Atomic Bomb: Atomic Wallet With $35M Hack

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Happy Monday Scrollers! Time to continue #BUIDLing towards greatness. We’re always happy to hear what cool projects our readers are working on in the web3/NFT space! Today’s read recaps this weekend’s news, including: T-Mobile becoming a validator on a blockchain, more new web3 VC funds, and Atomic Wallet hit with a huge hack. Keep on scrolling!

• T-Mobile parent company is now a validator on the blockchain (BW)

• JPMorgan and 6 Indian Banks to settle dollar trades on Onyx Blockchain (CD)

• Coinbase to offer institutional BTC and ETH futures (CD)

• Increasing number of divorce proceedings involve crypto (CT)

• Coinbase wallet introduces gas-free USDC transactions (@CoinbaseWallet)

• A Crypto founder was found dead last week (CT)

• Red Beard Ventures closes new $25M fund from A16Z founders, Animoca Brands, and SuperRare CEO John Crain (P2)

• Magic got $52M for their wallet (MAGIC)

• M80 got $30M to build the future of creator economy (M80)

• Transak got $20M for its payment gateway (TRANSAK)

• Illuvium got $10M for its adventure game (ILLUVIUM)

• Binance Labs co-leads $6.6M for Fusionist to innovate web3 gaming (CFI)

• US Commodities may change risk rules to consider crypto (CD)

• Japans new stablecoin framework (BW)

• US lawmakers aim for crypto regulatory clarity (CT)

• Atomic Wallet losses reach over $35M in 4 day period (CT)

• Hong Kong launches CyberDefender web3 platform (CG)

• OpenAI CTO twitter account hacked to promote fraudulent token (DECRYPT)

• What security and prevention will be like for web3 (VB)

• SecuX and Trend Micro’s new cold wallet collab (SECINFO)

• Crypto bear, Peter Schiff, targeted in crypto scam, $GOLD (BTCIST)

• Lido is over 36% of staked ETH (REDDIT)

• GameStop partners with Telos for NFT gaming (@GameStopNFT)

• May memecoins caused crazy gas prices - now decreasing in June (CT)

• Vitalik Buterin and the beginning of Ethereum (CD)

• South Korea is more bullish on $XRP than $ETH according to trades (BW)

• Taurus added support for Polygon for tokenization & custody platform (BLOCK)

• Coinbase will offer “institutional-sized” BTC and ETH futures to customers this week (DT)

• Sui blockchain signs multiyear deal with redbull racing (CD)

• Avalanche hits 1M active monthly users for the first time (TB)

• Wall street preparing to take on crypto comapnies (FT)

• MoonPay Execs cashed out $150M before crash (YAHOO)

• Cent acquires Tacit, a rewards loyalty company, for an undisclosed amount to make NFT collection easier (VB)

• MET Museum of Art to return $550k donation back to FTX (CT)

• What metrics do cross-chain investors use? (AXELAR)

• Can AI sabotage your crypto? (CD)

• China’s stance on web3 innovation (TC)

• Web3 innovation is far from dead according to X Ventures’ partner (HN)

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