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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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As you noticed, we were off Monday recognizing the holiday. But we are back, better than ever, and filled with amazing headlines!

Thousands of Trump followers & family members fall victim to a crypto scam. August funding for crypto startups neared $650M. Cardano completes mainnet Chang upgrade. Qatar announces a regulatory framework for digital assets. And Brian Armstrong writes about crypto payments between AI bots. KEEP ON HODLing & KEEP ON SCROLLING 💎

• Coinbase reports first AI to AI token purchase (P)

• Cardano launches Chang upgrade to mainnet for decentralized governance (DLN)

• Telegram is holding hundreds of millions in crypto (C)

• BTC miners have worst revenue in 11 months as difficulty climbs (CT)

• Ripple is enabling Ethereum smart contracts (MR)

• Switzerland’s 4th largest bank allows bitcoin and ethereum trading services (WG)

Crypto Market Update 👇🏼

• Robot Ventures announces completion of fundraise for $75M early stage crypto venture fund (BB)

• SxT Labs closes $20M Series A round with participation from Lightspeed Faction, M12 (Microsoft), Framework Ventures and more (CT)

• Hypernative raises $16M series A funding (TB)

• Hong Kong based IDA brings in $6M from CMCCG and Hashed (PRN)

• Layer 1 crypto network provider Quai secures $5M in strategic capital (FS)

• Cyber Fund leads $4.6M seed investment into blockchain infrastructure tool, Chainbound (FS)

• Polychain Capital and Dragonfly lead $3.6M round for blockchain R&D startup Peregrine Exploration (FS)

• Echelon raises $3.5M seed round led by Amber Group for decentralized lending protocol (CT)

• Time.Fun announces $3M round led by BHDA (TF)

• Verofax, a UAE web3 services startup, raises a $3M bridge round led by Plug & Play (FS)

• CryptoHunter World raises $2.8M for web3 gaming services from top VCs (MI)

• Crypto VC roundup Aug. 24-31 (CN)

• Crypto startups bring in $640M+ in August (CS)

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• OKX receives major payment institution license in Singapore (CD)

• SEC says it could challenge FTX crypto repayment plan (CT)

• Qatar launches digital assets framework to attract global firms (CS)

• Court dismisses $258B lawsuit alleging Elon Musk and Tesla manipulated Dogecoin (TD)

• SEC charges Galios Capital for custody failures (SEC)

• Coinbase Chief Legal Officer says she has been in touch with both parties of Harris and Trump parties (X)

• PenPie protocol was recently exploited for $27M (ES)

• Thousands of Trump followers and even family members fall victim to crypto scam (YF)

• Crypto losses to hacks exceeds $313M in August (CT)

• South Korea is inspecting suspicious transactions on exchanges (CT)

• WazirX hacker starts moving stolen funds using Tornado Cash (CD)

• Crypto cybersecurity is seeing more investment money (TB)

• FBI says North Korean hackers are aggressively targeting crypto employees (TB)

• North Korean hackers are also targeting US crypto ETFs (WG)

• Ethereum clocks worst month in over 2 years (TD)

• Vitalik claims to have not sold ETH since 2018 except to support the eTH ecosystem (DH)

• Can Vitalik still help ETH rise (AMB)

• ETH reserves on exchanges are climbing (B)

• Shiba Inu community opposes proposal to allocate 37.5 ETH for burning SHIB (B)

• Metaplanet teams up with SBI for BTC strategy enhancement (MR)

• Crypto industry spends $119M to influence US elections (Y)

• SafeDAO proposes collection Swap fees as revenue (TD)

• SagaMobile DAO proposes validator in partnership with Phase Labs and Solana Foundation (AN)

• Solana transactions hit multi-month low in August (DM)

• Trump sons plan a crypto startup (NS)

• Crypto markets have worst week for the month after trading flat (TD)

• Matter Labs cut its workforce by 16% (TB)

• Coinbase founder Brian Armstrong showcases crypto payments between AI bots (X)

• Pervasive ‘Quiet Quitting’ in crypto - Ikigai Fund founder (X)

• Crypto-enabled virtual power plants for decentralized energy (X)

• New decentralized inheritance web3 wallet rolls out (CT)

• Web3 adoption partnerships are growing Asia crypto (CT)

• Web3 gaming can make moves to dominate Japanese market (BN)

• How incubators and accelerators are growing web3 (BM)

• Financial Times calls Trumps call for a BTC strategic reserve a “very bad idea” (FT)

• Do crypto voters actually have an effect on the election? (NN)

Korea Blockchain Week really knocked it out of them

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