PANews June 27 news, according to CoinDesk, Binance founder CZ shared his complete assessment of the crypto market slump in the first half of 2026. The current downturn has no single trigger — it is driven by three factors: geopolitical tensions, a massive shift of market funds into the AI sector, and the four-year crypto cycle. After hitting an all-time high of $126,000 last October, Bitcoin has dropped about 50% cumulatively; the yearly high was $96,000, and it is currently hovering around $60,000.

CZ said he is not worried about the industry’s long-term development. Demand for fintech transactions continues to expand, and the siphoning of short-term hot money by AI has positive significance in the medium to long term. He is also bullish on the price discovery value brought by prediction markets. On regulation, he views the US “Digital Asset Market Clarity Act” as a tactical bill that cannot determine the sector’s long-term growth. He welcomes the bill’s passage, but if US legislation lags, other regions will refine their rules first.

Regarding the US midterm elections, CZ warned that if Democrats control either chamber of Congress, they may reopen scrutiny of the pardon policies for the crypto industry and executives from the Trump era. He said he has no hidden information and is willing to cooperate with relevant inquiries, while also stating he will stay as far away from US politics as possible. An anti-crypto stance, he noted, could alienate a large number of voters.