Welcome to our weekly newsletter on Web3 and crypto! In this edition, we bring you the latest news, updates, and moves from the world of the decentralized. From the adoption of NFTs to the evolution of DeFi, we’ve got it all covered. So sit back, relax, and enjoy this week’s edition of our newsletter.
Market 📈📉
Bitcoin, Ether Plunge to Two-Month Lows, Triggering $1 Billion in Liquidations 👉🏻 Source
Bitcoin, Ether Plunge to Two-Month Lows, Triggering $1 Billion in Liquidations (Photo by Rey Emsen on Unsplash)
Partnerships 🤝
1. Hedera’s HBAR Token Soars on FedNow’s Adoption of Dropp 👉🏻 Source
2. Compound Joins the Base: DeFi Lending Platform Launches on Coinbase’s Ethereum Layer 2 Network 👉🏻 Source
3. Ledger Integrates PayPal, Allowing U.S. Users to Buy Crypto Directly from the Ledger Live App 👉🏻 Source
4. Polygon Labs and South Korea’s SK Telecom Join Forces to Develop Web3 Ecosystem and Support Startups 👉🏻 Source
5. Mastercard Partners with Ripple, ConsenSys to Promote CBDC Innovation 👉🏻 Source
6. Payment Processor Checkout.com Ends Partnership with Binance amid Regulatory Concerns 👉🏻 Source
7. Yuga Labs to Halt Support for OpenSea over Removal of Royalty Enforcement Tool 👉🏻 Source
8. OpenSea Drops Support for BNB Smart Chain, Citing Resource Reallocation 👉🏻 Source
Projects 🔍
1. The Sandbox Releases $133M Worth of SAND Tokens to Team, Advisors, and Investors 👉🏻 Source
2. Celsius to Hold Customer Vote on Transition to New Company, Following Bankruptcy and Legal Woes 👉🏻 Source
3. Coinbase Enters Canadian Market, Offering Zero-Fee Trading to New Users 👉🏻 Source
4. Immutable and Polygon Launch zkEVM Testnet, Paving the Way for Scalable and Secure Web3 Games 👉🏻 Source
5. Prime Trust Files for Bankruptcy after Facing Shortfall in Customer Funds 👉🏻 Source
6. Binance Files Motion for Protective Order against SEC’s “Fishing Expedition” 👉🏻 Source
7. Base’s Dex RocketSwap Hacked for $866K, Team Announces Emergency Plan 👉🏻 Source
8. Europe Beats US to the Punch with First Spot Bitcoin ETF 👉🏻 Source
9. Binance to Shut Down Payment Service, Refocusing on Core Products 👉🏻 Source
10. Coinbase Gains NFA Approval to Offer Bitcoin and Ether Futures 👉🏻 Source
11. Ripple Files Opposition to SEC’s Expected Appeal of Exchange Sales Ruling 👉🏻 Source
12. Shiba Inu’s Layer-2 Solution Shibarium Goes Live, Reducing Gas Fees by 99% 👉🏻 Source
13. Tether to Halt USDT Support on Bitcoin, Kusama, and Bitcoin Cash 👉🏻 Source
14. Grayscale Signals Confidence in Spot Bitcoin ETF Approval with Hiring Spree 👉🏻 Source
15. Canadian Users to Lose Access to USDT Trading on Coinbase 👉🏻 Source
16. OpenSea Disables Royalty Enforcement Tool 👉🏻 Source
17. Exactly Protocol Hacked for $7 Million on Optimism Layer 2 Network 👉🏻 Source
NFTs 🏞
1. Bitcoin Frontier Fund Launches Ordinals Accelerator to Support Bitcoin Infrastructure 👉🏻 Source
2. Bitcoin Ordinals NFTs Lose 98% of Trading Volume in Just 3 Months 👉🏻 Source
Investments 💰
1. NoLimit Holdings and ClearVue Partners Close First Fund at $50 Million, Focusing on Early-Stage Crypto Startups 👉🏻 Source
2. Stellar Becomes Minority Investor in MoneyGram 👉🏻 Source
3. BitGo Secures $100 Million Funding Round after Setback in Galaxy Lawsuit 👉🏻 Source
4. ZetaChain Launches $27 Million Funding Round to Accelerate Development of Layer-1 Blockchain 👉🏻 Source
Regulatory and Policy 👮🏻⚖️
1. Pro-Bitcoin Javier Milei Wins Primaries in Argentina 👉🏻 Source
2. Zimbabwe’s Central Bank to Introduce Gold-Backed Digital Tokens for Retail Use 👉🏻 Source
3. Stablecoins to Be Regulated in Singapore under New Framework 👉🏻 Source
4. Dubai Offers Subsidized Commercial Licenses for AI and Web3 Businesses 👉🏻 Source
5. Chinese Filecoin Mining Firm Accused of Running $83.3 Million Pyramid Scheme, Four Executives Arrested 👉🏻 Source
6. Republicans Demand SEC Hand over Documents on Prometheum License, Citing Concerns of Chinese Communist Party Ties and Regulatory Timing 👉🏻 Source
7. FDIC and Federal Agencies Keep a Close Eye on Banks’ Crypto Exposure 👉🏻 Source
8. Uzbekistan Greenlights Two Banks to Issue Crypto Cards in Regulatory Sandbox 👉🏻 Source
9. Judge Greenlights Investment Banker Declarant’s Entry in SEC v. Ripple Case 👉🏻 Source
10. Federal Reserve Takes Enforcement Action against FTX-Linked Bank, Restricts Crypto Services 👉🏻 Source
11. Judge Grants SEC’s Request to Appeal Ripple Case 👉🏻 Source
12. UK Crypto Businesses to Comply with FATF Travel Rule Starting September 1 👉🏻 Source
13. SEC Poised to Approve First Ethereum Futures ETF 👉🏻 Source
14. SEC Appeals Ripple Ruling, Citing ‘Substantial Impact’ on Other Court Cases 👉🏻 Source
SEC Appeals Ripple Ruling, Citing ‘Substantial Impact’ on Other Court Cases (Photo by 愚木混株 cdd20 on Unsplash)
Miscellaneous 🎲
1. PayPal Introduces Cryptocurrencies Hub for Select Users 👉🏻 Source
2. Coinbase Launches ‘Stand with Crypto Alliance’ Ahead of Key Legislation Votes 👉🏻 Source
3. PayPal Appoints Intuit’s Alex Chriss as New CEO and President 👉🏻 Source
4. Digital Energy Council Launches in US to Promote Responsible Crypto Mining Practices and Engage with Lawmakers 👉🏻 Source
5. PayPal UK Temporarily Halts Crypto Purchases to Comply with New Regulations, Expects to Resume in Early 2024 👉🏻 Source
6. Valkyrie Files for Ether Futures ETF, Joining Growing List of Asset Managers Seeking SEC Approval 👉🏻 Source
7. CME Group to Launch Bitcoin, Ether Reference Rates for Asia Pacific Region 👉🏻 Source
8. Elon Musk’s SpaceX Reportedly Sold $373M of Its Bitcoin Holdings 👉🏻 Source
9. Coinbase-Backed Group Loses Lawsuit against Tornado Cash Sanctions 👉🏻 Source
10. China’s Evergrande Files for Chapter 15 Bankruptcy in US 👉🏻 Source
Keep us going strong — Tip us!
That’s a wrap for this week’s edition of our newsletter on Web3 and crypto. We hope you found it informative and insightful. Stay tuned for more updates in the coming weeks. And as always, if you have any feedback or suggestions, feel free to reach out to us.
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