Coinbase has no plan to delist tokens named in SEC lawsuit, CEO says

Also some chicken-and-egging here. SEC claims Binance actively sought to avoid U.S. regulation and didn't register several offerings properly as securities. Binance claims SEC is overeaching and "because Binance is not a U.S. exchange, the SEC’s actions are limited in reach."

SEC is, among other things, accusing Binance of wash trading. The agency claims a trading firm owned by CZ artificially inflated volumes on Binance US.

Since launching stock pricing data in December, some of the most searched stocks/assets have been Tesla, the S&P 500, bitcoin, and Bed Bath & Beyond, per Twitter. $TSLA, $SPY, $BTC, $BBBY

Best performing fintech IPOs since 2019

Holdings, co-founded by a former SVB and Mercury alum, is looking to tackle an issue that came to the fore during SVB's failure earlier this year: Cash management and diversification. It's offering FDIC insurance of up to $3 million.

$Sofi stock rises 11.5% on debt ceiling deal. The deal would restart federal student loan payments and interest collection.

BNPL #fintech Klarna says it plans to hit profitability again by August or September. Losses halved. Revenue growth also slowed. Q1 2023 revenue grew 13% to SEK 4.9b compared to same period a year earlier.

Plastiq also inked a deal to buy fellow fintech Nearside for $59.6 million — mostly in stock — in Sept. 2022. It shut down that business in Nov, saying Nearside lacked tech and security to sell into Plastiq's customers.

From the filing: - Plastiq hired Qatalyst to try and sell the business in 2021. It received a $550m valuation at the time and had a potential purchaser. Deal didn't happen. -It inked a deal to go public via SPAC in mid-2022 at a $480m. That also fell apart.

Payments startup Plastiq filed for bankruptcy Thursday, after an attempt to sell itself and another to go public via SPAC failed.

QED's Frank Rotman talks about raising the firm's two new funds (totaling $925m), and why the next generation of fintech winners "might be a little more international."

"That means shutting down or spinning off some of its current businesses, like the media and entertainment unit it acquired last year or the crypto mining financing product it launched right before that market collapsed." @ryanlawler

Something you don't see every day: Jack Dorsey is leading a $6 million seed round in bitcoin startup Azteco. It's now valued at $84m, per co-founder Paul Ferguson — a signficant leap above the $13m valuation the median seed stage deal got in Q1.

Scoop: Investing app Stash has laid off another 10% amid a broader reorganization.

Says that the company sought to "cut once and cut deep" when it came to layoffs. "I feel quite good about Stripe's positioning if things get a fair bit worse."

@stripe @axios @danprimack "It'll be in that general vicinity," says Collison when asked if Stripe will cross $1 trillion in GMV this year.

"TBD on [crypto] being an integral part of the company's future, it could be," @Stripe's John Collision tells @Axios' @danprimack. "We're just looking for places where crypto can be useful in solving real business problems." Co has about 20 or so people working on crypto.

Coatue's fintech head has many LatAm bets. But don't expect him to jump headfirst into Middle East/North Africa. "I'm always willing to be a little bit late as an investor. I like to see a track record of successful tech IPOs," says Michael Gilroy.