On January 28th, Liquid Capital founder Yi Lihua took to X platform, urging CZ and He Yi to allocate a portion of Binance's profits toward assets such as BTC and ETH. According to Yi, companies like Tether and Binance have been siphoning industry profits—earning billions annually through early, unregulated expansion without facing compliance burdens. He specifically criticized Tether as a non-compliant stablecoin operator that extracts enormous profits from the crypto market, then aggressively buys gold. While Yi acknowledges this strategy as financially savvy, he believes it fails to earn industry respect. By contrast, he highlighted compliant stablecoins like USD1, which subsidize users via WLFI while consistently purchasing ETH and similar assets—marking them as true industry builders.Yi further challenged CZ and Yi Jie: if they genuinely believe in the super cycle and Bitcoin's transformative era, they should demonstrate commitment by investing Binance's earnings into BTC and ETH. Such action, he argued, would command greater respect. He also called on other platforms to follow suit, stressing that only a sector-wide bull market benefits everyone, whereas major short sellers remain the real threat.
PANews reported on January 28 that Liquid Capital founder Yi Lihua appealed on the X platform, hoping that CZ and He Yi would use part of Binance's profits to buy assets such as BTC/ETH.
Yi Lihua stated, "Companies like Tether and Binance operate on a model that drains the industry's profits, raking in billions of dollars annually. They achieved rapid, unregulated growth in the early days of the cryptocurrency market without needing to comply with regulations. Tether, as a non-compliant stablecoin company, not only rakes in huge profits in the cryptocurrency market but also uses those profits to aggressively purchase gold. From an investment perspective, it's successful; from the perspective of industry building and respect, it's a failure. On the contrary, compliant stablecoins like USD1, which subsidize users through WLFI while continuously buying ETH and other industry assets, represent true industry building."
"If CZ is truly optimistic about the super cycle and Yi Jie is optimistic about the arrival of the Bitcoin era, I hope they will use some of the profits from Binance to buy BTC/ETH, etc. This would truly be consistent in word and deed, and truly keep building and be more respected. Of course, I also hope that other platforms will follow suit. Only an industry bull market can make everyone better off, while those big short sellers are the real cancer in the industry."
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact
[email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
