Hey frenz!
Web3 and cryptocurrencies are transforming the way we live, work, and do stuff. Every week, we’ll deliver the top stories and updates straight to your inbox, so you can stay informed and ahead of the game.

This week we’ll share recent news on moves in tokenization sector, SBF being guilty on all 7 counts, a big step taken by Solana developers, SEC fighting Do Kwon and Safemoon, and a lot more.

Enjoy!

Market 📈📉

CME Poised to Become World’s Largest Bitcoin Futures Exchange, Replacing Binance 👉🏻 Source

Merges and Acquisitions 📎

1. 4th-largest Thai Bank Acquires $103M Stake in Crypto Exchange 👉🏻 Source

2. Treehouse Expands NFT Data Offering with Acquisition of Origins Analytics 👉🏻 Source

Partnerships 🤝

1. Saudi’s NEOM Strikes Deal with Animoca Brands to Boost Web3 in the Region 👉🏻 Source

2. PancakeSwap Partnership with Bril Brings Portfolio Manager Function to the Dex 👉🏻 Source

3. MetaMask Partners with BlockAid to Introduce Native Security Alerts in Wallet Extension 👉🏻 Source

4. Big Market Makers in Discussions with BlackRock to Provide Liquidity for Upcoming Spot Bitcoin ETF 👉🏻 Source

5. Near Foundation Partners with Nym to Boost Metadata Privacy and Encryption 👉🏻 Source

6. HSBC and Ant Group test tokenized deposits under HKMA sandbox 👉🏻 Source

7. Visa and Local Banks Complete Digital Hong Kong Dollar Pilot Test 👉🏻 Source

8. Axie Infinity Developer Expands Ronin Platform to Include Popular Japanese Web2 Games 👉🏻 Source

9. Swiss National Bank Collaborates with SIX Stock Exchange, 6 Banks on Wholesale CBDC Pilot 👉🏻 Source

10. Georgia’s Central Bank Selects Ripple for Digital Currency Pilot Project 👉🏻 Source

11. Binance Terminates Ruble Payment Partnership with Financial Services Firm AdvCash 👉🏻 Source

12. Yuga Labs and Magic Eden to Launch New Ethereum NFT Marketplace with Focus on Creator Royalties 👉🏻 Source

Projects 🔍

1. Kraken to Share Data of 42,000 Users with IRS in Tax Compliance Push 👉🏻 Source

2. Tether Stablecoin Dominates Brazil Crypto Market, Accounting for 80% of Transactions 👉🏻 Source

3. OKX Latest Proof of Reserves Shows Exchange 103% Collateralized 👉🏻 Source

4. Bittrex to End US Operations after Bankruptcy Plan Approved 👉🏻 Source

5. Backpack Wallet Launches VASP-Licensed Crypto Exchange in Dubai 👉🏻 Source

6. Celestia Launches Modular Blockchain, Airdrops Tokens to Early Adopters 👉🏻 Source

7. Solana Live on Google Cloud BigQuery, Enabling Real-time Data Analysis 👉🏻 Source

8. Tether Attestation Shows $3.2B in Excess Reserves, Boosting Confidence in Stablecoin 👉🏻 Source

9. Solana Lab Launches ‘Gameshift’ Developer Tools to Boost Crypto Gaming 👉🏻 Source

10. Circle to Focus on Business and Institutional Accounts, Phases out Consumer Accounts 👉🏻 Source

11. Galxe Joins Growing List of Crypto Startups Pivoting to AI, Launches Interactive Assistant for Navigating Web3 Projects and NFTs 👉🏻 Source

12. WalletConnect restricts service in Russia to comply with OFAC guidance 👉🏻 Source

13. BitGo Secures German Cryptocurrency Custody License 👉🏻 Source

14. Frax Finance Recovers Domains after Potential Breach, Investigation Ongoing 👉🏻 Source

15. Coinbase Debuts Regulated Crypto Futures Trading for US Retail Investors 👉🏻 Source

16. SafeMoon Execs Arrested for Fraud, Charged by SEC 👉🏻 Source (1, 2)

17. Aragon Association to Disband, Handing over $155M to Token Holders 👉🏻 Source

18. Lido Finance Approves Proposal for Obol Decentralized Staking Module, Aims for More Diversification and Decentralization 👉🏻 Source

19. OpenSea Slashes Workforce in Half, Prepares for Version 2.0 Launch 👉🏻 Source

20. Aave Temporarily Pauses V2 on Ethereum and Implements Asset Freeze on V3 Due to Reported Issue 👉🏻 Source

Investments 💰

1. a16z Aims to Raise $3.4 Billion for Future Early-Stage Funds 👉🏻 Source

2. Modulus Raises $6.3 Million to Bring ZK-proof Security Measures to AI 👉🏻 Source

3. Tether Provides $610M Debt Financing to German Bitcoin Miner Northern Data 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. UK Unveils Regulatory Framework for Crypto Assets and Fiat-Backed Stablecoins 👉🏻 Source

