Fortune 500s Adopting Crypto

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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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Lil Pump? No - Big Pump. You’ll understand if you read to the bottom 👀

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• Fortune 500 companies are moving onchain according to Coinbase (CB)

• Terraform Labs settles with SEC for $4.4B (TD)

• Metaplanet became a top 30 BTC holder after acquiring 23.25 BTC for $1.6M (CS)

• Trump wants all remaining BTC to be mined in America (TD)

• Biden is considering crypto donations via Coinbase Commerce for his campaign (BLOCK)

• Crypto The Game founder announces it was acquired by Uniswap Labs (@DylanAbruscato)

• ZkSync is set to airdrop $3.6B in zkTokens (MR)

• Microstrategy proposes $500M convertible notes to boost BTC stash (CD)

• Trezor launches a new crypto wallet ‘Safe 5’, including a Bitcoin-only version (BLOCK)

• Crypto is down in the dumps in June 📉 BTC hovers $66.5k and ETH still sitting below $3.5k

• Paradigm announces new $850M Fund for crypto projects at the earliest stage (@matthuang)

• Manta Network launches $50M ecosystem fund with up to $50k in grants (CT)

• Moonbeam Network announces $13M Fund, split into a $10M innovation fund, $1.5M ecosystem grants, and $1.5M Moonriver grants (CS)

• Nuffle Labs spun out from NEAR Foundation with $13M investment from Electric Labs (CN)

• Electric Capital and Shima Capital participate in Ava Protocol (f.k.a. OAK Network) $10M seed+ round (BR)

• Infrastructure-as-a-Service startup Radian Arc raises $9M, including the backing of Bitkraft Ventures for gaming opportunities (ITW)

• Symbiotic raises $5.8M seed round from Paradigm and cyber*Fund (FSME)

• Pixelverse reels in $5.5M for Telegram-focused web3 gaming with Delphi Ventures and Mechanism Capital as investors (YF)

• Avail closes undisclosed funding round led by HTX Ventures for remote modular blockchain solutions (FSME)k

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• Australia bans crypto and credit card use for online gambling (CT)

• The Stablecoin Act is an alternative to Biden’s veto (M)

• Zimbabwe launched plan to map and regulate crypto industry (CS)

• Taiwan is establishing a system for crypto firms to self-regulate (CT)

• SEC seeks federal judge approval of Terraform Labs settlement (P)

• Congressman Massie inspired by Bitcoin to create bill to end the Federal Reserve (WG)

• Crypto hacks net $19B since 2011 and activity is still growing (CD)

• OKX is investigating multi-million account SIM Swap thefts (M)

• $11M account on OKX drained by Deepfake AI ‘gang’ (CTM)

• A well-executed scam taking $245k with random malware (@zachxbt)

• Linea halts network after Velocore exploit (TD)

• How 2 hackers cracked the code to a 11 year old wallet with $3M BTC (@PastryEth)

• UwU lend drained for $3.7M in second exploit this week (M)

• UwU Lend puts out $5M bounty on recent exploiter (BLOCK)

• Metamask launches pooled staking for ETH (M)

• Blockchain is powering McLaren’s high-speed race data (M)

• Ethereum funds draw highest inflows since March (TD)

• Spot Ethereum ETFs could be fully approved and operational by September according to Gary Gensler (CD)

• What could have been for Trump’s Ethereum (FY)

• Daily ETH NFT traders falls below 4000 for the first time since June 2021 (TB)

• Fortune 100 companies have increased web3 initiatives by 39% YoY (BLOCK)

• SPAC blockchain co-investors look to take unicorn investing platform Linqto public (AX)

• Crypto airdrops have distributed around $4B so far this year (TB)

• Circle expands web3 services to Solana (BC)

• Paxos lays off 20% of staff while having $500M on balance sheet (BLOCK)

• Rapper Lil Pump gets crypto tattoos, including ‘Solana’ on his face (@lilpump)

• Coinbase: The state of crypto and Fortune 500 companies (COIN)

• Top 3 price predictions for the market (FSX)

• How web3 gaming plans to bring real value to users (CT)

• How many Bitcoin Billionaires have been created? (DT)

• The current split & distribution of Bitcoin ownership (@MMCrypto)

• Understanding Blockchain security (EC)

Lil Pump —> Crypto Pump

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