Hong Kong: A New Destination for Bitcoin ETFs

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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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gm Scrollers,

We’ve come to the final scroll of the week, and SO MUCH is in store. Hong Kong is getting ready to approve Spot Bitcoin ETFs. Uniswap received a Wells Notice from the SEC. MarginFi users are liquidating following recent news of the CEO resigning. VC dollars are flowing into crypto startups like it’s 2021 ($300M+ this week). Oh - and the the Bitcoin halving is almost here, projected to occur on April 19th or 20th 🚀

KEEP ON SCROLLING FOR MORE TOP HEADLINES & STORIES ⛓👇🏼

• SEC goes after Uniswap with a Wells notice (@haydenzadams)

• Mango Markets case headed to trial for $110M market manipulation (AX)

• MarginFi CEO resigns stating ‘internal and external turmoil’ (YF)

• Sam Bankman-Fried has appealed 25-year sentence (REUT)

• BTC and ETH dip before US inflation data (M)

• Single entity controls 50% of all mined BTC (TD)

• BTC passes 65M ordinals inscriptions (M)

• Younger generations are more invested in crypto than in stocks (TB)

Steady week for crypto market as Bitcoin halving is 7-8 days away

• Monad Labs raises $225M in this years biggest funding round (TD)

• Anonymous crypto personality McKenna has announced a new $20M institutional fund, with $10M focused on VC investments (@CryptoMcKenna)

• Bitcoin mining equipment manufacturer, Auradine, raises $80M Series B ahead of Bitcoin halving (CN)

• Mezo, a Bitcoin L2, emerges from stealth with $21M backing from Pantera Capital leading the deal (CD)

• Azuro DAO completes $11M raise from SevenX Ventures, Red Beard Ventures and others for web3 prediction application (VB)

• Uplink raises $10M led by Framework Ventures (M)

• Sortium picks up $4M seed funding from ARK to improve gaming production with AI and Web3 (RFM)

• Polychain Capital leads $3.5M seed round for socialfi app, Tomo (BLOCK)

• A16Z Crypto Startup Accelerator participates in OpenTrade’s $3.2M round alongside CMCCG, Draper Dragon, Ryze Labs, and Plasa Capital (BLOCK)

• Zoth raises a $2.5M round to provide sustainable yields backed by RWAs (DFNT)

• Permissionless Capital opens invitation to startups for Permissionless Opportunities competition, targeting DeFi, web3, infrastructure, security, blockchain gaming, and RWA builders (FSME)

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• Hong Kong to approve first Spot Bitcoin ETF any day now (WG)

• Crypto.com received full operational approval from Dubai Virtual Asset Regulator (CT)

• Australian regulator gives court order to give $41M of digital assets held by blockchain mining groups (CD)

• Binance CEO weighing out multiple crypto jurisdictions before finalizing HQ location (BLOCK)

• Treasury asks congress for stronger crypto sanction (P)

• Former ETH adviser intends to sue US government for $9.6B over dropped extortion charges (CD)

• Bitcoin developer event linked to Luke Dashjr’s hack is being investigated by the FBI (CN)

• 2,000 WordPress sites now have crypto wallet draining hack links deployed by scammers (BC)

• Chainlink to improve cross-chain bridges with Transport since 50% of all assets are lost in bridge DeFi exploits (CT)

• BitMEX co-founder Ben Delo facing class-action lawsuit for price manipulation via customer information (CT)

• Ace Exchange founder indicted for $10.6M fraud (M)

• GOP says Biden administration is using crypto as a scapegoat (MW)

• How a crypto influencer faked a hack then stole SOL from his own project (@zachxbt)

• This week’s Crypto Hack Roundup (BiS)

• 2x Leverage ETH Futures application has been filed by Defiance ETFs (CN)

• EigenLayer went live on ETH mainnet with nearly 5M ETH re-staked (BW)

• How Ethereum restaking works and why it exists (UCC)

• On-chain data shows that trader 75x original $8,300 investment (now ~ $6M) in frog-themed Ethereum memcoin in 1 month (CT)

• Coinbase pushes for UK crypto adoption with Apple Pay integration (M)

• Marginfi withdrawals top $214M since CEOs resignation (D)

• Polkadot signs $2.1M sponsorship with IndyCar (D)

• Blockchain Pay announces partnership with MetaMask (CS)

• Saga token skyrockets 15,000% with Binance listing and live mainnet (BLOCK)

• Metaplanet, a public Japanese company, sees stock nearly double following $7M Bitcoin purchases (CT)

• Bitfinex Securities launching tokenized debt issuance for El Salvador International Airport (BLOCK)

• New Orleans Saints player Demario Davis speaks out about fiat vs. Bitcoin (@BitcoinMagazine)

• BlackRock is advertising its Bitcoin ETF, $IBIT, on Bloomberg (CCN)

• The reason for Degens rushing to memecoins with celebrity news, particularly deaths (DT)

• What DePIN is, great examples of current and potential use cases, and why it is the hottest new thing in blockchain (PEAQ)

• The emerging Bitcoin-Native landscape; research edition #2 by Trammell Ventures (TVP)

• The love from developers for blockchain X open-source AI (AX)

• The Bitcoin Cash history and warning ahead of halving (CD)

• TD Bank subsidiary releases informational ad for Bitcoin ETF and Halving 👀

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