Greetings everyone 👋🏻
Welcome to a whole new week of “Web 3.0 and Crypto Newsletter!”
Here are the top stories about Web3, NFTs, DeFi, and other sectors in the past 7 days!

Partnerships 🤝

1. Justin Sun Acquires 2.9 Million CRV Tokens in OTC Deal, Unveils Partnership with Curve 👉🏻 Source (1, 2)

2. Google Cloud to Join Celo Network as a Validator 👉🏻 Source

3. CBOE Digital Announces Collaboration with Crossover for Enhanced Cross-Asset Trading Experience 👉🏻 Source

4. Western Union Partners with $75 Billion Bank for US CBDC Pilot Study 👉🏻 Source

Projects 🔍

1. Curve Finance Liquidity Pools Exploited in a Reentrancy Attack 👉🏻 Source

2. BNB Smart Chain Went Under Attack by Copycat Vyper Exploit 👉🏻 Source

3. Arkham Bounty Unearths Evidence of $160M in Terra Wallets 👉🏻 Source

4. Binance Secures License to Operate as Virtual Asset Exchange in Dubai 👉🏻 Source

5. Tether Releases Q2 2023 Attestation, Reports $850M Net Profit 👉🏻 Source

6. PancakeSwap Rewards Stakers with Trading Fee Revenue 👉🏻 Source

7. BALD Token Plunges 90% as Developer Pulls Liquidity 👉🏻 Source

8. Celo’s Migration to Ethereum Layer 2 Approved by the Community 👉🏻 Source

9. Sorare Now Lets Users Pay with Fiat Currency 👉🏻 Source

10. German Regulators Investigate Worldcoin Over Privacy Concerns 👉🏻 Source

11. dydx Community Backs Proposal to Reduce Token Inflation 👉🏻 Source

12. DCG Nears Agreement on Genesis Chapter 11 and Appoints New CFO, Marking a Milestone in Restructuring Efforts 👉🏻 Source

13. Wintermute Uncovered Bald Memecoin’s Potential Ties with Alameda Research 👉🏻 Source

14. ConsenSys Introduces Automated Security Tool for Smart Contracts 👉🏻 Source

15. FTX Creditors Reject Draft Bankruptcy Exit Plan 👉🏻 Source

16. Term Finance Launches Fixed-Term Lending Protocol on Ethereum Mainnet 👉🏻 Source

17. Judge Grants Terraform Labs Subpoena Power to Investigate UST Failure, Targets FTX Entities 👉🏻 Source

18. Binance Japan Begins Rolling Out Trading Services 👉🏻 Source

19. Binance Emerges as China’s Largest Crypto Market with $90 Billion Trading Volume Despite Regulatory Restrictions 👉🏻 Source

20. Coinbase Eyes Lightning Network to Speed Up Bitcoin Payments 👉🏻 Source

21. Mysten Labs’ SUI Introduces Native Liquid Staking with Network Upgrade 👉🏻 Source

22. Litecoin Halving Completes, Marking a New Era for the Cryptocurrency 👉🏻 Source

23. BlockFi Gets Green Light to Continue Reorganization from Bankruptcy Court 👉🏻 Source

24. Binance Launches Zero-Fee Trading Pairs BTC/FDUSD and ETH/FDUSD 👉🏻 Source

25. Coinbase’s Base Network Unveils Bridge Enabling Effortless Cross-Chain Communication 👉🏻 Source

26. Binance Promotes Kristen Hecht to Deputy Chief Compliance Officer, Strengthening Regulatory Compliance Efforts 👉🏻 Source

27. Latin American Crypto Company Ripio Introduces USD-Backed Stablecoin to Argentina’s Market 👉🏻 Source

28. The Sandbox Requires KYC Verification for Staking SAND Tokens 👉🏻 Source

29. Curve Offers 10% Bounty to Hackers for Safe Return of Crypto Assets 👉🏻 Source

30. Cash App Reports 34% Increase in Bitcoin Sales, Reaching $2.4 Billion in Q2 👉🏻 Source

31. Revolut to Shut Down Crypto Business in the US Following Regulatory Challenges 👉🏻 Source

32. Curve Hacker Returns 5,495 ETH to JPEG’d 👉🏻 Source

Curve Finance Liquidity Pools Exploited in a Reentrancy Attack (Photo by Ludovic Toinel on Unsplash)

