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Welcome to the Crypto Scroll. web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to.

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Your middle of the week update is here! Today’s edition includes: The Binance burden and CZ’s announcement of stepping down as CEO; Kraken being labled as an “unregistered securities broker”; Stories of wallets 100x+ in just a few months; and so much more. We will see you next week on Monday morning as our team will be off for the Thanksgiving holiday. We are beyond thankful for every one of you scrollers reading and sharing our content. Safe travels to all scrollers and WAGMI 🖤

• Binance and its CEO, Changpeng Zhao (CZ), is being charged with $4B in anti-money laundering federal crimes (DOJ)

• CZ tweets remarks as news breaks he is stepping down as Binance CEO (@cz_binance)

• Kraken labeled as “unregistered securities broker-dealer” by SEC, also implying mixing customer funds (CD)

• Greyscale confirms with SEC that they have reached a Service Agreement and Transfer Agency with BNY Mellon for Spot Bitcoin ETF transfer (@BitcoinMagazine)

• Varadox Capital announces $120M fund for crypto, gaming, and NFT startup investments (DJ)

• Leo Ventures launches 10 Million venture fund to back fintech startups, including web3 and crypto consumer (YF)

• BLAST, a Layer 2 network created by Blur’s founders, raises $20M from Paradigm and other top crypto VCs (CPED)

• Fhenix secures $7.5M seed funding from Multicoin Capital, Bankless VC, and many more for rollup technology (@FhenixIO)

• Electric Capital leads Llama $6M seed round for smart contract platform (@llama)

• Bitkraft Ventures and others back Bazooka Tango with $5M funding for blockchain gaming studio (BZT)

• Saga secures a $5M seed-extension round from Longhash Ventures and Red Beard Ventures (VB)

• Beoble hits $2M pre-seed raise from DCG, Samsung Next, Hashkey Capital and others (@beoble_official)

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• CZ is facing 18 months in U.S. prison as part of plea deal (@WatcherGuru)

• Yesterday, the DOJ reported it had crypto enforcements coming (WG)

• New Zealand dollar stablecoin goes live with local bank (CT)

• SEC labels 10+ tokens as “unregistered securities” in filing against Kraken exchange (CryptoTea_)

• dWallet Labs team discovered a $1B chain vulnerability in validator company InfStones (dWL)

• KPMG Canada and Chainalysis partner to fight crypto crime (CD)

• DOJ discovers Binance played a part in the $10B FTX liquidity crisis, and plans to charge the firm $4B settlement fee (@ThetaChungus)

• Harpie is protecting from crypto hacks (MR)

• Cyber Scam Organization disrupted through seizure of $9M (J)

• Justin Sun claims $100M exploited after transfers (M)

• ETH Layer 2 solution Kinto moves from Optimism to Arbtirum ecosystem (BLOCK)

• New Ethereum Layer 2, Blast, opens early access and attracts $30M in bridged assets (BLOCK)

• EtherFi staking goes live (@ether_fi)

• A beginners guide to Ethereum Sharding (CD)

• Ethereum Follow Protocol (EFP) what it is and how it works as ETH social graph (X)

• ETH validators are now queuing to exit the network (M)

• CoinDesk was recently acquired by Bullish (VRG)

• CZ is to be released on $175M bond with sentencing in February 2024 (CD)

• Ubisoft Innvation Labs works with Animoca Brands’ ‘Mocaverse’ for web3 initiatives (NFTG)

• BCB Group CEO quits 5 months after taking the role (CD)

• 15.8M BNB tokens ($4b) transferred from Binance to U.S. Treasury wallet (@zoomerfeid)

• $BNB token down 10% in last 24 hours

• Blockchain Bloat (APF)

• Yield Farming: a lucrative way to earn yield in defi (CD)

• Hiring in Web3 (A16ZCrypto)

• How a crypto wallet went from less than $1k to nearly $1M via memecoins (@0xRefelction)

• The steps of a crypto investor going from $2.9k to $225k in 56 days (@dealerdefi)

• Deep dive on the SEC 90 page filing against Kraken as “unregistered broker” (@Orlando_btc)

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