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October 09, 2023

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

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gm Scrollers,

We are back with another edition of the Scroll ⛓ Although it may seem the media isn’t talking about crypto & blockchain the way they used to, there are still plenty of stories that fly under the radar. Below is your first delivery of top headlines for this week. See you Wednesday 🖤

  • The FTX trial will be a public beatdown for crypto (MSNBC)

  • Former FTX auditor sued by SEC (CD)

  • Jack Dorsey’s Block unveils Bitcoin wallet (F)

  • Yuga Labs announces company restructuring following recent layoffs (DT)

  • PayPal files patent for NFT Marketplace (CT)

  • Crypto funds see largest inflow since July (CD)

  • Crypto market starts off in the red this week with 3% drop this morning (Coin360)

  • Titan Fund - well known for FTX investment - secures $100M fund for Asian blockchain investments (BN)

  • Crypto restaurant rewards application Blackbird raises $24M in a16z led fund (M)

  • Phaver raises $7M to make onboarding web3 socials easier (Y)

  • Fairblock raises $2.5M for private blockchain transactions (M)

  • Circle Ventures announces 7-figure investment in Burnt, a foundry ready to release a layer-1 consumer solution (CFI)

  • Yuga Labs invests in spatial computing startup Hadean (D)

  • Taiwan plans for crypto law in November (M)

  • Canada cuts back on strictness of stablecoin rules (M)

  • Over 140 crypto exchanges including Huobi and KuCoin on U.K.’s list of unauthorized firms people “should avoid” (CT)

  • $332M stolen in Septmeber, and over $1.3B in 2023 so far according to Certik (N.BTC)

  • HTX exhange recovers $8M from recent hack with 250 ETH bounty (CN)

  • $3M AVAX stolen in Avalanche social app security breach (CD)

  • Hackers targeted crypto exchange Upbit 159 times in H1 2023 (CT)

  • Ethereum is more centralized since the Shanghai upgrade (CD)

  • Mythical Games launches drag racing game with NFTs as cars (D)

  • Ethereum transaction fees drop dramatically (AMBC)

  • Justin Sun unstakes 20K ETH (NBTC)

  • Former BlackRock manager predicts $17.7T influx when Spot Bitcoin ETFs approved (BTCIST)

  • SBF told investors they “didn’t have much to add” (PB)

  • Short term Treasury ETF coming to Base (M)

  • Gitcoin DAo gaffee sees $500K in GTC tokens lost (M)

  • Ledger lays off 12% of staff (M)

  • What’s next for Web3? (Noah Williams)

  • Apps x Infrastructure: Crypto edition (Gaby Goldberg)

  • What happens if developers leave crypto (D)

  • How a U.S. Dollar collapse will impact crypto (F)

  • Your cold wallet will not save your crypto (ALXB)

  • 10 Web3 business ideas (ANIN)

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