Bitcoin Rally on Pause, Coinbase Files Initial IPO Forms to SEC

Bitcoin’s rally cools down, but Binance data shows trading volumes and institutional demand are better than ever. Coinbase files a draft S-1 form to the SEC for an initial public offering, FTX aims to launch a Coinbase futures market, regulators look to tighten rules on crypto and self-hosted wallets and Mizuho explains why bitcoin is a boon for PayPal and Square.