Nothing's Ever Good Enough - For The SEC

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Here is the final edition for the week! We hope you are loving The Crypto Scroll and The Drop and are sharing this with anyone and everyone. This newsletter is for collecting, gathering, and sharing the most important and relative news in the Web3, Crypto, DeFi, and Blockchain spaces 3x per week - because there is never a shortage of information. Check out this week’s wrap up news below 👇🏼🖤

• SEC says multiple spot Bitcoin ETF filings are “inadequate” (WGURU)

• Microstrategy buys 12,333 BTC (MS)

• Riot Platforms purchased 33,280 ($163MM) mining rigs (RP)

• Coinbase files motion to dismiss case against SEC (@iampaulgrewal)

• BTC miners send record $128M in revenue to exchanges (CT)

• The Blockchain Association backs Coinbase in fight against the SEC (FRKST)

• One Trading, a Bitpanda exchange separates from Bitpanda and secures $33M from Peter Thiel (TC)

• XPLA raises $5.75M from Infinity Ventures Crypto, Big Brain Holdings and others for Cosmos L1 gaming development (@oracle_xyz)

• Avalanche web3 gaming studio Pixion Games closes $5.5M round (CD)

• Sony Network Communications invests $3.5M in Singapore web3 company (CD)

• Apollo Crypto, Comma3 and UpsideDAO become backers in Portal Gate’s $1.1M funding round (@portalgateme)

• Warner Music Group partners with Polygon for a web3 music accelerator (NFTG)

• Coinbase files motion to dismiss case against SEC (@iampaulgrewal)

• US Secret Service launches NFT collection (CT)

• EU seals deal on crypto bank-capital rules (CD)

• UK passes bill to officially recognize crypto as regulated financial activity (@CryptoKingKeyur)

• Biden to make ‘tax system fair’ and remove loopholes for crypto traders (WGURU)

• North Carolina House sends bill to Senate for treasury to study purchasing and holding of Bitcoin (@BitcoinMagazine)

• South Korea passes bill to stop “unfair crypto trading” (CT)

• Crypto Iosses halved in H1 2023 to $204MM, but recouping losses becomes harder (TC)

• Backdoor malware JokerSpy deployed on MacOS and hacked Japanese crypto exchange (THN)

• Crypto security in the current climate (GT)

• KuCoin implements mandatory KYC as a security measure (CS)

• The Q2 scams, rug pulls, and hacks (TC)

• Optimism transaction volume up 67% (@nansen_ai)

• Curve adds ETH market for crvUSD (@CurveFinance)

• Cyberkong’s ERC-721x standard to provide better security for NFT owners (JUMP)

• Ethereum founder says crypto on the cusp of something big (FTN)

• Tickets & Hackathon sign up for ETH Chicago (@0xEthChicago)

• Traders short TUSD after Prime Trust halts withdrawals (TD)

• FTX has recovered $7B of liquid assets (BW)

• Apple removes Damus from the app store (TC)

• Discussions of FTX reboot sends token $FTT up 15% (DT)

• Maple Finance launches defi direct lending arm, Maple Direct (BLOCK)

• Haun Ventures, a billion dollar VC fund, hosts panel of web3, crypto, blockchain experts on recent lawsuits, including the SEC (@HaunVentures)

• Chainalysis guide to on-chain user segmentation for exchanges (C)

• Invisible Wallets (@crossmint)

• Strategies for crypto startup success in the world of digital assets (FN)

• Decentralized ride sharing with Teslas & web3 technology (CT)

• ChatGPT now has a live plug-in for the Hedera network (@BreakingWhale)

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