Part of a deal apparently includes the Department of Justice making a deal with Zhao who is living in the United Arab Emirates which has no extradition treaty with the USA. He has agreed to pay a $50 million fine. For Binance is $4 billion to resolve the Binance case a reasonable deal?
A major result is that DeFi is becoming less competitive. This has implications for investors and for the future of decentralization which has been the goal of crypto from day one. Will DeFi consolidation result in centralization or is the sector just regrouping?
In this regard a new company with a fresh idea with backing by defense contractor Grumman is worth one’s attention. The bottom line is this. Will Northrop Grumman go into commercial aviation?