It's all about Blackrock, Coinbase and its shareholders. These are going to be doing big business with BTC once the ETF is approved and they had to crush competition so that plebs stay out of Binance or Kraken and opt for Coinbase and the fucking ETFs that are going to be approved.
Binance going down is bullish for crypto, cuz crypto was supposed to be decentralized...
It will become even more centralized if binance goes under, Coinbase will rule the roost. A lot of those setting up ETF's have stated Coinbase as the custodian to be used if the are agreed, huge amounts of funds soon to be held there.
True. Very few see this unfortunately.