With bitcoin and ether trading down slightly to break a three-day streak of gains, plus a look at a more useful regulatory standard for exchanges, CoinDesk’s “Markets Daily” is back with the latest news roundup. Today's Stories...<a href="https://www.coindesk.com/podcasts/markets-daily/crypto-update-lets-stop-regulating-crypto-exchanges-like-western-union/" rel="noopener noreferrer" target="_blank">Read the full show notes here.</a>Featured Story:&nbsp;<a href="https://www.coindesk.com/layer2/2022/11/22/lets-stop-regulating-crypto-exchanges-like-western-union/" rel="noopener noreferrer" target="_blank">Let's Stop Regulating Crypto Exchanges Like Western Union</a>-This episode was edited &amp; produced by&nbsp;<a href="https://www.coindesk.com/author/adrian-blust/" rel="noopener noreferrer" target="_blank">Adrian Blust</a>&nbsp;with original music by&nbsp;<a href="https://soundcloud.com/therituallive" rel="noopener noreferrer" target="_blank">Doc Blust</a>&nbsp;&amp; Colin Mealey.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

What Is a Crypto Exchange Token and How Did It Help Blow up FTX?

Tune in as CoinDesk runs down the action across crypto markets and some of the most important recent industry developments.