Former Binance CEO Changpeng ‘CZ’ Zhao believes that crypto wallets should be the primary interface for everyday blockchain usage, while exchanges should mostly serve professional traders and liquidity providers. 

CZ expressed this in a recent X (formerly Twitter) discussion with Trust Wallet CEO Eowyn Chen.

CZ Thinks Crypto Wallets and Exchanges Have Very District Use Cases

Although no longer a boss, CZ lives a pretty busy life every day, as he revealed in this latest discussion. The former Binance CEO is now committed to looking for new investment opportunities with YZI Labs (previously Binance Labs). He’s also actively contributing to the Giggle Academy.

CZ also talked about his dog Broccoli, which recently became quite the phenomenon in the meme coin space. When discussing crypto wallets, he expressed how exchanges serve more professional trading needs, and wallets can become the go-to platform for daily blockchain usage.

” I don’t think there should be any block in the future. The exchanges should only be for professional traders. You know, very large traders with liquidity. The exchange is a liquidity pool. Most people should not need to interact with Exchange,” The former Binance CEO expressed. 

CZ stressed that most people have been using crypto exchanges as a wallet, which is wrong. Platforms like Binance, Coinbase, and other exchanges should be used only for trading. On the other hand, apps like Trust Wallet serve the purpose of storing cryptoassets. 

This statement reflects a shift in the crypto industry. Wallets, which have served as simple storage tools, now play a key role in asset management, digital identity, and payment functions. 

Wallets now support a wide range of functions, such as remittance, wealth management, and access to DeFi services.

Eowyn Chen pointed out that Trust Wallet has grown its user base significantly. The platform now attracts everyday users rather than those interested in speculative trading.

“We have almost 200 million downloads, and this is about 77% of the finance registration users. So for us, we feel like as a decentralization wallet. And with all the hoops that you have to jump over, that’s quite some honor from the user base,” said Trust Wallet CEO Eowyn Chen.

Gateway for Digital Identities

CZ also mentioned that wallets could become a gateway to digital identification and government services. He noted that many governments are exploring blockchain solutions to provide citizens with secure digital identities. 

Wallets could support such initiatives and provide a safe place to store assets and digital credentials. This point suggests that wallets will extend beyond finance into areas like digital education and public services.

“When governments look at blockchain, the first thing they’re going to need is a digital and decentralized ID solution. For that, you need a wallet. You should be able to do everything from the wallet. The wallet is kind of like the browser to the internet, right? So they are a key infrastructure,” said CZ. 

The discussion came as wallet providers and exchanges face increased scrutiny over user data and market practices. Eowyn Chen said that separating wallet functions from exchange functions can benefit the ecosystem by capturing different user profiles. 

As a result, wallet platforms have the opportunity to serve a wider audience with everyday financial needs. 

The debate also touches on the emerging role of digital identity and educational tools. Chen described a concept where digital certificates and identity systems integrate with wallets. 

This integration would allow users to access educational content, government services, and financial tools from a single interface. Such innovation could improve everyday crypto usage and pave the way for increased adoption of blockchain technology.

Hyperliquid (HYPE) price has dropped more than 6% in the last 24 hours, despite the launch of HyperEVM, which aims to expand the platform’s DeFi capabilities. The integration of Ethereum Virtual Machine (EVM) functionality is expected to bring programmability to Hyperliquid’s trading ecosystem.

However, technical indicators show signs of weakness, with momentum fading and bearish signals emerging. Whether HyperEVM can drive renewed buying pressure or if the ongoing downtrend continues will be critical in determining HYPE price next major move.

Hyperliquid Rolls Out HyperEVM, as It Continues To Make Millions of Dollars Per Day

Hyperliquid has launched HyperEVM, marking a major step toward integrating smart contract functionality into its high-speed financial system. The upgrade brings Ethereum Virtual Machine (EVM) compatibility, allowing for decentralized applications while maintaining the platform’s trading experience.

The initial mainnet release includes security backed by HyperBFT consensus, seamless transfers between native HYPE and HyperEVM HYPE, and a canonical WHYPE system contract to facilitate DeFi activity.

Hyperliquid continues to solidify its position as one of the most relevant players in crypto right now, ranking among the top 20 highest-earning applications in the past week.

The platform generated over $8.5 million in revenue in the last seven days, surpassing notable projects like Ethena and Marinade, while closing in on Maker, BullX, and Ethereum.

Hyperliquid Indicators Suggest Bullish Pressure Is Not Dominant

HYPE DMI shows that its ADX has dropped to 10.6, down from 18.9 four days ago, signaling a weakening trend. An ADX reading below 20 typically suggests a lack of strong directional momentum, meaning the current market movement lacks conviction.

Meanwhile, +DI (23.3) remains slightly above -DI (21.4), indicating that bullish pressure is still present but not dominant.

However, with short-term EMA lines trending downward despite being above long-term EMAs, the market could be at risk of further weakness. If the short-term EMAs continue declining, a bearish crossover could form, reinforcing downside pressure.

