Ripple Keeps Things Stable

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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.

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gm Scrollers,

Welcome to your last scroll for the week!!! If you’re reading this: WAGMI!

VCs are making a comeback to crypto with 9-figure funds and a spike in investments. March sets record crypto trading in a wild month. Ripple is launching a stablecoin. A crypto executive was sentenced to only 4 years for a $4B fraud scheme. These are some juicy headlines, but there are so many more so Keep on Scrolling 👀 🖤

• Crypto monthly trading volume doubled in March (TB)

• Wormhole opened up airdrop claims (TB)

• Ripple to launch US dollar stablecoin (CNBC)

• FTX’s bankrupt estate sells off $1.6B of locked SOL (@tryPluid)

• $1T asset manager DWS launches physical Bitcoin ETC in Germany (@BitcoinMagazine)

• Binance is no longer supporting Bitcoin NFTs (BIN)

• Goldman Sachs, UBS, Citigroup, and Citadel added as authorized participants for BlackRock’s Spot Bitcoin ETF (WG)

Crypto was sold off heavily this week, with the market down about 8% across the board

• Paradigm seeks to raise $850M for new fund (M)

• Bitkraft Ventures is launching a $275M blockchain gaming fund (CT)

• Galaxy Digital recruiting investors for $100M crypto fund

• a16z plans to invest $30M in web3 startups (TB)

• Xion secures $25M in funding (TB)

• Paradigm backs DEX developer Ellipsis Labs with $20M Series A (BLOCK)

• Elixir Games raises $14M from Square Enix, Solana Foundation, and Shima Capital (YF)

• Zeus Network to utilize $8M investment for Solana cross-chain capabilities (CDLY)

• Jump Capital and Cypher Capital co-lead Raiinmaker’s $7.5M round (BLOCK)

• BitLayer, a Bitcoin L2, scores $5M from Framework, ABCDE, and many other top VCs (CGLB)

• Moongate raises $2.7M seed round for web3 engagement layer (TD)

• Ai-powered Firewall raises $2.5M round (M)

• NLVC leads $1.25M seed round for web3 data layer startup, RootData (BLOCK)

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• Government moves $2B of silk road BTC (CD)

• Coinbase clears Canada’s crypto compliance for Centralized Exchange registration (DT)

• Market Maker GSR receives Singapore crypto license (CD)

• Chile takes proactive stance for crypto regulation in South America (CTXO)

• Crypto has caused a ‘global regulatory Olympics’ (CD)

• Crypto hack roundup: First week of April (BiS)

• March saw a 48% decrease in hacks (TB)

• OneCoin’s compliance officer sentenced to 4 years for $4B Ponzi scheme (CD)

• Tornado Cash founder, Roman Storm, seeks dismissal in money laundering case (BN)

• Munchables refunds 100% of $62.5M exploit (@tryPluid)

• Prisma Finance is restarting the protocol following major hack (CTI)

• Lockchain.ai debuts blockchain risk management solution (P)

• Google takes two applications to court for fraud with cryptocurrency (SCL)

• Liquid staking platforms have jumped to $8B TVL (TB)

• SEC calls for comments on spot ETH ETF (CD)

• Picasso Network, part of the Cosmos blockchain, has connected to Ethereum for interoperability (BW)

• VanEck predicts Ethereum L2 market will reach $1T by 2030 (CPED)

• Ethereum can still avoid being labeled as a security, JPMogran reports (DT)

• Telegram released a new feature that allows in app advertisement using Toncoin (TB)

• Goldman Sachs clients not interested in crypto (CD)

• Morgan Stanley and UBS racing to be the first BTC ETF bank (CT)

• SushiSwap governance proposal wants to transfer assets from DAO to vault (BLOCK)

• Ethena Labs is backing its USDe synthetic dollar with Bitcoin (BLOCK)

• SAGA mainnet nears arrival as Binance Launchpool is set to reward users staking a total of $3.9B (DT)

• Surviving crypto boom and bust cycles (Y)

• AI will forever change crypto and web3 development (KRKN)

• Securing your funds with 2FA, even for hardware (CT)

• Why Ethereum is unlikely to be labeled a security in case vs SEC (CPED)

• What to know about Apple chip that allows for crypto hacks (DT)

• Final day of NFT NYC! (CTKR)

NGMI

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