Binance CEO Richard Teng: The Recent Market Turbulence Is a Tactical Retreat, Core Drivers of Crypto's Growth Remain Firmly

Binance CEO Richard Teng shared his thoughts on the recent market turbulence on X platform. He stated that the recent market turbulence should be viewed as a tactical retreat, not a reversal.He further explained that price movements often overshadow what's happening beneath the surface, but the core drivers of crypto's growth remain firmly intact. Richard Teng emphasized that institutional investment interest continues to rise, ETF inflows remain strong, and new applications are filed regularly.At the same time, Binance also continues to see steady inflows of new users.Additionally, Richard Teng mentioned that the recent dip stems largely from the Fed signaling a cautious approach to rate cuts.However, if inflation trends downward or the job market weakens, the Fed could shift its stance quickly.