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Illustration: Rebecca Zisser / Axios

News about cryptocurrencies and blockchain technology can easily fly under the radar, especially when the country is riveted by a controversial Supreme Court nominee, so here's what you should know from this week's headlines.

Catch up quick: Coinbase's huge valuation could have been even larger; SEC seeks more comments on rejected bitcoin exchange-traded funds, while the Commodity Futures Trading Commission holds meeting about digital assets; Circle to buy SeedInvest to help startups fundraise with crypto-assets.

Coinbase's huge valuation could have been even larger

Why it matters: Coinbase is one of the biggest names in the cryptocurrency industry, and it's racing to build a range of services to attract customers, from regular people to institutional investors. But as we reported, its large exposure to the cryptocurrency market is making it challenging for investors to put a price on the company now that it's valued in the billions, with one investor even retracting an offer at $12 billion.

As one early Coinbase investor tells us, "their performance right now is pretty tightly correlated to the price of bitcoin."

U.S. regulators: SEC seeks more comments on rejected bitcoin ETFs; CFTC holds meeting about digital assets

Why it matters: The common theme here is regulators' concerns over the exchanges' abilities to adequately protect investors. Earlier this summer, the SEC rejected a number of bitcoin exchange-traded funds, at one point prompting one of its commissioners to dissent and argue her colleagues were judging the underlying bitcoin market instead of the exchanges.

Meanwhile, during this week's CFTC meeting, industry representatives told the commission that self-regulation — following in Wall Street's footsteps — could address many of the problems that cause exchange hacks and digital asset theft. Whether Washington buys that argument remains to be seen.

Circle to buy SeedInvest to help startups fundraise with crypto-assets (Bloomberg)

Why it matters: If approved by regulators, the acquisition would help Circle facilitate so-called "initial coin offerings" for other companies (SeedInvest specializes in public crowdfunding for startups).

Though the ICO fever has subsided since its peak last year, it's sure to to pick back up should the federal government offer clearer rules via new legislation or guidance from regulators (or the courts). More broadly, companies and investors are also interested in using blockchain technology to create digital tokens backed by a number of different assets.

Go deeper

2 Americans wanted over Ghosn's escape handed to Japanese authorities

Former Nissan chair Carlos Ghosn during a news conference in Jounieh, Lebanon, last September. Photo: Hasan Shaaban/Bloomberg via Getty Images

Two Americans accused of helping former Nissan chair Carlos Ghosn flee Japan in a box in 2019 were handed over to Japanese custody Monday, their lawyer said.

Why it matters: The extradition of Michael Taylor, 60, a private security specialist and former Green Beret, and his son Peter Maxwell Taylor, 27, ends a months-long fight to remain in the U.S.

Rep. Rice demands Cuomo resign after 3rd woman accuses him of misconduct

New York Gov. Andrew Cuomo during a February news conference in New York City. Photo: Seth Wenig/POOL/AFP via Getty Images

Rep. Kathleen Rice (D-N.Y.) on Monday evening called for New York Gov. Andrew Cuomo (D) to resign, after a third woman accused him of inappropriate behavior.

Driving the news: Anna Ruch, a former member of the Obama administration and the 2020 Biden campaign, told the New York Times Monday that Cuomo asked to kiss her at a New York City wedding reception in September 2019.

Scoop: Inside the GOP's plan to retake the House

House Minority Leader Kevin McCarthy. Photo: Elijah Nouvelage/Bloomberg via Getty Images

House Republicans will reclaim their majority in 2022 by offering candidates who are women, minorities or veterans, a memo obtained by Axios says.

Why it matters: The document, drafted by a super PAC blessed by House Minority Leader Kevin McCarthy, names top Democrats to target — Jared Golden of Maine, Matt Cartwright of Pennsylvania and Ron Kind of Wisconsin — and the type of Republican candidates to beat them.