New Leadership or Just a Glorified Reunion? CZ’s Latest Crypto Move Will Make You Wonder!

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Ah, Changpeng Zhao, or CZ as the cool kids call him, is at it again. The Binance cofounder and former CEO has taken a moment to remind us mere mortals about the latest *“game-changing”* news—Binance Labs is rebranding. Because who doesn’t love a good rebrand, right? I mean, it’s not like it was already a household name.

But wait, there’s more! Hold on to your hats, folks—there’s going to be “new leadership.” Except, plot twist! It’s “old leadership” too. Yes, you heard that right. Our good old friend, Ella Zhang, is back at the helm after a brief hiatus. I guess we all need a vacation from leadership now and then, right?

Binance Labs Rebranding… Again

In case you missed it, Changpeng Zhao—doing his best “I’m on top of this” act—has announced Binance Labs’ grand rebrand to *drum roll please* YZi Labs. The whole idea? To make it seem like it’s got nothing to do with Binance anymore. Well, except for the fact that CZ is still going to be hanging around like an overenthusiastic advisor.

Oh, and new leadership!

Or, you know, depending on your perspective, old leadership. Ella Zhang, the lady who actually started the whole thing, is back to lead a company that’s still sitting on the shoulders of her past brilliance. No pressure, right?

— CZ 🔶 BNB (@cz_binance) January 24, 2025

CZ took a moment to remind his X followers—*because we all know how much he loves Twitter-like posts*—that Zhang led investments that were, well, pretty great. High yields, industry-shaping projects, and a list of startup babies, including the likes of Polygon, CertiK, and Kava. But hey, who’s counting?

Now, Zhang is back, and CZ is still in the game, gracing us with his *active advisory role*. We can all sleep easy knowing the *mighty CZ* is watching over them, one tweet at a time. Zhang will take charge and lead the next *phase of innovation* (because, of course, there’s always a phase). The woman started Binance Labs in 2018—now that’s a legacy, huh?

CZ: The Unofficial Web3, AI, and Biotech Guru

The big idea behind this whole rebranding shindig is to separate Binance Labs from Binance (because independence is all the rage now). And guess what? CZ wants to expand into some *trendy* new territories: Web3, AI, and biotech. What’s next, a deep dive into quantum computing? But who knows, maybe *one of these things* will actually be the next big thing!

CZ, with his signature flair, will have a hand in all things investment, mentorship, and *guiding founders to the promised land*. Meanwhile, Ella Zhang is ready to carry the torch. Because if there’s one thing we all know, it’s that *real leaders always come back for more*.

The post also made sure to remind us that no, the portfolio of YZi Labs’ supported companies will not see any cuts. They’ll keep getting that sweet, sweet funding like before. Lucky them, right?

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2025-01-24 17:12