Mind The Block | June Week 5

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

Mind The Block Headlines This Week

  • Chelsea FC partners with Bingx
  • Aptos proposes Aave V3 deployment
  • Biden finalizes crypto tax rules
  • Aptos raises $200M led by Andreessen
  • AI losing utility from censorship
  • ChainGPT simplifies NFT creation
  • Bittensor rises 7% and breaks resistance
  • What is Scalping in Crypto?

News

Extras By Mind The Block

  • Electrocoin has launched Electrocoin Trade, a new platform offering custodial services and cryptocurrency bill payments.
  • Hashnote has partnered with Anchorage Digital to offer secure crypto investment returns for institutional clients.
  • Transak has partnered with Uniswap Labs to offer fiat on-ramp services, allowing users to purchase crypto directly with fiat.
  • Interlock has launched ThreatSlayer, a Web3 security browser extension that uses blockchain and AI.
  • RAIR Technologies has partnered with HackIndia, the largest Web3 hackathon in India.
  • Cloudbet has announced support for Ethena USDe Stablecoin and ENA Token, providing users more flexibility and efficiency.
  • PayPal-backed fintech startup Mesh has partnered with Italian crypto wallet Conio to expand its reach to multiple platforms.
  • Qila plans to expand its Web3 infrastructure to the Middle East, focusing on data localization guidelines and strengthening Web3 adoption.
  • Aave Labs has been granted a $12 million grant by Aave DAO to develop Aave v4 over 12 months.
  • ONEFi is transitioning to a Web3 wallet and launching a new ecosystem in Q4 2024.
  • Mattereum and Sempsa JP have announced a strategic partnership to revolutionize blockchain technology for digital gold trading.
  • Crypto crime involving deepfakes is projected to exceed $25 billion this year, according to a Bitget study.
  • FreeBnk and E-Money Network have partnered to provide users with unique International Bank Account Numbers (IBAN).
  • SWIAT and IT service provider adesso have launched SWIAT Access.
  • Pandiana is set to launch the first meme-infused utility token on Solana.
  • Metahero has launched a phone application for creating customized web3 avatars.

Major Companies Making Moves

  • The Aptos Foundation is proposing to deploy Aave V3 on the Aptos Network.
  • Sony is set to launch its cryptocurrency exchange in Japan through the acquisition of Amber Japan.
  • Starknet Foundation launches DeFi Spring 2.0 with an increased budget of 90 million STRK until December 31, 2024.
  • Worldcoin has partnered with Alchemy to develop blockchain infrastructure for its World Chain.
  • Tether has partnered with UQUID to enable Filipino citizens to pay their social security contributions using USDT on the TON blockchain.
  • CertiK has partnered with Alibaba Cloud to boost blockchain development in Asia.

Government, SEC & Regulation

  • The Biden administration has finalized new crypto rules to crack down on tax evasion.
  • South Korean crypto exchanges are taking proactive measures to protect altcoin trading amid new regulations set to take effect on July 19.
  • The US Marshals Service has chosen Coinbase Prime to securely hold its “Class 1” digital assets, such as Bitcoin and Ethereum.
  • Kenya’s youth are turning to crypto as an alternative to the country’s unfair system amid violent protests over controversial tax policies.
  • The Digital Chamber has urged the SEC to end its attacks on the crypto industry.
  • Bernstein analysts highlight crypto’s role in making election markets more efficient, citing platforms like Polymarket.
  • Circle Mint France has secured the first stablecoin license under the EU’s Markets in Crypto Assets (MiCA) crypto rules.
  • Russian lawmakers have conceded that a draft law to legalize industrial crypto mining is set for further delay.
  • Financial surveillance threatens democracies, as evidenced by the recent conviction of a Dutch software developer for money laundering.
  • Bahamas is preparing to introduce legislation requiring commercial banks to support its “Sand Dollar” CBDC to boost its adoption.
  • Paxos has received full approval from Singapore’s central bank to issue stablecoins.
  • Louisiana has passed the Blockchain Basics Act, banning the future use of a digital dollar and protecting digital asset owners and miners.

Raises & Major Investments rounds

  • Bitget and Singapore-based investment firm Foresight Ventures have launched a $20 million TON Ecosystem Fund.
  • Aptos has raised $200 million in a funding round led by Andreessen Horowitz, with investors including Multicoin Capital and 3 Arrows Capital.
  • Online digital gold dealer Argo received strategic funding from Paxos and WonderFi. The amount is not disclosed.
  • Mamori, a web3 security firm, has raised $5 million in seed funding led by Blockchain Capital.
  • Decentralized ESG data network Nubila Network raised $2.50M in a funding round led by IoTeX and VeChain.

  • Ethereum co-founder Vitalik Buterin has proposed new strategies to reduce transaction confirmation times.
  • WELL3 is a new project integrating DePIN, DID, and AI systems to transform health and wellness.
  • Real Vision CEO Raoul Pal predicts a new wave of liquidity is set to flood global financial markets, affecting risk assets like crypto.
  • Charles Hoskinson believes AI models are losing utility due to alignment training associated with AI censorship.
  • Blockchain technology has evolved into a tool to protect businesses from cyberattacks and facilitate financial inclusion.
  • Avenix Fzco has unveiled Forexduo, a new Forex robot software designed to revolutionize traders’ approach to the market.

NFTs, Gaming, Metaverse

  • PLYR Gaming Blockchain launches as an Avalanche Subnet on July 1st, 2024, marking a new era in crypto gaming.
  • ChainGPT has introduced new features to its NFT generator, simplifying NFT creation with an intuitive interface.
  • The hype surrounding metaverse tokens, a virtual shared space, has gained interest in the cryptocurrency market.
  • Maincard.io, a leading Web3 sports fantasy card game, has launched on the mainnet of TON blockchain.
  • OtherWorld has launched a closed beta for Solo Leveling: Unlimited, an NFT platform.
  • Pixels’ founder, Luke Barwikowski, announced plans to collaborate with external developers on further Pixels games.
  • The Japanese village of Yamakoshi uses non-fungible tokens (NFTs) to address its aging population.

Onchain Data


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