Hey everyone, and welcome to another week of the Web3 and crypto newsletter!

This week, we’ll be taking a look at the following topics:

- First country which brought its CBDC to life,
- Tokenization grows as connecting on-chain and off-chain worlds,
- Bitcoin appearing as a potential path for investment immigration,
And way more news!

Whether you’re a seasoned crypto veteran or just starting out, we hope you’ll find something of interest in our weekly newsletter. So let’s dive in!

Merges and Acquisitions 📎

CoinShares Secures Exclusive Option to Acquire Valkyrie’s ETF Business in US Expansion Bid 👉🏻 Source

Partnerships 🤝

1. Animoca Brands Partners With Chiliz to Boost Fan Engagement and Sports Monetization through SportFi 👉🏻 Source

2. Ondo Introduces Bridge to Facilitate Cross-Chain Movement of Treasuries-Backed USDY Stablecoin 👉🏻 Source

3. Circle, Cosmos, dydx Collaborate to Provide Better Access to USDC 👉🏻 Source

4. Disney Partners with Dapper Labs to Launch NFT Platform 👉🏻 Source

5. JPMorgan, Apollo Collaborate with Axelar, Oasis, and Provenance to Explore Tokenization of Funds 👉🏻 Source

6. OKX Joins Forces with Komainu and CoinShares to Offer Institutional Segregated Asset Trading 👉🏻 Source

7. Singapore Central Bank Introduces 5 New Pilots to Test Asset Tokenization with JPMorgan, BNY Mellon, DBS 👉🏻 Source

8. Tech Giants Microsoft, Tencent, and Others Embark on Decentralized Infrastructure with Infura 👉🏻 Source

Tech Giants Microsoft, Tencent, and Others Embark on Decentralized Infrastructure with Infura (Image by rawpixel on Freepik)

Projects 🔍

1. XRPL’s ‘fixReducedOffersV1’ Upgrade Advances with 85% Consensus Reached 👉🏻 Source

2. Hackers Attacked Bitcoin ATM Operator Coin Cloud, Sensitive Information of 300,000 Users Exposed 👉🏻 Source

3. South Korean Cryptocurrency Exchange Bithumb Plans IPO in H2 2025 👉🏻 Source

4. Tether Issued $4 Billion USDT in Just 4 Weeks 👉🏻 Source

5. Aave Companies Launches Lens V2 on Polygon 👉🏻 Source

6. Former Youtube, Polygon High-Ranked Team Member Joins a16z-Backed Optimism 👉🏻 Source

7. Crypto.com Secures VASP License in Dubai 👉🏻 Source

8. dydx Chain Trading Goes Live on Beta Mainnet 👉🏻 Source

9. Uniswap Unveils Android Wallet App with Built-in Swap Feature 👉🏻 Source

10. OKX Debuts Ethereum Layer 2 Testnet on Polygon CDK 👉🏻 Source

11. Opyn Founders Depart Crypto Sphere Following Regulatory Scrutiny 👉🏻 Source

12. Crypto Custody Firm Hex Trust Granted Dubai’s VASP License 👉🏻 Source

13. Binance Japan Lists 13 New Tokens, Including Near and The Graph 👉🏻 Source

14. Solana Rejects ‘Security Threat’ to Saga Phones after CertiK Video Raises Concerns 👉🏻 Source

15. PancakeSwap Dives into the World of Games with the Launch of a Gaming Marketplace 👉🏻 Source

16. Bakkt Expands Custody Services, Embraces Popular Meme Coins 👉🏻 Source

17. Tether and Bitfinex Emerge Victorious as Court Finalizes Dismissal of Lawsuit 👉🏻 Source

18. Paxos Secures Approval to Issue USD Stablecoin in Singapore 👉🏻 Source

19. Binance Partners with Thai Energy Firm for Local Exchange 👉🏻 Source

20. Sushi Enables Native BTC Support, Breaks Barriers with ZetaChain Integration 👉🏻 Source

21. Tether Prepares to Enter Bitcoin Mining Arena with $500M Investment 👉🏻 Source

22. Aave Companies Rebrands to Avara, Expands with Acquisition of Ethereum Self-Custody Wallet Family 👉🏻 Source

23. Coinbase Enhances Commerce Product by Introducing Onchain Payment Protocol on Ethereum, Polygon, and Base 👉🏻 Source

24. Bitcoin Ordinals-Inspired Polygon Offshoot Spurs Gas Fee Surge 👉🏻 Source

25. EigenLayer Announces Plans to Enable Staking with Data Availability Layer Operators by H1 2024 👉🏻 Source

26. Wormhole Executives Leave Jump Trading to Operate Protocol Independently 👉🏻 Source

Investments 💰

1. Fnality secures $95 Million in Funding Round Led by Goldman Sachs and BNP Paribas to Accelerate Blockchain-based Financial Settlement Solutions 👉🏻 Source

