Gary Gensler Gets Put On The Chopping Block

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Halfway through the week! The midweek update is a fun one as a ton of rumors, conspiracies, and important news has popped up in the last few days. Each week we will continue delivering this 3x per week to give you the best and most important news to keep up on about crypto, blockchain, defi, and web3! ⛓💰

• Legislation has been filed to remove Gary Gensler from his position of U.S. SEC Chairman (WGURU)

• Coinbase commerce partners with Chainalysis for crypto payments (PYMNTS)

• Coinbase looks to setup shop in Hong Kong (BW)

• Chinese bank issues tokenized security on Ethereum in Hong Kong (TB)

• UK Prime Minister Sunak wants to position the country to become global web3 hub after A16Z office addition (@Bitcoinlfgo)

• 450,000 ETH (~ $750M) sent to Coinbase in three transactions (@WhaleCharts)

• Dispersion Capital’s $40M web3 infrastructure fund (P2)

• Lens raises $15M seed round (@LensProtocol)

• Collectibles.com raises $5M seed round led by Blockchange Ventures for web3 collectibles community & marketplace (PRN)

• Dapper Labs and Lightning Capital make $1.7M investment into web3 gaming comapny, GameOn (BK)

• Crypto investment funds see 8th week of consecutive outflow (CD)

• Startup Wise Guys web3 accelerator (OD)

• Binance avoids U.S. asset freeze thanks to one judge (WP)

• FTX ruling can redact customer names in bankruptcy case (PYMNTS)

• SOL, ADA, MATIC push back against SEC security label (DECRYPT)

• US Senators are revamping crypto regulation efforts (CT)

• Regulators state Binance’s Nigeria operations are illegal (PYMNTS)

• Hackers steal $3M impersonating crypto journalists (BC)

• Estonian police start investigation on Atomic Wallet hack (REUT)

• North Korean hackers linked to Atomic wallet hack, estimated to have profited $100M (TC)

• New “Double Finger” Malware begins striking crypto wallets (HR)

• 1 Million $USDT was minted this week via Tether Treasury (WA)

• Ethereum continued operations during AWS U.S. outages (CT)

• The importance of Distributed Validator Technology for Ethereum’s roadmap (CD)

• SEC released documents showing 2018 conversations over Ether’s non-security status (BW)

• Canada’s largest university starts XRP validator (CD)

• a16z opens office in UK (a16z)

• Uniswap Labs releases plans for Uniswap v4 (CD)

• Jim Cramer advises to “get out of crypto” (@WhaleCharts)

• Token2049 Singapore set to be world’s largest web3 event with 10k+ attendees (CT)

• What are Vitalik’s three transitions? (V)

• What is the immutable product road map? (@Immutable)

• Ethereum’s take on Distributed Validator Technology (ETH)

• U.K.’s newest “crypto hub” mission (MB)

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