FedNow Right Now

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And what a finish to another crazy week, Scrollers! Thanks for reading the best ‘roundup’ newsletter for the most relevant & important headlines web3 & crypto! Today’s biggest headlines include news about the FedNow payment system, U.S. regulatory steps, and last but certainly weirdest, SBF leaking ex-girlfriend Caroline Ellison’s diary… Much love 🖤 and keep on ⛓ scrolling!

• The Federal Reserve launches the FedNow instant payment service (CNBC)

• Presidential candidate RFK Jr. pledges to exempt bitcoin from capital gains tax (TB)

• Presidential candidate RFK Jr. wants to back the U.S. dollar with Bitcoin (WGURU)

• SEC puts 8 applicants of Spot Bitcoin ETF on Federal Register (WGURU)

• Nasdaq halts crypto custody service rollout during regulatory discovery period (CD)

• New POL token to replace MATIC for Polygon blockchain (DFNT)

• FTX plans to recover $71M in philanthropic funds (CD)

• Polychain Capital raises $200M for Fund 4(CD)

• Blockchain Capital leads $40M round for RISC Zero (CD)

• Solana Foundation and Polygon lead Cosmic Wire’s $30M round (CD)

• Superblock closes $8M round from VCs in South Korea for new layer-1 (BTC)

• Ethena raises $6M from Dragonfly, OKX, Gemini & others for Ethereum stablecoin (FSME)

• Shardeum closes $5.4M funding from Amber Group, J17 Capital, Blockchain Ventures Hub, and more for EVM-based layer1 (FSME)

• AwesomeQA raises $2.8M round from North Island Ventures, Collab+Currency and others for community management web3 solutions (@awesomeqa_xyz)

• A16Z announces Cohort 3 of Token Delegation Program (@a16zcrypto)

• Financial Stability Board, an international standard-setter, calls for consistent and comprehensive crypto regulation (CD)

• SEC accepts Valkyrie Bitcoin ETF proposal (D)

• Brian Armstrong talks to congress about crypto regulation (B)

• UK government rejects crypto as gambling (D)

• U.S. House of Representatives push bill for crypto oversight (WGURU)

• U.S. Congressman writes letter to ask Gary Gensler to stop his “assault on crypto”

• Chinese Police 21 in $54M money laundering probe (D)

• Conic Finance, liquidity pooling platform for Curve, hacked for $3.2M in ETH (CT)

• CZ makes public warning statement about phishing hacks following Uniswap founder hack (CT)

• North Korean hackers breach U.S. based JumpCloud for crypto (REUT)

• Poly Network urges customer withdraw after 57 assets exploited (CT)

• Ethena raised $6M for dollar-pegged stablecoin on Ethereum (DT)

• $116M premined ETH awake after 8 years (CT)

• Ethereum is fighting cancer (MR)

• ‘Human Readble’ Ethereum blockchain explorer launched (DT)

• Russia could begin testing digital Ruble in August (P)

• Trump’s potential Ethereum wallet (@ProfKeeting)

• SBF accused of leaking Caroline Ellison’s private diary (CD)

• FedNow denies ties to any U.S. digital dollar initiative (CD)

• Tesla holds Bitcoin stance in Q2, value remaining at $184M (CD)

• Celsius begins dumping crypto, $63M withdrawn (BTCIST)

• StoryCo’s creator on web3 during Hollywood strikes (CD)

• Tesla’s potential plans for accepting Bitcoin payments via website

• Can crypto can become as easy as email (D)

• Mining Bitcoin as a source of heat (MR)

• Hard fork vs soft fork in crypto (CT)

• OpenSea’s new feature - Deals (@rainyreece_)

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