Silvergate's Future in Doubt, Polygon Releases Digital Identity Product
Mar 2, 2023
Traditional indices have continued their slide this week on fears of stickier inflation and higher for longer monetary policy. The SPY 0.66% is down 0.27%, and the QQQ 1.44% has fallen 0.56%, while the DXY (+0.60%) hovers around $105, and US Treasury yields continue to rise. Crypto markets are following suit, with BTC and ETH dropping 1.43% and 2.47%, respectively. Binanceâs custodial arm, Ceffu, is resuming its pursuit of a license in Singapore after withdrawing its application in 2021. Ceffu is expected to submit an application to the Monetary Authority of Singapore as soon as registration opens. The move comes as Binance is trying to shift some of its business focus to enterprise customers compared to retail clients.