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Liquid Capital Founder Urges Binance Leaders to Reinvest Profits in Bitcoin and Ethereum

Yi Lihua called for Binance to support the crypto industry by purchasing BTC and ETH, criticizing Tether’s gold purchases as less impactful for ecosystem growth.

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Summary

Yi Lihua, founder of Liquid Capital, urged Binance leaders Changpeng Zhao (CZ) and He Yi to invest part of Binance's profits into Bitcoin (BTC) and Ethereum (ETH) to support blockchain development. He criticized Tether’s gold investments and highlighted USD1’s approach of using WLFI token subsidies and ETH purchases to strengthen the industry.

Terms & Concepts
  • WLFI: A subsidy mechanism tied to USD1 designed to encourage blockchain ecosystem participation.
  • Tether: A company best known for issuing the USDT stablecoin, recently noted for investing in physical gold rather than cryptocurrencies.
  • Ethereum (ETH): A blockchain platform supporting decentralized applications, with its native token ETH often purchased for investment or operational use.