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Binance's ongoing FUD. What's next? What changed?

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by COINS NEWS 152 Views

Binance's ongoing FUD. What's next? What changed?

DISCLAIMER: I use Binance as an exchange, I don't have investment in BNB, I use BNB chain for some NFTxGames.

This is what I'm seeing during the last 3 months:

  • Audit "fails", insufficient funds, "bank run"
  • Paxos' SEC lawsuit, BUSD is a security
  • Kevin O'leary, National TV, BNB has no value
  • Binance.US moves "big" funds to CZ
  • CZ used costumers funds for hedge
  • Withdrawal of BUSD, "bank run"
  • What's next?

Binance's FUD Board

Binance didn't stopped working during that period, trading, withdrawals, daily volume, are look normal for the state of the economy, especially compared to other exchanges.

Binance stats:

Spot Trading

Derivatives

Proof of Reserves

BNB as a chain has a lot of thing going on, from the stats, it looks like one of the most active chains, the price stayed "stable" during all those 3 months. The ecosystem seems to grow month by month.

BNB stats:

Active Addresses, deployed Smart Contracts, Transactions, Price chart

BNB Chain's growing ecosystem

As it seems nothing changed on the development of BNB Chain and Binance CEX seems to continue working like usual. BUSD was "canceled", so no more is being made by Paxos, only it gets burned, during withdrawals. Why all those news didn't have much impact on prices? Did everyone who was getting affected by FUD already left the space, during the FTX dips? I would like to hear the opinions from the biggest community in this space.

What's the next Binance FUD that could shake even the diamond hands? ????

submitted by /u/Geobli
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