ChainCatcher news, Binance CEO Richard Teng stated in the Binance Square AMA titled "Celebrating One Year of Binance CEO" that Binance has a strict and comprehensive due diligence process to determine which tokens or projects can be listed on the platform, including Launchpool, Megadrop, and others.Richard Teng pointed out that there is an independent team within Binance responsible for research and evaluation, and they do not interact with the outside world to ensure their independence and that they are not improperly influenced in decision-making and evaluation.Richard Teng stated that the key criteria for evaluating projects are primarily the quality of the project and the team behind it. Secondly, innovation and the project roadmap, and thirdly, market demand and community involvement in the project's use cases, practical applications, as well as security and compliance.

ChainCatcher news, Binance CEO Richard Teng posted on X that the platform has 240 million registered users.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform that the platform has 240 million registered users.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform: "We are deeply relieved and grateful that Tigran Gambaryan has finally been released after being detained in Nigeria for nearly eight months. During this difficult time, Tigran has shown tremendous strength, and we commend his resilience in such severe adversity. We are very thankful to everyone who has dedicated countless hours to support Tigran's release. Tigran's health and well-being remain our top priority, and we are glad that he can now receive the urgent medical care and rest he needs with his family. Binance remains committed to working with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We look forward to putting this incident behind us and continuing our efforts to create a brighter future for the global blockchain industry. Nigeria has a young, tech-savvy population with a strong interest in digital finance, fully capable of leveraging blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this endeavor."Previous news from yesterday, according to DL News, Nigerian prosecutors withdrew criminal charges against Binance executive Tigran Gambaryan on Wednesday; Tigran Gambaryan has been detained in the African country since February.

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated that his team has been "working day and night" to bring back the detained executive Tigran Gambaryan from Nigeria, as his health is deteriorating. "We have repeatedly called on the Nigerian government to release Tigran so that he can go home and receive the proper treatment he needs.""There is no need to detain our employee. He has been unjustly and unfairly imprisoned," Teng said at the TOKEN2049 conference held in Singapore on September 19."This is painful for all of us," he said, "especially for his family. For Binance, this is our top priority. We have an internal task force working around the clock to explore different avenues, from legal to political, to help Tigran return home."Teng hopes that the U.S. can designate Gambaryan as unlawfully detained to expedite the process. He added that Binance is also trying to appeal to the Nigerian government to release Tigran on humanitarian grounds.He also mentioned that since being detained in Nigeria, Gambaryan has contracted malaria and pneumonia twice. His worsening health condition even caused him to faint suddenly during a court appearance in May.

ChainCatcher news, Binance CEO Richard Teng commented on the expectations of interest rate cuts, stating, "We expect that the expectations of interest rate cuts will have a significant impact on the prices of crypto assets. Lower interest rates enhance the liquidity of the financial system, thereby boosting the demand for high-yield, high-risk assets, including cryptocurrencies. For example, from February 2020 to February 2022, when interest rates were near zero, the price of Bitcoin increased by 375%.Lower interest rates may raise concerns about inflation, prompting some investors to turn to cryptocurrencies to protect their purchasing power; low rates may also weaken the dollar, leading more investors to view crypto assets as an alternative store of value. Bitcoin and other crypto assets have unique characteristics that may influence their prospects during periods of interest rate cuts. One key factor to consider is the recent Bitcoin halving, as historically, price increases have generally occurred 6-18 months after similar events. The launch of spot ETFs could also facilitate easier transitions between stocks and cryptocurrencies, allowing the liquidity growth brought by interest rate cuts to flow into the crypto market.Moreover, while September is typically a weak month for crypto assets, prices usually begin to rebound in October, and the expectations of interest rate cuts may provide additional momentum as prices recover. The impact of the Federal Reserve's interest rate cuts on the crypto asset market remains uncertain, but several indicators suggest that the policy changes in September may be timely for cryptocurrency investors. Lower borrowing costs and increased liquidity present a hopeful outlook for crypto assets. Historical trends and unique cryptocurrency-specific variables further enhance optimism that these policy changes could foster growth."

ChainCatcher news, according to Axios, Binance's current CEO Richard Teng confirmed that former CEO Zhao Changpeng (CZ) is permanently banned from managing or operating the company. According to an agreement with the U.S. Department of Justice (DOJ), Zhao Changpeng will be prohibited from participating in the company's daily operations after completing his imprisonment on September 29, 2024.However, as the largest shareholder, Zhao Changpeng retains all shareholder rights and will continue to have significant influence over the company. Teng stated, "If the company's performance does not meet expectations, as an investor, he has the right to replace or nominate new board members or a CEO, and shareholders can propose resolutions at any time."

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated that Zhao Changpeng is permanently banned from managing or operating the exchange, rather than just for three years as previously reported by many news outlets.

