Summary
TLDR: U.S. sanctions could impact Binance globally, affecting BNB’s performance tied to the exchange and potentially impacting the broader BNB network.
Key Points
1. U.S. sanctions on Binance were impacting the sentiment around the exchange beyond just the U.S.
2. The performance of BNB is closely tied to the activity and volume on the Binance exchange.
3. Any decline in user activity and volume on the exchange could have a negative impact on the broader ecosystem of the BNB network.