Binance is under a lot of regulatory pressure. There is a US Senate probe, so future fines, restrictions, or operations limits are possible (this is a big one, coming after a $4.3 billion fine in 2023).
Market sentiment also has an impact — crypto prices have been volatile these days, with coins like BTC dropping (e.g. BTC has fallen below $64,000).
But it’s not a direct “war” (military conflict like a war); it’s an overall increase in risk for crypto due to geopolitical tensions (like US-Iran, Russia-Ukraine, Israel-Palestine). Binance specifically is in the spotlight for sanctions non-compliance.
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