Hello everyone, and welcome to the latest issue of the Web3 and crypto newsletter!

This week, we’ve got a lot of exciting news to cover, including regulators and watchdogs targeting stablecoins, crypto custody and trading services growing, scaling solutions capturing the headlines, and much more!

So if you’re interested in staying up-to-date on the latest developments in the Web3 and crypto space, be sure to read on!

Market 📈📉

Crypto Funds Experience Six-Week Streak of Inflows 👉🏻 Source

Merges and Acquisitions 📎

1. Proof Group Emerges as Strong Contender in Race to Resurrect FTX 👉🏻 Source

2. Crypto Tax Platform Blockpit Acquires Accointing, Expanding Reach to the UK 👉🏻 Source

Partnerships 🤝

1. South Korea’s SK Telecom to Develop Crypto Wallet in Partnership with Aptos, Atomrigs Lab 👉🏻 Source

2. Cardano and Polkadot Forge Historic Alliance 👉🏻 Source

3. Mantle and Ondo Finance Collaborate to Introduce USDY, a Yield Token Supported by Real-World Assets 👉🏻 Source

4. SUI Partners with Space and Time to Integrate Zero-Knowledge Tools into Web3 Games 👉🏻 Source

5. Animoca Brands Partners with Cool Cats Group to Expand Web3 Presence in Japanese Anime Market 👉🏻 Source

6. HSBC Partners with Ripple-Owned Metaco for Digital Assets Custody 👉🏻 Source

7. Polygon Labs and Near Partner on ZK Prover for WASM Integration 👉🏻 Source

8. ARK Invest Collaborates with 21Shares to Launch Innovative Suite of Digital Asset ETFs 👉🏻 Source

9. Immutable and Ubisoft Partner to Create Seamless Web3 Gaming Experiences 👉🏻 Source

10. Bitget Integrates DeFi Swap Service into its App 👉🏻 Source

Cardano and Polkadot Forge Historic Alliance (Photo by Claudio Schwarz on Unsplash)

Projects 🔍

1. FTX Plans to Sell $744M worth of Grayscale, Bitwise Assets through Investment Adviser to Pay off Debts 👉🏻 Source

2. TON Shatters Blockchain Speed Records, Becoming the Fastest in the World 👉🏻 Source

3. Arbitrum Community Votes for Proposal to Activate Token Staking 👉🏻 Source

4. Kraken Seeks Partners to Build Layer-2 Blockchain Network, Following Coinbase 👉🏻 Source

5. Ava Labs Trims 12% of Workforce to Focus on Growth 👉🏻 Source

6. Nil Foundation Introduces zkSharding for Ethereum 👉🏻 Source

7. Celestia Challenger Avail Launches Incentivized Testnet 👉🏻 Source

8. The Graph Enhances its Web3 Search Capabilities with AI-Assisted Querying 👉🏻 Source

9. Marathon Digital Expands into Paraguay with 100% Renewably Powered Bitcoin Mining Project 👉🏻 Source

10. Evmos Shifts Focus to Ethereum-Based Transactions, Ending Support for Cosmos 👉🏻 Source

11. Circle Eyes 2024 IPO, Signaling Growing Institutional Interest in Crypto 👉🏻 Source

12. Ripple Announces New Payment Platform and Africa Partnership, Expanding Reach to Unlicensed Clients 👉🏻 Source (1, 2)

13. Binance Launches Self-Custody in-App Web3 Wallet 👉🏻 Source

14. Illuvium Poised to Go Mainstream with Epic Games Store Listing 👉🏻 Source

15. OPNX Obtains EU Spot Crypto Trading License in Lithuania 👉🏻 Source

16. Near Foundation Races Celestia in Battle for Data Availability Solutions 👉🏻 Source

17. SEC Chair Gensler Open to FTX Reboot Under Proper Leadership 👉🏻 Source

18. Polygon Village Raises $90 Million Fund to Support its Ecosystem 👉🏻 Source

19. Celsius Network Payment Plan Moves Forward, SEC Approval Next 👉🏻 Source

20. Justin Sun’s Poloniex Suffers over $100 Million Hack 👉🏻 Source

21. Genesis Proposes Reducing 3AC Claim by 96.7%, Awaiting Court Approval 👉🏻 Source

Investments 💰

1. Llama Raises $6 Million in Seed Funding to Advance Smart Contracts Governance 👉🏻 Source

2. Euro-pegged Stablecoin Startup Secures €3.3 Million Seed Round Funding 👉🏻 Source

3. Web3 Infrastructure Firm Pimlico Closes $4.2 Million Seed Round, Led by a16z Crypto 👉🏻 Source

4. OpenSea Investor Slashes Stake Valuation by 90% 👉🏻 Source

5. Archetype Leads $25M Investment in AI Firm Ritual 👉🏻 Source

6. Ethereum Scaling Solution Stackr Secures $5.5 Million 👉🏻 Source

7. Standard Chartered and SBI Holdings to Inject $100M into Crypto Startups 👉🏻 Source

8. Lightspeed Faction Raises $285M for New Crypto Startup Fund 👉🏻 Source

9. Dutch Crypto VC Maven 11 Aims to Raise $100 Million for Third Fund 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. Hong Kong to Expand Retail Access to Spot Crypto ETFs 👉🏻 Source

