The Web3 Studios Newsletter

News and Trends - 6/13/24

Author

Web3 Studios, LLC
June 13, 2024

The Web3 Studios Newsletter

Welcome, Thank you for reading and subscribing! This Newsletter and its contents should never be taken as financial advice. Have a great day!

MicroStrategy proposes $500 million convertible note offering to acquire more bitcoin

The firm, which already holds 214,400 BTC, also announced the redemption of $650 million of its 2025 convertible senior notes.

www.theblock.co/post/299943/microstrategy-proposes-500-million-convertible-note-offering-to-acquire-more-bitcoin

Analysts claim institutional interest in spot ether ETFs is diminished without staking

Gordon Grant noted that, until staking for spot ether ETFs is enabled, institutional traders will use on-chain solutions instead.

www.theblock.co/post/299681/spot-ethereum-etf-institutional-interest

Stop burning investors: Crypto needs proof-of-reserves

Opinion: Proof-of-reserves could have potentially prevented such catastrophic failures like the 2022 crypto market collapse.

blockworks.co/news/crypto-needs-proof-of-reserves

Helio upgrades its Solana Pay plugin for Shopify

The plugin allows businesses on the e-commerce platform to accept payments via the Solana network.

blockworks.co/news/helio-upgrades-solana-pay-plugin-for-shopify

Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says

Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.

www.coindesk.com/business/2024/06/13/crypto-markets-have-seen-12b-of-net-inflows-this-year-jpmorgan-says

Ethereum ETFs will win SEC nod this summer, says Chair Gary Gensler

SEC chair Gary Gensler said that spot Ethereum ETFs were likely to launch before the end of the summer.

www.dlnews.com/articles/markets/gensler-says-ethereum-etfs-will-launch-this-summer

Terraform Labs to Dissolve After $4.5 Billion SEC Settlement Over LUNA, UST - Decrypt

Terraform Labs' CEO said that the company will be winding down operations following a $4.5 billion settlement agreement with the SEC.

decrypt.co/235183/terraform-labs-dissolve-4-5-billion-sec-settlement

Crypto’s favourite regulator doesn’t have enough teeth, US senator says

Lawmakers tell hearing they fear the CFTC doesn't have the resources to police crypto.

www.dlnews.com/articles/regulation/senator-durbin-says-cftc-is-too-weak-to-regulate-crypto

Franklin Templeton points to these two Solana projects as early ‘DePIN’ winners

Franklin Templeton published a report identifying two Solana-based DePIN projects showing early signs of product market fit.

www.dlnews.com/articles/defi/franklin-templeton-tips-solana-depin-projects-for-success

Trump or Biden? Why Crypto Could Decide the Next US President - Decrypt

Polling data shows that crypto support could tip the balance in a close race for the White House. Here's how it could impact Biden and Trump.

decrypt.co/235047/trump-biden-why-crypto-decide-next-us-president

Bill to Kill US Federal Reserve Was Inspired by Bitcoin Book - Decrypt

“The Bitcoin Standard” inspired Rep. Thomas Massie to bring back legislation to end the Fed for the first time in a decade.

decrypt.co/235249/congressman-proposed-bill-to-end-the-fed-bitcoin-standard-book

Paradigm Raises $850 Million to Invest in Early-Stage Crypto Projects - Decrypt

Paradigm, the prominent crypto VC firm, has raised $850 million for its latest fund focused on nascent projects in various categories.

decrypt.co/235323/paradigm-raises-850-million-invest-early-stage-crypto

Ripple argues for lower fines than SEC's proposed $2 billion, cites Terraform settlement to make its case

Ripple Labs is looking to leverage fines recently lodged against Terraform in an effort to pay a lower penalty in its case with the SEC.

www.theblock.co/post/300093/ripple-argues-for-lower-fines-than-secs-proposed-2-billion-cites-terraform-settlement-to-make-its-case

The Graph removes 'training wheels,' completing transition to a decentralized data layer

The transition sees subgraphs upgraded from centralized hosting providers to a distributed network of token-incentivized data indexers.

www.theblock.co/post/299954/the-graph-completes-transition-to-fully-decentralized-data-layer

Lightspeed Newsletter: Solana begins creating blocks with new ‘scheduler’

The creation of Solana's central scheduler meant to make the block creation process more efficient.

blockworks.co/news/lightspeed-newsletter-solana-block-scheduler

a16z-backed gaming studio's 'Pirate Nation' token nabs Coinbase listing shortly after launch

FarmVille co-creator's gaming studio Proof of Play launched a token for its free-to-play "Pirate Nation" game.

www.theblock.co/post/300071/a16z-backed-gaming-studios-pirate-nation-token-nabs-coinbase-listing-shortly-after-launch

Bitcoin and Ethereum Are Cooling Off—But Gaming Token Prices Are Down Bad - Decrypt

Think Bitcoin and Ethereum losses this week are rough? Many major gaming tokens are plunging, down as much as 40% over the past seven days.

decrypt.co/235224/bitcoin-ethereum-cooling-gaming-token-prices-down-bad

Wu-Tang Clan's Secret 'Shaolin' Album Will Be Sold via $1 NFTs on Base - Decrypt

Acquired for $4 million in 2021, the Wu-Tang Clan's exclusive album will be released via encrypted NFTs that unlock more tracks over time.

decrypt.co/235081/wu-tang-clan-once-upon-time-shaolin-sold-nft-base

Weekly Astrology

OKC by Young Barid

Stream and Save OKC - Distributed by DistroKid

distrokid.com/hyperfollow/youngbarid/okc

Okay, See! by little vibe

Stream and Save Okay, See! - Distributed by DistroKid

distrokid.com/hyperfollow/littlevibeandaxel/okay-see

web3studios | Instagram | Linktree

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

linktr.ee/web3studios