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BTC $77,332.97 +4.89%
ETH $2,433.41 +4.94%
BNB $642.33 +3.49%
XRP $1.49 +5.55%
SOL $90.03 +6.47%
TRX $0.3249 -0.50%
DOGE $0.1010 +5.54%
ADA $0.2647 +6.13%
BCH $455.41 +3.64%
LINK $9.77 +5.33%
HYPE $44.69 +0.24%
AAVE $117.52 +9.03%
SUI $1.03 +5.84%
XLM $0.1729 +7.04%
ZEC $347.89 +2.37%

talks

CZ's new book reveals: During the 9·4 period, the silence of venture capital left him disappointed, and Sequoia ultimately backed out due to a breakdown in valuation talks

Binance founder Zhao Changpeng (CZ) recalled in his new book that after the "9·4" regulatory policy was introduced in 2017, venture capital firms as a whole became more cautious, and Sequoia Capital, which had originally expressed investment intentions, also paused related cooperation. He stated, "Seeing the venture capitalists collectively silent during our most difficult September, I was actually quite disappointed."CZ revealed that prior to this, Sequoia had expressed investment interest at the beginning of He Yi's joining, but chose to wait and see in light of the policy impact. Subsequently, Binance achieved rapid growth from September to October, with the number of users increasing from about 20,000 in August to about 120,000 by late October, ranking among the top ten exchanges globally and becoming profitable.CZ stated that by the end of October, after the risk phase had basically passed, Sequoia re-expressed its investment intentions, but they had proposed to raise the valuation requirement. Ultimately, the two sides could not reach an agreement due to valuation differences. The other party then proposed to pursue legal proceedings, and a week later, four large boxes of legal documents were delivered. CZ said this was the "first time in his life becoming a defendant." CZ mentioned that he later learned that the lawsuit was led by Sequoia's legal team in the U.S., who are skilled at using the media to create public opinion, "the media reporters knew before I, the party involved."

Analysis: The prospects for US-Iran talks are bleak, but a narrow path to reaching an agreement still exists

According to Jinshi Data, the prospects for a diplomatic resolution to the US-Iran war remain bleak, but analysts believe that there is still a channel for reaching an agreement.Turkey, Egypt, and Pakistan, as mediators, are pushing for US and Iranian officials to meet as soon as this week. US President Trump and his political allies have expressed a positive attitude towards negotiations. It is reported that the US and Israel have temporarily removed Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad-Bagher Ghalibaf from the assassination list for 4 to 5 days to create conditions for the negotiations to start.The demands of both sides after the war have significantly exceeded their pre-war positions. Iran demands that the US compensate for war damages, close military bases in the Middle East, and charge shipping companies passing through the Strait of Hormuz; the US demands that Iran stop uranium enrichment, restore freedom of navigation in the Strait, and limit its missile program and support for regional militias.Analysts believe that if both sides determine that the cost of war is unbearable, they may first reach a ceasefire agreement and postpone core issues such as uranium stock disposal, verification mechanisms, and sanctions relief to subsequent negotiations. Michael Singh from the Washington Institute stated that a path for a minimum ceasefire agreement to proceed alongside a complete agenda is still feasible.
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