Cathie Wood, in a recent interview/podcast (around January 26-27), explicitly mentioned Binance: -She attributed the main reason for the weak price of Bitcoin (BTC) in the past 2-3 months to the flash crash event on October 10, 2025, which was caused by a Binance software glitch and resulted in approximately $28 billion in forced deleveraging in the fully encrypted market. -BTC, as the most liquid asset, has been hit the hardest. -She believes that the deleveraging process is basically over, and 'the worst is likely over'. -Currently, BTC is bottoming out in the 80K-90K (or 80K-92K) range, and institutions are no longer questioning Bitcoin, but are beginning to allocate it. -The overall cycle is still optimistic, the bear market stage has passed, and now it is the stage of positioning and upward trend. In addition, in the "Big Ideas 2026" report just released by ARK Invest, there is a section specifically mentioning: -DeFi derivative platforms (led by Hyperliquid) are seizing market share in perpetual futures from Binance. -This is seen as part of the trend towards decentralization in the cryptocurrency market, and the report generally holds a positive attitude towards the maturity stage of crypto (institutional adoption, clear regulation, on chain products, etc.), but objectively points out that centralized exchanges such as Binance are losing their share in the derivatives field. She herself did not express a strong positive or negative stance towards Binance as a whole, mainly mentioning this malfunction when explaining market events and being optimistic about the overall direction of encryption (Bitcoin, AI, etc.). If you want to hear the original words, you can search for CryptosRus or ARK related videos/podcasts. Report link: https://www.ark- (invest. com)/big-ideas-2026 (with a crypto section, but not specifically targeting BNB).