The Web3 Studios Newsletter

News and Trends - 11/28/23

Web3 Studios, LLC
November 28, 2023

Welcome to the Web3 Studios Newsletter, thank you for reading and subscribing!

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

Have a great day and Happy Holidays!

Crypto firms could lose more than the $1.3bn stolen in hacks in 2023 unless they fix one big problem

Crypto hackers have stolen twice as much money since July than in the first six months of 2023.

www.dlnews.com/articles/defi/crypto-hackers-steal-private-keys-to-plunder-millions-of-usd

Pro traders ‘paying handsomely’ for Bitcoin bets send volume to two-year high

Traders anticipate spot Bitcoin ETF approval, sending Bitcoin bets on the CME higher.

www.dlnews.com/articles/snapshot/cme-bitcoin-futures-volume-hits-2-year-high-on-etf-optimism

Richard Teng was ‘pre-positioned’ to succeed CZ at Binance but now comes a battery of tests

In contrast to CZ, Binance's new CEO is steeped in the intricacies of markets regulation.

www.dlnews.com/articles/people-culture/richard-teng-was-pre-positioned-to-succeed-cz-at-binance

Hong Kong lawmakers call for swifter action as another crypto fraud scandal rocks investors

A suspected crypto scam has left Hong Kong residents with substantial financial losses.

www.dlnews.com/articles/people-culture/hong-kong-officials-want-more-crypto-rules-amid-new-scandal

XRP threatens to flip Binance's cryptocurrency once and for all

BNB has been valued higher than XRP for most of the last two years, but the gap is narrowing fast

blockworks.co/news/xrp-flipping-distance-bnb

Ethereum 'smart account' adoption is low — the first rollup proposal wants to change that

Smart accounts have so far seen lacklustre adoption from Ethereum users, but removing the need for private keys might be an answer.

blockworks.co/news/ethereum-smart-account-adoption-proposal

Circle moves native USDC offering to Cosmos mainnet

Circle has moved its cross-chain transfer protocol to mainnet on Noble, allowing USDC to be natively minted within Cosmos’ IBC.

blockworks.co/news/circle-moves-usdc-to-cosmos

Bitcoin miner repurposes former sustainability-focused EU data center prototype

Hive is repurposing a Sweden data center formerly used by the EU as a prototype to test energy efficiency and sustainability.

blockworks.co/news/eu-sustainability-focused-crypto-mining

I attended Trump's NFT gala. Here's why it matters

Opinion: I’m no fan of Donald Trump, but I spent almost $20,000 purchasing NFTs that directly supported him.

blockworks.co/news/donald-trumps-nft-gala

SEC’s shock absence from Binance settlement means Gary Gensler can dominate crypto

SEC Chair Gary Gensler was notably missing during the settlement with Binance. The regulator now has an advantage.

www.dlnews.com/articles/regulation/sec-absence-from-binance-settlement-a-strategic-win

SEC asks public for feedback on proposed spot bitcoin ETFs from Franklin Templeton, Hashdex

The SEC said it wants written comments from the public on whether it should approve or disapprove Franklin Templeton's spot bitcoin ETF.

www.theblock.co/post/265047/sec-asks-public-for-feedback-on-franklin-templetons-proposed-spot-bitcoin-etf

EU lawmakers want metaverse strategy that supports the bloc's businesses

European Union lawmakers want the bloc to take a leading role in developing virtual worlds that are in line with core EU values.

www.theblock.co/post/264926/eu-lawmakers-metaverse-strategy-business

Coinbase tells some customers it received subpoena related to Bybit

Coinbase has been served a subpoena by a U.S. regulator in connection with ByBit, according to emails sent out by the exchange.

www.theblock.co/post/265009/coinbase-tells-some-customers-it-received-subpoena-related-to-bybit

Chainlink upgrades staking mechanism with 45 million LINK pool

A nine-day “priority migration” period begins today for existing stakers, with early access and general access stages to follow.

www.theblock.co/post/264976/chainlink-upgrades-staking-mechanism-45-million-link-pool

Animoca to become TON blockchain’s largest validator

Animoca Brands partners with TON, becoming the largest network validator on its blockchain as it looks to develop and distribute Web3 games across the TON ecosystem.

cointelegraph.com/news/animoca-becomes-validator-telegram-ton-blockchain

11th anniversary of Bitcoin’s first halving: From $12 to $37,000

The cryptocurrency community is celebrating the anniversary of the first Bitcoin halving, which occurred on Nov. 28, 2012.

cointelegraph.com/news/bitcoin-first-halving-11th-anniversary

web3studios | Instagram | Linktree

View web3studios’s Linktree. Listen to their music on YouTube, Spotify here.

linktr.ee/web3studios