Mind The Block | July Week 2

Mind The Block: Your Weekly Dose of Web3 News and Insights

Mind The Block Headlines This Week

• Uniswap to integrate ERC-7683
• Wirex and Visa to launch Wirex Pay
• SEC approves spot Ethereum ETFs
• Partior secures $60M Series B funding
• BlackRock CEO: Bitcoin is legitimate
• Ubisoft launches free NFT mint on Oasys
• Shiba Inu outperforms Pepe in short term
• Top Free Crypto Airdrops for July 2024

News

• Uniswap plans to integrate ERC-7683 to solve chain fragmentation.
• Crypto exchanges and blockchain firms, including Kraken and Coinbase, have formed the Blockchain Security Standards Council.
• Grass, an AI-based web crawling project using Solana network, has announced its final closed beta phase.
• Bybit Web3 is launching the Ultimate Memecoin Arena (UMA), a blockchain clash competition.
• Binance has announced adjustments to tick size for several key spot trading pairs, including Immutable, Polygon, and LayerZero.
• Fileverse has unveiled ddocs, a blockchain-based collaborative document-sharing program that offers higher user privacy and multiple Web3 features.
• Flare has chosen to deploy its advanced decentralized finance hub on the network, featuring an AMM and perps protocol.
• BitMEX has admitted to violating the Bank Secrecy Act (BSA) by failing to establish an adequate anti-money laundering (AML) program.
• Fimath AI has launched its advanced AI-driven crypto trading platform, offering advanced algorithms and real-time strategy adjustments.
• Brinc and XDC Network have announced the Launch Program, a new Web3 accelerator program offering up to $100,000.
• Telegram’s mini-apps (TMAs) are a potential Web3 adoption Trojan Horse, offering lightweight services within TelegramGETTY.
• YieldNest has merged with PrimeStaked to offer exceptional restaking services in the DeFi sector.
• The Palo Alto AI x Web3 Summit, organized by CTH Group, Axlflops, and MetaEra, will occur at Stanford University from October 30 to 31, 2024.
• Ibanera is leading the charge in reimagining finance by bridging the web2 and web3 worlds.
• Japanese fintech developer Soramitsu plans to build a blockchain-based bond market gateway for Palau, aiming to launch a trial in 2024.

Extras By Mind The Block

• WadzPay (WTK) teases holders with crypto exchange-related posts, indicating a potential tier-1 listing launch this week.
• Matcha has launched a new price engine called Argon for whale traders.
• Argentina leads the Western Hemisphere in crypto adoption, with 2.5 million of the top 130 million users on top crypto exchanges being Argentinians.
• Agoric has launched its Orchestration API, allowing developers to create next-gen Web3 applications.
• Zeebu is set to launch its third quarterly token burn event on August 2, 2024, governed by the ZBU Phoenix Protocol.
• Plume, the first modular EVM Layer-2 designed to bring any real-world asset (RWA) onchain, has launched its testnet campaign.
• ChromaWay is partnering with the EU to develop sustainable blockchain solutions, including Chromia blockchain technology.

Major Companies Making Moves

• Panasonic, IBM, and Constellation Network have partnered to launch a “Blockchain of Blockchains” called Hypergraph distributed ledger technology.
• Pantera Capital has resumed active participation in on-chain governance, starting with Arbitrum DAO.
• Wirex and Visa have partnered to launch Wirex Pay, a modular Zero Knowledge payment chain.
• Bybit Web3 and Ignition have partnered to bridge the gap between Bitcoin and Ethereum Virtual Machine (EVM) ecosystems.
• Solana Superteam and DroppGroup have announced a strategic partnership to deliver innovative Web3 solutions and educational initiatives in Saudi Arabia.
• D3 Labs and Tether are partnering to develop a blockchain-based asset management platform and Web3 ecosystem.