2. Singapore, Japan, UK, and Swiss Regulators Collaborate on Asset Tokenization Trials 👉🏻 Source

3. Marshall Islands Enhances Legal Framework for Decentralized Autonomous Organizations 👉🏻 Source

4. Hong Kong’s CBDC Pilot Enters Phase Two 👉🏻 Source

5. Spain to Pioneer MiCA Implementation, Adopting Crypto Regulatory Framework Early 👉🏻 Source

6. Congressional Watchdog Urges Lawmaker Approval for SEC’s Controversial Bulletin, Highlighting the Need for Oversight 👉🏻 Source

7. Turkey Drafts Crypto Regulatory Framework to Escape FATF Grey List 👉🏻 Source

8. Hong Kong Signals Upcoming Regulatory Framework for Tokenization and Digital Assets 👉🏻 Source

9. Abu Dhabi Implements Groundbreaking DLT Framework to Empower DAOs, Web3, and TradFi Companies 👉🏻 Source

10. Dubai Financial Centre Approves XRP and TON in Free Trade Zone 👉🏻 Source

Abu Dhabi Implements Groundbreaking DLT Framework to Empower DAOs, Web3, and TradFi Companies (Photo by Fredrik Öhlander on Unsplash)

Fun & crazy 😁😳

SEC Chair Gensler Congrats Bitcoin’s Birthday with Warning to Crypto Firms 👉🏻 Source

Miscellaneous 🎲

1. VanEck Revives Spot Bitcoin ETF Proposal 👉🏻 Source

2. Standard Chartered-owned Zodia Custody Expands Presence in Hong Kong 👉🏻 Source

3. G7 Nations to Establish AI Code of Conduct 👉🏻 Source

4. Biden Administration Establishes AI Safety Standards to Promote Ethical Development and Governance 👉🏻 Source

5. Tokenized US Treasury Market Surges by Roughly 600% 👉🏻 Source

6. Investment Icon Druckenmiller Acknowledges Bitcoin’s Potential 👉🏻 Source

7. Siemens and Microsoft Partner to Drive AI Adoption across Industries 👉🏻 Source

8. Formerly Bearish Wall Street Firm Predicts Bitcoin Could Hit $150,000 by 2025 👉🏻 Source

9. CFTC Rewards Whistleblowers with $16 Million, Majority Linked to Crypto Concerns 👉🏻 Source

10. Invesco Galaxy Spot Bitcoin ETF Now Listed on DTCC Website 👉🏻 Source

11. PayPal Obtains UK Crypto License Following Temporary Suspension of Bitcoin Purchases 👉🏻 Source

12. Taiwan Seizes $320 Million of Assets in Major AML Operation 👉🏻 Source

13. MicroStrategy Expands Bitcoin Holdings to 158,400 BTC 👉🏻 Source

14. PayPal under SEC Scrutiny for Stablecoin Project 👉🏻 Source

15. ProShares Launches Short Ether-Linked ETF 👉🏻 Source

16. German DWS Group Prepares to Launch Crypto ETFs 👉🏻 Source

17. Sam Bankman-Fried Found Guilty on All 7 Counts in FTX Fraud Trial, Faces Up to 115 Years in Prison 👉🏻 Source

18. SEC Seeks Summary Judgment in Case against Terraform Labs and Do Kwon, Alleging $45 Billion Fraudulent Scheme 👉🏻 Source

19. Bug in Federal Reserve’s Payment System Leaves Many Americans Unpaid 👉🏻 Source

20. Elon Musk’s AI Chatbot Grok Goes Live, Aims to Outperform ChatGPT 👉🏻 Source

Sam Bankman-Fried Found Guilty on All 7 Counts in FTX Fraud Trial, Faces Up to 115 Years in Prison (Image by Freepik)

📆 Major upcoming economic events

1️⃣ Japan, BOJ Gov Ueda Speaks, Nov. 06

2️⃣ Britain, BOE Gov Bailey Speaks, Nov. 08

3️⃣ USA, Fed Chair Powell Speaks, Nov. 08

4️⃣ USA, Unemployment Claims, Nov. 09

5️⃣ USA, Fed Chair Powell Speaks, Nov. 09

6️⃣ Britain, GDP m/m, Nov. 10

Keep us going strong — Tip us!

📆 Major upcoming fundamental events

1️⃣ IOTA (IOTA), AMA, Nov. 06

2️⃣ Moonbeam (GLMR), Token Unlock (3.04m), Nov. 07

3️⃣ The Graph (GRT), A big announcement, Nov. 07

4️⃣ Hashflow (HFT), Token Unlock (160.38m), Nov. 07

5️⃣ 1inch (1inch), Token Unlock (15m), Nov. 09

6️⃣ Aptos (APT), Token Unlock (24.84m), Nov. 12

That’s all for now, but we’ll be back next week with another edition of Web3 and Crypto Newsletter, bringing you the latest & most important of the decentralized world.

Wish you a great week ahead!

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