2. UK Moves Closer to Stablecoin Regulation with New FCA and BOE Documents 👉🏻 Source

3. FED’s Michael Barr Advocates for Robust Federal Framework to Regulate Stablecoins 👉🏻 Source

4. US Banking Watchdog Hsu Warns of Crypto Fraud, Sees Promise in Tokenization 👉🏻 Source

5. US Consumer Financial Protection Bureau (CFPB) Proposes Oversight of Some Crypto Payments 👉🏻 Source

6. EU Banking Watchdog Unveils Draft Liquidity Rules for Stablecoin Issuers 👉🏻 Source

7. BIS Warns That Stablecoins are not a Safe Store of Value 👉🏻 Source

8. SEC Reportedly Opens Discussions with Grayscale on Spot Bitcoin ETF 👉🏻 Source

9. SEC May Approve Spot Bitcoin ETFs between Nov. 9 and Nov. 17 👉🏻 Source

10. US Lawmakers Take Aim at Chinese Blockchain Companies with CLARITY Act 👉🏻 Source

11. Smart Contracts Face Uncertain Future in Europe after EU Data Act Vote 👉🏻 Source

12. Indian Supreme Court Dismisses Crypto Petition, Emphasizes Legislative Need 👉🏻 Source

13. Bitcoiners Propose Bill to Protect Blockchain Technology and Decentralization in Argentina 👉🏻 Source

Smart Contracts Face Uncertain Future in Europe after EU Data Act Vote (Photo by Michael Dziedzic on Unsplash)

Fun & crazy 😁😳

1. SEC Struggling to Hire Crypto Experts, Job Candidates won’t Sell Their Holdings 👉🏻 Source

2. Lawmaker Proposes Drastic Pay Cut for SEC Chair Gary Gensler to $1 per Year 👉🏻 Source

Miscellaneous 🎲

1. Third-Largest German Bank to Offer Crypto Custody to Institutional Investors 👉🏻 Source

2. Robinhood to Launch EU Crypto Trading and UK Brokerage Services 👉🏻 Source

3. Former Cantor Executives Launch Crypto Lending Platform, Betting on Spot Bitcoin ETF Approval 👉🏻 Source

4. Grayscale Chainlink Trust Trades at Massive Premium, Suggesting LINK is in High Demand among Institutional Investors 👉🏻 Source

5. Crypto Bank SEBA Receives License for Crypto-Related Services in Hong Kong 👉🏻 Source

6. Microsoft Invests $100M in Canadian Quantum Computing Company 👉🏻 Source

7. BlackRock Files for Spot Ethereum ETF on NASDAQ 👉🏻 Source (1, 2)

8. JPMorgan Introduces Programmable Payment Solutions for JPM Coin 👉🏻 Source

9. Crypto Lender Hodlnaut to Liquidate after Failed Restructuring, Sale Efforts 👉🏻 Source

Keep us going strong — Tip us!

📆 Major upcoming economic events

1️⃣ USA, Core CPI m/m, Nov. 14

2️⃣ USA, CPI m/m, Nov. 14

3️⃣ China, Industrial Production y/y, Nov. 15

4️⃣ USA, Core PPI m/m, Nov. 15

5️⃣ USA, Core Retail Sales m/m, Nov. 15

6️⃣ USA, Empire State Manufacturing Index, Nov. 15

7️⃣ USA, PPI m/m, Nov. 15

8️⃣ USA, Retail Sales m/m, Nov. 15

9️⃣ USA, Unemployment Claims, Nov. 16

📆 Major upcoming fundamental events

1️⃣ XDC Network (XDC), XDC 2.0 on Test Network, Nov. 13

2️⃣ eCash (XEC), Network Upgrade, Nov. 15

3️⃣ Flow (FLOW), Token Unlock (2.6m), Nov. 16

4️⃣ 1inch (1inch), Token Unlock (21.43k), Nov. 16

5️⃣ ApeCoin (APE), Token Unlock (15.6m), Nov. 17

6️⃣ Oasis Network (Rose), Token Unlock (196m), Nov. 18

7️⃣ Nervos Network (CKB), First Halving, Nov. 19

Until next time, stay decentralized and keep on cryptaining! Thanks for reading Web3 and Crypto Newsletter, and we look forward to bringing you more news and updates on the world of web3 and cryptocurrencies.

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