Bitcoin's Shining Moment, Back Above $30k

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A crazy week in the books - wow, shocker! Although a lot of the news spotlight was not focused on crypto this week (submarines and a billionaire cage match), activity and trending hashtags on Twitter are ramping up. More asset managers worldwide are filing for Bitcoin ETFs, creating a nearly 18% positive week for BTC. Keep on scrolling 📜 and keep the diamond hands 🚀🌚 #moonsoon?

• More than 50% of Fortune 100 companies report blockchain initiatives (TB)

• CACEIS, a large French asset manager, will begin offering crypto services (WGURU)

• Tether to launch USDT on the Kava blockchain (TB)

• Block to open self custody wallet beta with Coinbase + Cashapp (F)

• FTX is looking to have $700MM returned from SBF friends & investors (CT)

• Investment firm Valkyrie also files for Spot Bitcoin ETF (@WatcherGuru)

• Bitcoin finishes the week up + 18% above $30k, with the overall crypto market up nearly 10%

• Optimism unveils $40M public goods funding round (TD)

• Cosmos blockchain Neutron reports $10M funding round (TB)

• Concordia secures $4MM from Tribe Capital and Kraken Ventures (@oracle_xyz)

• Superscrypt and Tangent are $4MM backers of decentralized knowledge graph startup, Intuition (@oracle_xyz)

• Anichess raises $1.5MM from Animoca Brands and others for new crypto spin on chess (DT)

• India, a prominent player for Web3 innovation, has seen a 97% decrease in web3 startup funding (MC)

• International Monetary Fund says “banning crypto may be the wrong solution” (WGURU)

• UK House of Lords approve bill that would bring regulation to crypto (CT)

• SEC may set sights on stablecoins (P)

• U.S. Presidential Candidate RFK Jr. will implement support for Bitcoin policies (WGURU)

• Jerome Powell says the FED sees stablecoins as forms of currency (WGURU)

• Ripple, $XRP, secures Singapore license (@WhaleChart)

• Crypto security needs to ramp up following $3.7B worth of hacks (H)

• Atomic knew of security flaws before $100MM hack (L360)

• CertiK, a blockchain security firm, found an infinite bug loop in Sui Network (CD)

• Security risks involved with DeFi airdrops (FRKST)

• Polygon proposes POS chain to become ZK compatible (CD)

• Custody firm Casa rolls out Ethereum support (CD)

• Etherescan launches AI tool to help users understand contracts (@etherscan)

• Ethereum finishes the week up ~ 12%

• Short traders lose $125M as ADA and ETH rally (CD)

• Ava Labs launches AI chatbot (D)

• CleanSpark to house 6000 miners at $9.3M facility (TB)

• Memecoin $PEPE jumps 70% this week (CD)

• Animoca Brands joins the Celo ecosystem for web3 gaming (NFTG)

• MakerDAO bought $700MM of T-Bonds, nearly 2.5x its previous holdings (BLOCK)

• Can NEAR be the OS for web3? (CS)

• Can rollups ever decentralize? (B)

• Dark side of digital assets (CRTI)

• Wall Street’s “digital gold” view on BTC, now at $30k (DT)

• Bitcoin’s low liquidity caused it to reach $138k for a brief moment (@WhaleChart)

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