Q3 Crypto Crisis

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,

Hope you all had a safe & fun 4th of July for those that celebrate 🇺🇸🎆

The crypto markets absolutely did not have a great weekend 😅 Bitcoin is dominating the market sentiment, as the German government continues to move thousands of BTC around to exchanges causing some concern. Crypto markets have fallen nearly 15% in the last week🔻 Plus: Ethereum Foundation looks for open event to audit the network; Q2 crypto VC activity sees slight spike in deal count and funding; VanEck files amended S-1 for ETH ETF!

KEEP ON SCROLLING ⛓

• Bitcoin drops below $54,000 for first time since February, pre-spot ETFs (CMC)

• $110M liquidated from crypto markets in 1 hour on July 4th (@WatcherGuru)

• German government continues to transfer thousands of Bitcoin to exchanges (BLOCK)

• BTC slumps after Mt Gox move (MR)

• Tron founder Justin Sun offers to buy the rest of German government’s $2.3B Bitcoin holding to steady markets (YF)

• Dormant BTC address with $7M BTC wakes up after 12 years (TB)

• Web3 users surge by 40% and hit historic high (CP)

• DWF Labs unveils $20M Cloudbreak Fund for Chinese web3 projects (B)

• Polychain Capital funds Pi Squared alongside other venture investors in $12.5M round (NFTG)

• OpenLedger secures $8M round led by Polychain Capital and Borderless Capital for verifiable data layer for AI models (NFTG)

• Protocol Labs leads $3M pre-seed round for Compute Labs at a $30M token valuation (BLOCK)

• Lithuania based FreeBnk raises $3M for fintech crypto offering (CFI)

• Altcoinist raises $1.5M led by EnigmaFund for on-chain creator solutions (MS)

• Coinbase Ventures announces $1M strategic investment in SPOT by Ampleforth Foundation (BLOCK)

• Q2 sees modest bounce back in crypto VC funding: 377 deals tracked with nearly $3.1B raised (BN)

• Private Equity Giants are circling BTC miners (CD) 

• Coinbase demands Gensler private emails in SEC battle on crypto rules (CS)

• Singapore bank DBS forges stablecoin pact with Paxos (P)

• FSC approves Taiwan Mobile for crypto license (DC)

• Implications of crypto regulation in France following recent elections (99B)

• Arkham reports $17.8B of Bitcoin still held by governments including Germany, US, and UK (DT)

• Crypto’s 2024 priorities should be acceptance, interoperability, and regulation (PYMT)

• TRM reports $1.4B of crypto assets stolen in 2024 so far (DT)

• PancakeBunny exploiter moves $2.9M of hacked funds through Tornado Cash years later (CPED)

• Notorious hacking group Pink Drainer loses $30k from crypto hack 😂 (DC)

• $1M bug bounty program will start this week for Solana-based Firedancer (BLOCK)

• How web3 and community engagement is enhancing cybersecurity (F)

• VanEck resubmits amended S-1 for Spot ETH ETF (BIN)

• ImmuneFi and Ethereum Foundation partner up for ‘Attackathon’ to host a collaborative network audit (BLOCK)

• Ethereum NFT activity is slowest since BoY 2021 (NFTG)

• Symbiotic hits $1B in deposits in under a month (TB)

• ETH rolls out eIP-7732 shifting block validation processes (CG)

• Tron poised to threaten ETH dominance (TD)

• Vitalik wants faster transaction confirmation times (VE)

• Vitalik donates 100 ETH to 2077 collective (TCT)

• Justin Sun reports his team is working on a ‘gasless stablecoin’ (@justinsuntron)

• Robert Kiyosaki predicts $10M BTC (MR)

• German Government is moving even more BTC to exchanges (D)

• Multicoin pledges up to $1M for pro crypto candidates (CD)

• Venezuela digital asset remittances hit $460M yearly (CG)

• Riot, a bitcoin mining company, increases hashrate by 50% (WG)

• ZKM unveils Q3 launch for Bitcoin L2, GOAT Network (BLOCK)

• An Alien Bitcoin Punk sold for $112k (2 BTC) (@Bitcoin_Punks_)

• Perception of BTC core having no ‘bugs’ is dangerous says Developers (UC)

• How USD to ETH conversions affect consumer debt management (CR)

• An economic slowdown can be good for crypto? (@stevencook_)

• When do secondary token sales violate Howey? (CD)

• What impact Data ownership protocol (DOP) has on web3 privacy (BN)

• Tracking the German government BTC moves (@ArkhamIntel)

• Explaining EigenLayer to a 5 year-old (@SuhailKakar)

• Istanbul Blockchain Week is coming in August (BMN)

• CoinMarketCap ‘Fear & Greed Index’ shows worst sentiment in nearly 12 months 📉

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