Digital Oil and Digital Gold

Sponsor 🤝 Follow Us 🖤 Recent Articles 📰

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.

You can check out our previous articles and please follow us on Twitter!

gm Scrollers,

HUMP DAY SCROLL ⛓

Crypto markets are feeling the outflows as Bitcoin hit $66k yesterday and $400M+ was liquidated in hours last Friday 😅 But crypto VCs HODL hard with tons of new investments in the last 7 days. Ark created Ark Labs to compete with the Bitcoin Lightning Network. UWU Lend hit by $19.3M exploit. The world’s largest bank gives major praise to ETH and BTC. And so much more. Keep on Scrolling (only if you’re GMI) 🖤

• Crypto prices stay stagnant amid $400M liquidation last Friday (CD)

• 10% of staff laid off at MoonPay (BLOCK)

• Crypto: The Game was acquired by Uniswap Labs (DT)

• Trump’s crypto portfolio dropped millions overnight (FY)

• Trump wants all remaining Bitcoin to be mined in the United States (F)

• Bitcoin slumps to $66k as spot ETF inflow streak concludes after 2 weeks (CD)

• BTC transaction fees suddenly shoot to $52 (CT)

• BlackRock BTC ETF have 300K BTC ($21B) AUM (WG)

• Semler Scientific now holds 828 BTC and plans to buy $150M more (CT)

• Griffin Gaming, a major web3 gaming investor, to raise a smaller Fund III, targeting $500M (PB)

• Ripple announces new blockchain innovation fund for Japan and South Korea (CNBC)

• Trust Machines raises $150M to bring web3 to BTC (UY)

• $35M Series A led by Bain Capital Crypto for M ^ 0, minting protocol technology (BLOCK)

• Nexus, a zk cryptography startup, banks $25M Series A co-led by Lightspeed Venture Partners and Pantera (FSME)

• Squads Labs scores $10M round led by Electric Capital amid new app release, Fuse (BLOCK)

• Multicoin Capital leads $8M Series A for Mountain Protocol (BLOCK)

• Glacier Network closes $8M angel and seed round, valuing the company at $100M (BLOCK)

• Hack VC led $6.2M round for web3 AI research & development startup, ChainML (PGZ)

• Mint Blockchain raises $5M for NFT Ethereum L2 technology from backers JSquare, SNZ Capital and others (FSME)

• Web3 security solutions startup Almanax raises pre-seed funding from defy.vc (CFI)

• Zircuit raises takes strategic investment from Binance Labs (BLOCK)

• Tectris, a new travel accelerator, is on the lookout for web3 startups (FF)

Advertise Your Brand Here!

Get your name or project across 8,000+ readers by filling out the form below:

• Hong Kong plans to include staking in ETH ETFs (FXS)

• South Korea’s Financial Services Commission (FSC) sets new guidelines for NFTs to be considered as digital assets (N.B)

• Ziimbabwean government consults experts for virtual asset regulation and needs (CT)

• U.S. FTC issues a consumer warning for online dating & love interests to be cautious around crypto investments and sending money (N.B)

• How crypto regulations are changing worldwide (WF)

• Orbit Chain hacker returns after months of silence, transferring $48M to Tornado Cash (DC)

• A hacker has exploited UWU Lend for $20M already (CT)

• A closer look at the $10M Velocore exploit (NM)

• 2FA for Guardian service compromised for Loopring, leading to $5M hack (BLOCK)

• Hardware Security Models using cryptography (CPL)

• Solana cracks down on validator sandwich attacks (M)

• Since 2011: 13 Years. ~800 hacks/thefts. $19B+ lost. (CD)

• Ethereum’s Pecta upgrade may be split into two forks (TD)

• ZkSync, an Ethereum L2, announces ZkNation, a new community-led governance system (BLOCK)

• Pre-mine ETH address awakens amidst ETH plunging (UT)

• MetaMask launches ‘pooled staking’ on Ethereum for new blockchain contribution method (CD)

• ICBC, the world’s largest bank, calls Ethereum ‘digital oil’ and Bitcoin ‘digital gold’ (TDH)

• Ark Labs launched as a Bitcoin L2 payments competitor to the Lightning Network (BLOCK)

• Alchemy launches ‘Alchemy Rollups’ to provide a development kit rollup infrastructure (C.N)

• Tether expects to makes $1B worth of investments around financial infrastructure and AI (CD)

• Iggy Azalea is relaunching a telecommunications company she cofounded, integrating $MOTHER and Solana (@IGGYAZALEA)

• Empirical data on Layer-2 arbitrage opportunities (ARX)

• LTC vs ETH in recent transactions and performance (TV)

• Transferring digital asset gains into real estate assets like a house (CT)

• We are not even close to an altcoin bull run (@milesdeutscher)

Sponsored Content: There is no sponsored content in today’s newsletter