There is nothing short of FUDs in the crypto market especially for big names such as Binance. Recently there are so many accusations about Binance and even the U.S Senator has inquired. According to Binance's response
https://www.binance.com/en/blog/ecosystem/binance-shares-its-recent-response-to-us-senators-inquiry-1968152125579137703 , there are some public misconceptions about Binance and the team had already clarified. When I read the news, the first thing came to my mind was that BNB price was doomed to decrease dramatically. However, Binance US's weekly trading volume reached 41% of Coinbase's (global) trading volume last week, which is an ATH. (Source:https://twitter.com/cz_binance/status/1641728341962096641). At the same time, BNB price is still around $320, showing very little volatility. What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.
Binance is the largest exchange in the world, it is in first place, its ecosystem is fairly complete and its trading valuation is also very high compared to other exchanges, and of course they have a proof of reserve as a unit of trust for their users for liquidation.
Apart from that, Binance has indirectly become the pride of the market and the icon of the greatest trust in every crypto market, so that even if a problem occurs, there will always be many who will defend Binance because if left unchecked, it will definitely cause terrible natural disasters on the market.
Fuds no longer significantly influence the market because almost all investors are aware that the SEC is fighting crypto adoption which is growing day by day, and its main target are exchange market providers who are meant to provide fear.