Bitcoin Market Cap Passes Visa

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Happy Monday Scrollers! Another week to kick ass, build cool shit in web3, and learn about crypto news in one quick scroll 😎 Tell us what you are building, involved with, or favorite news by tagging us on Twitter (@thecryptoscroll) and we will make sure to interact with your tweet! All we ask is that you continue sharing this newsletter with everyone in the space ✌🏻

  • Bitcoin's market cap once again surpasses Visa (@WatcherGuru)

  • Japan CBDC pilot program scheduled for April (WG)

  • Polygon to deliver ZK-rollup in march (TD)

  • Binance moved $400M to a firm owned by Binance CEO, CZ (Reuters)

  • Web3 startups bagged $185 million last week in funding (BW)

  • Amazon takes $20 million chance on web3 studio, Superplastic (CREP)

  • A16Z Crypto and DFW Labs back Yield Guild Gaming with $13.8 million for P2E game (CSAUR)

  • Unagi raises €4.7MM seed round from Binance to expand its NFT fantasy sports operations (TC)

  • GloryFinance and top Korean VC firm collaborate on $3.5 million seed round to make DeFi more accessible (BTC)

  • Sony and Astar partner to launch web3 incubation program (TD)

  • Luna founder charged by SEC for securities fraud (Pymnts)

  • New York Department of Financial Services orders Paxos to stop minting BUSD (DFS)

  • Judge threatens SBF with jail time if SBF doesn't limit internet  (NYT)

  • Unknown consequences from SEC's staking crackdown for 9 figure DeFi market (CT)

  • US Government is 'pedal to the metal' with actions against crypto (NYT)

  • $3.1M exploit found on Beanstalk logic with 181k bug bounty payout (Medium)

  • $1.5M exploit on Dexible (@BeosinAlert)

  • Platypus works on recovering $8.5 million in DeFi funds (CT)

  • NameCheap email hacked to send MetaMask phising email (BC)

  • New ransomware named "MortalKombat" and clipper malware called "Laplas" observed scamming small businesses in U.S., U.K., & Turkey (THN)

  • Q&A with Forta executive about web3's future and cybersecurity in 2023 (CMO)

  • Optimism delays bedrock upgrade (@optimismfnd)

  • Blur airdrop surged gas prices (@Mega_Fund)

  • The Shanghai Upgrade will likely bring volatility to ETH pricing (CD)

  • South Korean business executive arrested due to mishandling Ethereum funds (CN)

  • OpenSea tries to maintain marketshare against Blur by dropping fees temporarily and cutting creator royalty protections (DT)

More on the OpenSea situation:

  • Paul Pierce pays $1.4M to SEC for crypto violations (CBSnews)

  • YouTube new CEO is Web3 friendly (CT)

  • BTC whale moves $135M (DailyHodl)

  • Women are being left out of Web3 - which hurts adoption (FNT)

  • Why ZK-rollups have the advantage (@_bfarmer)

  • What is Web3 gaming? (mobidictum)

  • Ethereum Shanghai upgrade explained (CT)

  • What you need to know on crypto taxes (CNBC)

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