all this fuss has nothing to do with china, this is only business of Binance being deemed to have violated some rules set by the SEC to make the cryptocurrency ecosystem in the country healthier (they said).

maybe for now the valuation of the crypto market will be quite affected, considering that Binance and BNB are 2 entities that influence the crypto market and this news has a negative impact on both of them which causes disruption to the valuation of the global crypto market. hundreds of millions of dollars in losses will be inevitable, considering that this news is bad news for the crypto market and causes a decline in the confidence of investors. but this is only temporary, of course the crypto market will get better in the future, it just takes time.