The Drake Curse

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Thanks for Scrolling this Friday 🫶🏽 For those sports fans out there, you might be familiar with the Drake curse. Well, Drake recently shared a video from Michael Saylor mentioning Bitcoin to his Instagram story for his nearly 150M followers to see. Since then, Bitcoin’s price retracted 10% to $66k 😬 Is the curse real???

In other headlines: El Salvador holds more Bitcoin than previously known. MicroStrategy is on a fundraising spree to buy more Bitcoin, nearing 1% of circulating supply. And Solana memecoins are still dominating the market. Keep on Scrolling for the most relevant headlines in crypto, web3, and blockchain ⛓🫡

• BTC market cap passes Silver at $1.4T (M)

• BTC tumbles from recent record high $72k —> $66k, increasing ‘crypto bubble’ narrative (BBG)

• MicroStrategy bought 12K BTC worth $820M (BW)

• VanEck sees $200M inflow after waiving Spot Bitcoin ETF ($HODL) fees until March 2025 (CG)

• $475B Cetera Financial Group to offer Spot Bitcoin ETF to clients (@BitcoinMagazine)

• Coinbase announces $1B private offering plan of 5 year senior convertible notes (BW)

• Drake shares Michael Saylor discussing Bitcoin to Instagram

• Berachain becomes DeFi unicorn in latest $69M funding led by BHD and Framework Ventures (BBG)

• Polyhedra completes 5th fundraise in two years, securing $20M fundraise valued at $1B for web3 infrastructure (CD)

• Live4Well wellness venture announces $20M investment (PRN)

• Tel-Aviv based Utila raises $11.5M seed from NFX, Shima Capital, Framework Ventures and other major crypto VCs (FSME)

• Carbonated, the studio behind new NFT game ‘MadWorld’, raised $11M from A16Z and Com2uS (DT)

• OKX and KuCoin Ventures co-lead web3 social network UXLINK $9M round (CN)

• Stack receives $3M backing from Archetype, Coinbase Ventures and more for on-chain points (BLCOK)

• Spherity closes €2.5M round from Blockwall for decentralized identity management solution (EU)

• BuildBear announces $1.9M investment from Superscrypt and Tribe Capital (@oracle_xyz)

• ChainGPT launches $1M grant porgram for web3-AI startups (AI)

• Humanity Protocol receives strategic capital from Hashed, CMCC, Foresight Capital and others for ‘human layer of web3’ (HMNT)

• Venture capitalists are starting to love crypto investments - again (PB)

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• Wyoming passes law giving DAOs a nonprofit legal framework (BW)

• Biden proposes additional crypto regulations including a mining tax (YF)

• Greyscale and Coinbase meet with SEC to talk about ETH ETF (D)

• Indonesia regulators enforce new crypto regulations to strengthen industry adoption (CD)

• El Salvador drops tax rates to 0% for international investments + transfers (WG)

• El Salvador moves $406M of Bitcoin into cold storage with a physical vault (CD)

• Coinbase files legal challenge to gain clarity from SEC (NBTC)

• Infamous Lazarous hacking group steals another $13M via Tornado Cash (CPED)

• 7 packages on Python Package Index released that drain crypto wallets (THN)

• $104M has been lost in crypto phishing attacks this year (TB)

• Crypto platforms amongst the top applications for exploits in 2023 (HNDU)

• Dencun Upgrade goes live on Ethereum Mainnet to reduce gas fees (WG)

• Ethereum L2s are seeing 99% drop in fees post-Dencun (CT)

• A hardfork could subvert a quantum attack on Ethereum (CT)

• Ether.Fi nears $3B in Total Value Locked (CD)

• Odds of ETH ETF lowered to 35% (CS)

• Render is switching to Solana after 10X-ing this year (TD)

• El Salvador could pay off the IMF if Bitcoin reaches $100k (@BitcoinNewsCom)

• Trump is on board with Bitcoin (CD)

• Solana market capitalization reaches all-time high ($81B) with memecoin frenzy (BLOCK)

• Solana memcoin $WIF becomes 4th largest memecoin community ahead of Vegas Sphere ad showing (CD)

• NBA star Darius Garland seen rocking a Satoshi shirt pre-game (@BitcoinMagazine)

• How Google Trends can be indicators for crypto (SC)

• Starknet has a new gaming committee (TD)

• Can we solve the blockchain trilemma (M)

• Understanding how crypto hacks and exploits occur (DLN)

• Memecoin trader misses out on $1M+ gain from selling too early (CT)

• One of the biggest heists in history is coming soon on blockchain (CD)

• ChatGPT actions with Web3 technology (BER)

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