Binance CEO: Falling crypto and stock prices do not portend long-term negative trend

Odaily News Richard Teng, CEO of Binance, said on the X platform that the recent sharp drop in cryptocurrency and stock prices was affected by macroeconomic factors. We do not believe that this indicates a long-term negative trend. The possibility of market volatility remains high due to possible interest rate cuts by the Federal Reserve and geopolitical fluctuations.