Wu has learned that Binance founder CZ stated in an article that the exact reasons for the recent decline in cryptocurrency prices are still unclear, but potential factors include: funds flowing into the Anthropic IPO; as of November 13, the US spot Bitcoin ETF saw a net outflow of approximately $1.9 billion in seven trading days, and the Ethereum ETF also experienced outflows; security concerns arising from events such as the Binance hack, the theft of iPhone-related crypto wallet assets, Chrome vulnerabilities, and Microsoft service outages; higher-than-expected US inflation pushing up expectations of further interest rate hikes by the Federal Reserve, with higher yields and a strong dollar putting pressure on crypto assets; and concerns about stricter crypto regulations arising from the US midterm election results. CZ emphasized that Binance has not sold any cryptocurrencies, and that he personally purchased cryptocurrencies after receiving a sum of stablecoins recently, believing that the crypto industry will continue to grow in the medium to long term. https://(wublock123.com)/news/cz-binance-no-crypto-sells-bought-amid-market-drop-ipo-funds-72008