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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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gm Scrollers,

Welcome to another week of scroll-worthy news 👀

Today, we’ve got headlines ranging from Telegram’s founder public statement to $720M+ in recent crypto outflows to to Wisdom Tree’s revoked Ethereum ETF application.

For our those who consistently scroll, just remember: WAGMI ⛓

• Pavel Durov, Telegram founder, makes public announcement after recent arrest (BW)

• Fed orders United Texas Bank to halt crypto services over AML concerns (CS)

• Mastercard joins forces with Mercuryo to launch non-custodial crypto card in Europe (TD)

• Japan’s three major banks to test cross-border stablecoin transfer platform (TB)

• Former Mt. Gox CEO plans for new ‘transparent’ crypto exchange launch (TB)

• Crypto fund outflows reach highest amount, $725M, since March (CD)

• U.S. Federal Reserve research shows crypto ownership isn’t rising anymore (CT)

• Goldman Sachs issues huge Fed crash warning (F)

• Solana Foundation announces new project to invest up to $1M in grant funding to Solana developers and founders building in the ‘finternet’ space (X)

• $30M raise for web3 infrastructure service by Balance (P2)

• Sonic SVM plans $12.8M sale of 50K HyperFuse nodes to support Solana (MR)

• DRiP, a solana creator platform, raises $8M seed round co-led by NFX, Progression, and Coinbase Ventures (TB)

• CMCC Global and Hashed co-lead $6M investment into Hong Kong digital asset company, IDA (FS)

• CATIZEN creator Pluto Studio receives backing from Binance Labs (MSN)

• Venture Capital giants A16Z and USV subpoenaed by New York about Uniswap (CD)

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• Coinbase stock slips as court sides with SEC (CG)

• CZ banned from managing Binance for life (MR)

• CFTC blocks predictive betting market Kalshi from offering election betting contracts (CT)

• Commonwealth Unity Fund, a Super PAC, donates $600k+ to republican senate as U.S. election nears (CT)

• Latvia Central Bank is taking proactive steps to keep up with EU regulations, including pre-licensing consultations (CT)

• 87% of crypto registered firms do not meet U.K. regulatory qualifications (NB)

• The need for U.S. Congress to enact clear regulation for crypto (H)

• North Korean Spies are infiltrating U.S. companies through IT jobs (WSJ)

• Penpie hit by $27M exploit last week (BP)

• L2 DAI deployer compromised (X)

• FTC reports tenfold increase in scams involving BTC ATMs (P)

• Lazarous Group is targeting blockchain experts with fake video-conferencing tech (HR)

• $25M Ethereum chain exploit leads to multiple new US arrests (NB)

• WazirX hacker moves $11M of ETH to Tornado Cash (CD)

• Wisdom Tree has revoked its application for their spot Ethereum ETF application (SEC)

• VanEck announces change in Ethereum ETF product line as it struggles to obtain institutional interest (BW)

• Ethereum hits 2024 low as it sees $270M+ liquidated this weekend (DT)

• Monochrome pushes for ETH ETF in Australia (CS)

• Vitalik plans to donate ERC-20 holdings (TD)

• Base plans to increase gas target (CB)

• How 2 MIT students stole $25M of Ethereum in 12 seconds (ARS)

• Magic Eden sees surge of $60M in daily volume showing multi-chain NFT dominance (TB)

• Chainalysis may have leaked Monero traceability (CT)

• Telegram CEO pushes back against charges (TD)

• Injective enables traders to bet on growth of Blackrock’s BUIDL fund (TD)

• Visa and Santander selected by Brazil Central Bank for a second phase of CBDC pilot (CD)

• Matter Labs restructure leads to layoff of 16% of the employees (CD)

• Trump promises to embrace industries of the future (CD)

• Trump crypto allies call family startup a ‘huge mistake’ (P)

• Real World Assets continue massive explosion within defi (NG)

• Tether’s quiet $102M investment into Adecoagro agriculture firm (TB)

• Healthcare projects are the top amongst all for decentralized science (CT)

• 5 signs crypto might continue to be in a bear market (CT)

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