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The Crypto Catch-Up…

Snacks / Friday, July 21, 2023

🤖 Techy… Nasdaq said it’s bailing on plans to offer bitcoin and ether custody to institutional investors. The U-turn comes as crypto’s regulatory status remains in flux — and suggests Wall Street is wary of digi assets. 

💰 Spendy… Binance cut employee benefits while pointing to declining profits after recently laying off 1K+ employees. The world’s largest crypto exchange is facing lawsuits from regulators accusing it of operating illegally.

🌶️ Spicy… Someone on Arkham Intelligence’s new crypto-intel marketplace offered to pay a bounty to anyone who could ID Elon Musk’s crypto wallet. Critics call the marketplace "dox to earn," but Arkham insists it’s democratizing sleuthing.

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