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When Changpeng “CZ” Zhao built Binance in 2017, it quickly became the biggest crypto exchange in the world. At one point it was processing $65 billion in daily trades and making CZ the richest person in crypto.
But in November 2023, everything changed: the U.S. Department of Justice hit Binance with a record-breaking $4.3 billion settlement for anti-money-laundering and sanctions violations. CZ pleaded guilty, stepped down as CEO, and later served four months in U.S. federal prison.
That’s when Richard Teng, a former regulator and seasoned finance executive, stepped in to lead Binance through its toughest chapter yet ... promising a culture shift toward compliance and transparency while keeping the exchange at the center of a rapidly evolving crypto industry.
Uptin sits down with Richard Teng at TOKEN2049 in Singapore to unpack:
- What it was like to take over from one of crypto’s most influential founders.
- How Binance plans to rebuild user trust after the $4.3 B settlement.
- The future of regulation, stablecoins, and crypto ETFs worldwide.
- Why traditional finance giants are suddenly embracing blockchain.
- How global politics could reshape crypto adoption, and why even Trump’s crypto stance matters.
Whether you’re an investor, a builder, or just curious about how the world’s largest exchange is preparing for the next wave of adoption, this is a rare inside look at the new era of Binance.
📈 Uptin & Thomas ... fresh takes on business, money and tech.
Twice a week on YouTube, Spotify and Apple. Link in Bio.
#Binance #RichardTeng #CZ #CryptoNews #Bitcoin #Ethereum #TOKEN2049 #CryptoRegulation
Uptin & Thomas discuss:
- Threads Beats X: Meta’s Threads hits 130.2M daily users, edging past X’s 130.1M for the first time.
Uptin & Thomas talk:
- Starbucks Massive Overhaul: Closing Stores and laying off 900 Employees.
- Amazon vs FTC: The government’s new lawsuit could reshape how Amazon does business.
- $100K H-1B Visa Fee: Is Trump's new policy, a win for London?
- AI Slop: Why young workers are hopping jobs faster
— How AI is flooding offices with low-quality work.- Why are Gen Z’s “MonkeyBarring”
Uptin & Thomas discuss:
Uptin & Thomas discuss:
👉 All the week’s biggest stories in tech, money, and culture — broken down.
Uptin & Thomas discuss
- The Pope is taking aim at Elon Musk’s proposed $1 trillion Tesla compensation package — and what it says about inequality in today’s economy.
- Big brands like Coca-Cola and McDonald’s are downplaying their “Americanness” overseas. Why are they doing it now?-
- Whirlpool accuses its rivals of dodging U.S. tariffs. Is this just “tariff evasion”?- U.S. and Chinese officials meet in Spain to smooth trade irritants, with TikTok’s looming deadline on the table.
- Plus: Coffee prices hit levels not seen since the 1990s.Uptin & Thomas break it all down with data, context, and what it means for business and culture.
New episodes every Tuesday and Friday.
Uptin & Thomas dive into:
Apple dropped the iPhone 17 Pro, and the biggest headline is… a new orange color.
Uptin & Thomas break down why that feels a little safe, and what it says about where Apple’s at. They also dive into some of the biggest stories shaping the week:
Uptin & Thomas dive into some of the biggest moves in tech, business, and culture:
* Google’s lawsuit & Apple’s cut — why Google just dodged massive penalties and why it still pays Apple billions to stay the default on iPhones.
* Erewhon in NYC — the cult health-food chain is now opening in New York, but only if you drop $7,000/month on the membership to access it.
* Starbucks’ new protein drinks — how the coffee giant is trying to win back younger, health-conscious customers.
* Arcades for adults — why “Chuck E. Cheese for grown-ups” could be the next big thing in entertainment.
Uptin & Thomas break down four big stories:
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