Greetings, crypto enthusiasts! It’s time for another edition of our weekly newsletter on Web3 and crypto. As always, we’ve scoured the internet to bring you the most relevant and interesting news and trends in the decentralized world. From blockchain adoption to new crypto regulations, we’ve got you covered. So let’s dive right in!

Market 📈📉

Bitcoin Price Falls as Fed’s Powell Signals Continued Rate Hikes to Combat Inflation 👉🏻 Source

Merges and Acquisitions 📎

Crypto Market Maker B2C2 Expands European Presence with Acquisition of Woorton 👉🏻 Source

Partnerships 🤝

1. Coinbase Invests in Stablecoin Issuer Circle, USDC Expands to 6 New Blockchains 👉🏻 Source

2. Fidelity-Backed EDX Markets Partners with Anchorage Digital for Clearinghouse Custody Services 👉🏻 Source

3. Near Protocol’s Price Surges after Nexo Integration, Defying Market Trend 👉🏻 Source

4. Shopify Embraces Cryptocurrency: USDC Payments Now Accepted via Solana Integration 👉🏻 Source

5. Ark Invest and Glassnode Join Forces to Develop New Bitcoin Analysis Metric ‘Cointime Economics’ 👉🏻 Source

6. Mastercard and Binance End Crypto Card Partnership in Four Countries 👉🏻 Source

7. Base and Optimism Announce Joint Governance and Revenue Sharing Agreement 👉🏻 Source

8. ARK Invest and 21Shares Collaborate on Ethereum Futures ETF 👉🏻 Source

Projects 🔍

1. Friend.tech Generates Millions in Fees, Outperforming Uniswap and Bitcoin Networks 👉🏻 Source

2. Bitget to Implement Mandatory ID Verification for Users in Compliance with Regulatory Requirements 👉🏻 Source

3. Terra Website Hacked, Developers Warn of Phishing Scam 👉🏻 Source

4. Phantom Launches One-Click ‘Sign In With Solana’ Feature for Improved User Authentication 👉🏻 Source

5. Starkware Open-Sources Its Zero-Knowledge Cryptography Technology Next Week 👉🏻 Source

6. World Mobile Android App Now Available in Australia, Canada, UK, and US 👉🏻 Source

7. Balancer Reveals Critical Vulnerability in Some V2 Pools 👉🏻 Source

8. Risc Zero Unveils Zeth, an Open-Source Prover Technology for Ethereum-Based ZK Rollups 👉🏻 Source

9. Stellar Joins Forces with Bytecode Alliance to Revolutionize Smart Contracts with Wasm Technology 👉🏻 Source

10. Rarible to Halt Aggregation of OpenSea, LooksRare, and X2Y2 Orders amid Royalty Debate 👉🏻 Source

11. Disgruntled Investors Sue Atomic Wallet for Allegedly Withholding Information about Hack 👉🏻 Source

12. Quantstamp Unveils Tool to Detect Flash Loan Attack Vulnerabilities in DeFi Protocols 👉🏻 Source

13. Bitstamp Ends Ethereum Staking Services in US amid Regulatory Uncertainty 👉🏻 Source

14. Kresus Labs Launches Curated Marketplace for Polygon Projects, Aims to Bridge Web3 and Web2 Experiences 👉🏻 Source

15. Binance to Suspend Crypto Debit Card Services in Latin America and Middle East 👉🏻 Source

16. 1inch Network Integrates with Coinbase’s Base Network 👉🏻 Source

17. PancakeSwap V3 Goes Live on Ethereum Layer-2 Linea Mainnet 👉🏻 Source

18. FTX Hires Galaxy Digital to Manage Recovered Crypto 👉🏻 Source

19. Binance Bans Sanctioned Russian Banks from P2P Trading 👉🏻 Source

Friend.tech Generates Millions in Fees, Outperforming Uniswap and Bitcoin Networks (Image by rawpixel.com on Freepik)