2. Blockchain.com Secures $110M in Series E Financing, Valuation Drops to Less Than $7 Billion 👉🏻 Source

3. Tokenization Firm Superstate Secures $14M Investment 👉🏻 Source

4. Taproot Wizards Raises $7.5M in Seed Round to Advance Bitcoin’s Ordinals 👉🏻 Source

5. Tokenized Knowledge Marketplace Sleek Secures $5M, Binance Labs among Investors 👉🏻 Source

Regulatory and Policy 👮🏻‍⚖️

1. Hong Kong Considers BTC Payments for Investment Immigration 👉🏻 Source

2. Crypto Industry Pushes Back against IRS Proposed Tax Reporting Regulation 👉🏻 Source

3. IMF Chief Georgieva Says CBDCs Hold Promise for Island Economies, Enhancing Resilience 👉🏻 Source

4. Kazakhstan Pioneers CBDC Adoption with First Official Transaction 👉🏻 Source

5. SEC Postpones Decision on HashDex, Grayscale (ETH), and Franklin Templeton Spot ETF Applications 👉🏻 Source (1, 2)

6. Crypto-Friendly Lawmakers Urge Biden, Yellen to Clarify Crypto’s Role in Financing Hamas 👉🏻 Source

7. CFTC Chairman Acknowledges Regulatory Challenges in Preventing Future Crypto Exchange Meltdowns 👉🏻 Source

8. New York Financial Watchdog Issues Guidance to Enhance Crypto Listing and Delisting Procedures 👉🏻 Source

9. Philippines to Sell Tokenized Treasury Bonds for the First Time 👉🏻 Source

10. Singapore to Pilot ‘Live’ Wholesale CBDC Next Year 👉🏻 Source

11. IOSCO Unfolds Proposed Crypto Regulatory Framework, Laying Ground for Global Oversight 👉🏻 Source

12. SEC Postpones Decision on Global X Spot Bitcoin ETF 👉🏻 Source

Miscellaneous 🎲

1. Cboe to Introduce Margined Bitcoin and Ether Futures in January 👉🏻 Source

2. Cathie Wood Suggests Gary Gensler’s Political Aspirations are Influencing Approval of Spot BTC ETFs 👉🏻 Source

3. Standard Chartered Ventures Embraces Tokenization with Libeara Platform Launch 👉🏻 Source

4. Tornado Cash Users File Appeal against US Treasury’s Sanctions Ruling 👉🏻 Source

5. Delaware Authorities Refer Fake BlackRock XRP Filing to Law Enforcement 👉🏻 Source

6. Germany’s Financial Regulator Grants Commerzbank Crypto Custody License 👉🏻 Source

7. Nearly Half of Crypto Lost from Exploits Stems from Traditional Web2 Flaws, Study Reveals 👉🏻 Source

8. South Korea’s National Pension Fund Acquired Roughly 290k Coinbase Shares in Q3 👉🏻 Source

9. WisdomTree Amends Spot Bitcoin ETF Filing amid SEC Deliberations 👉🏻 Source

10. Fidelity into Ethereum Investment Landscape with Spot ETF Filing 👉🏻 Source

11. OpenAI’s Sam Altman Removed, CTO Mira Murati Appointed Interim CEO 👉🏻 Source

OpenAI’s Sam Altman Removed, CTO Mira Murati Appointed Interim CEO (GeekWire Photo — Todd Bishop)

📆 Major upcoming economic events

1️⃣ USA, FOMC Meeting Minutes, Nov. 21

2️⃣ USA, Unemployment Claims, Nov. 21

3️⃣ Euro, French Flash Manufacturing PMI, Nov. 23

4️⃣ Euro, French Flash Services PMI, Nov. 23

5️⃣ Euro, German Flash Manufacturing PMI, Nov. 23

6️⃣ Euro, German Flash Services PMI, Nov. 23

7️⃣ Britain, Flash Manufacturing PMI, Nov. 23

8️⃣ Britain, Flash Services PMI, Nov. 23

9️⃣ USA, Flash Manufacturing PMI, Nov. 24

🔟 USA, Flash Services PMI, Nov. 24

Keep us going strong — Tip us!

📆 Major upcoming fundamental events

1️⃣ Blur (BLUR), Announcement, Nov. 20

2️⃣ NEXO (NEXO), Product Roadmap AMA, Nov. 21

3️⃣ 1inch (1INCH), Token Unlock (21.43k), Nov. 22

4️⃣ Avalanche (AVAX), Token Unlock (9.54m), Nov. 17

5️⃣ Acala (ACA), Token Unlock (4.66m), Nov. 25

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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