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Binance Founder’s $10M Surprise Donation to Vitalik’s Biotech Fund Revealed
In a shocking move, Binance founder Changpeng “CZ” Zhao has revealed that he quietly transferred $10 million worth of BNB tokens to Ethereum co-founder Vitalik Buterin’s biotech fund months ago. This surprise donation marks a significant shift in the crypto community’s approach towards philanthropy and social impact.
The sudden influx of capital will be used to support open-source and decentralized laboratory projects, prioritizing patient outcomes and on-chain transparency. The funds are earmarked for initiatives that focus on modular protocols, privacy-preserving health data tools, and rapid-response diagnostics. CZ’s donation underscores his conviction in the potential of blockchain technology to transform medical research and care.
Zhao’s charitable contribution is a testament to the growing importance of philanthropy within the crypto community. Binance Coin, CZ’s native token, has been utilized for charity efforts in the past, such as providing relief support after natural disasters and aiding scam victims. Vitalik Buterin, on the other hand, has made significant contributions to pandemic research and AI ethics, as well as wildlife conservation initiatives.
In light of this donation, it appears that cryptocurrency philanthropy has surpassed $1 billion in 2024, demonstrating a fundamental shift towards long-term social impact.
Source: crypto-economy.com
