The cool side of the blazing crypto ecosystem.
A Web 3.0 newsletter covering the latest news that matters.

What’s in today’s cooler:

• Market Monday Update

• 130 Countries are Exploring Central Bank Digital Currencies

• Top Binance Execs Leave from CEOs Response to Investigation

• More On Tap News

Currently a total of 130 Countries, 2/3 of all countries, which represents 98% of the global economy are exploring digital versions of their currencies. With that nearly half of them are in serious development, launch or pilot stages.

Information from the US Atlantic Council stated, significant progress over the past six months meant that all G20 Countries with the exception of Argentina were now in one of those advanced phases.

At this moment there are 11 countries that have already launched central bank digital currencies (CBDCs). China has now onboarded 260 million people and their CBDC can cover over 200 scenarios including government stimulus payments.

As for the US, the digital dollar is in progress but only a bank-to-bank version now. President Biden told government officials to assess the risks and benefits back in March 2022. Also, the Federal Reserve said back in January of this year that Congress would be the one to determine if a digital version of the dollar is launched.

Read about more countries in this article.

As many may know the SEC has recently filed 13 charges against Binance and the CEO Changing Zhao or CZ for short. Lots of scrambling behind the scenes and CZ has stated he is not concerned at all.

This past week, three senior employees left the top crypto exchange, Binance. The three employees include;

• Binance General Counsel, Han Ng

• Chief Strategy Officer, Patrick Hillmann

• Senior Vice President for Compliance, Steven Christie
  

On top of that, the Global Vice President of Marketing and Communications, Steve Milton left a month ago. ON TOP OF THAT, the Global Head of Intelligence and Investigations, Matthew Price left earlier this year.

Wow… Are these executives jumping off the ship before it sinks?

Time can only tell what will happen with all these allegations and Binance. They are the biggest exchange in the world by far with nearly $4 billion dollars in trading volume in a 24 hour period.

On Tap News

Coinbase knew they were breaking the securities law violations

Crypto Executives Stay Positive Despite Funding Slump - Little surprised when so many told firms are filling for BTC ETF.

The Real Use Case for CBDCs

SEC Approval of Spot Bitcoin ETF Won’t be a Game Changer for Crypto - Could be a game changer for all those who don’t know anything about crypto.

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Disclaimer: The information shared in this newsletter is for informational purposes only and should not be considered financial advice. It is crucial to conduct independent research and consult with a financial advisor before making any investment decisions.