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$120M Of Bitcoin About To Flood The Market 🌊

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End of the week calls for 1 more scroll ⛓ Crypto markets haven’t exactly been nice to us since the Spot ETFs were approved, however, it’s looking like a beautiful road ahead with the Bitcoin halving less than 86 days away and slight rebound yesterday putting $BTC above $41k! Plus more on: Silk Road’s $117M Bitcoin being auctioned; the web3 vc bounce back; Hong-Kong’s preparation for Spot BTC ETF; and Algorand Foundation CEO hack. Keep on Scrolling for the best and most relevant headlines in web3, crypto, and blockchain 👀🖤

  • The U.S. Government is set to auction off $117M+ of BTC seized from the Silk Road (TCB)

  • Bitwise becomes the first Bitcoin ETF to publish their public address of its holdings (@BitwiseInvest)

  • Google will allow advertisements for crypto and Bitcoin ETFs starting in February (CG)

  • BTC is falling from its recent highs (P)

  • FTX sells $1B of BTC ETF causing large outflow shift (CD)

  • Bitcoin rebounds from below $39k to $41.4k 

Image provided by Coin360

  • Cryptomeria Capital nearing final close of $50M web3 fund (YF)

  • Sygnum, a cryptobank, nears unicorn status with $40M raise (BLOCK)

  • Axiom, a smart contract infrastructure startup, secured $20M Series A funding co-led by Paradigm and Standard Crypto (CT)

  • CoinFund leads $11.5M Series A for DIMO decentralized car data network protocol, Digital Infrastructure Inc. (BLOCK)

  • Synonym Finance closes $1.5M Seed funding led by Borderless Capital for cross-chain DeFi lending (CW)

  • Web3 marketing startup Safary raises $2.4M Pre-seed round led by Lemniscap (@Safaryclub)

  • Gamified Bitcoin accelerator 10n8 Little Dragons raises $1.5M in 72 hours (DT)

  • LBank makes strategic investment in Entangle for improving web3 communication (CNF)

  • Rollbit teams up with Faze Clan for Multi-Million-Dollar esports deal (D)

  • Polygon Labs and Warner Music Group partner for Web3 Music Accelerator and announce initial members (CT)

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  • Hong Kong looks to be the next country to offer Spot Bitcoin ETF in the coming months (CN)

  • Indonesia’s tax revenue falls 63% in 2023 (CD)

  • Nexo seeks $3B in damages from Bulgaria investigation (R)

  • Asia is embracing tokenized securities (A)

  • SEC delays ETH ETF decision to March (D)

  • $580K drained with CoinTelegraph wallet connect fake airdrop (P)

  • North Korea hacking hit a record high in 2023 (CNBC)

  • Senator Cynthia Lummis weighs in on crypto vs non-crypto money laundering (@SenLummis)

  • Algorand Foundation CEO X account was compromised (@AlgoFoundation)

  • Celsius moved ~ 444k ETH ($1B+) to centralized exchanges in 13 transactions yesterday, potentially to pay creditors back (CT)

  • Ethereum Foundation reveals Dencun updgrade, including the Spolia and Holesky testnets, should be completed in February (DT)

  • Base leverages Chainlink technology to improve developer automation tools (CS)

  • Did Donald Trump sell $2.4M in ETH? (Y)

  • ONDO token reaches $1B market cap in one day (TD)

  • Base releases mission, strategy, and roadmap for 2024 (BASE)

  • Florida claimed to have friendliest crypto tax among all states (M)

  • Magic Eden partners with Non-Fungible DAO to open-source protocols (D)

  • Solana delivers token extensions to attract token developers (M)

  • A BTC ordinals inscription sold for $254K (D)

  • Tesla is still holding 9,720 BTC, unchanged in Q4 (M)

  • Donald Trump owns more than $1.1M of a memecoin named after him (DT)

  • Michael Saylor of MicroStrategy, speaks on Bitcoin potential to hit $5M

  • BlackRock is hosting an educational seminar on Bitcoin today (@BitcoinMagazine)

  • The token utility problem in web3 gaming (CT)

  • Web3 fan engagement and social media with Calaxy founder Solo Ceesay (SC)

  • The importance of due diligence when evaluating web3 projects (N)

  • How Magic Eden’s diamond rewards program will impact multiple chains (@thedropnft)

Me checking my crypto wallet every 12 minutes 👇🏼

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