Binance founder Changpeng “CZ” Zhao has listed several factors that could be responsible for the crypto crash, including the planned Anthropic IPO this week. He also debunked rumors that Binance was selling and pressuring these crypto assets, though he admitted the recent hack may have dampened sentiment.

CZ Points To Anthropic IPO For Crypto Crash

In an X post, the Binance founder noted that no one could point to a certain reason why crypto prices are down. However, he gave some potential reasons, including the Anthropic IPO, citing how money could be flowing from crypto assets to the public listing that is expected to happen this week.

CZ alluded to a post from Strive CEO Matt Cole, who noted that a similar crypto crash occurred…