Why the First US Crypto Bank Is a Big Deal

<p><span style="font-weight: 400;">On this edition of The Breakdown weekly recap, NLW looks at:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The Fed has no clothes – After another FOMC meeting of “nothing new,” the mirage of Federal Reserve omnipotence is fading</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">TikTok and WeChat banned from U.S. app stores – Is it just a negotiating technique? Whatever the case, people are not happy</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Kraken becomes a bank – What it means now that Kraken has been approved for a Wyoming Special Purpose Depository Institution charter</span></li> </ul>