HYPE’s RSI has also dropped significantly, falling to 33.1 from 68 in just four days, reflecting a rapid loss of bullish momentum. While the current reading remains above the 30 threshold for oversold conditions, the sharp decline suggests that sellers have been in control.

If RSI continues falling, HYPE price could enter oversold territory, potentially triggering a bounce if buyers step in. However, if bearish momentum persists, it may signal further downside before any meaningful recovery occurs.

The combination of weakening trend strength and falling RSI suggests that HYPE is in a fragile position, with traders watching closely for signs of stabilization or further decline.

HYPE Price Prediction: Will Hyperliquid Rise Above $30?

HYPE’s EMA lines indicate that a death cross could be forming soon, as short-term EMAs are trending downward and approaching a crossover below long-term EMAs.

This is typically a bearish signal that suggests weakening momentum and the potential for further downside. If the downtrend continues, HYPE price could test support at $22.5. If that level fails, the price may drop further to $20 or even $18.89, marking the first time it has fallen below $20 since late January.

A confirmed death cross would reinforce selling pressure, making a recovery more difficult in the short term.

However, if the launch of HyperEVM sparks renewed buying interest, Hyperliquid could regain bullish momentum and push toward $27.4 as the first major resistance.

A breakout above that level could lead to a test of $28.3, and if sustained bullish momentum follows, HYPE price could rise past $30, a level not seen since December 2024.

The market’s reaction to HyperEVM’s launch will be key in determining whether HYPE breaks out of its current downtrend or continues facing pressure.

XRP price has dropped nearly 4% in the last 24 hours and is down 21% over the past 30 days, bringing its market cap to $144 billion. The decline comes as key technical indicators flash warning signs, with the Chaikin Money Flow (CMF) hitting its lowest level since June 2022 and active addresses dropping by 53% in the past month.

Additionally, XRP’s EMA lines are forming a death cross, signaling the potential for further downside if the trend continues. With momentum weakening, XRP now faces a critical moment, as traders watch whether the price stabilizes or risks a deeper correction.

XRP CMF Is Breaking Negative Records

XRP Chaikin Money Flow (CMF) has dropped to -0.27, continuing a steady decline from 0.30 three days ago.

The CMF indicator measures buying and selling pressure by analyzing both price and volume. Values above zero indicate accumulation, and below zero signal distribution.

A sustained decline in CMF suggests that selling pressure is increasing, with more capital flowing out of XRP than into it. This downward trend reflects weakening bullish momentum and could indicate that investors are offloading their positions.

This is XRP lowest CMF reading since June 2022, a concerning signal for price action. Historically, prolonged negative CMF levels have preceded extended downtrends, as they indicate persistent capital outflows.

If the indicator remains in negative territory or continues to decline, XRP could face further selling pressure, increasing the risk of deeper price losses.

However, if CMF starts recovering and moves closer to zero, it could suggest stabilization, giving bulls a chance to regain control. For now, XRP remains in a vulnerable position, with traders closely watching whether selling pressure will intensify or ease in the coming days.

XRP Active Addresses Corrected By 53% In the Last Month

XRP 7-day active addresses have plummeted to 190,470, marking a sharp 53% decline from the 407,000 recorded on January 20. This metric tracks the number of unique addresses involved in transactions over a seven-day period, serving as a key indicator of network activity and overall user engagement.

A drop of this magnitude suggests reduced participation from traders and investors, potentially signaling waning interest or lower transaction demand.

Such a decline can often coincide with weaker price action, as fewer active addresses generally mean lower liquidity and less on-chain activity driving market movements.

This is XRP’s lowest 7-day active address count since November 14, 2024, reinforcing concerns about declining user engagement. Historically, prolonged declines in this metric have preceded periods of price stagnation or downside pressure, as reduced network activity often reflects fading momentum.

If active addresses continue falling, it could indicate weakening investor confidence, making it harder for XRP to sustain any significant bullish moves.

However, if this metric stabilizes or starts rebounding, it could suggest a renewed interest in the asset, potentially supporting price recovery efforts. For now, XRP remains in a cautious phase, with traders monitoring whether activity will pick up or continue declining.

XRP Price Prediction: Will XRP Face a 29% Further Correction?

XRP’s EMA lines are forming a death cross, with short-term moving averages crossing below long-term ones, signaling a potential bearish trend.

A confirmed death cross often suggests that downside momentum is strengthening, increasing the likelihood of further XRP price declines.

If the sell-off intensifies, XRP price could test support at $2.33, and a breakdown below that level could trigger a 29% correction down to $1.77. Such a move would reinforce bearish sentiment and could lead to extended weakness unless buyers step in to defend key levels.

However, if XRP can reverse this trend and regain bullish momentum, it could challenge the $2.83 resistance level.

A successful breakout above this zone could pave the way for a rally toward $3.15. If momentum persists, XRP could push as high as $3.28, marking its first move above $3 in February 2025.