Key Points:

• Elon Musk’s unfollowing of Binance CEO on Twitter sparked speculation.
• The $500 million investment that Binance made in Twitter has not changed.
• Zhao intends to bring online entertainment and web3 together to expand the utilization and reception of crypto and blockchain innovation.

According to Big Crypto Alert, Changpeng Zhao, CEO of Binance, has unfollowed Elon Musk on Twitter. A spokesperson for Binance declined to comment on the matter, but the exchange’s $500 million investment in Twitter last year still stands. The reason for this move is currently unknown.

The crypto community has been interested in Zhao’s Twitter unfollow of Musk, which has sparked a lot of speculation and questions. Lucra, a Twitter user, has suggested, for instance, that Zhao might have unfollowed Musk as a result of the fact that the social media platform recently partnered with eToro rather than Binance. Lucra brought up that it was CZ who assisted finance With twittering’s obtaining. eToro and Twitter signed a deal last month that gives the platform’s users the ability to invest through eToro and view real-time prices for a wide range of assets, including cryptocurrencies.

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Musk, then again, doesn’t follow Zhao on Twitter, in spite of the fact that it’s hazy assuming this has forever been the situation.

It is important to note that Musk was able to acquire Twitter for $44 billion thanks to Binance’s $500 million investment in the company in October of last year. Zhao stated at the time that he was thrilled to assist Elon in realizing a new Twitter vision and that he plans to combine web3 and social media to encourage the use of crypto and blockchain technology.

Musk made the announcement last week that Linda Yaccarino would take over as CEO of Twitter. While Yaccarino was in charge of the business, Musk would move on to other positions, such as product design and new technology. They want to transform Twitter into X, Musk’s app for everything.