Ruggled McDonald 🤡

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Ronald McDonald? 🤡 No, RUGgled McDonald. McDonald’s Instagram hacked by crypto scammer, who ended up profiting nearly $700k. Plus:

VC activity is picking up steam for web3 & blockchain startups. Trump announces his new DeFi platform. Rumors about CZ are denied. Crypto firms are leading the path for election campaign donations.

KEEP ON SCROLLING into the weekend 🫶🏼⛓

Position: Social Media Coordinator 🤓

• Donald Trump’s formal announcement for his DeFi project, The Defiant Ones, to fight against ‘elite financial institutions’ (NB)

• Donald Trump teases new DeFi project via post on his social media, Truth Social (WG)

• Binance founder CZ remains in custody despite Twitter rumors, however he has been moved to a halfway-house in Los Angeles (DT)

• Binance will be hiring over 1,000 employees in the next year with many focused on compliance (BB)

• Mt. Gox moves $700M in BTC (CD)

• Binance CEO has 100-year strategy for crypto exchange (CD)

• Singapore DBS Bank to pilot tokenized government grants (CT)

• DEXScreener is earning over $1M in weekly fees (TD)

• Crypto prices look strong heading into the weekend after a previous red week

• IP startup PIP Labs raises $80M led by A16Z Crypto at a $2.2B valuation (DL)

• Arch, a crypto-backed lending provider, raises $75M round co-led by Morgan Creek Digital Assets and Castle Island Ventures (X)

• SatLayer, a bitcoin restaking platform, raises $8M pre-seed round co-led by Hack VC and Castle Island Ventures (TB)

• Sorella Labs picks up $7.5M seed investment led by Paradigm for Ethereum’s MEV problem (TB)

• GenLayer brings in $7.5M investment led by North Island Ventures for AI-driven blockchain (CCX)

• BSX closes $6.2M in 2 rounds led by Blockchain Capital (NG)

• Credbull announces $5.2M investment led by Gnosis VC (ADV)

• Identity startup zkMe raises $4M from Multicoin Capital, OKX Ventures, and Robot Ventures (CN)

• LightSpeed Faction leads $4M seed round for Stork Network (TB)

• Billionaire Tim Draper leads pre-seed round of $2.5M for Ark Labs to ‘speed up bitcoin transactions’ (RT)

• Bitcoin social payments application TMRW raises $1.3M seed round led by Maple VC (FS)

• Fanton Fantasy Football, a blockchain-based fantasy football application on Telegram, secures $1M in seed funding (CT)

• Adaverse invests $500k into loyalty program aggregator Mithu (E)

• WatBird game developer bags investment from Pantera for TON expansion (e27)

• Romanian startup Humans.ai acquires Starfish Studios, a blockchain engineering firm (RI)

• VCs come together at Wyoming Blockchain Symposium to discuss picking winners in next bull run (CT)

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• Crypto companies donated over $100M in political contributions to U.S. campaigns to influence crypto regulations (DT)

• Crypto firms contributed 48% of all corporate donations for U.S. Presidential campaigns (CT)

• U.S. Vice President Kamala Harris says she supports policies to improve crypto growth (BB)

• Kraken blames judgement rule in Australia as prime example why there is unclear crypto regulation (TB)

• $4B crypto scammer caught in Istanbul (TT)

• DAI crypto whale loses $55M from phishing attack (CT)

• WazirX halts once again following 9-figure hack, pausing open orders (DT)

• Germany seizes $1M in cash in crypto ATM sting (R)

• Nearly 80% of cryptocurrencies hacked sustain negative price action over 50%, even months after an attack (CT)

• McDonald’s Instagram hacked, linked to a crypto rug pull with the creator profiting $700k (PM)

• Spot Ethereum ETFs record 5 continuous days of net outflows (CT)

• Blackrock ETH ETF surpasses $1B in net inflows (UC)

• ETH whale transfers $10M to exchanges (UT)

• Protmethem treating Uniswap and Arbitrum tokens as securities (CD)

• Sony is launching an Ethereum L2, Soneium (CBF)

• BRICS new payment system set for 159 countries to adopt Ripple (TT)

• Grayscale is launching a new investment fund for Avalanche native token, AVAX (CT)

• Franklin Templeton is exploring blockchain expansion with Avalanche money-market fund (CT)

• Miami Heat player Jimmy Butler and crypto influencer Ben Armstrong to pay $340k in settlement for Binance lawsuit (MH)

• Justin Sun’s $USDD stablecoin is no longer backed by bitcoin (DT)

• Brazil approves second spot Solana ETF (TD)

• El Salvador is providing a Bitcoin certification program in hope to up-skill 80,000 employees (CT)

• Crypto FUDers are posting about no use cases after years - but ‘good things take time’ (GG)

• Apple’s NFC chip will jumpstart web3 payments according to crypto supporters (PM)

• What exactly are crypto rug pulls and how do you avoid them (CD)

🤠 Woody = Old Enterprises

🧑‍🚀 Buzz = Crypto Degens

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