PANews reported on November 6 that according to Decrypt, the Binance Charity Foundation donated $3 million to the Spanish Red Cross to support post-disaster relief efforts in the Valencia floods. The donation aims to provide emergency assistance to the affected communities, including mobilizing necessary resources to help affected residents.

It is worth noting that the cryptocurrency community has previously provided donations during many natural disasters, such as donating $10 million to a Ukrainian humanitarian project in 2022 and airdropping $1.5 million in BNB to users affected by the floods in Central Europe this year.