Web3 and Crypto Newsletter- Week #46 (September 25 ~ October 01)
Welcome to Web3 and Crypto Newsletter, your exclusive guide to the world of decentralization. Our weekly newsletter features hand-picked latest news from the industry, all designed to help you stay on top of the latest developments and make informed decisions.
Market ๐๐
Crypto Institutional Funds Continues to Bleed, but XRP and SOL Gain Investor Confidence ๐๐ป Source
Merges and Acquisitions ๐
1. Alchemy Acquires Satsuma, a Blockchain Data Indexing Platform to Enhance Web3 Developer Infrastructure ๐๐ป Source
2. Ripple Calls Off Fortress Trust Acquisition ๐๐ป Source
3. Fireblocks Buys BlockFold to Expand Institutional Crypto Offerings ๐๐ป Source
Partnerships ๐ค
1. Binance Sets Sights on Asia with Plans to Launch New Stablecoin in a Partnership with Japanโs Largest Financial Group ๐๐ป Source
2. Circle Launches Euro-Backed Stablecoin EURC on Stellar ๐๐ป Source
3. IBM and Microsoft Lead Formation of Post-Quantum Cryptography Coalition to Secure the Future of Encryption ๐๐ป Source
4. Central Banks Collaborate to Test CBDCs in France, Singapore, and Switzerland ๐๐ป Source
5. Tottenham Hotspur Launches Web3 Fan Token in a Partnership with Chiliz ๐๐ป Source
6. Crypto.com Partners with PayPal and Paxos to Become Preferred PYUSD Exchange ๐๐ป Source
7. French Museum Taps Tezos for Launching NFTs in a Bid to Attract New Audiences ๐๐ป Source
8. Google Cloud Joins Polygon Validators Set ๐๐ป Source
9. Arbitrum Foundation and Fracton Ventures Collaborate to Bring Arbitrum Technology to Japan ๐๐ป Source
10. Georgia Selects Ripple Labs as Potential Limited Live CBDC Partner ๐๐ป Source
Projects ๐
1. Mixin Network Halts Services Following $200 Million Hack ๐๐ป Source
2. Arbitrum Airdrop Tokens Go Unclaimed, Treasury Increased by $57M ๐๐ป Source
3. Huobi Global Hacked for $7.9M, Users Urged to Reset Passwords ๐๐ป Source
4. Coinbase Successfully Registers With Spainโs Central Bank ๐๐ป Source
5. Binance Resumes Services in Belgium, Welcomes New Registrations After Three-Month Hiatus ๐๐ป Source
6. Celsius Creditors Approve Reorganization Plan ๐๐ป Source
7. Crypto Market Making Firm Keyrock Receives Regulatory Approval in Switzerland ๐๐ป Source
8. Bitcoin Ordinals Creator Announces New NFT Protocol โRunesโ ๐๐ป Source
9. Kraken Expands European Reach with Registrations in Spain and Ireland ๐๐ป Source
10. Gemini Invests $24 Million to Boost Presence in India ๐๐ป Source
11. Blocknative Suspends MEV Boost Relay to Explore More Profitable Ventures ๐๐ป Source
12. Bankrupt Crypto Lender BlockFi Secures Approval to Repay Users ๐๐ป Source
13. Binance Fully Exits Russia with Sale to CommEX ๐๐ป Source
14. Kraken Expands Offerings with US and UK Stock Trading ๐๐ป Source
15. IOTA to Launch Smart Contracts and Tokens on ShimmerEVM ๐๐ป Source
16. Coinbase International Exchange Receives Green Light for Perpetual Futures Trading ๐๐ป Source
17. Valkyrie Launches Ethereum Futures ETF, First of Its Kind ๐๐ป Source
18. Crypto Exchange Gemini to Exit Netherlands Market in November ๐๐ป Source
19. Circle Launches Tokenized Credit Protocol Perimeter ๐๐ป Source
20. OpenTrade to Offer Tokenized US Treasuries in Asia ๐๐ป Source
Investments ๐ฐ
Web3 Fashion Startup IYK Secures $16.8M in a Seed Round Led by a16z ๐๐ป Source
