Mind The Block: Your Weekly Dose of Web3 News and Insights
Mind The Block Headlines This Week
Table of Contents
- Bybit launches Sui Wonderland 2024 campaign
- Aptos adds Michael Sonnenshein to board
- FCA plans UK crypto rules by 2026
- Metalayer secures $20M for crypto venture fund
- AGII enhances cross-chain blockchain interoperability
- Immutable, Altura partner for Web3 gaming tools
- XLM surges to historic highs and record demand
- Cryptocurrency Liquidity Dynamics
News
- Bybit Web3 has launched Sui Wonderland 2024, a campaign to empower users and advance blockchain ecosystems.
- Ripple has launched its first tokenized money market fund on the XRP Ledger.
- Ethereum regains USDT dominance against Tron after two years, with a 10% increase in supply.
- MoonDog has partnered with INTRACT to enhance user experience and community engagement.
- Hong Kong’s ZA Bank has launched cryptocurrency trading services for retail users, allowing seamless trading of top cryptocurrencies in HKD and USD.
- Anzen plans to launch the Anzen protocol token on Fjord Foundry on December 2, 2024, as TVL reaches $92 million.
- Newmarket Capital has launched Battery Finance, a Bitcoin-Collateralized Loan Strategy.
- Nexo has launched Personal USD Accounts, allowing clients over 150 countries to manage U.S. dollar transfers directly through registered accounts.
- Trust Wallet has integrated Binance Connect, Binance’s official fiat-to-crypto gateway, to enhance user experience and simplify crypto transactions.
- 1inch has launched Fusion+, a decentralized finance platform designed to simplify cross-chain transactions by eliminating the need for bridges.
Extras By Mind The Block
- Farcaster founder Dan Romero teases Frames v2 ahead of full launch in 2025, allowing full-screen applications inside Warpcast.
- GCEX Group has partnered with Hex Trust to offer a Secured Accounts service.
- CheersLand and Scarcity are partnering to enhance social media engagement through decentralized platforms.
- Babylon Labs and Lombard Protocol are preparing to bring liquid Bitcoin staking to Sui, a layer-1 blockchain network.
- SynFutures, a perpetual futures platform, is decentralizing and launching a foundation and governance token.
- Phantom Wallet now supports Base, Coinbase’s Ethereum-based Layer 2 blockchain, out of beta.
- Keanu Reeves, a Hollywood actor, has launched a meme coin on Pump.fun, sparking interest in the booming crypto ecosystem.
- Alpha DEX, a comprehensive trading app for meme coins, offers an efficient and user-friendly platform for trading.
- AI-driven blockchain innovation AILayer is partnering with Bitcoin yield optimizer Taker Protocol to transform the Bitcoin ecosystem.
Major Companies Making Moves
- Binance launched BNBUSDT and SOLUSDT monthly options on November 26, 2024, with European-style contracts only exercisable at expiration.
- Tron, founded by Justin Sun, has purchased $30 million worth of World Liberty Financial tokens, supported by Trump.
- Aptos Labs has added former Grayscale Investments CEO Michael Sonnenshein and OpenAI CEO Kevin Weil to its advisory board.
- Mastercard and J.P. Morgan are integrating blockchain-based tools with real-time payment rails to streamline cross-border business transactions.
- BitMEX has launched a global campaign, ‘Decade of BitMEX‘’ to celebrate its 10th anniversary.
Government, SEC & Regulation
- The Financial Conduct Authority (FCA) plans to introduce a detailed UK crypto regulation framework by 2026.
- The Bank of Russia warns against tokenizing real-world assets due to the country’s underdeveloped legal framework and uncertainty surrounding tax implications.
- US states are suing the SEC for overstepping its authority in enforcing federal securities laws over the growing digital asset industry.
- Australia is lagging in cryptocurrency regulation, with only 40 businesses involved in crypto having a license.
- South Korea’s financial regulator has ruled out the possibility of establishing a national Bitcoin reserve.
- Metaplanet has finalized an exclusive license to launch Bitcoin Magazine in Japan.
- Romania introduces blockchain voting for presidential votes, enhancing transparency and security in elections.
- UK government urged the creation of a bitcoin reserve amid Trump’s pro-crypto policies, comparing it to US initiatives under Trump.
- Iran’s central bank is preparing to launch the digital rial, a central bank digital currency.
- The Texas PUC has passed a rule requiring cryptocurrency mines to register to help regulate energy usage.
- South Korean lawmakers are divided over the crypto tax, with a deadline approaching.
Raises & Major Investments rounds
- Monkey Tilt raised $30M in a Series A funding round led by Pantera Capital, with participation from Hack VC and Polychain Capital.
- Metalayer, a crypto-focused investment firm, has secured $20 million in a first close toward its $25 million crypto venture fund target.
- Kernel secures funding from Binance Labs to redefine restaking on BNB Chain, transforming BNB’s economic security into programmable trust.
- KGeN (ex-Kratos) raised $10M in a funding round led by Aptos Network, with participation from Game7 (GDC), Polygon.
Trends & Narrative
- AGII is revolutionizing cross-chain interoperability in blockchain networks by enabling seamless communication between systems.
- Dr. Richard Blythman suggests redesigning developers’ incentives to address AI developer motivation and move beyond financial rewards.
- Crypto wallets can protect personal data by storing necessary data for quicker verifications and providing faster and safer services.
- Chris Lyons, president of Web3 Media, discusses the potential of blockchain and Web3 as groundbreaking technologies in the tech world.
- Stacey Engle, CEO of Twin Protocol, suggests that integrating AI with blockchain technology can boost trust and prevent misuse.
- BricklayerDAO is a decentralized autonomous organization (DAO) that offers decentralized access to institutional-grade properties via blockchain.
NFTs, Gaming, Metaverse
- Immutable and Altura are partnering to offer custom marketplace tech and rewards programs for web3 games.
- Azuki, a Web3 anime-themed project, has partnered with Sony Music Japan’s Aniplex to expand the Fate series’ reach.
- Limit Break has made its Creator Token Standard 4.0 and Payment Processor 3.0 permissionless.
- Big Time Studios plans to launch its Player vs. Player (PvP) mode for 2024’s most successful NFT video game, Big Time, on December 2.
- Mythical Games is set to release FIFA Rivals in the summer of 2025, a web3 game ecosystem expansion.
- NFT sales fell 9.3% compared to the prior period, with Ethereum and Bitcoin dominating, while Solana gained ground.
Onchain Data
- Dogecoin rallied 25%, breaking out of consolidation and predicting a potential 90% surge to $0.82.
- Polygon (POL) has surged 26% in the past 7 days, with only 15.11% of holders in profit.
- Ethereum (ETH) has surged 7% this week, surpassing BTC, driven by whale accumulation and neutral-to-bullish sentiment.
- XLM price surges to historic highs amid a strong demand wave, with open interest hitting an all-time high.
- Toncoin surged 27% after breaking resistance from a descending triangle pattern, suggesting a potential $9 target.
Educational Guides and Tips from Mind the Block
- Cryptocurrency Liquidity Dynamics: A Guide to Market Stability.
- How do you invest in Bitcoin and crypto without actually buying it?
- Crypto Market Capitalization: A Guide for Smart Investment Choices.
- The crypto crash survival guide: Why 8lends’ model stands out in a volatile market.
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