Good morning Asia, here's the market situation: 1. Bitcoin rises over $28.3K, despite ongoing concerns about the CFTC's suit against Binance. 2. A DAO rallies around the Ethereum Goerli test network. _jocelynyang_ and shauryamalwa write
, which measures the overall crypto market performance, recently rose 3.4%.
In the lawsuit filed Monday against Binance in U.S. District Court in Illinois, the CFTC called several cryptos including BTC, ETH, litecoin , tether and Binance USD commodities. U.S. Securities and Exchange Commission Chairman Gary Gensler hasamid an ongoing feud between the agencies about jurisdiction.
James Lavish, managing partner at the Bitcoin Opportunity Fund, called Wednesday a"risk-on" day across the board as investors appeared to position themselves and their books ahead of several data releases later this week, including Thursday’s U.S. final fourth-quarter GDP figure release and Friday’s personal consumption expenditures inflation data.
showed that currently over 62% of traders predict that the U.S. central bank will not raise its interest rate in its May monetary policy meeting.China completed"This strengthens the argument that bitcoin may be used as a means of exchange in large cross-border energy trades in the near future," he said. “That said, I believe this reality, while valid, is still a ways off.”
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