Coinbase Looks To Fire Back At SEC

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

May 17, 2023

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Here’s your midweek web3 + crypto + blockchain update! Keep on scrolling 🤝🏼⛓

  • SEC vs Coinbase saga continues (@iampaulgrewal)

  • Individual BTC addresses with over 1 BTC reaches 1M (CT)

  • WolrdCoin is launching on Optimism (WC)

  • Uniswap has done more volume than CoinBase for 4 months (CD)

  • NFTfi launched a brand-new phase in their loyalty program (NFTFI)

  • FTX hit with $43B claim from U.S. government (KROLL)

  • Red Beard Ventures raises a $25M Fund for DeFi and web3 gaming investments (CD)

  • Auradine, a web3 internet infrastructure startup, raised $81M (AX)

  • Peter Thiel participates in $35M Series B with Kingsway Capital for Bitcoin financial services startup, River (CD)

  • Unitea raises $7M from 1st Class Guernsey, Token Society, and others for engage-to-earn music platform (PRN)

  • Sweden’s AnotherBlock raises €4M after successful test with Rhianna (TC)

  • Polygon Co-founder, Sandeep Nailwal is launching a web3 fellowship deploying $500k annually (YS)

  • Samsung and Bank of Korea strengthen CBDC partnership (BW)

  • DOJ says regulators to crackdown on illicit behavior of exchanges (CD)

  • The Chamber of Commerce calls out the SEC (@MetaLawMan)

  • EU approves first crypto rules (REUTERS)

  • Ledger, crypto hardware wallet provider, under fire from community over recovery service (DT)

  • The US Secret Service does an AMA on Reddit over crypto (TB)

  • North Korean hackers have stolen nearly $750MM of crypto from Japan since 2017 (REUT)

  • Will Sam Altman’s Worldcoin lead to more freedom or more surveillance (CPOT)

  • ETH nears month long wait for staking ETH (CD)

  • ETH validators are failing to confirm valid blocks (CG)

  • Polygon co-founder launches web3 fellowship program (CD)

  • Origin launches OriginEther (ORIGIN)

  • Lightning Labs launches update for Bitcoin blockchain transactions (CT)

  • Ribbon Finance introduces Aevo for on-chain options trading (TB)

  • LG files patent for TVs that let users trade NFTs (CD)

  • Zebedee Games enables BTC transactions (PYMNTS)

  • Assassins Creed announces smart collectibles (DECRYPT)

  • Jump Crypto utilized a secret trade to prop up TerraUSD ($USDT) (WSJ)

  • Will there be high fees on BTC (CD)

  • Do Web3 games need tokens? (vaderresearch)

  • What Google’s ChatGPT, BardAI, thinks of web3’s potential (NFTG)

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