PANews reported on April 8 that Richard Teng, CEO of Binance, wrote on the X platform: "There has been a lot of discussion about the recent tariff escalation, and I want to share my views on what this means for the crypto market now and in the long run. The resurgence of trade protectionism is causing major fluctuations in global markets, and cryptocurrencies are no exception. In the short term, this macro uncertainty tends to trigger a risk-averse reaction, and investors will withdraw funds and wait for economic growth, policies, and trade situations to develop. However, looking ahead, this environment may also accelerate people's interest in cryptocurrencies as a non-sovereign value store. Many long-term holders continue to believe that Bitcoin and other digital assets are resilient during economic pressures and policy dynamics changes."