Binance Downgrade
There is a weakness in Binance (BNB) where the right combo of transactions can cause an avalanche of cost. Do you send crypto to Binance, exchange for stablecoin always, and then redeem for cash? I know the cheat code to implode them is there, a competitor just has to look carefully.
The point of this is Binance can’t no longer defend against other exchanges initiating such an attack. Whether it occurs now or during a stress test BNB will lose a lot of influence which hurts the continuation of their criminal rackets.
BNB will take a greater interest as a holding company in the Middle-East and Africa regions but functioning like a black hat enterprise. The data they collect to be used for political plots.
In other regions BNB serve as liaisons where they want the brand to be chic, however they lack the necessary brand power over an extended period of time and will rely on free financing.
With U.S policy favorable towards the ecosystem and a bull market the BNB will be able to maintain their jostling, and garner some industry support. But the talk will be the politics of it all.
I see BNB first falling in Korea, but BNB ideological influence won’t. I think to defeat the beast we must promote economic expansion. Solely their economic expansion.
Which is why Binance downgrade has to be initiated. As they pivot more into the geopolitical scene the risk they pose to the ecosystem could cause a confidence meltdown.