Binance's Legal Woes Threaten Bitcoin's Rise.
TL;DR
Despite the Commodity Futures Trading Commission's lawsuit against Binance, Bitcoin rose above $28,000, up 3.9% over the past 24 hours and outperforming other assets such as ether, stocks, and gold. Meanwhile, a decentralized autonomous organization called GoerliDAO is rallying to keep the Ethereum Goerli test network alive, which has been a proving ground for major upgrades such as the Merge. The DAO is using goerli ether (gETH) to incentivize activity on the network and preserve it as a canary network for future innovation and incentivization in the world of decentralized finance.
- First Mover Asia: Bitcoin Rises Above $28.3K Despite Binance Legal Woes CoinDesk
- Binance Sees $2 Billion in Outflows as Troubles Compound The Wall Street Journal
- Binance Crackdown Reveals How Rigged The Crypto Game Is Defector
- Op-ed: Binance’s reputation at risk as CFTC allegations raise concerns CryptoSlate
- How Could CFTC Complaint Against Binance Impact U.S. Users? CoinDesk
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