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CZ: BUSD was strangled in the government's crackdown on the liquidation of the encryption industry.
BlockBeatNews
BlockBeats news, on March 23, in response to community inquiries about the current situation of BUSD, CZ stated, “BUSD, a fully reliable stablecoin backed by USD, has been terminated as part of ‘Operation Chokepoint 2.0’ (a government-led crackdown on the cryptocurrency industry). The good news is that many new stablecoins are now being launched on BSC.” BlockBeats note: The main goal of Operation Chokepoint 2.0 is to restrict or cut off banking services for cryptocurrency-related businesses and individuals by pressuring banks and Financial Institutions, thus ‘choking’ the development of this industry.
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GateUser-488cbe78
· 2025-03-23 09:27
On March 23, according to Alternative data, today the cryptocurrency Fear and Greed Index has dropped to 30, down from 32 yesterday (with a weekly average of 30), and market sentiment remains in a "fear" state. Note: The fear index threshold is 0-100, including indicators: Fluctuation (25%) + market volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google trends analysis (10%).