Binance CEO Richard Teng emphasised the enduring strength of Bitcoin (CRYPTO:BTC) and cryptocurrencies, citing over $14.7 billion in net inflows to U.S.-listed Bitcoin ETFs over the past six months.

Despite recent price volatility, Teng underscored the industry's robust long-term fundamentals and urged continued focus on innovation and development.

He expressed optimism for the sector's growth, anticipating advancements in regulatory clarity, user experience, and institutional adoption.

Teng's remarks come amid ongoing challenges for Binance, following regulatory actions and leadership changes, as the platform navigates compliance improvements and community engagement in the evolving crypto landscape.