The web3 and crypto space is constantly evolving, and it can be hard to keep up. That’s where we come in. Our weekly newsletter brings you the top stories and updates all in one place. Whether you’re an investor, developer, or simply curious, we’ve got you covered. Welcome aboard!
Market 📈📉
Crypto Funds Witness Inflow Surge, Ending Outflow Streak amidst Bitcoin and Solana Rally 👉🏻 Source
Partnerships 🤝
1. Ledger Partners with Sotheby’s to Offer Exclusive Crypto Wallets for Art Collectors 👉🏻 Source
2. Swan Partners With Blockstream to Boost Custody Offerings 👉🏻 Source
Projects 🔍
1. Coinbase Expands Global Presence with Payment License in Singapore 👉🏻 Source
2. Chainlink Launches ‘Data Streams’ to Speed up DeFi 👉🏻 Source
3. Binance to Stop Offering BUSD Lending Services by October 25 👉🏻 Source
4. Op Labs Launches Alpha Version of ‘Fault-Proof’ System on Testnet 👉🏻 Source
5. Bitcoin Comes to Cosmos Network by Nomic 👉🏻 Source
6. Polygon Co-Founder Jaynti Kanani Says Goodbye 👉🏻 Source
7. OpenSea Introduces ‘No-Code’ Hub, Simplifying NFT Minting for All Users 👉🏻 Source
8. Avalanche Network Experiences Surge in Activity as Friend.tech clone Stars Arena Launches 👉🏻 Source
9. Sui Foundation Launches $50M Ecosystem Fund 👉🏻 Source
10. Kraken to Acquire Dutch Exchange BCM, Expanding in Europe 👉🏻 Source
11. US-Based Employees Discovered FTX Backdoor, WSJ Reports 👉🏻 Source
12. Solana’s v1.16 Update will Support Private Blockchain Transactions 👉🏻 Source
13. Backed Project Issues Tokenized Security on Base 👉🏻 Source
14. Stars Arena Loses $2.9 Million in AVAX Tokens, Assures User Wallet Safety 👉🏻 Source
Avalanche Network Experiences Surge in Activity as Friend.tech clone Stars Arena Launches (Photo by George Pagan III on Unsplash)
NFTs 🏞
Grand Theft Auto Devs’ First Crypto Game Generates $5 Million in NFT Trading 👉🏻 Source
Investments 💰
1. Hong Kong Crypto Firm Launches $100 Million Fund Targeting Asian Startups 👉🏻 Source
2. TON Secures Funding from MEXC to Make Telegram a Web3 Super-App 👉🏻 Source
3. Solana-based Project Convergence RFQ Raises $2.5M in Pre-Seed Funding Round, Reaches $30M Valuation 👉🏻 Source
4. Phaver Raises $7 Million in Seed Funding to Fuel Development of Web3 Social Platform 👉🏻 Source
Regulatory and Policy 👮🏻⚖️
1. IMF Proposes Framework to Assess Crypto Risks by Country 👉🏻 Source
2. Hong Kong’s OTC Market may Signal China’s Growing Acceptance of Crypto: Chainalysis 👉🏻 Source
3. UAE Dirham Stablecoin DRAM Launches on Uniswap and PancakeSwap 👉🏻 Source
4. EU to Release Plans for Wholesale Digital Euro in Weeks 👉🏻 Source
5. Pro Crypto Lawmaker Patrick McHenry Assumes Temporary Role as US House Speaker after Kevin McCarthy’s Removal 👉🏻 Source
6. BIS Launches Project Atlas to Map Crypto Transfers 👉🏻 Source
7. Hong Kong Forms Crypto Task Force amid JPEX Saga 👉🏻 Source
8. SEC Sues Elon Musk for Skipping Testimony 👉🏻 Source
9. Canada Clarifies Stablecoin Rules for Exchanges and Issuers 👉🏻 Source
Pro Crypto Lawmaker Patrick McHenry Assumes Temporary Role as US House Speaker after Kevin McCarthy’s Removal (Photo by Louis Velazquez on Unsplash)
Miscellaneous 🎲
1. UBS Launches Pilot of Tokenized Money Market Fund on Ethereum 👉🏻 Source
2. Lazarus Malware Evolves to Evade Detection 👉🏻 Source
3. Grayscale Seeks to Convert $5 Billion Ethereum Trust into Spot ETF 👉🏻 Source
4. Binance Faces Class Action Lawsuit over Alleged Role in FTX Collapse 👉🏻 Source
5. Celsius CEO Alex Mashinsky to Face Jury Trial in September 2024 👉🏻 Source
6. Judge Rejects SEC’s Appeal in Ripple Case 👉🏻 Source
7. DOJ Accuses China-Based Firms and Employees of Utilizing Crypto for Drug Distribution 👉🏻 Source
8. Ripple Receives Formal Approval for Payments License in Singapore 👉🏻 Source
9. Hong Kong Stock Exchange Embraces Smart Contracts with New Settlement Platform Launch 👉🏻 Source
10. Visa Exec: Crypto Cards Have Facilitated $3B in Payment Volume Since 2021 👉🏻 Source
Keep us going strong — Tip us!
📆 Major upcoming economic events
1️⃣ USA, Core PPI m/m, Oct. 11
2️⃣ USA, PPI m/m, Oct. 11
3️⃣ USA, FOMC Meeting Minutes, Oct. 11
4️⃣ USA, Core CPI m/m, Oct. 12
5️⃣ USA, CPI m/m, Oct. 12
6️⃣ USA, Unemployment Claims, Oct. 12
7️⃣ World, OPEC Monthly Report, Oct. 12
8️⃣ Britain, BOE Gov Bailey Speaks, Oct. 13 ~ 14
9️⃣ USA, Unemployment Rate, Oct. 06
📆 Major upcoming fundamental events
1️⃣ Arbitrum (ARB), Twitter Space, Oct. 10
2️⃣ Moonbeam (GLMR), Token Unlock (9.68m), Oct. 11
3️⃣ 1inch (1INCH), Token Unlock (214.29k), Oct. 11
4️⃣ Aptos (APT), Token Unlock (4.54m), Oct. 12
5️⃣ Optimism (OP), Security Model Vote, Oct. 12
6️⃣ CyberConnect (CYBER), Token Unlock (1.26m), Oct. 15
Thanks for reading Web3 and Crypto Newsletter, your go-to source for web3 and cryptocurrency news. We hope you enjoyed this week’s issue and we’ll see you next week with more news. In the meantime, keep on building, buying, and believing in the future of decentralization!
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