Staking provider Lido saw its token rise by over 12% to $45.81, and Lido staked ether is outperforming ether at on-day gains of 6.5%. Meanwhile, on-chain derivatives exchange GMX’s token is up by 8.7%, perhaps because traders are looking for derivatives infrastructure they believe is beyond the reach of the CFTC (though decentralization, historically, hasn’t been a great defense).
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- Source: https://www.coindesk.com/markets/2023/03/29/first-mover-asia-will-cftcs-action-against-binance-benefit-cryptos-asia-narrative/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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