🦎🚀 Europe front-runs the SEC 🏛️

Wednesday, August 16, 2023

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Scaling Back

GSR, one of the oldest market makers in the crypto industry, has made the decision to reduce the size of its operations, resulting in the departure of its Chief Financial Officer (CFO) and other crucial executives.

This shift in strategy by the firm has been primarily concentrated on the United States. This move is attributed to a combination of factors, including decreased interest in token listings due to the bearish market conditions, the relatively higher cost of talent in the U.S., as well as heightened regulatory uncertainties.

In today's news, we have Binance shutting down its crypto payments service, Europe launching its first spot Bitcoin ETF and SEI mainnet launching.

Read on!

NFT Debtor Lost $195K in Worst Liquidation

In one of the most extreme cases, a debtor lost at least 10X what they had borrowed on an Azuki-backed loan.

Another debtor lost $131K when they failed to repay a $23K BAYC-backed loan.

Read more: https://gcko.io/mmbntjv

24h Hot Searches Worldwide 🔥

ApeCoin (-10.1%)
Trust Wallet (-6.0%)
Polygon (-6.9%)
Sei (+36.7%)
CyberConnect (-28.1%)
Unibot (+7.2%)
THORChain (+1.6%)

Telegram bots are one of the latest trends to capture the crypto community Find out what they're all about, how they work, and their risks in this video!

Let's find out here!

Shut Down

Binance, a major cryptocurrency exchange, has revealed its decision to discontinue its crypto payments service, Binance Connect, as part of a strategic move to prioritize its core products.

Launched in March 2022, Binance Connect was designed to facilitate the acceptance of cryptocurrency payments by merchants, aiming to assist businesses in becoming "crypto-ready," as stated by the exchange during its launch.

CoinDesk

Europe's First

Jacobi Asset Management has listed Europe's first spot Bitcoin ETF on Euronext Amsterdam.

Named the Jacobi FT Wilshire Bitcoin ETF, this fund asserts itself as the initial digital asset fund to adhere to SFDR Article 8 guidelines, owing to its decarbonization strategy.

Decrypt

Fresh L1

The SEI mainnet has been successfully launched following a testnet phase that saw the creation of over 75 million wallets.

Sei's primary objective is to establish a blockchain that provides users with convenient asset exchange capabilities, as stated by the project's team. Whether these assets are intended for social platforms, gaming, or NFTs, Sei aims to deliver the most seamless experience possible.

CoinDesk