The Daily: Binance sues WSJ over Iran-linked report as DOJ probes alleged sanctions evasion, Bitwise CIO explains how bitcoin could reach $1 million, and more

Binance is facing scrutiny as the Department of Justice investigates potential sanctions evasion involving Iran, with over $1 billion in crypto flows under examination. Simultaneously, Binance has filed a defamation lawsuit against the Wall Street Journal regarding a report on this matter. Bitwise CIO Matt Hougan believes Bitcoin could reach $1 million, comparing its potential to gold as a store of value, estimating a significant market share increase. Other news includes Ripple’s plan to acquire BC Payments for an Australian financial services license, an oracle glitch causing $26 million in unfair liquidations on Aave, and Wells Fargo’s trademark filing for 'WFUSD' indicating potential crypto services. Upcoming events include U.S. jobless claims data and speeches from Bank of England and FOMC officials.

(Source：The Block)