Binance is starting to lose some of it's power. I don't want Binance to collapse, but it is good to see an all-powerful player like them get smaller for a more decentralized Cefi and crypto in general

Binance has had some spates of trouble recently. Of course they have a lot of issues in the US. The SEC order Paxos to stop issuing BUSD and since then it's become little more than a dying coin. They face allegations of unregistered securities as well as massive insider trading and most significantly, wilful evasion of regulations for commercial gain(profit). It'll be a miracle to see Binance US come out of this alive.

Binance has also left Canada due to new regulations that seem to mainly revolve around segregation of users' assets and private keys. In which case, it is troubling to hear that Binance left Canada due to those rules since they are actually beneficial.

Binance has also had their Australian financial services license revoked amid investigation. It seems to only currently affect their derivatives portion of the business. The Australian Securities and Investment Commission (ASIC) claimed that Binance had misclassified some retail investors as wholesale. One of Australia's biggest banks have also stopped business with Binance.

Be all this as they may, Binance is still expanding in new regions.They have recently gained licenses in Brazil, Thailand, Japan and a number of other jurisdictions and still have overwhelmingly the greatest market share so they're have simply lost in some areas while winning in others.