Billion Dollar Liquidations & NFT Sell-Offs

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For all of our American 🇺🇸 readers, we hope you have a safe and happy 4th of July 🎆 While the banks might be closed, crypto never sleeps! Too much news this weekend for us to take off, so here’s some headlines you are going to want to pay attention to: Multiple crypto companies seeing liquidations issues & concerns, a Bitcoin ATM company is going public via SPAC, Azuki sees NFT sell-off and in the midst of a DAO vote to file a lawsuit, and most importantly - we have tons of resources at the bottom on the current market, building in web3, and educational content! WAGMI 🖤

• Mastercard wants to launch blockchain app store (BW)

• Hong Kong establishes task force for web3 development (CT)

• Three Arrows creditors seek $1.3B from founders (B)

• SBF loses bid to toss our multi-billion dollar charges in the FTX collapse (REUT)

• BlockFi creditors seek immediate liquidation with CEO fraud accusations (BLOCK)

• Bitcoin Depot will go public via SPAC ($885MM) on the NASDAQ today (CT)

• Solana overtakes Ethereum 24H NFT sales for first time in history

• LBBanks, the venture arm of LBBanks, announces strategic investment into ArkStream Capital ($100MM AUM) to accelerate web3 innovations (CNF)

• Peter Thiel backs OneTrading, a spinout from BitPanda exchange, participating in $33MM funding round (FF)

• Neutrong raises $10MM from LongHash Ventures & CoinFund (@oracle_xyz)

• Mind Network raises $2.5MM from Binance Labs, Comma3 Ventures, Hashkey Capital, Big Brain Holdings and others for data security & privacy platform (GE)

• Revisiting 2023 VC predictions (PB)

• NFT Influencer Mario Nawfal investigated by FBI / SEC (P)

• SEC vs Coinbase set for July 13 (CD)

• South Korean lawmakers pass crypto bill to protect investors (TB)

• Canadian Government proposes extensive blockchain plans (@CryptoKingKeyur)

• Vitalik Buterin weighs in on SEC in crypto (B)

• The Binance setback in Europe (BLOCK)

• $370K exploit on Orcale vulnerability (@BlockSecTeam)

• Poly Network scammer issued $4B of ‘worthless’ tokens including SHIB, BNB, others from a smart-contract vulnerability (CD)

• Coinbase to be surveillance partner for Fidelity (CD)

• ETH co founder claims Ethereum to be “clearly a commodity” (CP)

• Ethereum Name Service (ENS) plans expansion to Layer 2 ecosystem (TB)

• Vitalik Buterin feels bad for Solana (D)

• ETH Foundation’s $2M academic grants (E)

• Chicago Mercantile Exchange (CME) announced plans for ETH/BTC Ratio futures (CT)

• Layer2 Rollups have a significant impact in Ethereum’s scalability & adoption (e27)

• Azuki long-term holders participate in sell-off frenzy, sending project 800%+ (BLOCK)

• Azuki DAO holds vote to hire a lawyer to file a lawsuit against creator

• Ledger launches custodial trading network for institutions (TB)

• KuCoin introduces mandatory KYC for all users (TB)

• BTC price has never lost more than 10% in July (CT)

• Is self custody easy or difficult? (CD)

• What exactly is web3? (BJ)

• Can web3 compete in the chip race? (Y)

• The needs for a crypto bull market to happen (@TaschaLabs)

• Why crypto assets are not securities (LAW.HARVARD)

• Web3 mass adoption: onboarding the next billion users (INV)

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