Things Are Heating Up: Fahrenheit Becomes Top Bidder In Celsius' Bankruptcy Auction

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Is there ever a week in the web3 & crypto space where zero bat-shit events happen? We don’t think so. Here’s what we got for you today to finish off the week: SBF was just handed a lawsuit for $220M by his own company he founded, FTX. The USA can prove their metric standard dominance if Fahrenheit ends up purchasing Celsius’ assets 🌡 Wormhole protocol gets a $50M ecosystem fund, while 20+ web3 startups received VC funding this week 💰 Oh yeah, and Filecoin is believed to be a security according to the SEC.

Thanks for supporting us as we strive to provide the best weekly web3, blockchain, and crypto news weekly. Keep #BUIDLing and keep on scrolling! 🖤⛓

• Fahrenheit takes top spot to buy out bankrupt lender Celsius… ironic (CS)

• Sam Bankman-Fried hit with $220M lawsuit from FTX executives (CT)

• Samsung and Bank of Korea collaborate on offline CBDC (PYMNTS)

• Ripple accquires Metaco for $250M (LI)

• ~26% of family offices are invested in crypto (DH)

• Binance Australia halts Australian dollar bank transfers (CD)

• Bankrupt exchange Voyager is predicting a 35% payout to customers (REUT)

• Singapore’s Whampoa Group to create a Digital Bank with crypto offerings due to U.S. turmoil (BBG)

• Wormhole protocol developers create $50M cross-chain ecosystem fund to drive adoption, backed by Borderless Capital (CT)

• Airstack raises $7M for AI backed web3 developer platfrom (CD)

• Blockchain based lender Jia raises $4.3M (TC)

• World Play Gaming raises pre-seed round led by Genesis Vault Capital to “revolutionize web3 gaming” (EIN)

• 8 early stage web3 projects that raised major funding in May 2023 (ACB)

• Greyscale warns investors as the SEC takes stance that Filecoin is a security (DT)

• DeFi project Bancor hit with lawsuit over impermanent loss protection promises (DECRYPT)

• French regulator welcomes crypto firms (CD)

• Pakistan to ban crypto and never legalize it (WGURU)

• Texas’ proof-of-reserve bill passes the senate (CT)

• BlockFi creditors used customer funds to buy $30M insurance (AMBCRYPTO)

• Osmosis, Axelar and Akash fund mesh security model for Cosmos (TB)

• Ledger defends new crypto wallet recovery tool (BLOCK)

• CoinBase pauses ETH staking withdrawals for 3 days (DECRYPT)

• Axie Infinity is now available in the Apple App Store (BLOCK)

• The total value locked (TVL) on smart-contracts via StarkNet hit $10M (DT)

• Tether backs USDT with $222M in BTC (CNBC)

• Axie Infinity rolls out lite version of game on apple app store (DECRYPT)

• US BTC Corp to host 150K mining rigs (CD)

• Coinbase cloud joins chainlink as node operator (CD)

• Citadel Securities sues crypto firm for allegedly stealing trade secrets (BLOCK)

• COFRA Holdings joins Hedera’s governing council for distributed ledger technology (DLT) acceleration and sustainability projects (PRN)

• Where does the money go when BTC Whales move $627M? (DH)

• India’s chance to be a leader in web3 and blockchain (FI)

• U.S. debt crisis may have ties to Bitcoin liquidity events (CT)

• Benjamin Cowen, a “crypto expert” believes $BTC could drop 50% in the year (@WhaleChart)

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