NFTs 🏞

Ordinals Team Launches Non-Profit to Empower Bitcoin NFT Developers 👉🏻 Source

Investments 💰

1. Futureverse Co-Founders Launch $50M Venture Fund to Back Metaverse Projects 👉🏻 Source

2. Nearly 100 Crypto Funds Shut Down in 2023, According to Report 👉🏻 Source

3. Valkyrie Plans to Convert BTF into a Bitcoin and Ether ETF 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. SEC Requested Coinbase to Cease Trading in All Cryptocurrencies except Bitcoin Prior to Filing Lawsuit 👉🏻 Source

2. South Korea Narrows Down CBDC Pilot Cities to Jeju, Busan, and Incheon 👉🏻 Source

3. Shanghai to Develop Blockchain Digital Infrastructure by 2025 👉🏻 Source

4. IRS Clarifies: Staking Rewards Are Taxable Income 👉🏻 Source

5. G20 President India Publishes Its Presidency Note on Global Crypto Regulation Framework 👉🏻 Source

6. Worldcoin Faces Suspension in Kenya, One of Its Key Markets for Sign-Ups 👉🏻 Source

7. DoJ Weighs Fraud Charges against Binance, Fears Run on Exchange 👉🏻 Source

8. Australian Regulator Takes Legal Action against eToro 👉🏻 Source

9. HashKey Becomes First Crypto Exchange to Serve Retail Customers in Hong Kong 👉🏻 Source

10. Bank of Russia Unveils Logo and Commission Fees for Digital Ruble 👉🏻 Source (1, 2)

11. US Lawmakers Ask White House to Take Action on North Korea’s Use of Digital Assets 👉🏻 Source

12. DCG in New York Probe over Link to Troubled Genesis 👉🏻 Source

13. Judge Dismisses Class Action Lawsuit against Tether and Bitfinex 👉🏻 Source

HashKey Becomes First Crypto Exchange to Serve Retail Customers in Hong Kong (Photo by Jason Cooper on Unsplash)

Macroeconomics 🌐

Fitch Downgrades US Government’s Credit Rating, Highlighting Concerns over Debt Repayment Ability 👉🏻 Source

Miscellaneous 🎲

1. GameStop Pulls the Plug on Crypto Wallets Due to Regulatory Concerns 👉🏻 Source

2. MicroStrategy Returns to Profit in Q2, Bitcoin Holdings Increase 👉🏻 Source

3. Ethereum ETFs Gain Traction as More Asset Managers File Applications 👉🏻 Source (1, 2, 3, 4)

4. Space and Time Launches ZK-Proof Tool for Its Decentralized Database Platform 👉🏻 Source

5. TradFi Giant Direxion Makes Crypto ETF Debut with Combined Bitcoin and Ether Futures Fund Filing 👉🏻 Source

6. AI Chip Developer Tenstorrent Secures $100 Million in Funding Led by Samsung and Hyundai 👉🏻 Source

7. Twitter Bots Drive Alameda-Linked Coins’ Surge Following FTX Listing, Report Reveals 👉🏻 Source

8. Elon Musk’s X Seeks Data Giant Partner to Revolutionize In-App Stock Trading Service, SEMAFOR Reveals 👉🏻 Source

9. Elon Musk Denies Releasing a Crypto Token for X 👉🏻 Source

Here’s the end of this episode of “Web 3.0 and Crypto Newsletter!”
I hope you’ve enjoyed it all, whether you’re an investor, entrepreneur, researcher, or just an enthusiast in the web3 ecosystem.
Thank you in advance for subscribing and sharing the newsletter.
See you next week !

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