Crypto Wrapup

Hypothekarbank Lenzburg Joins SDX Digital Asset Exchange

• Hypothekarbank Lenzburg, a Swiss bank with over $7 billion in assets, has become the sixth Swiss bank to join Six Digital Exchange (SDX).
• By joining SDX’s central securities depository, the bank gains the ability to trade various digital securities on the blockchain platform.
• This move signifies Switzerland’s growing presence in the crypto space due to its friendly regulatory environment.

Binance Struggles to Find Banking Partner in France

• Binance France lost its banking partner, Paysafe, and suggests its customers convert their fiat holdings to cryptocurrencies.
• The partnership ended on Sept. 25, and Binance France is actively seeking new partners.
• Binance has been facing regulatory challenges in Europe, including suspending euro withdrawals and deposits via SEPA.

Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban

• The CEO of Coinbase, criticizes Chase UK for banning its customers in the UK from crypto-related transactions.

AI-Powered Bots in Crypto Trading

• AI-powered bots have improved crypto trading by automating tasks based on preset parameters.
• These bots are not yet capable of complex trading strategies but can process historical data for insights.
• Challenges include the limitation of data available on the blockchain and off-chain by centralized exchanges.

Aladdin ($ALD) in the Crypto Bear Market

• Aladdin ($ALD) remains committed to its loyal community during the crypto bear market.
• The project is developing a decentralized application (dApp) to enhance user experience and utility.
• Holders who believe in the long-term vision of Aladdin are seen as crucial for its future success.
• Aladdin’s revenue-sharing model represents a shift in the narrative of token utility in the crypto space.