Regulatory and Policy ๐ฎ๐ปโโ๏ธ
1. Hong Kong to take action against suspicious crypto platforms after JPEX scandal ๐๐ป Source
2. Digital Yuan App Now Supports Prepaid Mastercard and Visa Payments for Tourists ๐๐ป Source
3. Coinbaseโs Involvement in Celsius Restructuring Plan Raises SEC Concerns ๐๐ป Source
4. Taiwan Publishes Guidelines for Crypto Exchanges, Top Exchanges Unite to Advance Industry Interests ๐๐ป Source (1, 2)
5. Shanghai Recognizes Bitcoin as Digital Currency ๐๐ป Source
6. US Federal Reserve Banks Warn of Stablecoin Risks ๐๐ป Source
7. SEC Postpones Decision on Spot Bitcoin ETF for ARK 21Shares, Blackrock, Invesco and Bitwise ๐๐ป Source (1, 2)
8. SEC Chair Gensler Reiterates Crypto Concerns, Avoids Questions on Bitcoin ETF in Congressional Hearing ๐๐ป Source
9. ECB Chief Reveals Euro CBDC Will Not Guarantee Full Anonymity ๐๐ป Source
10. Brazil Introduces Blockchain-Based Digital ID ๐๐ป Source
Miscellaneous ๐ฒ
1. Amazon Makes Major Investment in AI Firm Anthropic ๐๐ป Source
2. MicroStrategy Spent $150 Million on Bitcoin since August ๐๐ป Source
3. China Unveils Plans for Giant AI Chip Factory to Counter US Sanctions ๐๐ป Source
4. OpenAIโs ChatGPT Gains New Capabilities: Sight, Hearing, and Speech ๐๐ป Source
5. NASA to Use Blockchain to Combat Moon Landing Conspiracy Theories ๐๐ป Source
6. Microsoft Considering Crypto Wallet Integration for Xbox ๐๐ป Source
7. JPMorganโs Chase Bank Bans Crypto Transactions in UK, Citing Increased Scams ๐๐ป Source
8. Nomuraโs Laser Digital Set to Launch Operations in Abu Dhabi ๐๐ป Source
9. Texas Now Accounts for Nearly 30% of Bitcoin Hash Rate in US ๐๐ป Source
10. ChatGPT Gets Real-Time Access to the Internet, Expanding Knowledge Base ๐๐ป Source
11. Buenos Aires Launches Blockchain Digital Identity Solution Using zk Proofs ๐๐ป Source
12. Curve Finance Founder Pays Off Aave Loan, Reducing Debt to $42.7M ๐๐ป Source
13. Circle, Paradigm File Amicus Brief in Binance-SEC Case ๐๐ป Source
14. Ethereum ETF to Launch on October 2, Bitwise Announces ๐๐ป Source
15. Valkyrie Temporarily Puts ETH Futures Contracts on Hold ๐๐ป Source
16. Vitalik Buterin Explores Potential Changes to Ethereum Staking in Recent Blog Post ๐๐ป Source
๐ Major upcoming economic events:
1๏ธโฃ USA, ISM Manufacturing PMI, Oct. 02
2๏ธโฃ USA, Fed Chair Powell Speaks, Oct. 02
3๏ธโฃ USA, JOLTS Job Openings, Oct. 03
4๏ธโฃ USA, ADP Non-Farm Employment Change, Oct. 04
5๏ธโฃ USA, ISM Services PMI, Oct. 04
6๏ธโฃ USA, Average Hourly Earnings m/m, Oct. 06
7๏ธโฃ USA, Unemployment Rate, Oct. 06
๐ Major upcoming fundamental events:
1๏ธโฃ Metis (METIS), DA Migration Vote, Oct. 02 ~ 05
2๏ธโฃ Sui (SUI), Token Unlock (34.62m), Oct. 03
3๏ธโฃ dydx (dydx), Token Unlock (2.16m), Oct. 03
4๏ธโฃ Tornado Cash (TORN), Token Unlock (22.84k), Oct. 04
5๏ธโฃ Tezos (XTZ), YouTube Live AMA, Oct. 05
6๏ธโฃ 1inch (1INCH), Token Unlock (287.14k), Oct. 05
7๏ธโฃ Galxe (GAL), Token Unlock (416.67k), Oct. 05
8๏ธโฃ Nym (NYM), Token Unlock (12.50m), Oct. 06
9๏ธโฃ Hashflow (HFT), Token Unlock (3.23m), Oct. 07
๐ Immutable X (IMX), Token Unlock (18.08m), Oct. 07
1๏ธโฃ1๏ธโฃ Moonbeam (GLMR), Token Unlock (3.04m), Oct. 08
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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