9 Figure Bitcoin Break Down

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Your end of the week wrap up is here! Here’s some wild headlines to finish off the week: Bitcoin sell off in the last 24 hours hits 9 figures; ETH Futures trading is inching to the finish line pending on SEC approval; Too many charts & graphs that point to a crypto bull run - according to technical traders. We love having your eyes 3x per week and look forward to continue providing you with the most important news pieces in web3, crypto, DeFi, & blockchain. Keep on scrolling ⛓🖤

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• SpaceX wrote down $373M worth of BTC from 2021-2022 holdings according to Musk (CT)

• Bitcoin loses nearly ~$44B in market capitalization this week (YF)

• 1005 BTC mined in 2010 is on the move (CT)

• Stardust launches Wallets-as-a-Service enabling game devs to integrate web3 (D)

• Market Update following 24hr sell-off: down ~ 9% for the week

• GravityX Capital and Coinswitch Ventures launch web3 scale-up program, LevitateX (CXO)

• BitGo raises $100M Series C, valuing the company at $1.75B (CPOT)

• ClassWallet raises $95M growth round for digital wallet-reimbursement platform (BW)

• ZTX secures $13M led by Jump Crypto (DSA)

• Dinari secures $7.5M seed funding from Third Kind VC, 500 Global, and others for tokenized stock trading (SA)

• Former Meta engineer raises $6M from A16Z Crypto for new Layer-1, Linera (CD)

• Conic Finance raised $1M from Curve founder (@ConicFinance)

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• Singapore to agree to stablecoin crypto regulation (CNBC)

• Coinbase wins approval to offer crypto futures trading in US (R)

• How the FIT Act could be the most progressive crypto legislation passed by Congress (CD)

• North Koreans have stolen $2B worth of crypto since 2018, and $200M+ in 2023 (INV)

• BNB hacker loses $63M in DeFi exploits (CPDA)

• Crypto lender Exactly Protocol hit with $12M exploit involving cross-chain bridge (CD)

• AI is protecting brands from IP fraud in Web3 (CT)

• RocketSwap exploited for $866K from key compromise (D)

• SEC could approve ETH Futures as soon as October (DT)

• $BALD dev sends $12M back to ETH after mess up (Y)

• Stader Labs helps decentralize ETHs blockchain (MR)

• $1B crypto liquidations for Bitcoin & Ether in last 30 hours (CD)

• Charles Hoskinson, Cardano founder, takes another jab at Ethereum (BTCIST)

• Scary things happening on ETH (U)

• web3 gaming platform Immutable launches zkEVM on Polygon (CD)

• Shiba Inu’s Layer-2 Shibarium sees rough start following launch (DT)

• PayPal to stop crypto sales until 2024 (REUT)

• There has been more $BTC liquidations in the last 24 hours than during the FTX fallout 😅

• Is there enough evidence for a crypto bull run? (CT)

• Can XRP ever surpass BTC/ETH as payment crypto (CP)

• How to stake ETH (AI)

• The 3 things that can determine the future of crypto (CD)

• Katie Haun to discuss the future of VC x Crypto at TechCrunch Disrupt (TC)

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