Bankrupt Crypto Companies Are Actively Problem Solving Billions Owed

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Happy Friday Scrollers! Crypto companies tied to bankruptcy including Alameda, BlockFi, and Bittrex are all making headlines recently with new activity. Plus, over 30 venture deals occurred this week for blockchain and web3 startups - we are extremely bullish right now, even in this bear market. Who’s stacking up their crypto bags right now and loving our newsletter?!? ✋🫵🚀🌚

• Microsoft and Goldman partner for privacy-enabled blockchain (CS)

• Bankrupt exchange BlockFi gets permission for $297M wallet return to customers (REUT)

• China is looking into the NFT gaming space (DECRYPT)

• Alameda wallets acquire $57M from OKX (CD)

• Circle refuses long dated treasuries amongst government default concerns (TB)

• Terra Founder Do Kwon released on bail (@WatcherGuru)

• An OG Bitcoin dev wants to cancel ordinals (@frankdegods)

• Binance Labs, the VC arm of Binance, has raised their AUM from $7.5B to $9B even after FTX imploding and the crypto bear market (CD)

• An executive is leaving infamous crypto investing firm 10-T to start a new $200M crypto investment firm (TKNST)

• Odsy raises $7.5M at $250M valuation (CD)

• LaVita AI raises $5M from Camford Capital for a AI x Web3 healthcare platform (FSME)

• BlockTorch gets $4.6M backing from Ideo CoLab Ventures (PB)

• Artizen fundraises $2.2M for NFT artifacts (DECRYPT)

• Cookbook brings in $2M to support web3 developers (CD)

• HyperGlade secures $350k from Draper Associates for technology that helps businesses transition from web2 to web3 infrastructure (DM)

• Another Blockchain Friday Funding weekly recap thread on our Twitter! (@thecryptoscroll)

• Former Coinbase employees sentenced to 2 years for insider trading (AMBCRYPTO)

• Biden calls to remove $18B tax loophole for crypto (CT)

• Chamber of Commerce back Coinbase in SEC fight (BW)

• Florida Governor DeSantis bans CBDCs (@WatcherGuru)

• New York state to accept stablecoins for bail payment (WGURU)

• Beosin and Hashkey partner to advance virtual asset security practices (AONE)

• Cyber attacks from the last decade show crypto vulnerabilities & issues (BiC)

• Crypto Hack Roundup (BIS)

• EY launches ETH based carbon emission tracking platform (CD)

• JaredFromSubway.eth’s MEV bot rakes in millions in first months (TB)

• Sui blockchain launches its mainnet (TD)

• ETH validators make record $46M as staking surges (CT)

• Blur users open $95M of loans backed by NFTs (BW)

• Binance trading volume fell almost 50% in April (CD)

• Paypal is holding almost $1B of crypto for its customers (CT)

• Bittrex was approved for a $7M bankruptcy loan in BTC (REUT)

• IRS and Ukraine are partnering up to track Russian crypto sanction evaders (BBG)

• House Financial Services Committee chairman went off on SEC about crypto (CD)

• Crypto in Sports (FOS)

• 7 Risk Management rules/tactics for crypto holders (HR)

• Bitcoin self-custody vs exchanges (@danheld)

• Web3 social media helps influencers improve monetizing content (F)

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