Pump Fake

All the defi, crypto, web3 news you need in one scroll

October 16, 2023

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

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gm Scrollers,

What a morning it has been!!! Some BTC hodlers thought it was a great morning for a few minutes… No, the BlackRock Spot Bitcoin ETF was not approved. CoinTelegraph released a report that this happened, causing serious market commotion and volatility. That’s not the only wild information though. More top-tier headlines from this weekend below👇🏼 See you Wednesday 🖤

  • Bitcoin spikes 10% following false reports of Spot Bitcoin ETF approval by SEC (FL)

  • Binance introduces web3 social platform (P)

  • Whale wallet moves over $749M (DH)

  • Binance burns $450M BNB (CD)

  • Court orders Genesis to pay FTX $175M amid lawsuit, forcing a pause on withdrawals (BiC)

  • Nearly $100M liquidated from BTC market due to fake reports of BlackRock ETF approval (@WatcherGuru)

Been a strong 24 hours with the BTC spike

  • Account Labs launches new Google log-in wallet with $7.7M in fresh funding from Amber Group, MixMarvel DAO Ventures and other participants (CFI)

  • Game of Silks, fantasy horse-raising startup powered by crypto, raises $5M (BZ)

  • Neutral Exchange raises $3.2M Seed round from North Island VC, DCG and other investors (@NeutralExchange)

  • Crypto startup funding drops to levels not seen since Q4 2020 (CPDA)

  • Blockchain gaming is accountable for $600M raised in Q3 ‘23, 50% less than 2022 (CN)

  • Coinbase tax head calls on IRS to reverse crypto tax rules (M)

  • Texas settles lawsuit over wrongful $15K from BTC ATM (M)

  • SEC won’t appeal loss in GBTC case (B)

  • Gov. Newsom green-lights 2025 crypto regulation bill (CT)

  • Uranium Finance hacker moves $3.1M from BNB to ETH (CN)

  • Hackers are taking nearly $300k in crypto assets every hour in 2023 (FM)

  • CFTC sues former Voyager CEO (D)

  • Coin Telegraph is launching an internal investigation for BTC ETF slip up (@WatcherGuru)

  • Tether freezes 32 ETH linked to Israel & Ukraine warfare (CD)

  • Mastercard CBDC ventures into ETH and NFTs (M)

  • ETH inflation vs BTC (I)

  • Dormant ETH Whale sells millions on Binance exchange, with $15.5M in potential profit (UT)

  • Arbitrum begins deploying $40M worth of grants to projects, with GMX securing the biggest (CD)

  • Tether promotes Paulo Adroino to CEO (M)

  • Caroline Ellison wanted to step down from Alameda Research role (CT)

  • The lightning network has grown by 1200% in 2 years (R)

  • Ferrari to accept crypto as payment (R)

  • Bitcoin exchanges are relaunching & retesting new lending products (BBG)

  • Moscow Stock Exchange to issue tokenized real estate and part-take in offering digital financial assets (DFA) (CS)

  • How Financial Blockchain Technology is gaining ground (P)

  • Mixing Bitcoin & Ethereum ecosystems and solutions (ARXIV)

  • Why BlockFi cannot reopen withdrawals to customers just yet (AX)

  • Tools to build a DApp on Ethereum (CT)

  • What is the future of web3? (Y)

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