⚜️ Delist the world. Binance is delisting $BCN, $CHAT, $ICN, and $TRIG based on their failure to meet the exchange's listing criteria. As Dan Held pointed out in Nathaniel Whittemore's Long Reads Live episode last night, we're seeing a narrative around exchange delistings emerge in this space.
For a complete listof today's trending articles, head on over here.
READ OF THE DAY
📖Futility tokens Never attribute to malice that which is adequately explained by futility: a post-mortem on tokens that failed to accrue value due to poor design.
THOUGHT OF THE DAY
Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.
"The newest rage in crypto is here, with a recent study reporting that there are more than 50 stablecoins in development. Understandably, there is a lot of confusion about how trustworthy, safe, and decentralized they are. Critically, one has to understand that not all stablecoins are built the same. The two most prominent ones, Tether and DAI, are worlds apart in form and function despite providing the same utility. In this piece I will go over a general taxonomy of stablecoins, followed by an analysis of DAI’s stability mechanism."
Scalar Capital's Cyrus Younessi does a deep dive on stablecoins and their inherent risks here.
QUESTION OF THE DAY
What are your thoughts on a centralized exchange having decentralized exchange components?