Mind The Block: Your Weekly Dose of Web3 News and Insights
Mind The Block Headlines This Week
Table of Contents
- HashKey Group, Kaia partner to accelerate Web3 in Asia
- Ripple will add smart contracts to the XRP Ledger
- UK digital asset registration drops 78% amid compliance
- Crypto VC funding hits $634M in August, up 15%
- SafeDAO considers swap fees for revenue stream
- Shiba Inu launches Agent Shiboshi on iOS
- Ethereum nears $2,000 amid 2024’s death cross
- The Advantages of Cloud Mining with MasHash
News
- HashKey Group and Kaia have partnered to accelerate Web3 adoption in Asia, coinciding with the Kaia-Finschia merger and new mainnet launch.
- UBD Network has launched DeTrust Wallet, a multisignature crypto wallet that enables decentralized cryptocurrency inheritance.
- Aave Labs has launched Sky Aave Force in partnership with MakerDAO.
- The GPT Protocol Mainnet is set to revolutionize AI in Web3 and beyond by introducing decentralized AI instruments for entities and individuals.
- OKX Explorer has added support for Bitlayer, the first Bitcoin Layer 2 Based on Bitcoin Finality.
- LetKnow Pay plans to relaunch the Bulgarian Blockchain Association to support the development of the Bulgarian blockchain industry.
- BitGo has added SK Telecom and Hana Financial as major shareholders in its South Korean arm.
- Petoshi and EMC Protocol Forge have announced a strategic partnership to advance AI-Web3 integration.
- Luxspin Global Holding has launched its Global Technology Innovator Empowerment Program.
- Safe Haven has launched Inheriti® 2.0, a multi-patented, multi-sig, multi-chain backup and digital inheritance solution.
- Polkadot partners with Inter Miami, while Cardano upgrades and Qubetics Whitelist gains fame.
- CryptoHeap introduces new staking plans with enhanced returns, offering investors a reliable passive income method on blockchain networks.
- BitcoinCitadel.Club has launched a Web3 platform for Bitcoin enthusiasts.
- NTT Digital and South Korea’s Xangle have partnered strategically to advance Web3 technologies.
- WOO Innovation Hub has announced a strategic partnership with Cocos Studio.
- Steve Bailey is working to make RockWallet the go-to app for digital asset enthusiasts by making the app easy and intuitive to use.
- NULS has released Mainnet v2.20.0, enhancing its functionality and efficiency in transaction processing and on-chain capabilities.
- The Universal Digital Payments Network (UDPN) has integrated the Australian Digital Dollar into its platform.
Extras By Mind The Block
- TuumIO has launched to drive the Web2 to Web3 transition.
- ABD Systems launches ABDS Token to simplify crypto adoption by combining top-tier security with real-world support.
- Orbler1 and CyberCharge have strategically partnered to transform Web3 marketing and user engagement.
- Avalon Labs and Babylon Labs have announced a partnership to enhance DeFi and Bitcoin integration.
- Chainlink and Suho.io have partnered to develop tokenized assets and CBDC use cases in Asian markets like Korea, Japan, and Thailand.
Major Companies Making Moves
- Oasys has partnered with Japan’s SBI Holdings to accelerate its ecosystem growth and liquidity.
- Ripple is set to introduce smart contracts to the XRP Ledger Mainnet, enhancing Layer-1 features for NFTs, AMMs, and DEXs.
- Polkadot is expanding its prestigious Polkadot Blockchain Academy to the digital domain.
- OKX Wallet has integrated with Tomo, a Web3 social platform, for enhanced web3 social interactions.
- Binance is transferring its South African derivatives operations to its Bahrain subsidiary, Binance Bahrain.
- US Web3 infrastructure platform Alchemy has acquired Romanian startup Bware.
Government, SEC & Regulation
- UK digital asset registration has dropped by 78% in the past year, indicating increased compliance with rules.
