Crypto's Biggest Hater & (Potentially) Former SEC Chair: Gary Gensler

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Twitter has been the most interesting place on earth for crypto & web3 followers over the last few days. People want Gary Gensler out from the SEC and he can't answer simple questions about crypto, but continues to criticize it. The Twitter crypto community also learned that Shaq has been hiding from the fact he was another celebrity involved with FTX. On a higher note, crypto M&A is booming and more VC dollars are flooding the space. Enjoy the read and make sure to share the newsletter! Keep on scrolling ⛓👇🏼

• Shaq served by FTX class action lawsuit (PYMNTS)

• Twitter partners with eToro to bring crypto to the app (CD)

• Bhutan has bought millions in bitcoin in crypto (BiC)

• Coinbase is looking to leave the United States (INV)

• Gary Gensler blames crypto for the failure of SVB in yesterday's hearing (@WatcherGuru)

• Crypto M&A at an all time high for activity (BBG)

• Global Web3 VC deals April 17, 2023 (PB)

• Austin, TX based Unchained Capital raised a $60M Series B round from Valor Equity Partners for Blockchain financing services (FSME)

• Xclaim secures $7M Series A for crypto asset 'locked by bankruptcy' trading platform led by VC Josh Jones (FTG)

• Hack VC led Fractal Protocol's $6M seed round for creating institutional-grade products (ALXB)

• Patron.xyz and TTCER co-led Tonic.xyz $5M seed round to build a blockchain based art gallery (ALXB)

• Fire, a crypto fraud prevention browser extension, raises $3.5M from Atomic startup studio (AX)

• Techstars announces 2023 Web3 cohort (ITN)

• How AI has taken over crypto VC funding (FORKAST)

• House set to examine the future of stablecoins (PYMNTS)

• SEC chair Gary Gensler in the hot seat for climate change and crypto (CNBC)

• SEC says exchange Bittrex violated federal laws (CD)

• Rep. Davidson introduces legislation to fire SEC chair Gary Gensler (CT)

• Overregulation can be good for web3 (HN)

• A hacker has left developers & auditors puzzled as they hacked over $10M in ETH via MetaMask (DT)

• Hundred Finance loses $7M in Optimism hack (CT)

• Terraport hack confirmed to be an insider job (TCB)

• Hacks & Rug pulls are slowing in 2023 - so far (BIST)

• Over 1M ETH has been withdrawn since Shanghai hard fork (CD)

• Cubist launches bank-grade Ethereum key management service (CD)

• ETH Whales move over $110M in ETH (DH)

• Trump has earned up to $1M in NFT sales in 2022 (CD)

• Immutable passports opens borders to web3 games (CD)

• Starbucks releases new NFT collection on Polygon (TB)

• Celebrities fight back on FTX lawsuits claiming FTX yield-bearing accounts were illegal in the U.S. (REUT)

• Intel to stop manufacturing chips for crypto miners (CT)

• Blockmate Ventures company Hivello officially launches crypto passive income application (INVN)

• Berkshire Hathaway becomes involved with web3 & blockchain (@PropyInc)

• 7 Key takeaways from A16Z's '2023 State of Crypto' report (@a16zcrypto)

• 17 book recommendations for web3 builders (@a16zcrypto)

• Top 3 characteristics needed to be a VC in Web3 (TBN)

• Gary Gensler failed to answer whether ETH is a commodity or security testifying at yesterday's hearing (@sassal0x)

• Q1 2023 Web3 development report (@AlchemyPlatform)

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