THE HASH: Binance Reportedly Almost Closed U.S. Arm; GameStop Says Goodbye to Crypto Wallets

The most valuable crypto stories for Wednesday, August 2, 2023.

“The Hash” tackles today’s hot topics, including The Information reporting Binance CEO CZ nearly closed the exchange’s U.S. operations to protect the wider company. The Kenyan government has suspended Worldcoin activity, citing security and privacy concerns. Security firms are floating proposals to prevent future loans against $158 million worth of curve (CRV) tokens on Aave. And, GameStop will remove its support for crypto wallets due to regulatory uncertainty.

See also:

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

CFTC Overreached in Suing Binance, Crypto Exchange Says

Worldcoin Suspended by Kenya on Financial Security and Privacy Concerns

Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes

GameStop to Remove Crypto Wallets Citing ‘Regulatory Uncertainty’

This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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