Welcome back, Crypto Daily 3 at 3. All right, guys, what is going on? Happy Wednesday.

So today we're going to be looking at a few things as always. First, we're going to be looking at Coinbase exploring IEOs and what it might mean.

Two, we're going to look at a Trump tweet about negative interest rates that

has the crypto world hopping. And then three, we're going to talk about Bitcoin data beyond the price.

So let's start with a little Coinbase exploring IEOs. I thought this tweet from Niraj sub-tweeting,

an entire article in newspiece was pretty great.

He says, I still refuse to learn what an IEO is, but I can tell you that the calculation for whether or not the resulting token is a security is exactly the same.

So that's Niaraj from Coin Center, for those of you who don't know.

So anyways, let's get into the news.

So this comes out of Invest Asia, which is a CoinDesk's event in Singapore this week.

Basically, in an interview on, or a panel rather, on the kind of evolution of crypto capital

formation and fundraising, one of the Kavon Puristani, so who's the head of institutional sales for Coinbase in Asia,

said, quote, in a nutshell, Coinbase is carefully exploring not only the IEO space, but also STOs,

but I can't make any formal announcements right now.

So this had a whole slew of the folks in the crypto industry talking.

IEOs are obviously in a really interesting spot, right?

So they're one of the most discussed topics of the year, undeniably.

However, it's really unclear what their impact or their net impact is both for the companies who

participate in them but also what they mean for the industry as a whole, right?

Some people thought they were just going to be ICOs 2.0.

The limitation on who can participate and how much they can spend seems to have pretty well

cut that off.

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