1. Regulatory Approval
The Coinbase International Exchange will follow the regulatory approval from the Bermuda Monetary Authority (BMA) and new platform will initially offer Bitcoin and Ethereum perpetual futures, Coinbase said.
2. Fund Raising
Animoca Brands Corp. is looking to raise about $1 billion this quarter for its new Web3 and metaverse investment fund, sharply scaling back its ambitions during the current crypto industry meltdown.
Factbox: Binance, world’s top crypto exchange,at the center of US investigations
The United States securities regulator has handed down nearly $4 million in fines to crypto exchange Coin me for allegedly offering unregistered securities and giving “misleading statements” on its crypto token UpToken (UP).