CZ responds to CFTC Suit and MakerDAO approves 'Constitution'
Crypto markets seem to be taking yesterday’s Binance news in stride, with BTC down just 0.40% today at time of writing and ETH up 1.88%. SPX and NDQ were down 0.10% and 0.63%, respectively. Interestingly, the ETH/BTC ratio appears to be stabilizing ahead of the Shanghai withdrawals on April 12th. ETH/BTC was up 2.33% today and nearly 4% from last week’s low. Today’s outperformers include liquid staking derivatives LDO and RPL, which were up 2.95% and 8.87%, as well as XRP, up 4.80% as traders speculate ahead of its upcoming case vs. the SEC. After yesterday’s Binance news, several decentralized exchanges, such as GMX (up 4.17% today), received attention from the market. Since the FTX collapse in November, these decentralized exchanges have seen steady increases in volume, and Binance’s case with the CFTC could accelerate this trend.
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