Investments 💰

1. Crypto Funds See Continuing Outflows amid Market Crash and Bitcoin ETF Sentiment 👉🏻 Source

2. Vessel Capital Secures $55M to Fuel Web3 Infrastructure and Applications 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. SEC Charges Crypto Investment Manager Titan with Misleading Advertising and False Custody Claims 👉🏻 Source

2. Coin Center Provides Suggestions for Crypto Tax Guidance to US Lawmakers 👉🏻 Source

3. Central African Republic Expands Sango Project to Tokenize Land and Natural Resources 👉🏻 Source

4. BIS: Crypto Has Amplified Financial Risks in Emerging Markets 👉🏻 Source

5. Australian Central Bank Finds CBDC Useful for Payments and Tokenization, but Years away Due to Unresolved Issues 👉🏻 Source

6. Thailand’s New Pro-Crypto Prime Minister Has a History of Active Crypto Investment 👉🏻 Source

7. China Unveils Blockchain-Based Data Exchange 👉🏻 Source

8. Tornado Cash Co-Founders Face Money Laundering and Sanctions Violation Charges 👉🏻 Source

9. US Treasury and IRS Propose New Rules for Crypto Taxes, Aiming to Improve Accurate Reporting and Close Tax Gap 👉🏻 Source

Fun & crazy 😁😳

1. China Proposes Integrating Its Social Credit System into Metaverse 👉🏻 Source

2. Chinese Official Sentenced to Life in Prison for Supporting Bitcoin Mining Operations 👉🏻 Source

China Proposes Integrating Its Social Credit System into Metaverse (Image by Freepik)

Miscellaneous 🎲

1. Ledn, Parallel Offer Crypto-Native Path to Cayman Islands ‘Golden Visa’ 👉🏻 Source

2. Num Finance Launches Colombian Peso Stablecoin on Polygon Network for Remittance Market 👉🏻 Source

3. FTX and BlockFi Confirm Third-Party Data Breach, Urge Users to Be Cautious of Phishing Attempts 👉🏻 Source

Keep us going strong — Tip us!

📆 Major upcoming macroeconomics events:

1️⃣ USA, JOLTS Job Openings, Aug. 29

2️⃣ USA, ADP Non-Farm Employment Change, Aug. 30

3️⃣ China, Manufacturing PMI, Aug. 31

4️⃣ ⚠️ USA, Core PCE Price Index m/m, Aug. 31 ⚠️

5️⃣ USA, Unemployment Claims, Aug. 31

6️⃣ USA, Average Hourly Earnings m/m, Sep. 01

7️⃣ USA, Non-Farm Employment Change, Sep. 01

8️⃣ USA, Unemployment Rate, Sep. 01

9️⃣ USA, ISM Manufacturing PMI, Sep. 01

📆 Major upcoming fundamental events:

1️⃣ Optimism (OP), Mainnet Upgrade, Aug. 28

2️⃣ dYdX (dYdX), Token Unlock (6.52m), Aug. 29

3️⃣ EOS (EOS), Settlement Opt-out Limit, Aug. 29

4️⃣ Casper Network (CSPR), Node Upgrade V1.5.2, Aug. 29

5️⃣ Optimism (OP), Token Unlock (24.16m), Aug. 30

6️⃣ 1inch (1inch), Token Unlock (64.29k), Aug. 31

7️⃣ Akash Network (AKT), Mainnet 6 Upgrade, Aug. 31

8️⃣ Hedera Hashgraph (HBAR), Token Unlock (1.15b), Sep. 01

9️⃣ Acala (Aca), Token Unlock (27.43m), Sep. 01

And that’s a wrap for this edition of our weekly newsletter on Web3 and crypto. We hope you enjoyed reading it as much as we enjoyed putting it together. Don’t forget to subscribe to stay up-to-date with the latest news and trends in the web3 and crypto space. Until next time, keep hodling!

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