币安正在蓬勃发展。新任首席执行官能否让美好时光继续下去？

当我在四月份采访接任币安首席执行官的理查德·腾时，他将公司的复兴归因于愿意向监管机构做出弥补。

CZ’s Binance is having a banner year—despite a prison sentence, fraud allegations, and a new round of legal troubles.

尽管被判入狱、受到欺诈指控以及新一轮的法律麻烦，CZ 的币安网今年还是表现出色。

Nobody—including, I’m guessing, CZ himself—could have anticipated where we are today. The DOJ did end up filing its charges, although not until November, with a watered-down settlement that omitted any allegations of misappropriation or fraud. And while the SEC is still pursuing its case, CZ got off with what amounts to a slap on the wrist—a four-month stint at a low-security prison near Santa Barbara, where inmates work on horse farms and spend much of the day outside, according to one prison consultant. He started his sentence in early June, as his nemesis, Sam Bankman-Fried, remains at one of the worst detention centers in the country, planning the appeal of his 25-year sentence.

没有人——我猜包括赵长鹏本人——能够预料到我们今天的处境。美国司法部最终确实提出了指控，尽管直到 11 月才提出，并达成了一份淡化的和解协议，省略了任何挪用或欺诈的指控。尽管 SEC 仍在追查此案，但 CZ 却得到了相当于一记耳光的惩罚——在圣巴巴拉附近一所低安全级别的监狱里服刑了四个月，囚犯们在马场工作，每天大部分时间都在监狱里度过。据一位监狱顾问说，在外面。他于 6 月初开始服刑，而他的宿敌萨姆·班克曼-弗里德 (Sam Bankman-Fried) 仍被关押在全国最糟糕的拘留中心之一，并计划对他 25 年的刑期提出上诉。

Meanwhile, Binance is thriving. After months of speculation that BNB’s precipitous fall could cause Binance to collapse, similar to FTX and its ill-fated FTT cryptocurrency, Binance’s proprietary token just hit an all-time high last week, cementing CZ’s status as one of the wealthiest men in the world. On Saturday, the company triumphantly announced it had reached 200 million users, including 30 million new users in the first half of this year. And in perhaps the most significant sign of the company’s recovered reputation, Mastercard quietly resumed support for payments on the exchange, after suspending services amid the regulatory overhang. With Visa and Mastercard competing on their crypto offerings, I wouldn’t be surprised to see the latter relaunch its partnership on a Binance-branded card in the coming months.

与此同时，币安正在蓬勃发展。与 FTX 及其命运多舛的 FTT 加密货币类似，人们一直猜测 BNB 的急剧下跌可能会导致币安崩溃，但币安的专有代币上周刚刚创下历史新高，巩固了 CZ 作为世界上最富有的人之一的地位。周六，该公司得意地宣布用户数量已达2亿，其中今年上半年新增用户达3000万。万事达卡在监管悬而未决的情况下暂停服务后，悄然恢复了对交易所支付的支持，这也许是该公司恢复声誉的最重要标志。由于 Visa 和万事达卡在加密货币产品上展开竞争，如果后者在未来几个月内重新启动币安品牌卡的合作伙伴关系，我不会感到惊讶。

When I interviewed Richard Teng, who took over as Binance CEO, back in April, he attributed the company’s resurgence to its willingness to make amends with regulators, institute compliance measures, and comply with the U.S. government’s burdensome monitorship requirements—a program, he said, that would also win trust with users. It’s hard to argue with the results, especially viewing FTX as a foil.

当我在 4 月份采访币安首席执行官理查德·腾 (Richard Teng) 时，他将公司的复兴归因于愿意与监管机构做出弥补、制定合规措施并遵守美国政府繁琐的监管要求（这是一项计划），他说。 ，这也会赢得用户的信任。很难对结果提出异议，尤其是将 FTX 视为陪衬。

Most of the success can likely be owed to the fact that Binance largely operates outside the U.S., from its operations to its offerings. Binance.US, of course, mostly failed following the collapses of 2022, though it still operates as a zombie company. And Binance is still grappling with the same type of unforced errors that defined its rise to the top. The fact that Tigran Gambaryan, the former IRS investigator turned Binance exec, will face more time in detention than his former boss reflects the company’s incompetence and immaturity.

币安的成功大部分可能要归功于币安从运营到产品主要在美国境外运营的事实。当然，Binance.US 在 2022 年倒闭后大部分都失败了，尽管它仍然像僵尸公司一样运营。币安网仍在努力应对那些导致其崛起的同类非受迫性错误。前国税局调查员、币安高管蒂格兰·甘巴扬 (Tigran Gambaryan) 将比他的前任老板面临更多的拘留时间，这一事实反映出该公司的无能和不成熟。

And yet, if history books are ever written about the great Binance vs. FTX war, we already seem to have a clear victor: CZ, high atop his horse at the Lompoc II federal correctional institution.

然而，如果历史书上记载了币安与 FTX 之间的伟大战争，我们似乎已经有了一个明显的胜利者：CZ，高高地骑在隆波克 II 联邦惩教机构的马上。

Leo Schwartzleo.schwartz@fortune.com@leomschwartz

利奥·施瓦茨leo.schwartz@fortune.com@leomschwartz

DECENTRALIZED NEWS

去中心化新闻

The venture firm CMT Digital, which has backed companies including Circle and Coinbase, is raising its fourth crypto-focused fund with a target of $150 million. (Fortune)

风险投资公司 CMT Digital 已经支持了 Circle 和 Coinbase 等公司，该公司正在筹集第四只专注于加密货币的基金，目标规模为 1.5 亿美元。 （财富）

Bitcoin prices fell further as traders prepared for key economic reports on Wednesday. (CoinDesk)

随着交易员为周三的重要经济报告做准备，比特币价格进一步下跌。 （币台）

A showdown is looming in Europe over the regulatory approach to stablecoins, which could mean trouble for Tether. (The Block)

欧洲对稳定币的监管方式即将展开摊牌，这可能会给 Tether 带来麻烦。 （街区）

Crypto industry leaders—and some politicians—remain convinced that Democrats will ease their approach to regulation. (New York Magazine)

加密货币行业的领导者和一些政客仍然相信民主党将放松监管。 （纽约杂志）

The Federal Trade Commission issued a new consumer warning about romance scams, which often use cryptocurrency to steal money. (Cointelegraph)

联邦贸易委员会针对浪漫诈骗发布了新的消费者警告，此类诈骗经常使用加密货币来窃取金钱。 （联合电讯报）

MEME O’ THE MOMENT

当下模因

Just wait until Apple announces Dogecoin payments:

等待苹果宣布狗狗币支付：