When binance boosted about their reserves, many of us thought it was a joke and today we have seen that binance is able to pay any fine and still stand strong.
I thought BNB will drop upto 50% after CZ resignation, but I wasn't even upto 10% and has already corrected. So, there's no other FUD that will pull the market down. Binance is in auto pilot and doesn't need 100% intelligence to keep working.
What I can say is the Fed wouldn't be giving up and other things will work in their favor, already
Binance exchange partners are now the target with law suits which might drive away potential business partners which will dry the pockets of Binance and their reserves. The only way I see them combating the lack of revenue that would soon be their problem is to charge more for listing fee and list more altcoins but soon they'll run out of projects to list or their listing won't have much effect on projects growths anymore, making them to lose patronage from crypto products. The money will move over to other exchange and then the so called reserve will dry up and the crisis begin to unfold in front of our eyes.
The mistakes most people commenting on this issue is making is thinking, Binance exchange is too big to fail but no CEX has such quality. The fine wasn't a big money for an exchange like Binance exchange but when they can't replace the money to keep their reserve up then we'll begin seeing similar situation to other CEX that has seized to exist in the past.
Agreed that Binance's CEX dominance might end very much similar to Bittrex, however, their new CEO Richard Teng appears to be capable enough on
cleaning the exchange's operations to make it more favorable for regulators.
Richard Teng also appears to be very qualified for his new job because he has much experience on financial regulation and helped create regulatory frameworks in Singapore and Dubai. We might witness some countries adopt his ideas and let the cryptospace run more smoothly under their jurisdictions.