CZ Binance: Solana Shanghai Event Shut Down
CZ Binance stated that Solana's Shanghai office opening and planned event at Shangri-La were shut down by authorities within minutes of the Bund ad appearing, confirming China has not lifted its crypto restrictions.
SourceAnalysis
CZ Binance clarified he supports progress by any chain including SOL yet noted the Shanghai event shutdown proves China maintains its ban, with the Bund building advertisement removed inside ten minutes under real-time monitoring.
SOL trades at $104.12 beneath the EMA50 at $108.43 inside a bearish structure, where the MACD golden cross at -1.09 offers limited momentum against neutral RSI at 41.65 and price remains boxed between Bollinger bounds of $101.91 support and $108.95 resistance.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.