• Bitcoin breaks $31k, continuing to shake off recent slumps.
• Supreme court rules in favor of Coinbase, moves user lawsuit into arbitration.
• Binance legal woes intensify as Brazil lawmaker seeks to question general manager.
Bitcoin Breaks $31K
Bitcoin recently broke $31k as it continues to recover from its previous slump. This is a major sign of growth for the cryptocurrency and could signal further movement in the near future. The news was welcomed by many investors and traders alike, who have been eagerly waiting for a positive shift in the market.
Supreme Court Favors Coinbase
The Supreme Court has recently ruled in favor of Coinbase, issuing an order that will move at least one user’s lawsuit into arbitration. This decision came as a result of a dispute between the two parties and is likely to set a precedent for how similar cases are handled in the future.
FTX Files Complaint
FTX filed a complaint against „super-networker“ Bankman-Fried seeking to retrieve $700M that had allegedly gone missing due to connections courted by Bankman-Fried. The details of the case remain unclear but this could be another major legal battle for FTX if it proceeds through the courts.
Stably Pauses Withdrawals & Minting
Stably recently paused withdrawals and minting after Prime Trust halted deposits from certain customers due to potential compliance issues with US regulators. Stably stated that this was done out of caution and that they would resume normal operations when Prime Trust resumed deposits again.
Binance Legal Woes Intensify
Binance’s legal troubles have intensified as one Brazilian lawmaker has sought to question their general manager over allegations of money laundering and tax evasion within the exchange’s operations. It remains unclear what will come from this investigation but it could spell more trouble for Binance if any wrongdoing is discovered on their part.
