Richard Teng, who took over from Changpeng Zhao (CZ) because the CEO at Binance, has taken to his X account to handle the crypto neighborhood relating to the brand new milestone that Binance is to rejoice quickly — eight years since its basis.
Teng revealed the most important energy behind Binance that has helped it stay the most important cryptocurrency trade by quantity all these years.
Binance’s key sturdy level since 2017, per Teng
Richard Teng acknowledged that whereas Binance is nearing its eighth anniversary, he believes that it’s completely clear “what retains Binance sturdy.” It’s the 280 million customers of this crypto buying and selling venue world wide.
The guiding philosophy for Binance, per the CEO, has at all times been placing shoppers in first place. He thanked the neighborhood for supporting Binance all these years: “Grateful in your continued help.”
Approaching our 8-year anniversary, it is clear what retains #Binance sturdy: our 280M customers globally!
Placing you first, whether or not with new merchandise or refining current ones, has at all times been our guiding philosophy.
Grateful in your continued help. 🙏
— Richard Teng (@_RichardTeng) July 10, 2025
Binance was cofounded by CZ in 2017, when he and different founders launched an ICO on Ethereum, promoting BNB tokens and creating the Binance Good Chain (BSC) later, which was subsequently rebranded as BNB Chain beneath CZ’s management.
CZ makes essential AI assertion
Former Binance CEO CZ, who typically feedback not solely on information and points associated to crypto however on a variety of topics, has issued a tweet about synthetic intelligence and its potential makes use of sooner or later for everybody’s profit.
Changpeng Zhao urged that AI must be used for simplifying the present laws system, in addition to for separate legal guidelines. He acknowledged that in most international locations, legal guidelines are “gigantic, patched, added, and sometimes deliberately made complicated over time (by legal professionals).” Apart from, he mentioned, there are legal guidelines that battle with one another, and they’re “unattainable to know by a traditional particular person.” Additionally, it takes years to implement these legal guidelines in courtroom.
CZ made a disclaimer, saying that he’s not criticizing legal professionals. Nevertheless, “their time can be utilized on extra productive issues, like extra enterprise offers, extra innovation, extra progress.”
We should always use AI to simplify legal guidelines.
Legal guidelines in most international locations are gigantic, patched, added, and sometimes deliberately made complicated over time (by legal professionals). They’re additionally typically self-conflicting (nice for lengthy debates), and unattainable to know by a traditional particular person. Implementing them…
— CZ 🔶 BNB (@cz_binance) July 10, 2025
He added that whereas AI could be very helpful for textual content processing, legal guidelines must be easy and straightforward to know — by a “regular particular person.”
A commentator responded in Chinese language, accusing CZ of being incompetent within the sphere of legal guidelines and suggesting that he doesn’t communicate on subjects the place his experience doesn’t lengthen to keep away from being criticized. CZ responded in Chinese language that he has a thick pores and skin in opposition to criticism.