ChainCatcher news, Binance CEO Richard Teng made a strong statement regarding the trial of company executives in a Nigerian court. Teng stated in the statement: "This inhumane treatment of Tigran must end. He should be allowed to return home for medical treatment and to reunite with his family."Previous news, according to DL News, ailing Binance executive Tigran Gambaryan pleaded with a Nigerian judge on Monday to allow him to undergo back surgery due to his herniated disc.

ChainCatcher news, Binance CEO Richard Teng stated in the official Binance blog that former U.S. federal agent Tigran Gambaryan's physical and mental health has rapidly deteriorated after being detained in Nigeria for six months. Currently, Tigran is suffering from severe pain due to a herniated disc and is unable to walk, but the Nigerian government refuses to provide him with adequate medical services, including basic needs such as a wheelchair. The Nigerian government should not continue to detain Tigran based on unfounded accusations, and there is no need to imprison innocent employees to hold them accountable for any allegations against Binance.Richard also stated, "Tigran, as a U.S. citizen, should not be subjected to such unjust treatment. I sincerely hope that the U.S. government and relevant political institutions can exert their influence to bring Tigran home as soon as possible so that he can receive proper treatment and reunite with his family." He added, "Once these issues are resolved, we hope to collaborate with the Nigerian government to support the development of the Web3 industry, create more opportunities for its young and talented workforce, and attract more international investment opportunities."

ChainCatcher news, according to CoinDesk, Binance's new CEO Richard Teng discussed various changes and plans for Binance in an interview. Teng stated that Binance is no longer in a "founder-led" model, but has transitioned to "a more decentralized company" led by a board of directors. Binance has introduced three independent directors and assembled an experienced executive team to manage daily operations. This shift aims to strengthen corporate governance in response to the increasingly stringent regulatory environment.Teng clearly stated that Binance currently has no plans for an IPO, as the company's financial situation is sound, having remained profitable since May 2017, and does not need to raise funds through an IPO or other financing methods. Additionally, Teng mentioned the challenges Binance faces in global compliance. He revealed that Binance currently holds 19 regulatory licenses worldwide, but still has to carefully weigh the impacts of various regulations and taxes in the absence of clear guidance. The situation regarding Binance's U.S. employees being detained in Nigeria is still ongoing. Teng indicated that Binance will not rush to return to the U.S. market but will cautiously assess changes in the regulatory environment.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform stating that the market is cyclical, and experiencing ups and downs is not uncommon. It is very important to focus on the long term when making investment decisions. Here’s a reminder that it has only been 3 months since the most recent Bitcoin halving. This is not financial advice, DYOR. At the end of the article, there is an image showing the Bitcoin price increase 6 to 12 months after each halving, including a 7043% increase one year after the 2012 halving, a 289% increase one year after the 2016 halving, and a 559% increase one year after the 2020 halving.

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated in a recent interview: "Although we expect these ETFs to receive stable capital allocation, the initial impact will not be significant and will fluctuate based on various macroeconomic factors."MV Global partner Tom Dunleavy mentioned that the Ethereum spot ETF could see inflows of $5 billion to $10 billion within a few months of its launch.

ChainCatcher news, Binance CEO Richard Teng emphasized the strong interest in Bitcoin and other cryptocurrencies, noting that Bitcoin exchange-traded funds (ETFs) listed in the U.S. over the past six months have attracted over $14.7 billion in net inflows. Teng highlighted the strong long-term fundamentals of the industry and urged the community to stay focused and continue building despite market volatility.

ChainCatcher news, Binance CEO Richard Teng stated that Binance has pointed the way forward for other industry participants and learned from Binance's experiences to avoid the many setbacks and harms that Binance has encountered along the way.In recent years, Binance has invested heavily to strengthen compliance and security programs and personnel, aiming to establish Binance as the gold standard in these areas. From proposing a unified trust-building framework for all centralized cryptocurrency exchanges to open-sourcing the proof of reserves (POR) system code, Binance has implemented initiatives designed to encourage broad participation from blockchain and Web3 business partners.Richard Teng urged his peers to learn from Binance's mistakes rather than repeat them, advising them not to be like a small boat quietly waiting for the tide to rise, but to go with the flow.

ChainCatcher news, Binance CEO Richard Teng published an article titled "The Owners and Disruptors in the Era of Blockchain Innovation," in which he pointed out that Binance's user count has surpassed 200 million, marking an important milestone in the history of innovation. Blockchain and Web3 are developing at an unprecedented speed, with the technology disruption cycle accelerating. Bitcoin, launched in 2009, laid the foundation for a new asset class and attracted mainstream global attention in less than a decade. The time from the emergence of this technology to the widespread deployment of consumer applications based on it is very short.Currently, millions of people around the world are using digital assets to efficiently transfer value online, participate in decentralized finance (DeFi) activities, and benefit from various smart contract-supported functionalities, ranging from digital art to decentralized autonomous applications.

ChainCatcher news, Binance CEO Richard Teng stated: Binance has obtained a virtual asset service provider license in Dubai and is still in discussions with relevant regions regarding the location of its headquarters.