On July 10, $BNB , I consolidated all funds from other exchanges and transferred them to Binance, purchasing BNB spot at the price of 672 USD in full. My reasons for this operation are as follows:

1. Binance's earnings as endorsement: BNB is steadily burned every quarter and has stable returns (such as launchpool), it can be regarded as Binance's 'coin stock.' Believing in the development of this industry, why not bet on the industry leader?

2. The future prosperity of the BNB public chain: After CZ's return, it is clear that Binance's policies have changed. This is no longer the final stop for on-chain liquidity exit, but rather a connection between on-chain and exchanges, using various activities of the exchange (especially the alpha series) to drive traffic to the BNB chain and promote Binance's wealth creation myth.