Gensler Goes In: Lawsuits & Trouble For All

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Here’s a wrap to your week with the most important news and biggest headlines in crypto and web3. Soon, you’ll be able to read this in a $3500 VR/AR headset 😅 Keep BUIDLing and keep on scrolling 📜🖤

• Binance debacle is heavily affecting the crypto markets (PYMNTS)

• ARK Invest bought the Coinbase dip (I)

• Coinbase is not delisting crypto’s following SEC lawsuit (AX)

• FTX plans to relaunch by EoY ‘23 (@WhaleChart)

• Gary Gensler previously applied to serve as an advisor for Binance in 2019 (@MarioNawfal)

• Binance.US suspends USD deposits (WGURU)

• Taiko raises $22M for type 1 zkEVM (TB)

• Aave Lens Protocol raises $15M from Ideo CoLab Ventures (TC)

• HyperPlay raises $12M for cross-chain game store led by Griffin Gaming Partners (VB)

• Haun Ventures leads $10M seed round for web3 gaming (CD)

• Informal Systems gets $5.3M in first round funding (TB)

• Bitcoin Startup Lab, a pre-accelerator firm, raises $1.5M from Sora Ventures (CS)

• How recent crypto crackdowns have and could continue to impact the venture landscape (CB)

• SEC is officially suing Coinbase (YAHOO)

• Russia’s largest bank to begin offering crypto services (@WhaleChart)

• CTC sees significant risk in digital assets (TD)

• UK lawmakers are struggling on how to regulate crypto (CD)

• Case against DeFi savings app, PoolTogether, has been dismissed (AX)

• Gary Gensler calls all things crypto “scams and hustlers” (WGURU)

• Former Co Owner of Minnesota Vikings sentenced to 6 years for crypto scam (JUSTICE)

• North Korea linked to Atomic Wallet $35M+ hack (YF)

• Pink Drainer is found to be behind recent million dollar hacks & scams in Discord and Twitter accounts (CG)

• p(x)Card hires SECORA Blockchain Solutions for enhanced web3 security (CTRST)

• Crypto Hack Roundup: June Week 1 (BiS)

• Curve to support Lido’s stETH (TD)

• Ethereum All Core Developer Wrap Up (GALAXY)

• Ethereum developers finalize ‘Dencun’ Upgrade (CD)

• SquidGrow’s revolutionary BSC to Ethereum bridge (YF)

• ETH investors brace after SEC bomb that could ruin prices (F)

• Robert Kiyosaki warns of “massive crash”, urging people to buy $BTC & $ETH (@WhaleChart)

• Bitcoin Magazine CEO warns of large crypto exchange bankruptcy (@WhaleChart)

• Apple releases its own AR headset (CD)

• Louis Vutton is selling $41K NFTs that cannot be resold (BW)

• El Salvador receives $1B in commitments for new BTC mining site (CD)

• Binance saw $778M in withdrawals after SEC crackdown (PYMNTS)

• Web3 layoffs are skyrocketing (CD)

• Crypto x AI from Multicoin GP’s perspective (MC)

• How will apples headset affect the metaverse (CD)

• Who is Brian Armstrong (WSJ)

• 7 security practices to mitigate web3 risks (TPED)

• How AI is affecting music creation in web3 (CD)

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