Mind The Block | October Week 3

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

Mind The Block Headlines This Week

  • Binance Academy offers $12,000 USDC for course completion
  • OKX named Special Sponsor of Blockchain Life 2024
  • UK FCA defends strict crypto registration rules
  • Borderless Capital launches $50M LATAM Web3 fund
  • AI and blockchain convergence boosts trust and privacy
  • Ubisoft releases its first NFT game, Champions Tactics
  • Dogecoin whale transactions reach a 4-month high
  • How to buy cryptocurrency in the UK (2024)?

News

  • Binance Academy is offering $12,000 USDC in rewards for completing its beginner track courses.
  • Sony’s blockchain venture Soneium has been targeted by a phishing scam that uses Google’s ad service to reach the top of search results.
  • ZeroLend has partnered with Token Terminal to improve on-chain analytics, enhancing stakeholder reporting across multiple blockchain platforms.
  • DePIN is disrupting companies like Google, Amazon, and Nvidia by offering a solution to Bitcoin mining’s profit margin pressure.
  • Plume has joined the Enterprise Ethereum Alliance (EEA), a global powerhouse in Real World Assets Finance (RWAfi).
  • Scroll has launched its native token, SCR, to recognize global community contributions and decentralize its ecosystem.
  • The Financial Stability Board (FSB) and the Bank for International Settlement (BIS) have identified three vulnerabilities in tokenization.
  • Zanzibar has launched a National Blockchain Sandbox to support startup innovation and promote technological advancements.

Extras By Mind The Block

  • Lisk and Moralis have partnered to streamline decentralized application development by integrating Moralis’s plug-and-play APIs.
  • Elmnts, a tokenized investment platform, has launched its public beta on Solana.
  • Buenos Aires has integrated QuarkID into its miBA app, allowing over 3.6 million residents to manage documents and services through mobile devices.
  • D3 Global has launched.APE domain names allow ApeCoin users to use these top-level domain names on ApeChain.
  • NAYM token has been launched and is currently trading, offering yields ranging from 10% to 20% and partnering with Coinbase.
  • AGII, a platform combining Web3 and AI, has enhanced its multimodal capabilities to boost web3 development and creativity.
  • Aventus Network, a web3 platform for enterprise blockchain solutions and parachain on Polkadot, has announced the launch of Aventus 2.0.
  • Polimec, a decentralized Web3 fundraising protocol on Polkadot, has announced its integration with Banxa, a prominent fiat-to-crypto gateway.
  • GT Protocol, a crypto-powered chatbot, has enhanced accessibility and functionality with advanced AI-building technologies.
  • Coin Metrics introduces Exchange Flow Metrics, analyzing Bitcoin and Ethereum flows to and from centralized exchanges.
  • SPACE ID has partnered with MetaMask to integrate Web3 Domain Snap.

Major Companies Making Moves

Government, SEC & Regulation

  • The UK’s Financial Conduct Authority (FCA) has defended its strict crypto registration requirements.
  • Japan’s Democratic Party for the People promotes tax system reforms to attract crypto-conscious voters ahead of the looming election.
  • Ras Al-Khaimah, UAE, has established a legal framework for decentralized autonomous organizations (DAOs) within its digital assets free zone.
  • Despite leading global adoption, India may ban private cryptocurrencies like Bitcoin and Ethereum in favor of CBDCs for safer and more inclusive financial systems.
  • Samson Mow, CEO of JAN3, has discussed the possibility of the US government seizing institutional Bitcoin, similar to how gold was confiscated in 1933.
  • A $30m crypto fraud trial in France has begun, involving over €28m in stolen funds. The case targets football clubs and individual investors.
  • Coinbase has filed two new Freedom of Information Act (FOIA) requests against American regulators.
  • Tom Kiddle, co-founder of Palisade and former Ripple executive, discussed the EU’s Markets in Crypto Assets (MiCA) regulation.
  • Central banks are secretly buying Bitcoin to hedge against their policies and manage debt.

Raises & Major Investments rounds

  • Borderless Capital has launched a $50 million LATAM fund to invest in Latin American Web3 projects.
  • Yellow Card Financial raised $33M in a Series C funding round led by Blockchain Capital, with participation from Polychain Capital and Block.
  • Karpatkey, an onchain treasury management solutions provider for DAOs, has closed a $7 million funding round to expand its services and reach more DAOs.
  • Variational raised $10.30M in a Seed funding round led by Bain Capital Crypto, Peak XV Partners.

Trends & Narrative

  • The blockchain industry continues to grow, with innovative projects like Layer-1s and Layer-2s transforming technology and society.
  • Experts say Bitcoin solves the climate problem; here’s How.
  • The convergence of AI and blockchain technologies highlights their unique complementary nature and potential to build trust and privacy.
  • Blockchain could help combat AI fakes in crypto airdrops and elections, as the internet is filled with bots and AI pretending to be humans.
  • Bitaxe founder Skot created the first open-source ASIC-based Bitcoin miner and inspired over 4,000 others to contribute to open-source Bitcoin mining projects.

NFTs, Gaming, Metaverse

  • Metacade has launched Metacade Tournaments on Coinbase Wallet, connecting it to 73 million verified users.
  • APENFT has partnered with NextMate AI to revolutionize the TRON NFT ecosystem.
  • Ubisoft has released its first original NFT game, Champions Tactics: Grimoria Chronicles, on the Ubisoft Connect platform.
  • Nakamoto Games is set to launch the NAKAWallet, a multi-chain wallet solution designed to interconnect Web 2.0 and Web 3.0 environments.
  • Decentraland has launched a new desktop client that enhances performance, provides a more immersive environment, and introduces new features.
  • SuperRare has integrated Chainlink’s CCIP into its RARE token, enhancing its functionality and enabling secure NFT transfers across multiple chains.
  • Conduit G2 offers 100 Mgas/s throughput, setting a new standard for on-chain games and DEXs.

Onchain Data

  • Dogecoin’s on-chain data remains strong, with whale transactions hitting a 4-month high.
  • Bittensor shorts are facing trouble, with a 20% increase this month.
  • Polkadot (DOT) has experienced a significant decline, dropping by almost 3.50% and currently trading at $4.41.
  • Ethereum’s circulating supply has risen by 7,728 ETH, reaching a six-month high and potentially putting pressure on its price below $3,000.
  • Uniswap (UNI) is nearing a critical breakout, testing the $8.66 resistance level after a strong rally.
UNI chart analysis

Educational Guides and Tips from Mind the Block

Found value in the insights shared here? Check out our YouTube and Twitter, loaded with content meant to educate and entertain.

Follow our Telegram for a sneak peek at alpha; for an even deeper dive, join our Patreon community, where we share exclusive alpha for you to be the ‘early bird.’

Follow us today, and let’s explore Web3 together!

Author

Leave a Reply

Your email address will not be published. Required fields are marked *