Web3 and Crypto Newsletter- Week #54 (November 27 ~ December 03)
Welcome to the weekly Web3 and crypto newsletter!
This week, we’ll cover the latest news and trends in the Web3 and crypto space, including Binance vs. DoJ case aftermath, institutional investors setting a new record of inflow, UAE’s ambition for becoming a leading Web3 hub, and way more updates.
Keep reading!
Market 📈📉
Crypto Market Boosted by Bitcoin ETF Optimism, Sees Largest Fund Inflow since Late 2021 👉🏻 Source
Merges and Acquisitions 📎
HIVE Digital Expands European Reach, Acquires Data Center in Sweden 👉🏻 Source
Partnerships 🤝
1. Circle and SBI Holdings Forge Alliance to Expand USDC’s Reach in Japan 👉🏻 Source
2. Standard Chartered Partners with China for Pilot Testing of Digital Yuan 👉🏻 Source
3. Algorand Expands Ecosystem with Strategic Partnerships in India 👉🏻 Source
4. Institutional Crypto Trading Platform Talos Embraces Decentralized Finance with Uniswap Integration 👉🏻 Source
5. Rarible to Launch Royalty-Embedded EVM Chain for NFTs with Arbitrum Partnership 👉🏻 Source
Projects 🔍
1. Cosmos Community Votes to Cap ATOM Inflation Rate at 10% to Ensure Sustainable Growth 👉🏻 Source
2. Paradigm Researcher Criticizes Blast’s Marketing Strategy 👉🏻 Source
3. Cosmos Co-Founder Proposes Hard Fork Following Contentious Governance Decision 👉🏻 Source
4. OKX Expands Reach to Brazil with Crypto Exchange and Web3 Wallet 👉🏻 Source
5. New Binance CEO Unveils Vision for User-Centric Exchange 👉🏻 Source
6. eToro, M2 Receive ADGM Crypto Licenses to Operate in UAE Financial Hub 👉🏻 Source
7. Bitcoin Miner Canaan Secures $125 Million in Financing despite Revenue Drop 👉🏻 Source
8. Binance.US Announces CZ’s Resignation as Board Chairman 👉🏻 Source
9. Chainlink Expands Staking Accessibility with v0.2 Release 👉🏻 Source
10. Fireblocks Introduces Off-Exchange Trading to Eliminate Counterparty Risks 👉🏻 Source
11. Zipmex Offers Creditors 3 Cents per Dollar in Restructuring Plan 👉🏻 Source
12. Iota Establishes $100 Million Foundation in Abu Dhabi to Fuel Middle East Growth 👉🏻 Source
13. SEI Blockchain to Integrate EVM Support in V2 Upgrade 👉🏻 Source
14. Paxos Expands its Stablecoin Presence to Abu Dhabi 👉🏻 Source
15. Copper Introduces Institutional Trading Platform for Tokenized Securities 👉🏻 Source
16. SoFi Transitions Crypto Operations to Blockchain.com 👉🏻 Source
17. Binance to Phase out BUSD Stablecoin Support Starting December 15 👉🏻 Source
18. Grayscale Paves Way for Potential Conversion of GBTC Trust into Spot Bitcoin ETF 👉🏻 Source
19. BNB Chain Unveils opBNB Roadmap: Enhanced Scalability and Reduced Fees in Sight 👉🏻 Source
20. Alchemy Pay Integrates New Deposit Options, Including SEPA Instant and UK’s Faster Payments 👉🏻 Source
21. Binance Expands Institutional Offerings with Off-Exchange Collateral Custody 👉🏻 Source
22. Swiss Crypto Bank SEBA Announced a Rebrand to AMINA Bank 👉🏻 Source
23. Binance VIP Traders Alerted ahead of $4B Settlement 👉🏻 Source
24. ETF Veteran Joins Grayscale ahead of Potential Bitcoin ETF Approval 👉🏻 Source
25. Velodrome, Aerodrome Frontends Suffer Second Hack in Recent Days 👉🏻 Source (1, 2)
NFTs 🏞
JPMorgan: DeFi and NFT Revival Signs ‘Only Tentative’ 👉🏻 Source
Investments 💰
1. Animoca Brands Becomes Largest Validator as It Invests in TON Network 👉🏻 Source
2. DeFi Platform Coinchange Secures $10M to Expand API Yield Services 👉🏻 Source
