January 13 news, according to The Block, YZi Labs, established by Binance co-founder CZ (Changpeng Zhao) and He Yi, has invested "tens of millions of dollars" in Genius Trading, with CZ also joining the project as a consultant. Genius is dedicated to building a privacy-first on-chain trading platform offering spot, perpetual contracts, and copy trading, aiming to become a decentralized version of "Binance." The platform has already processed over $60 million in transaction volume during its testing phase and plans to launch its public privacy protocol test in Q2 2026.