- The SEC is pursuing legal action against OpenSea, a non-fungible token marketplace, for allegedly selling unregistered securities.
- Okx has secured a Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore.
- The South Korean Financial Supervisory Service (FSS) is set to inspect crypto exchanges for illegal transactions.
- Venezuelan President Nicolas Maduro suggests retaking the ‘Crypto Path‘ following the PDVSA-Crypto scheme.
- Hong Kong Digital Asset Xchange has applied for a digital asset exchange license despite the May 31 deadline.
- Scottish prosecutors have made legal history by seizing £109,601 from John Ross Rennie, who converted stolen crypto into physical cash.
- New Zealand plans to implement the OECD’s digital asset reporting framework by April 2026 to prevent tax evasion.
- Qatar’s special economic zone, the Qatar Financial Centre, has released a regulatory framework for digital assets.
- Nigeria has granted its first digital exchange license, signaling a shift in its approach to digital currencies.
Raises & Major Investments rounds
- VC funding for crypto startups reached $634 million in August, up 15% from July.
- Gameplay Galaxy has secured $24 million in funding to expand its Web3 gaming ecosystem, including Trial Xtreme Freedom.
- Web3 security and risk management firm Hypernative raised $16M in a Series A funding round led by Quantstamp.

- Bridge, a Web3 payment platform, raised $58 million to transform global payments with stablecoins.
- Trial Xtreme has secured $11 million in seed funding from Blockchain Capital and Merit Circle.
- Digital asset technology company IDA (HKDA) raised $6M in a Seed funding round led by CMCC Global.
Trends & Narrative
- SafeDAO is considering collecting swap fees as revenue to establish its first independent revenue stream.
- Alessio Pagani believes that the decentralized and intelligent Web3 Internet can only be achieved through the fusion of blockchain and AI.
- Ethereum co-founder Vitalik Buterin proposes a “glue and coprocessor” model to optimize computing by separating general-purpose and specialized tasks.
- IIM Lucknow has established a Centre of Excellence in Blockchain Technology.
- Web3 technology offers creators new ways to connect with audiences, but the path to success remains complex.
- Blockchain technology allows couples to immortalize their love and make their wedding day unforgettable.
NFTs, Gaming, Metaverse
- Nyan Heroes Season 3 playtest launches on September 4th, 2024.
- D20 Labs has acquired all products and assets under Sugartown from Zynga, with Matt Wolf as CEO.
- Cherry introduces an NFT Buy Bot and Token Scanner to enhance crypto community engagement.
- Ringtail Interactive has announced the launch of Scape, a blockchain-enabled MMO and online game creation platform for PC and mobile.
- Shiba Inu (SHIB) has launched a new game, Agent Shiboshi, on the App Store for iOS users.
- Roam has announced a $20 million $ROAM token airdrop for users who own miners and NFTs before the Token Generation Event.
- India has become Metaverse platform The Sandbox’s largest supplier of content creators, with over 66,000 creators.
- Fomo Frog has launched its Web3 project, integrating meme tokens, NFTs, and gaming.
Onchain Data
- Ethereum’s price faces a 22% downside risk due to a bearish crossover between the 100- and 200-day EMA and rising exchange supply.
- PEPE faces bearish winds, with a wave of selling towards the end of August.
- Dogecoin price is poised to double in the coming weeks, potentially triggering a 100% rally if it breaks a key resistance level above $0.12.
- Luna Classic is expected to reach $1 in 2024 or the future.
- Whales and retailers are selling their AVAX holdings, indicating a withdrawal rather than increased buying interest.

Educational Guides and Tips from Mind the Block
- The Advantages of Cloud Mining with MasHash: A Sustainable Path to Cryptocurrency Wealth.
- Staking or Yield Farming: Which Is More Rewarding?
- How You Can Qualify and Claim the MetaMask Airdrops and NFTs.
- Staking is a Security: What You Need to Know.
- How to Buy Kaspa (KAS): Easiest Ways for 2024 and Beyond.
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