According to Reuters, Binance CEO Richard Teng stated that Bitcoin's sharp drop over the past month was mainly due to investors deleveraging and risk aversion, which aligns with the performance of most major asset classes. He emphasized that while Bitcoin has pulled back, it is still more than double the price compared to when institutions like BlackRock entered the market in 2024. Teng also noted that Binance has yet to decide whether founder Changpeng Zhao (CZ) will return after receiving a pardon from Trump. CZ remains the majority shareholder and retains corresponding rights, but Binance's daily operations are managed by a board of seven directors, including three independent directors. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52266