More Layoffs And Regulatory Uncertainties

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Thanks for getting your Monday morning started with us as we are bringing the most relevant and Important headlines across crypto, blockchain, web3, and defi news! Starting off the week with some hot topics following last week’s positive news for the industry !!!

• Binance officially integrates the Bitcoin Lightning Network (WGURU)

• Binance has laid off 1k+ employees in recent weeks (BLOCK)

• Dapper Labs adds to the round of layoffs, letting go of 50+ after removing 20% of workforce in February (CN)

• Rumor spreads that Bank of America closed accounts tied to Coinbase

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• Sound raises $20M from a16zcrypto, Collab+Currency, and others for NFT music platform (@oracle_xyz)

• Opolis raised a $6M bridge round from NEAR Foundation, Draper Associates, and Polygon Ventures for blockchain employment platform (BW)

• Sora Ventures backs Silent Protocol with $5M fundraise for DeFi privacy (CS)

• NFT ticketing firm GET Protocol bags €4M (SILC)

• Giza raises $3M led by CoinFund to bring AI to smart contracts (CFI)

• Shima Capital did not slow or change its outlook on web3 + crypto investing during the Crypto Winter (CD)

• Coinbase pauses staking in 4 states (California, New Jersey, Wisconsin, South Carolina) to make rule changes (CD)

• Digitex founder ordered to pay CFTC $16M for illegal operations and gets banned from trading (CD)

• Anonymous whale bags $125M in ETH (F)

• The cost of lost keys (CT)

• MultiversX launches on-chain 2FA authentication (CT)

• AAVE stablecoin (GHO) mints $2M on Ethereum mainnet (CT)

• Ethereum welcomes another zk-rollup to the mainnet, Linea, announced by Consensys (BW)

• Coinbase restricts ETH and SOL staking in 4 states (D)

• CrowdPoint Technologies announces Vogon technology, a decentralized cloud technology that supports artificial intelligence capabilities (PRN)

• Indonesia to launch crypto exchange (CT)

• GHO $2.5M market cap in 2 days (D)

• Check out our partner newsletter The Drop’s educational piece on why CrowdPoint Technology’s Vogon tech is a bigger deal than most realize (DROP)

• Do we have enough Regulatory clarity for crypto? (F)

• Kathryn Haun’s ‘non-legal advice’ take on the Ripple ruling (@katie_haun)

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