The Web3 Studios Newsletter

News and Trends - 11/27/23

Author

Web3 Studios, LLC
November 27, 2023

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This Newsletter and its contents should never be taken as financial advice.

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It’s not just the crypto world – why we all fall for disinformation and hopium

The underlying principle of Bitcoin and most of crypto is 'Don’t Trust, Verify.' Why, then, are some people willing to believe false information?

www.dlnews.com/articles/people-culture/why-crypto-and-the-wider-world-fall-for-disinformation

Cathie Wood’s ARK cuts holdings of Grayscale Bitcoin Trust

Bitcoin backer Cathie Wood’s ARK reduces holdings of Grayscale Bitcoin Trust and 'Axie Infinity' grants NFT owners commercial rights.

www.dlnews.com/articles/snapshot/ark-investment-reduces-shares-of-grayscale-bitcoin-trust

How to explore blockchains with DefiLlama

With so many different blockchains out there, knowing how to compare them is essential for investors and users alike.

www.dlnews.com/articles/llama-u/exploring-blockchains-with-defillama

Illuvium Preview: Everything You Need to Know About the NFT Games - Decrypt

Illuvium is an NFT-powered sci-fi fantasy world with cards, creatures, and worlds to explore. Here's an introduction to its games.

decrypt.co/207455/illuvium-preview-everything-need-know-about-nft-games

Paradigm Says Ethereum Layer-2 Blast Launch 'Crossed Lines' as Users Lock Up $535 Million - Decrypt

Blast’s launch has been both controversial and highly popular, but investor Paradigm now says it doesn’t “endorse these kinds of tactics.”

decrypt.co/207548/paradigm-says-ethereum-layer-2-blast-launch-crossed-lines-users-lock-up-535-million

Biggest Video Games Releasing in December 2023 - Decrypt

Take flight in Ubisoft’s new open-world Avatar game, or dig into the hotly anticipated NFT games Symbiogenesis and Shrapnel.

decrypt.co/207495/biggest-video-games-releasing-december-2023

Inverse Cramer? Bitcoin Doomer Turns Bullish as Crypto Hits $38,000 - Decrypt

As Bitcoin continues to pump, CNBC host Jim Cramer has changed his tune about crypto once again. Some Bitcoiners joke that BTC is now doomed.

decrypt.co/207391/inverse-cramer-bitcoin-doomer-turns-bullish-crypto-hits-38000

Rollups saved Ethereum users a boatload of gas fees: Report

Ethereum users have layer-2 rollups to thank for saving them from high fees and long wait times.

blockworks.co/news/ethereum-rollups-save-gas-fees

Blockchain needs standards

Opinion: Without security audit standards, apps built on blockchain will continue to fall prey to hacks and exploits.

blockworks.co/news/blockchain-audit-security-standards

Resuscitate your Spotify Wrapped with these 5 podcast episodes

We can’t all have impeccable taste in music. Some of us need to spend the next 2 weeks diversifying our listening experience.

blockworks.co/news/spotify-wrapped-2023-podcast-roundup

From SBF to Binance: Biggest court cases of 2023

2023 has been a year with a lot of legal action, from bankruptcies to regulatory lawsuits to class action suits.

blockworks.co/news/biggest-court-cases-2023

CEO Teng outlines 'responsible growth' vision amid Binance’s compliance overhaul

Binance's new CEO Richard Teng said the exchange will focus on a commitment to users and regulatory collaboration.

www.theblock.co/post/264776/richard-teng-outlines-binance-vision-after-taking-over-from-ceo-cz

KyberSwap recovers $4.7 million after exploit

Decentralized exchange protocol KyberSwap has recovered approximately $4.67 million in funds following a recent security attack. 

www.theblock.co/post/264756/kyberswap-recovers-4-7-million-after-exploit

Bitcoin user claims to be victim of hack which led to record $3 million fee

A Bitcoin user claims a hacker stole 139 BTC from them, connected to the record-breaking $3 million transaction fee paid last week.

www.theblock.co/post/264744/bitcoin-hack-victim-record-3-million-transaction-fee

Hong Kong launches probes into alleged $15.4 million crypto scam by Hounax: reports

Hong Kong’s SFC listed Hounax as a suspicious virtual asset trading platform earlier this month.

www.theblock.co/post/264724/hong-kong-crypto-probe-hounax

Cosmos founder to airdrop forked ATOM1 tokens to voters against reducing Hub inflation

Jae Kwon, co-founder of Cosmos, is initiating a fork of the Cosmos Hub after a proposal was passed to place a 10% cap on Atom’s inflation.

www.theblock.co/post/264717/cosmos-founder-to-airdrop-forked-atom1-tokens-to-voters-against-reducing-hub-inflation

The SEC is having trouble serving Hex founder Richard Heart with its lawsuit

A teleconference initially scheduled for this week has been pushed to January 30 in the government's case against Richard Heart.

www.theblock.co/post/264702/the-sec-is-having-trouble-serving-hex-founder-richard-heart-with-its-lawsuit

Circle seeks to expand USDC presence in Japan with SBI Holdings

SBI is seeking to register in Japan to help circulate USDC stablecoins with SBI Shinsei Bank set to offer banking services for Circle.

www.theblock.co/post/264708/circle-seeks-to-expand-usdc-presence-in-japan-with-sbi-holdings

DYdX to unlock $500 million of tokens, 30% of supply

Plus, a breakdown of every other token unlock and airdrop you need to know about for the month of December.

www.theblock.co/post/264697/dydx-to-unlock-500-million-of-tokens-30-of-supply

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