🤝Binance Agrees To Multi-Billion Settlement With DoJ

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Binance agreed to plead guilty to a raft of illicit financing charges and pay an enormous $4.3B fine to the U.S. Department of Justice. The exchange's founder and long-time CEO, Changpeng Zhou, also agreed to step down as part of the settlement.

Aragon's DAO is making the unprecedented move of pursuing legal action against the project's development team, the Aragon Association. Tokenholders accuse the association of seeking to withhold $50M in assets as part of an unfair redemption plan amid the entity's dissolution.

And Blast, the forthcoming Layer 2 from the co-founder of the leading NFT marketplace, Blur, has attracted more than $100M in deposits from airdrop opportunists. However, Blast is quickly garnering criticism from many prominent web3 voices.

✍️ In today’s newsletter:

Binance to settle with DoJ for $4.3M
Aragon DAO to sue Aragon Association
Degens pile $100M into Blast

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🎬 WATCH

Check out our interview with Star Atlas CEO, Michael Wagner to learn more about the web3 gaming and Solana ecosystems. And watch our podcast with David Gogel of the dYdX Foundation to find out why his team migrated from an Ethereum Layer 2 to a Cosmos appchain.

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