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ORDINAL

The Crypto Catch-Up…

Snacks / Friday, March 03, 2023

🪙 Coins… Coinbase said it would suspend trading of Binance-branded stablecoin BUSD (formerly the third-largest stable). Last month regulators ordered BUSD issuer Paxos to stop minting the coin.

📸 Flashy… Yuga Labs, the crypto biz behind Bored Apes, said it's launching a new NFT collection on bitcoin. The 300 "TwelveFold" NFTs will join a growing number of digital assets tied to bitcoin’s blockchain (aka: ordinals).

💰 Costly… Crypto conglomerate DCG said it lost $1.1B last year, pointing a finger at declining crypto prices. Also: DCG’s crypto lender, Genesis, declared bankruptcy in January.

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