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The Bitcoin Limbo: How Low Can It Go?

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gm Scrollers,

Happy Friday and Happy Scrolling ⛓🖤

See you Monday with more headlines and industry news 🔜

  • Mastercard crypto debit card to launch with European customers (WG)

  • Ripple co-founder Chris Larsen may have endorsed Kamala Harris (CP)

  • Coinbase CFO confirms Kamala Harris campaign is accepting crypto donations via the platform (BM)

    • Kamala Harris is now reportedly not directly accepting crypto donations (CD)

  • Siemens issues $330M digital bond on private blockchain (CD)

  • BTC ETFs bleed $287M in daily outflow (CD)

  • Arthur Hayes announces quick short for Bitcoin to dip below $50k this weekend 😅

Image provided by CMC

  • Hedgefund billionaire Alan Howard’s son starts a $25M venture fund, Halo Capital, with a colleague, focused on digital assets (NG)

  • Edge Matrix Chain picks up $20M in round co-led by Polygon Ventures and Amber Group (NG)

  • Space and Time, a web3 x AI startup, closes $20M Series A from Framework, Lightspeed Faction, Arrington, and others (NG)

  • Solana restaking protocol Solayer brings in $12M with investment from Polychain Capital, BBH, Hack VC and others (NG)

  • Puffpaw, a new ‘vape-to-quit-to-earn’ raises $6M seed led by Lemniscap (PP)

  • Taisu Ventures makes recent strategic investment into Klink Finance for global expansion (MI)

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  • Uniswap Labs considered to trade ‘illegal digital assets derivatives’ by recent order from CFTC (CFTC)

  • Russia pivots towards crypto with recent regulatory changes legalizing crypto mining (CHS)

  • Robinhood’s ban on crypto withdrawals draws $3.9M settlement in California (CD)

  • OKX receives major payment license in Singapore (CD)

  • Japan’s 3 major banks plan to trial a stablecoin platform for cross-border transactions (TB)

  • UK Regulator says 87% of crypto registration applications failed to meet approval standards (CD)

  • Angel Drainer is back, labeled as AngelX, deploying 300+ malicious DApps in 4 days (CT)

  • Input Output and Hedera join Cardano, Algo Foundation, Hashgraph and others for the Decentralized Recovery Alliance (X)

  • California woman describes kidnapped experience and forced to work as crypto scammer (ABC)

  • Ethereum Foundation to release financial documents following community scrutiny (TB)

  • CryptoPunk Ape sells for 620 ETH ($1.5M) (X)

  • Top buyers of Bored Apes are hurting, with value down 93% from peak prices (DT)

  • Justin Drake says ETH foundation offloading ETH improves decentralization (TD)

  • ETH has been a worse investment than Gold and Silver so far this year (UC)

  • Bitcoin held on company balance sheets’ has risen by nearly 600% in 4 years (BM)

  • SkyScanner and Travala partner for crypto payments with travel accommodations (X)

  • DWF Labs announces design of new synthetic collateralized stablecoin (TB)

  • Crypto markets drop on US labor market concerns (TD)

  • BAYC offers $1M in prizes for new mini-game (TD)

  • Founder of elite private equity firm Thoma Bravo vows to stay away from crypto (CNBC)

  • Tron DAO is hiring a crypto investment analyst đŸ‘€ (we know some of our scrollers would be great hires) (LI)

  • South Korea’s web3 landscape - a comprehensive report from Tiger Research (TZ)

  • A woman hit the streets to ask strangers the price of bitcoin - and the answers are hilarious (X)

  • Trump’s crypto allies think his sons’ crypto company is complete trash (PC)

  • A technology experiment has led to decentralized learning robots (CT)

  • Solana announces conference agenda for Breakpoint (X)

  • What is the value of a token (BTB)

  • Why ETH is underperforming the market (CT)

GM!
Take that Gary!

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