ETH Whales Make A Huge Splash

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Hope you had a killer week whether you are buying, trading, or BUIDLing something 💻 Another week of some major headlines in the crypto world: Rumors spread that Binance & token BNB is staying afloat by selling BTC; The DEA sent a crypto scammer $50k; ETH whales are on the move; and information on recent rough times in the market (and opportunistic on a major Bull Run 🐂). Enjoy the weekend & keep on scrolling ⛓

• Mastercard and Binance cut crypto card partnership (REUT)

• Oman launches $350M crypto mining center (CT)

• Binance partners with MoonPay to convert USD to Tether (P)

• Nearly 90% of short term BTC holders are underwater (CD)

• China launched a blockchain-powered data exchange (CT)

• Rapid BTC withdrawals potentially related to Binance, ~ 5.7k BTC, totaling $150M 🤯

• Vessel Capital emerges as newest crypto fund, totaling $55M and on pace to deploy $10M+ annually (TC)

• Balderton Capital leads $13.4M funding round for Anytype’s P2P open-source tool for developers (SB)

• $13M raise for Bitcoin mining startup, Nodal, that turns trash into BTC (D)

• Pendle Finance raises $3.7M from Mechanism Capital, Crypto.com, and others for DeFi yields market platform (PENDLE)

• MIDAO Directory Service picks up $1M seed funding for legal framework with DAOs (@MIDAODS)

• Thailand threatens Facebook over crypto scams (CT)

• Former OpenSea Exec gets 3 months in prison (CD)

• Tornado Cash founders charged with laundering more than $1B (CNBC)

• The U.S.’ attempt at tackling crypto taxing (WSJ)

• Bart Stephens lost $6.3M in SIM-Swap hack (F)

• Balancer discloses $33M vulnerability (TD)

• Quantstamp uses new service to battle flash loan attacks (CD)

• FBI flags $40M in stolen funds linked to North Korea (BW)

• United States DEA accidentally sent $50k to a scammer (BZ)

• ETH whale picks up $94M worth of ETH around $1.6k price (CD)

• Bitstamp pauses ETH staking in US (CT)

• ARK Invest’ plans for ETH Futures (CT)

• 355k wallets hold between 10 and 100k ETH (@santimentfeed)

• 1inch launches on Ethereum Layer-2, Base (DT)

• Solana integrates plug-in with Shopify for USDC payments (TC)

• Pro traders are using Kraken Pro (K)

• Unstoppable Domains now offering encrypted messaging for web3 domains (BW)

• Rumors circulate that XRP could be listed on Robinhood by EoY (NBTC)

• The personal narrative of an Alameda Research engineer losing his life savings due to SBF (@aditya_baradwaj)

• Crypto wallet security tips from Exodus wallet (@exodus_io)

• How web3 can help with the ticketing monopoly (AI)

• What are the 3 assets most correlated with BTC? (CT)

• How Proof of Reserves is vital for asset tokenization (D)

• Misconceptions about SNARKs (@a16zcrypto)

• Impossibility of Stateless Blockchains (a16zcrypto)

• Why the markets are down this week (CT) 📉

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