Coming To Terms With Binance And Crypto

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Your mid-week update has arrived 📜 Top headlines this week so far include more Information about the SBF trial, Binance.US’ new Terms of Service impacting withdrawals, swirling opinions on Uniswap’s newest exchange fee, global blockchain events, and more. Keep on scrolling forever⛓

• Binance suspends all customer USD withdrawals (WGURU)

• BinanceUS updates its ‘Terms of Service’ with notes about FDIC-insurance and withdrawal process (BW)

• Former FTX chief engineer Nishad Singh pleads guilty to 6 charges in FTX case (AX)

• SBF admits to donating customer funds to politicians (WGURU)

• General Catalyst and Local Globe VC co-led Ositum Labs’ $3.5M round to work with real world assets (RWA) (@OsitumLabs)

• Animoca-subsidiary Darewise Entertainment scoops up $3.5M from token sale (NFTG)

• How Hexacore’s $3.5M funding round in July is propelling web3 mobile games (VB)

• Fileverse announces $1.5M funding from Gnosis and Factor for web3 file management system (CD)

• OKX Ventures announces Series B participation in modular blockchain Celestia Labs just one year after its $55M Series A (PRN)

• Initia comes out of stealth with investment from Binance Labs for 0-to-1 rollups(@InitiaFDN)

• 2023 has seen $2.3B invested into web3 gaming projects, $600M coming in Q3 (CPOT)

• SEC needs to provide more clarity on Bitcoin ETFs (AB)

• Australia outlines licensing program for crypto exchanges (M)

• Uniswap pool may include KYC check soon (M)

• Global regulator claims banks must disclose crypto (M)

• Sanctions in place for Hamas-linked financing including crypto (PTCO)

• European Union agreement on crypto tax data sharing (CD)

• California puts comprehensive crypto bill in place (KTCO)

• Fantom Foundation Wallet hacked for estimated $6.7M (CT)

• DeFi protocol Platypus announced it has made progress and recovered 90% of stolen funds in sAVAX liquidity pool (@Platypusdefi)

• Cybersecurity firm Guardio discovers malicious code method against blockchain smart contracts called EtherHiding (CTRST)

• Solana launches bug bounty amid rumors of SBF killswitch (M)

• The life of Jimmy Zhong, the man who stole then lost $3B+ (CNBC)

• Stars Arena announces recovery of 90% of stolen funds (X)

• Uniswap adds .15% fee causing commotion in the Ethereum ecosystem (DT)

• Binance and Cristiano Ronaldo anounce 3rd NFT collection drop (CMST)

• LayerZero launches new tool Gas Station (BW)

• Ethereum Liquid Staking DeFi (LSDFI) ecosystem sees 5,800% or 59x increase in 2023 (CT)

• Hamas funding including cash, charities, and crypto (REUT)

• Consensys is moving quickly with Its web3 strategy with its 3rd acquisition since 2022 (BW)

• Blockchain Sports and Polygon solidify partnership for metaverse sports project (SoP)

• FTX Creditors could receive 90% of their holdings in 2024 (DT)

• Coinbase trading volumes slump amid another crypto winter (CD)

• Larry Fink, CEO of BlackRock, is continuing to speak highly about Bitcoin and crypto for their customers

• NYC Tech Week Event of AI x Web3, hosted by Hedera (DJ)

• World Blockchain Summit in Dubai is coming November 1-2 (CT)

• Mazda and Mitsubishi hosting a Web3 Global Hackathon (KEY3)

• Lessons for the crypto world from CoinEx’s $70M hack (BiC)

• What does the future of web3 gaming look like? (R)

• Reddit’s blockchain-based community points (VRG)

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