Welcome back to another crypto daily three at three. What's going on, guys? It is Friday, October 18th. We're just flying through this month. And we are back with another three at three. So yesterday, for those of you guys were here, know it was a little bit more of like a video op-ed, you could say, right? We talked a lot about this question of Bitcoin and whether it can be institutionalized

without losing its censorship-resistant roots.

Basically, it was us digging into a conversation.

Today is back to more news.

So if you're interested in the news, we got you.

So today we're going to talk about first Pol Polonex leaving Circle, being spun out from Circle

and actually leaving the US entirely.

Second, we're going to talk about Binance, just continuing to tear up the world and introducing

this new leveraged trading product.

And three, we're going to talk about a new report for the bank of international settlements, better

known as Big Boss Bowser in the world of money, about Bitcoin and more particularly stable

coins like Libra. So let's start with Circle Pay. So classic Friday news dump, we saw one last

week. This one was a little less dramatic than last week's everyone leaving Libra, but still kind of a big deal. The block here says, breaking. Circle Pay is spinning out

Poloniacs, which it purchased for $400 million last year. The new entity will invest $100 million

to expand Poloniacs, which will no longer serve U.S. customers. So both Circle and Polonex wrote about this.

Circle said today we're announcing that Poloniacs will be spinning out their circle portfolio

of businesses into a new independent international company with backing from an Asian

investment group that plans to spend $100 million for development and expansion.

The move provides the Polonex team with significant

new resources and freedom to deliver the product features and marketing strategies needed to be

competitive in the global exchange marketplace. Circle remains focused on growing its core

crypto financial businesses, including its USDC stablecoin service, crypto brokerage and training

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