Argentina's Big Plans for Bitcoin

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November 27, 2023

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gm Scrollers,

Hope you all had a great Thanksgiving for those who celebrated! Welcome back to another week and edition of the scroll where we highlight the top headlines in the space to keep you up to date on everything you should know in web3, defi, crypto, and blockchain. More on Argentina’s election affecting Bitcoin’s price and what’s next for Binance below 👇🏼

  • Javier Milei elected as Argentina’s president with plans to utilize Bitcoin, USD, and shut down the Argentinian Central Bank (CT)

  • Digital Asset Exchange Bullish acquires Coindesk (P)

  • Near record $6.5B in BTC and ETH options set to expire (CN)

  • U.S. government is struggling to sue $HEX founder Richard Heart for multi-billion dollar fraud (BiC)

  • Binance’s new CEO Richard Teng says it will become a more “traditional financial institution” (@WhaleChart)

  • Has crypto been reborn from Binance’s near-death experience? (F)

  • Top web3 fundraises in 2023 (CVCP)

  • Privy closes $18M Series A led by Paradigm with Sequoia and others participating, to bring customers on-chain (Privy)

  • Matr1x completes their Series A-2 with an additional $10M from top VCs, totaling a $20M round (@Matr1xOfficial)

  • Korea-based Luscent Block raised 15B KRW in a Series B for tokenized real estate securities investments (WT)

  • Definitive raises $4.1M from BlockTower VC, Nascent, and Coinbase Ventures for DeFi yield platform (@DefinitiveFi)

  • Magnus Capital leads $2.5M investment in IntentX for deep liquidity platform (IX)

  • Fence secures €1.8M Pre-Seed investment from Semantic.vc, Crane Earth VC, and many other angels (EUS)

  • Web3 & DeFi place 4th in dollars raised by vertical in last 12 months with ~$900M

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  • Javier Milei is shutting down Argentina’s Central Bank, and it’s non-negotiable (@CryptoTea_)

  • Vivek Ramaswamy say US government feels threatened by BTC (DH)

  • Hong Kong investment firm Victory Securities obtains crypto trading license (CD)

  • Brian Armstrong says ‘crypto can move on’ following Binance settlement (CNBC)

  • $HEX founder Richard Heart is hiding from U.S. officials as they attempt to sue for billion dollar scheme (@WhaleChart)

  • Israel is seizing assets from Hamas and Hezbollah on Tron blockchain (CD)

  • ETH Whales go on accumulation spree (NB)

  • Ethereum gas fees highest in 6 months (CD)

  • Blast hits $390M TVL without a product (BW)

  • Terra Classic sees a 301% surge, nearing 8 cents (CBSC)

  • Bitcoin cracks $37k following election of new Argentina president Milei (FTN)

  • Socrates launches social media and entertainment platform (F)

  • BCB Group Chief departs crypto banking firm (P)

  • Sam Bankman-Fried is providing crypto advice to his guards according to WSJ

  • New web3 game BloodLoop Game on Avalanche looks insane 🤯

  • Watcher Guru’s end of week recap (@WatcherGuru)

  • Log Regression Curves and how it could predict BTC price through 2027 (@CryptoCon_)

  • A list of the 20+ crypto firms sued by the SEC in 2023 (@CryptoTea_)

  • How to buy BTC & ETH in the UK (CT)

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