Government, SEC & Regulation

• The SEC has approved the launch of spot Ethereum ETFs, allowing multiple issuers like Grayscale and BlackRock to launch their ETFs.
• Crypto backers have contributed millions to the America PAC, a pro-Trump super political-action committee.
• Hong Kong’s Financial Services and the Treasury Bureau plans to release the results of a stablecoin consultation report.
• Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle crypto trading for select investors.
• Rising crypto crimes in Australia prompt call for tougher regulations.
• South Korean lawmakers are reportedly proposing a bill to partially amend existing tax laws, aiming to delay the launch of the crypto taxfor anotherthree years.
• Nigeria is considering a new indigenous blockchain network, Nigerium, to protect its data sovereignty.
• Argentina’s new crypto law requires holders to declare their assets or face penalties for tax evasion.
• Hong Kong has added seven unauthorized cryptocurrency exchanges to its Alert list.
• Russia’s State Duma committee has approved a bill to legalize Bitcoin and altcoin mining.
• Thailand is set to launch a $12.4 billion digital cash scheme, the “Digital Wallet,” to boost the local economy.
• Santa Monica City Council has approved the creation of a Bitcoin Office, a national first for digital currency initiatives.
• The Commodity Futures Trading Commission (CFTC) has ordered Sam Ikkurty and his companies to pay $83 million in restitution.

Raises & Major Investments rounds

• Partior, a Singapore-based blockchain platform, secured $60 million in Series B funding to expand its global blockchain network.
• RAK DAO has partnered with Phoenix Group and Internet of People (IOPn) to invest $100 million in Ras al Khaimah by 2030.
• Token launch protocol on Blast ZAP raised $15M in a funding round led by Rarestone Capital, Cypher Capital, and Sharding Capital.
• Haruko, a digital asset management platform, has raised £4.6m in a Series A round to fund its expansion into Asia.
• Bima Labs raised $2.25 million in a seed round led by Portal Ventures, securing the development of Bitcoin-backed stablecoin USBD.

Trends& Narrative

• BlackRock CEO Larry Fink now sees Bitcoin as a legitimate financial instrument.
• ZayaAI, an AI-focused technology company, has partnered with Enjinstarter to revolutionize healthcare diagnostics and outcomes.
• Robinhood CEO Vlad Tenev believes crypto and tokenization are the natural transition for financial services, offering an obvious technology advantage.

• Blockchain technology has the potential to revolutionize global water access and management.

NFTs, Gaming, Metaverse

• Jump.trade is launching SoccerSage, a decentralized platform focused on soccer, on the Oasys Protocol.
• CIZ VERSE, an open metaverse platform, has announced the launch of its Bitcoin-powered platform.
• Eden Games has launched its debut web3 kart racer, Cosmic Royale, as part of Animoca Brands’ Motorverse ecosystem.
• Ubisoft is launching a free NFT mint for its first blockchain-based game, Champions Tactics: Grimoria Chronicles, on Oasys.
• ERAGON, the leading platform for Web3 Mobile Games, has unveiled its V1 platform.
• SunContract, a blockchain-based energy trading platform, is pioneering the world’s first NFT marketplace for real-world solar panels.
• Dotcoin.bot, a free-to-play game on Telegram Mini-Apps Ecosystem, has 18 million active users and 3.5 million daily users.
• Tribesters is set to launch the Wildlings NFT sale on Ronin on July 15.

Onchain Data

• JasmyCoin price charts reveal a hidden bullish divergence pattern, signaling a major bull pattern that could propel its price to new ATHs.
• Injective (INJ) price is expected to consolidate within the $21.36 and $28.05 range.
• Shiba Inu’s on-chain metrics and technical indicators have outperformed Pepe’s in the short term, indicating potential for further gains.
• Pendle price prediction suggests a Bitcoin-led market recovery with a potential 70% rally.
• Cardano’s 34.48% surge in price has set the stage for a potential push toward the $0.4671 resistance.

Educational Guides and Tips from Mind the Block

• What are prediction markets? What is Polymarket? How does Polymarket work?
• What Is Axelar (AXL) Cryptocurrency? What’s the Value of AXL Coin?
• Top Free Crypto Airdrops for July 2024. Step-by-Step Guide.
• What is MetaMask? Features and Functions of MetaMask.
• How to Protect Yourself from Cryptocurrency Scams.

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