Meme Stocks and Memecoins

Sponsor 🤝 Follow Us 🖤 Recent Articles 📰

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.

You can check out our previous articles and please follow us on Twitter!

gm Scrollers,

Here’s your mid-week update:

El Salvador took a risk as a country betting on Bitcoin for much of their economic infrastructure - and so far it is paying off. Plus, meme stocks are ROARING back, which many believe will pump crypto and various memecoins 🚀 Keep on Scrolling for more!

• Ripple CEO says the U.S. government is targeting stablecoin issuer Tether, which will have massive impact on crypto markets (CT)

• Tornado cash developer sentenced to 64 months in prison (M)

• Visa, Mastercard, JPMorgan, Citi to test a blockchain based system for tokenizing assets (F)

• El Salvador mined 474 Bitcoin ($29M) with volcano-plant miners in Q1 (WG)

• BTC yearly return has already been beaten by GameStop’s daily return 😅

  Roaring Kitty ——> Roaring Crypto 🌚 🔜

• Moonfire, a UK based venture fund, raises $115M Fund II with plans to include web3 investments (YF)

• Founders Fund and Vitalik Buterin back Polymarket’s latest $45M round, now totaling $70M raised (BLOCK)

• Seed Labs scored massive $12M round last week to build games on Solana (CT)

• DWF Labs, Poolz, and ViaBTC co-lead $11.4M round for NuLink (CT)

• UXUY, a startup incubated by Binance Labs, raised $7M in pre-Series A (UXUY)

• ChainML, a web3 x AI startup, raises $6.2M in a seed extension round led by Hack VC (BLOCK)

• UXLINK scores $5M in latest round from Hashkey Capital, SevenX, and INCE Capital, bringing total funding to $15M (BDT)

• Zest Protocol has $3.5M seed round led by Draper Associates for building on the Bitcoin network (NFTG)

• DwellFi closes $3M seed round for AI, blockchain, and tokenization solutions (AW)

• L1 solution Naxion Network secures investment from Scale Up Ventures (TIM)

• Top 10 web3 projects that raised less than $10M in 2024 (CDLY)

Advertise Your Brand Here!

Get your name or project across 8,000+ readers by filling out the form below:

• Biden may be looking to criminalize Bitcoin development in the U.S. (@BitcoinMagazine)

• Liminal wins approval in Abu Dhabi as it expands to Asia (CD)

• Crypto prime brokerage Flacon Labs settles with U.S. CFTC for registration violations (BLOCK)

• Tether discredits Ripple CEO comments over US scrutiny (M)

• Chinese police bust $296M illegal crypto based current operation (CD)

• Sonne Finance exploited for $20M and hacker is not negotiating (CT)

• BlockTower, investment firm with $1.7B AUM, sees some assets drained from crypto hedge fund (BBG)

• Crypto exchange Rain exploited for $14.8M (TB)

• Tether freezes $5.2M linked to phishing scams (M)

• Coinbase experienced system wide outages earlier this week, but confirmed all funds are protected (BLOCK)

• Coinbase faces system wide outage (MR)

• Cypher Protocol contributor admits to gambling away recovered funds from exploit (BLOCK)

• U.S. blocks China-tied crypto miners as national security risk (CD)

• Ark Invest and 21Shares drop staking from ETH ETF proposal (CS)

• ETH hits 1M active node validators (FXE)

• Crypto teams may leave space due to ETH security classification (NB)

• Hong Kong sees largest single day outflows for BTC and ETH ETFs (CS)

• Researchers find $2B worth of scams on ETH (CG)

• State of Wisconsin Investment Board discloses its $99M holding in BlackRock’s Spot Bitcoin ETF (WG)

• JPMorgan reports holding shares of several BTC ETFs (CT)

• Lightning Network developer is successfully testing stablecoins on Bitcoin blockchain (DT)

• Bitso launches new web3 digital wallet for LATAM users (CTXO)

• Paxos adds another board member, a former CFTC chair (BLOCK)

• GameStop’s unofficial token skyrockets following the return of Roaring Kitty from the 2021 short squeeze 🚀

• What do machine learning algorithms predict BTC to hit? (F)

• A database of politicians’ stances on crypto (SWC)

• Can AI help drive crypto adoption (CD)

• Decoding the future of stablecoins (OKX)

• Theory Ventures partner Spencer Farrar on web3 VC and strategy (CN)

Sponsored Content: There is no sponsored content in today’s newsletter