In the past few days, X has been criticized by foreign KOLs, facing severe backlash.
Everyone hopes Binance will collapse and fall.
If Binance is completely replaced by American exchanges like Coinbase and Kraken,
Chinese people in the crypto space will indeed be reduced to a status worse than dogs in an instant.
The power of discourse, pricing power, and listing rights will all be lost, and project parties, KOLs, and retail investors will have to bow down to American regulations, while the Chinese community will be directly marginalized.
The only sense of existence is that in recent years, platforms owned by Chinese bosses like Binance, OKX, and Gate have been holding on,
with much Alpha, narrative, and traffic still in the hands of the Chinese.
Cherish it, once fully Americanized, even if the Chinese X is lively, it will just be self-indulgence, and the real lifeline will be choked by others,
as with China's chips, it may sound fierce, but there’s not a single fighter.
Currently, Binance Square is already the ground for the Chinese community and even for Web3 communication, able to stand shoulder to shoulder with X, equally matched,
Binance is good, only then can the Chinese have more advantages in web trading, and not be tightly restrained by the government, allowing everyone more trading freedom. Do you think so? $ETH $PAXG