Well well well !
Look who’s back with another episode of Web3 and Crypto Newsletter. Last 7 days the institutional outflows continued, lots of project made important moves, and legal battles kept going, and a lot more to read.
Let’s wait no more and go on with the news.

Market 📈📉

Bitcoin Funds See Largest Weekly Outflows Since March, CoinShares Reports $111M in Withdrawals 👉🏻 Source

Bitcoin Funds See Largest Weekly Outflows Since March, CoinShares Reports $111M in Withdrawals (Photo by Jose G. Ortega Castro on Unsplash)

Partnerships 🤝

1. UAE Partners with Venom Foundation to Develop Carbon Credit System on Blockchain 👉🏻 Source

2. Aptos Labs Partners with Microsoft to Bring AI to Web3 👉🏻 Source

Projects 🔍

1. Huobi Stablecoin Reserves Plunge 30% amid Executive Arrest Reports 👉🏻 Source (1, 2)

2. Curve Finance Hacker Misses Deadline, Bounty Now Open to Public 👉🏻 Source (1, 2)

3. Mantle Introduces New Economics Committee to Manage $4.2 Billion Treasury 👉🏻 Source

4. Blockchain.com Receives Major Payment Institution License in Singapore 👉🏻 Source

5. Bitstamp Plans to Raise $200 Million to Expand into Europe and Asia 👉🏻 Source

6. Circle Unveils Programmable Web3 Wallet for Businesses, Simplifying Crypto Payments 👉🏻 Source

7. Etherscan launches its Blockscan Chat mobile app on App Store & Google Play 👉🏻 Source

8. Injective (INJ) launches the .inj domain name service in collaboration with SpaceID (ID) 👉🏻 Source

9. Binance Lands in El Salvador as the First Fully Licensed Crypto Exchange 👉🏻 Source

10. Bybit Expands into Wealth Management, Offering 4.5% APR on USDT Fund Pools 👉🏻 Source

11. Uniswap Deployed on Coinbase Layer-2 Network Base, Aiming to Reduce Gas Fees 👉🏻 Source

12. Coinbase Offers 36% Discount on $150M Debt Buyback 👉🏻 Source

13. Chainlink Price Feeds Now Live on Coinbase’s Base L2 Network 👉🏻 Source

14. Anchorage, Bitmain to Receive Equity in Core Scientific’s Bankruptcy Plan 👉🏻 Source

15. Bitstamp Suspends Trading of Major Altcoins for US Users, Citing SEC Concerns 👉🏻 Source

16. EOS Network Foundation Urges Community to Reject $22 Million Settlement with Block.one 👉🏻 Source

17. Aave Earning Farm Hacked for $287,000 in Reentrancy Attack 👉🏻 Source

18. Coinbase Launches Base L2 Mainnet 👉🏻 Source

19. Ripple Joins BIS Task Force to Improve Cross-Border Payments 👉🏻 Source

20. Digital Currency Group Seeks Dismissal of Gemini’s Fraud Claims 👉🏻 Source (1, 2)

21. BitKeep Wallet Acquired by Bitget, Rebrands to Bitget Wallet 👉🏻 Source

22. Aave Community will Vote to Reduce Exposure to CRV Token 👉🏻 Source

23. Worldcoin Opens Up WLD Reservations to Unverified Users 👉🏻 Source

24. Curve Finance Recovers 70% of Hacked Funds, Plans to Distribute to Users 👉🏻 Source

25. Aragon Launches DAO Tools on Coinbase’s Base to Make Decentralized Organizations More Accessible 👉🏻 Source

Curve Finance Recovers 70% of Hacked Funds, Plans to Distribute to Users (Photo by Matt Palmer on Unsplash)

NFTs 🏞

Grimes Makes More Money from NFTs than from Music Career 👉🏻 Source

Investments 💰

1. Cube3.AI Raises $8.2M to Launch AI-Powered Blockchain Security App for Smart Contract Protection 👉🏻 Source

2. Jump Crypto Invests $5M in Bitcoin Wallet Xverse 👉🏻 Source

3. Binance Labs Invests $5 Million in Curve DAO Tokens to Support DeFi Ecosystem Growth 👉🏻 Source

4. Coinbase Ventures Invests in Rocket Pool for Liquid Staking on Ethereum Network 👉🏻 Source

5. FC Barcelona Bets Big on Blockchain and NFTs with $132M Investment 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. Singapore’s Monetary Authority Commits $150M to Fintech Innovation, Including Web3 Development 👉🏻 Source

2. Central Bank of Brazil Unveils Official Name and Logo for CBDC 👉🏻 Source

3. BoE Moves Forward with Plans for Systemic Stablecoin Regime 👉🏻 Source

4. Ryan Salame, Former FTX Executive, in Plea Deal Discussions with US Prosecutors 👉🏻 Source

5. Fed to Expand Oversight of Crypto-Related Activities at Banks 👉🏻 Source

6. BlackRock Insiders Expect Bitcoin ETF Approval within Six Months 👉🏻 Source

7. Temasek, Sequoia Capital, Softbank Sued for Allegedly Aiding and Abetting FTX Fraud 👉🏻 Source

8. Canadian Police Use Chainalysis to Crack Down on Crypto Crime 👉🏻 Source

9. BoE Creates Digital Pound Advisory Group to Explore Potential of CBDC 👉🏻 Source

10. Ripple’s Legal Battle with SEC Heads to Trial in Q2 2024 👉🏻 Source

11. SEC Seeks Rare Interlocutory Appeal in Ongoing Ripple Case, Citing Unresolved Issues 👉🏻 Source

12. France Takes Steps to Regulate Crypto Industry with MiCA 👉🏻 Source

13. India Launches Competition to Develop Web Browser with Crypto-Powered Document Signing 👉🏻 Source

14. Argentina Investigates Worldcoin Over Biometric Data Concerns 👉🏻 Source

15. Bittrex Settles SEC Lawsuit, Agrees to Pay $24 Million 👉🏻 Source

16. SEC Delays Decision on Ark Invest’s Spot Bitcoin ETF 👉🏻 Source

Miscellaneous 🎲

1. PayPal Launches U.S. Dollar-Backed Stablecoin 👉🏻 Source

2. Japan’s Soramitsu to Develop Cross-Border Payment System for Asia 👉🏻 Source

3. Nvidia’s New AI Chip Aims to Make AI More Affordable 👉🏻 Source

4. Most Crypto Wallets Lack Basic Security Measures, Report Finds 👉🏻 Source

5. Fireblocks Reveals ‘Zero-Day’ Vulnerabilities in Multiple Privacy-Focused Wallets 👉🏻 Source

6. Visa Explores Crypto Gas Fees Payments through Cards 👉🏻 Source

7. Paradigm, a16z Support Coinbase in Battle against SEC over Crypto Regulation 👉🏻 Source

8. Senator Lummis Files Amicus Brief in Support of Coinbase against SEC 👉🏻 Source

That’s all for now.
Feel free to subscribe, and if you have thoughts, would love to hear from you in the comments.

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