3. Wormhole Soars to $2.5 Billion Valuation with $225 Million Funding Round 👉🏻 Source
4. Jack Dorsey Backs Ocean’s Mission to Decentralize Bitcoin Mining Globally with $10M Seed Round Investment 👉🏻 Source
5. Tiger Global Cuts Valuation of BAYC and OpenSea Stakes 👉🏻 Source
Regulatory, Policy, and Legal 👮🏻♀️⚖️
1. CZ Temporarily Barred from UAE Prior to Sentencing, Judge Rules 👉🏻 Source
2. SEC’s Investigation of Binance.US Continues as Agency Seeks Evidence of Potential Fraud 👉🏻 Source
3. Coinbase Notifies Users of Subpoena Tied to CFTC’s Examination of Bybit 👉🏻 Source
4. Voyager Digital and Former CEO to Pay $1.65 Billion in Settlement with FTC 👉🏻 Source
5. SEC Seeks Public Input on Hashdex, Franklin Templeton’s Proposed Bitcoin ETFs 👉🏻 Source
6. Genesis and DCG Reach Repayment Agreement to Resolve $620M Dispute 👉🏻 Source
7. Binance Unauthorized to Operate in Philippines, Warns Securities Regulator 👉🏻 Source
8. US Cracks Down on Cryptocurrency Mixer Sinbad Linked to North Korean Hacking Group 👉🏻 Source
9. US Treasury Seeks Expanded Authority to Regulate Crypto and Stablecoins Abroad 👉🏻 Source
10. BIS Urges Central Banks to Prioritize Security in CBDC Development 👉🏻 Source
11. FTX Granted Permission to Sell $873M in Grayscale, Bitwise Fund Shares 👉🏻 Source
12. Brazil Considers Extending Crypto Taxation to Holdings Abroad 👉🏻 Source
13. Fasset Secures VASP License to Operate in Dubai 👉🏻 Source
14. Circle Refutes Allegations of Connections to Justin Sun and Hamas 👉🏻 Source
15. SEC Legal Team under Fire: Judge Warns of Sanctions for Misleading Conduct 👉🏻 Source
16. UK Tax Authority Intensifies Efforts, Cracks Down on Unpaid Crypto Taxes 👉🏻 Source
Fun & crazy 😁😳
KyberSwap Hacker Issues Ultimatum: Complete Control or No Return of Stolen Funds 👉🏻 Source
Miscellaneous 🎲
1. International Alliance Establishes Principles for Secure AI Development 👉🏻 Source
2. Hamas and Hezbollah Switch to Tron for Crypto Transactions 👉🏻 Source
3. IBM Expands Utility-Scale Quantum Computing to Japan, Triggering Competition Concerns in China and Europe 👉🏻 Source
4. Amazon Debuts AI-Powered Chatbot ‘Q’ for Businesses 👉🏻 Source
5. Pando Asset Enters Race for Spot Bitcoin ETF amidst BlackRock’s Ongoing Discussions with SEC 👉🏻 Source
6. Standard Chartered Says Bitcoin Price Poised to Surge 165% in 2024, Driven by ETF Approval Expectations 👉🏻 Source
7. MicroStrategy Bolsters Bitcoin Holdings with $593 Million Purchase, Seeks $750 Million in Stock Offering 👉🏻 Source
8. Microsoft to Boost UK’s AI Prowess with $3.2 Billion Investment 👉🏻 Source
9. ARK Invest Continues Selling Streak, Offloads $15M Worth of Coinbase Shares in a Week 👉🏻 Source
Meme of the Week!
📆 Major upcoming economic events
1️⃣ USA, JOLTS Job Openings, Dec. 05
2️⃣ USA, ADP Non-Farm Employment Change, Dec. 06
3️⃣ USA, Average Hourly Earnings m/m, Dec. 08
4️⃣ USA, Non-Farm Employment Change, Dec. 08
5️⃣ USA, Unemployment Rate, Dec. 08
📆 Major upcoming fundamental events
1️⃣ Horizen (ZEN), v.4.1.1 Hard fork, Dec. 06
2️⃣ Hashflow (HFT), Token Unlock (13.62m), Dec. 07
3️⃣ Kava (KAVA), v.15.0 Hard fork, Dec. 07
4️⃣ 1inch (1Inch), Token Unlock (21.43k), Dec. 09
Another week, another step closer to a decentralized future. Thanks for joining us on this journey through the world of web3 and cryptocurrencies. Stay tuned for more news and updates, and we’ll see you in the next issue of Web3 and Crypto Newsletter.
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