Several catalysts are currently pointing toward a BNB Smart Chain (BSC) Season being on its way for October. Chiefly, the release of former Binance CEO Changpeng ‘CZ’ Zhao followed his four-month prison stint.
CZ, also known as ‘Inmate 88087-510’, will be released from custody on September 29, 118 days after reporting to a low-security prison in California. He spent three months in the Lompoc II prison before being moved to a halfway house in San Pedro, California in late August.
Crypto Degens Are Predicting A BNB Pump Alongside A BSC Szn To Celebrate CZ’s Freedom
CZ is coming out soon. You can’t be bearish here bro pic.twitter.com/hAm6X6mq3v
— cevo (@cryptocevo) September 17, 2024
Zhao was sentenced to four months in prison back in April. His sentencing came five months after he pleaded guilty to violating the Bank Secrecy Act by failing to set up an adequate know-your-customer (KYC) program during his tenure as CEO at Binance. As part of his guilty plea, CZ also agreed to pay a $50 million fine. The final agreement in his plea deal saw him step down as CEO of the leading crypto exchange.
Although he isn’t officially a part of Binance anymore, CZ is still revered by the Binance/BSC community. This means that his release at the end of the month is likely to give birth to hundreds of meme coins related to him being free. With a flurry of on-chain activity for BSC, its native token, BNB, will surely spike also.
BNB has been fairly stable over the past month. It has ranged between $480 and $595 whilst currently trading at around $540, per CoinGecko data. As for on-chain activity, BSC has processed over $2.8 billion over the past 7-days, third only to Ethereum and Solana. A spike in this figure in the lead-up to CZ’s release on September 29 will be a good indication of an upcoming ‘BSC Szn’.
Smart BSC Devs Introduce Gasless Stabelcoin Payments In Anticipation Of A Spike In On-Chain Volume
We've taken a giant leap in connecting Web2 & Web3…
Our mission: onboard the next billion Web3 users
How we’re doing this: supercharge stablecoin payments—faster, cheaper, and within everyone's reach.
Wallet providers, payment gateways, and merchants, let's shape the future… pic.twitter.com/7EojZ5OZld
— BNB Chain (@BNBCHAIN) September 18, 2024
The developers of the BSC chain have announced some big updates to the network as they aim to ‘onboard the next billion web3 users’. One of the key updates is an improvement to stablecoin infrastructure via gasless transactions.
The initiative focuses on making stablecoin payments more accessible, faster and cheaper. It is being called “Gasless Carnival Season” and it is slated to begin tomorrow (September 19). BSC have partnered with multiple CEX’s such as Binance, Bitget, Gate.io, MEXC and HTX, to enable zero withdrawal fees on stablecoins.
BONUS: Pepe Unchained (PEPU) Presale Nears $14 Million, Looking Like The Smartest Meme Play For Q4
Pepe Unchained (PEPU) has now raised over $13.5 million in presale funding, indicating strong appeal among investors. Many even call it the next 100x meme coin.
However, PEPU is more than just a meme coin. It is the token that will power an all-new Layer-2 chain and staking protocol. The project’s ultimate aim is to become the central ecosystem for meme coins.
Rumors continue to surface that PEPU will be listed on several top-tier CEXs once the token goes live. These rumors have been further fuelled since Binance has now made it known it is open to listing low-cap meme coins.
There are just over 24-hours left to purchase PEPU at its current price of $0.0098 per token. After the timer runs out, it will move on to the next phase, at an increased price. There is also a built-in staking protocol for the presale and there is currently 152% APY on offer for any investors who choose to stake their presale bag whilst waiting for PEPU to go live.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
