[Bitpush Weekend News Review] "CZ will regain his freedom with $60 billion in wealth" ranked eighth on Baidu's hot search list; Binance made major internal adjustments after CZ was arrested, and compliance operations became the core focus; On Friday, the net inflow of US spot Bitcoin ETF hit the largest single-day inflow since early June, and has achieved net inflows for 7 consecutive trading days

Weekend Highlights News Review: "CZ to Regain Freedom with $60 Billion Wealth" Ranks 8th on Baidu Hot Search "CZ to Regain Freedom with $60 Billion Wealth" ranks 8th on the Baidu hot search list. According to previous disclosures by Fortune magazine, CZ will take to the streets of Long Beach, California, on Friday in his first appearance as a free man in months. Since April this year, CZ has been detained by federal authorities, having previously agreed to return from Dubai to serve a five-month sentence in the United States for failing to implement proper anti-money laundering controls at his large cryptocurrency exchange Bit. During this period, CZ served about two months in a minimum-security prison in the California desert, and was then transferred to a halfway house in Long Beach, where a prison official said he could engage in supervised outings, even going to the movies. Now, CZ will have more choices as he returns to society with an estimated personal fortune of around $60 billion (the 25th richest person in the world), and his legal troubles are now in the past. Trump: If Elected President Again, Will Seek to Sue Google Former U.S. President Trump said that if he is elected U.S. president again, he will seek to sue Google and accuse the company of publishing negative reports about him. Bit Adjusts Internally After CZ's Arrest, Compliance Operations Become the Core Focus After CZ's arrest and resignation as Bit CEO, Bit announced that compliance will be the company's top priority. In 2023, the U.S. Department of Justice fined Bit $4.3 billion and reached an agreement with CZ, who will permanently step down from the company's management. Current CEO Richard Teng said Bit has invested nearly $200 million over the past two years to strengthen its compliance system, aiming to turn it into the company's "competitive advantage." Bit plans to expand its compliance team to 700 people by 2024 to cope with the increasingly complex global regulatory environment. Mango DAO Settles with SEC, Fined $700,000 for Unregistered Sale of MNGO Tokens Mango DAO, Mango Labs and Blockworks Foundation have agreed to settle with the U.S. Securities and Exchange Commission (SEC) for the unregistered sale of MNGO governance tokens on the Mango Markets platform, with the three parties paying a total of $700,000 in fines and destroying all MNGO tokens. The SEC also accused Blockworks Foundation and Mango Labs LLC of acting as unregistered brokers. The SEC stated that the "DAO" label does not change the actual responsibilities of the entities behind the project, and all intermediary activities still need to comply with registration requirements. U.S. Spot Bit ETF Sees Largest Single-Day Inflow Since Early June, Marking 7 Consecutive Trading Days of Net Inflows According to SoSoValue data, last Friday, the net inflow of the U.S. spot Bit ETF was $494.27 million, the largest single-day inflow since early June, and it has seen net inflows for 7 consecutive trading days. Following this consecutive increase, the current value of assets held by the 12 Bit ETF funds has reached $61.21 billion, the highest since July 29. U.S. Spot Ether ETF Records Highest Weekly Inflow Since Early August, Reversing 6 Consecutive Weeks of Net Outflows SoSoValue data shows that the U.S. spot Ether ETF had a capital inflow of $58.65 million on Friday, and the total net inflow for the week was $84.51 million, reversing the 6 consecutive weeks of net outflows. This is the second week of net inflow since the launch of the Ether ETF at the end of July. These funds currently hold a total net asset value of $7.4 billion. Among them, BlackRock's fund has achieved an important milestone after the capital inflow on Friday: just two months after its launch, its total net asset value has exceeded $1 billion, making it the second fund to reach this value after Grayscale's Ether Mini Trust Fund.