BlackRock Bets Big On Bitcoin

All the defi, crypto, web3 news you need in one scroll

June 16, 2023

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

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What a way to end the week! Not only are you reading the best newsletter to get caught up quickly on all of the web3, crypto, and blockchain news from the past few days, but there may be some 🌅 light at the end of the tunnel for crypto investors. The world’s largest asset manager BlackRock, has filed for a Bitcoin ETF, leading many other investment firms to pour dollars into BTC. Ethereum has it’s own positive news, that ether may be labeled in it’s own bucket and not a security according to JPMorgan. Plus blockchain activity is still not slowing down even amidst regulatory concerns! Enjoy the final read of the week and make sure to share The Crypto Scroll with all of your HODLer frens 🖤🫡

  • BlackRock, trillion dollar asset manager, files for a Bitcoin exchange-traded fund (ETF) (REUT)

  • Binance avoids assets being frozen (P)

  • Apple threatens to remove Damus App due to BTC tipping (@Damus)

  • New York state bans crypto exchange CoinEx, and seizes $1.7M of crypto assets

  • Investors and investment managers step up risk management following 2022’s crypto catastrophes (REUT)

  • Bit2Me raises $15M to grow in Spain and Latin America (CD)

  • Polychain Capital and Polygon Ventures lead $7.5M round for Connext Labs, building the ‘https for blockchain’ (iG)

  • Salesforce leads $6M round for AI backed web3 data platform (CD)

  • Decentralized Gaming Ventures receives 7 figure investment from Korean venture fund (PRN)

  • Coinbase is pursing Legislative Solutions in SEC fight (PYMNTS)

  • Etoro and Robinhood delist 4 cryptos following SEC ruling (CD)

  • Hinman documents suggest SEC is in the wrong (CT)

  • SBF case charges pushed to 2024 (CNBC)

  • Proposed crypto bill could help clear up U.S. regulations (BW)

  • Sturdy Finance is offering $100K to the hacker that stole $800K (B)

  • Sturdy Finance reopens operations following $800k hack (CPOL)

  • Hashflow reassures customers following $600k hack (AMBC)

  • AWS outage had no impact on Ethereum network despite many nodes on AWS (DECRYPT)

  • Weekly Crypto Hack Roundup (BiS)

  • Bankrupt exchange Celsius announces plans to convert all altcoins into ETH and BTC following SEC’s deeming many as securities (CT)

  • Curve founder returns 1.3 million USDT to avoid major liquidation risk (BLOCK)

  • JPMorgan says U.S. Congress could put ETH into a ‘separate category’ (BLOCK)

  • Ethereum ecosystem activity is rising following Layer 2 shift (YF)

  • Saylor says crypto will focus on BTC after SEC actions (CD)

  • Adidas collabs with NFT artist for sneakers (DECRYPT)

  • Alchemy releases AI powered tools for web3 (CD)

  • Guy Fieri launches loyalty NFT program for tequila brand (DECRYPT)

  • Gensler used to teach and be much more clear on which cryptos are securities (TB)

  • Crypto exchange-traded funds (ANIN)

  • Blockchain innovation in Vietnam (CDEX)

  • Web3 innovations to protect from scams (ANIN)

  • Blockchain activity tracker (Messari)

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