[Binance CEO Says Bitcoin's Sharp Decline Due to Deleveraging and Risk Aversion] Binance CEO Richard Teng stated that Bitcoin's sharp decline over the past month was primarily driven by investors deleveraging and risk aversion, consistent with the performance of most major asset classes. He noted that despite Bitcoin's pullback, it is still more than double the price compared to when institutions like BlackRock entered the market in 2024. Additionally, Teng mentioned that Binance has yet to decide whether founder Changpeng Zhao will return following his pardon by Trump. Changpeng Zhao 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.