Snacks
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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