12th June: Crypto & Coffee at 8
🚀 Gary Gensler Token to the 🚀 Cryptomarket down🔻. Key highlights for today’s episode are below

- SEC vs Global crypto market+ DeFi is vol only at $1.9B
- Metaverse tokens hit the most in 7 days
- Robinhood to Delist #Cardano, #Polygon, & #Solana
- Crypto.com suspends US institutional exchange service,
- OKX Partners with Komainu
- Nigeria regulator halts Binance Operations

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts where we delve into the global crypto market, and share our opinions on the volumes of #defi, stablecoins & more. Metaverse platforms hit the most in the last 7 days this is despite Apple announcement of Vision Pro

🚨 U.S. Securities and Exchange Commission is aggressively after #shitcoins Robinhood has decided to delist certain crypto assets from its trading platform after the Securities and Exchange Commission deemed them unregistered securities. #ADA #MATIC and #SOLwill be delisted on the 27th of this month. Official info via their blog here https://lnkd.in/dGj7KM63 Tokens that are still on Robinhood after the deadline will be automatically sold and credited to your Robinhood buying power.

🔥 Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service starting June 21. Cointelegraph has reported that The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move, which has been exacerbated by testing prevailing market conditions. Article here https://lnkd.in/dK6H3hV2 It’s important to note Crypto.com remains open to a potential relaunch of its institutional exchange in the United States.

🔥 OKX has partnered with Komainu to boost institutional cryptocurrency trading security. Komainu’s platform will allow OKX to mitigate counterparty risks & the partnership should ensure the safety of institutional assets. It will allow institutional customers to execute secure, around-the-clock trading of segregated assets under custody. Official news via their website here https://lnkd.in/dcQNPZR9

🔴 2023: Worse year for Binance? The market cap of Binance BUSD is down to $4.78B down from $16B & now Nigeria regulators have also decided to halt Binance operations. On June 9, Nigeria’s securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the United States Securities and Exchange Commission (SEC). So according to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. More info on this via Bloomberg here https://lnkd.in/dnjC-mdZ

🚨 Two UAE news (See slides)
⚡ EMERGE Heads to Dubai, Launches NFT-Gated Membership Club
⚡ Dubai: Sheikh Hamdan announces new AI centre to accelerate govt services

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Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 12th June 🚨 - Metaverse tokens hit the most in 7 days - Robinhood to Delist #ADA, #Polygon, & #Sol - Crypto.com suspends US institutional exchange services 38:25 Share

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Shownotes Transcript

Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 12th June 🚨 - Metaverse tokens hit the most in 7 days - Robinhood to Delist #ADA, #Polygon, & #Sol - Crypto.com suspends US institutional exchange services