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The Crypto Catch-Up…

Snacks / Friday, September 29, 2023

💰 Spendy… Binance said it would sell its Russian biz as the DOJ reportedly investigates the world’s largest crypto exchange over possible sanctions violations. This year Binance has laid off 1.5K staff as its market share shrinks.

🤹‍♀️ Quirky… House Representatives pressed SEC Chair Gary Gensler over whether he considers Pokémon cards securities (his answer: no). But the regulator wouldn’t say the same for a theoretical tokenized Pokémon card. 

📸 Flashy… Coinbase said Bermudan regulators OK’d its plan to offer perpetual futures outside the US. It could be big biz for the exchange: the majority of overseas crypto trading involves derivatives like perpetual futures.

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