back to his 2017 self are to take legal compliance seriously from day one — and to launch products faster, singling out Binance's futures platform as a product he would have shipped much earlier.Speaking in a fireside chat moderated by Straten Media founder Jack Melnick as part of Binance's anniversary celebrations, CZ offered a candid retrospective on the exchange's founding era, admitting he "misjudged the importance of the legal aspects" of running a global crypto platform in its early years.Key TakeawaysCZ said he would advise his 2017 self to "spend more time learning about legal compliance" and politics, calling law a personal "weak area" at the timeHe highlighted the global reach of certain US laws and their "very long look-back period" as lessons learned the hard wayHis second piece of advice: ship products earlier and let market feedback guide iterationBinance launched futures two years into its journey — a product CZ said he would launch "much earlier" if starting againCZ described himself in 2017 as "just a tech guy" focused on product and user protection"I Was Just a Tech Guy"Asked what advice he would give his 2017 self knowing what he knows now, CZ pointed first to the legal and regulatory dimension of the business."Knowing what I know now, I would tell my younger self: spend more time learning about legal compliance aspects, and also learn about politics," he said. "Before 2017, I was just a tech guy. I was focused on building a better product and protecting the users. But I misjudged the importance of the legal aspects, which is a weak area for me."He added that his understanding of cross-border regulation was limited in the exchange's early years: "I wasn't very knowledgeable about international laws and how different countries apply laws. Some US laws apply globally, and they also have a very long look-back period."The remarks carry particular weight given CZ's own regulatory history, which saw him step down as Binance CEO in 2023 as part of a settlement with US authorities — context that makes compliance his most personal lesson from the exchange's nine-year run.Second Lesson: Hesitation Costs More Than FailureCZ's second piece of advice was directed at his own product instincts rather than the regulatory environment: move faster."There were a lot of areas where I hesitated about whether to push a product out or not," he said. "As an entrepreneur, it's much better to push a product out early and then get market feedback. There were still a few things we did relatively late."His clearest example was derivatives. "Binance launched futures two years into the journey. If I was to do it again, I would probably launch that much earlier," he said. Futures trading went on to become one of the exchange's dominant volume drivers, making the delayed launch — by CZ's own assessment — one of the more costly hesitations of the company's early years.Melnick noted the lesson applies broadly to founders who build in stealth expecting a flawless launch, only to discover the market wants something different — feedback that arrives cheaper and earlier when products ship sooner.Older, "May or May Not Be Wiser"Asked whether 2017 CZ is the same person as 2026 CZ, the founder answered with characteristic self-deprecation."I'm a lot older, but may or may not be wiser," he said. "I've experienced a lot more challenges — let's just put it that way. A lot of things have happened in the last nine years. I'm a bit mentally and physically older now."

Binance founder Changpeng Zhao (CZ) said the exchange reached the world's number one spot within its first five months of launch in 2017 — and has held that position "every single day" since — crediting the staying power to a user-protection ethos and a mission to "increase the freedom of money."In a fireside chat with Straten Media founder Jack Melnick during Binance's anniversary celebrations, CZ traced the exchange's origin to a simple diagnosis: the crypto exchanges of 2017 were not prioritizing their users, and nearly every part of the product could be built better.Key TakeawaysBinance became the world's largest exchange within five months of its 2017 launch and has held the top spot daily since, according to CZCZ founded Binance after a career building order execution and exchange systems, seeing gaps in technology, security, and customer service across 2017-era exchangesHe said exchanges at the time "weren't really prioritizing the users"CZ credited the 2017 ICO boom with accelerating Binance's early riseHe named mission clarity and user protection as the factors that kept Binance at number oneThe 2017 Diagnosis: "The Exchanges Weren't Prioritizing Users"Before founding Binance, CZ spent his career working on order execution and exchange systems — experience that shaped his read of the crypto exchange landscape in 2017."When I looked at the exchange space back in 2017, I thought the products could be better, the technology could be better, the matching engine could be a lot faster, the security could be better, the customer service could be a lot better," he said. "The exchanges then weren't really prioritizing the users. I felt there was definitely room to make improvements."CZ was candid about the role of timing alongside execution: "We got lucky that there was an ICO run, and we caught that rise."Five Months to Number OneAsked how quickly Binance climbed past dozens of established competitors, CZ confirmed the ascent happened within the exchange's first year."In the first five months, we got to the world's number one exchange," he said. "And then it stayed there every single day."Melnick noted that reaching the top is one challenge, but holding it across market cycles is another — a distinction CZ addressed directly.Why Binance Stayed on Top: Mission Over MetricsPressed on what kept Binance at number one for nearly nine years, CZ pointed past product quality to something less tangible."There are quite a few different factors contributing to the success of any company. The product has to be good, the customer service has to be good — and then, more importantly, you have to have a mission," he said. "Our mission was to increase the freedom of money."He singled out one value above the rest: "One of our strongest values is to protect users. All of those things are very fundamental, and I think protecting the users helped us keep the lead after we became number one."The framing echoes remarks from current co-CEOs Richard Teng and Yi He during the same anniversary programming, who cited user trust — built through daily consistency over nine years — as the exchange's core competitive moat, alongside metrics showing Binance holding more than 60% of clean reserves across the top ten exchanges.

Anchorage Digital has introduced native TRX staking for institutional clients on the Tron network, allowing customers to stake TRX through Anchorage Digital’s custody platform or its Porto self-custody wallet. According to NS3.AI, Tron processed roughly $2 trillion in USDT transfers during the first quarter of 2026. The update expands staking access for institutions using Anchorage Digital’s services while leveraging Tron’s stablecoin activity. Tether transparency data shows nearly $90 billion of USDT circulates on Tron.

SPCX closed at $149.47 on July 7 after pricing at $135 and opening at $150. According to NS3.AI, Wall Street coverage remained mostly bullish, with analyst price targets ranging from $62 to $310.

探讨 Open USD 的推出如何影响稳定币发行方的经济效益、分销和网络效应。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的AI、DeFi、DAO、NFT和元宇宙行业新闻。

加密市场资本格局正迎来根本性转变，资金持续向特定赛道与头部企业集中。

最近，加密生态的老项目们掀起了一股迁移潮---它们纷纷从原有的链或者干脆放弃了自己构建的链迁移到了更加成熟、人气更高的链。

即便经历这场崩塌，预售成本 0.025 美元的早期参与者，账面仍浮盈十几倍。

从组织分工、协议底层到质押收益模型，以太坊正在为下一个十年重新「做减法」。

在 Robinhood Chain 上一周内冲到上亿市值。两周过去，这条链没有降温，反而把"黑马"这个词坐实了——只是热闹的方式，比上周更魔幻。

过去全球最成功的软件企业几乎全诞生于美国。中国智谱股价急速上涨，引发新的讨论。智谱与Anthropic这两种AI发展路径意味着什么？

The US government transferred 3,940 Bitcoin and 30,014 Ether worth nearly $300 million from seized assets to Coinbase Prime. The cryptocurrency came from several federal seizure cases, while government-linked wallets still hold about $20.6 billion in digital assets.

主会场无人问津、私局分流核心人脉，加密大会变味了。