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.

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"Not enough": Protesters react to no murder charges in Breonna Taylor case

A grand jury on Wednesday indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March, on three counts of wanton endangerment for firing shots blindly into neighboring apartments.

Details: Angering protesters, the grand jury did not indict any of the three officers involved in the botched drug raid on homicide or manslaughter charges related to the death of Taylor.

Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Details: A police spokesperson told a press briefing a suspect was in custody and that the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

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