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WORLDCON

The Crypto Catch-Up…

Snacks / Friday, August 18, 2023

🌶️ Spicy… Small to midsize exchanges like Huobi and KuCoin are snatching market share from 800-pound gorilla Binance. The world’s largest crypto exchange is being squeezed by regulator suits in the US and license-application rejections in the EU.

🤹‍♀️ Quirky… Traders poured $450K+ into Coca-Cola’s Masterpieces NFT offering, lapping up digi-tokens tied to bottle-themed art. Meanwhile, prices for “blue chip” NFTs like Bored Apes and Doodles have sagged 40% over the past few months.

🤔 Sus… Scammers are riding Worldcoin’s crypto coattails in early-adopter Kenya (350K+ signups), conning new users out of coins. The biz behind the eye-scanning orb has been met with growing concern over privacy risks since its July launch.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.