In a letter celebrating Binance's sixth anniversary, CEO Changpeng Zhao reflected on the company's past challenges and highlighted key industry trends. Zhao emphasized the significance of prudent financial management learned during bear markets and discussed Binance's investments in the Terra crypto project and the FTX exchange. Despite difficulties, Binance remains committed to prioritizing and protecting users' interests. Zhao noted several trends shaping the industry: traditional finance aiding institutional crypto adoption, decentralized finance accelerating, and regulated exchanges growing despite market uncertainties. He concluded that countries embracing these trends will have lasting advantages.