Mind The Block: Your Weekly Dose of Web3 News and Insights
Mind The Block Headlines This Week
Table of Contents
- Linux Foundation launches platform for open-source Web3
- HashKey Global, Elliptic partner to enhance crypto compliance
- Bybit secures VARA approval, boosting global presence
- Tune.FM raises $50M, reaching $80M in total funding
- Octavian Labs launches Web3 automation tools
- Ronin introduces Ronin Waypoint for cross-game accounts
- Arbitrum may test resistance, potential 182.72% surge to $1.50
- How Blockchain is Changing Casino Loyalty Programs
News
- The Linux Foundation Decentralized Trust is launching a platform to advance open-source web3 technologies.
- ZKsync has partnered with Chainlink to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for a unified Layer 2 ecosystem on Ethereum.
- NEAR Protocol has partnered with Nillion Network, a privacy-focused computing platform, to enhance privacy tools for developers.
- 21Shares adds Anchorage Digital Bank and BitGo as custodians for its spot cryptocurrency ETFs.
- Ripio has launched a Visa-backed decentralized finance card, allowing users to use crypto as collateral for purchases, with the card currently in testing phases.
- BitGo introduces a token management service for crypto foundations, attracting big names like Worldcoin and LayerZero as its first customers.
- TRON DAO has formed a task force to combat the illicit use of the USDT stablecoin on the TRON blockchain.
- Ledger is partnering with Exodus to introduce a new crypto swap feature called XO Swap, which will be integrated into the Ledger Live application.
- Risc Zero plans to launch Boundless, which uses zero-knowledge proofs to provide blockchain security to any off-chain app.
- Freename, a leading provider of multichain Web3 domains, has announced its integration with the Sei blockchain.
Extras By Mind The Block
- Binance warns of crypto fraud due to a rising malware threat called “Clipper Malware,” which alters wallet addresses during transactions.
- Coin98 Super Wallet introduces version 15, featuring AI support and in-app chat for seamless Web 3.0 interactions.
- Euler Finance has launched a new stablecoin, Maxi, backed by various assets, including tokenized treasury bills, yield-bearing tokens, and sy.
- BONK and Borussia Dortmund have partnered to enhance fan experiences through web3 technology.
- Xenea, a Layer 1 blockchain, integrates decentralized storage infrastructure into its ecosystem.
- BOB Stake is a one-click Bitcoin staking solution that enables users to stake Bitcoin and use Liquid Staking Tokens across decentralized finance applications.
- Hinkal Protocol is launching “hETH” as a privacy-focused ETH derivative.
- SwapSpace has introduced its Crypto Loans feature in collaboration with CoinRabbit, allowing users to access stablecoins without selling their digital assets.
- WOMIO, a $1.5B memecoin project, aims to elevate the entire memecoin sector by creating a unique and memorable community.
- Donald Trump’s World Liberty Financial (WLF) project will launch its “WLFI” token on X.
- Worldcoin’s World IDs can now be authenticated on Solana using the interoperability protocol Wormhole.
- KyberSwap, a leading decentralized finance platform, has announced its integration with Sky Ecosystem.
Major Companies Making Moves
- HashKey Global and Elliptic have partnered to enhance compliance and risk management in the crypto exchange landscape.
- Ripple, Hedera, and Aptos Labs have partnered to launch the MiCA Crypto Alliance.
- Qatar Financial Centre (QFC) has launched its Digital Assets Lab, partnering with key partners like Google Cloud and Masraf Al Rayan.
- OKX Wallet and Uniswap Labs will host an exhibition event in Singapore titled ‘Swap to the Future’ on September 17, 2024.
- OKX has joined the exSat network as a key validator node, aiming to enhance Bitcoin’s scalability and interoperability.
Government, SEC & Regulation
- Seven Democratic US Senators have sent letters to ten of the country’s largest Bitcoin ATM operators, urging them to address fraud against elderly Americans.
- Bybit secures provisional approval from Dubai’s VARA, enhancing its global blockchain presence.
- BRICS nations, including Brazil, Russia, India, China, and South Africa, are collaborating on cryptocurrency and blockchain technology to challenge Western-led financial systems.
- Changpeng Zhao, co-founder of Binance, is set to be released from US custody on September 29.
- Bitcoin mining facility in Hadsel, Norway, was closed due to noise complaints and increased electricity bills.

- UK Finance and 11 members have completed the experimental phase of a tokenization and central bank digital currency (CBDC) platform.
- Experts warn that Hong Kong’s cautious regulatory approach may hinder its growth in the rapidly evolving digital assets sector.
- Russian Central Bank Governor Elvira Nabiullina has emphasized the need for digital currencies to address cross-border payment challenges.
- The UK High Court has ruled that stablecoin tether (USDT) is recognized as property under English law despite not being physical assets.
- Latvia’s central bank offers free pre-licensing consultations to virtual asset providers (VASPs) to prepare for the Markets in Crypto Assets framework.
- Mercado Libre has announced plans to expand its Meli Dólar stablecoin project to other countries, including Mexico.
Raises & Major Investments rounds
- Boyaa Interactive International has invested $100 million in MTT ESports, acquiring a 25% stake, to strengthen its position in the Web3 gaming industry.
- San Francisco-based web3 decentralized music streaming platform Tune.FM has secured $50m in funding, bringing its total funding to $80m.
- Hack VC, a prominent crypto fund, has raised $77 million for its third fund, which is now considered “oversubscribed.”
- LogX, an innovative on-chain consumer super app, has raised $4 million in its latest funding round, raising its total capital to $10.1 million.
- Decentralized renewable energy network Fuse raised $12M in a Strategic funding round led by Multicoin Capital.
Trends & Narrative
- Vitalik Buterin discussed the importance of solo staking in enhancing Ethereum’s security and decentralization by reducing reliance on centralized entities.
- Octavian Labs has introduced a suite of automation tools for the Web3 ecosystem to simplify users’ research and execution workflows.
- CryptoPie has launched a comprehensive cryptocurrency education program, providing users with expert insights and market analyses.
- BSV Blockchain has released an SDK for Python developers, allowing them to use Simplified Payment Verification (SPV) for building peer-to-peer applications.
- Lagos is set to revolutionize its land registry system with blockchain technology.

- Belgian scientists have successfully used blockchain technology to enable autonomous AI agents to learn and communicate securely.
NFTs, Gaming, Metaverse
- Ronin has introduced Ronin Waypoint, a revolutionary cross-game account system for web3 gaming.
- Chiru Labs, creator of Azuki NFT, has acquired Anime.com to expand its digital footprint and engage with the anime community.
- SunSpear Games has partnered with leading Web3 gaming platform Immutable to enhance the gaming experience in IMMORTAL: Gates of Pyre.
- Colle AI, a trailblazer in Web3 and AI innovation, has expanded its NFT generator to include video NFT creation.
- US developer SunSpear Games has announced its PC-based Immortal: Gates of Pyre will launch on Immutable.
- DeLorean will collaborate with Animoca Brands to create a limited edition NFT collection for the Motoverse.
- Sonic and Fragmetric have partnered to secure the HyperGrid of Solana, a restaking platform on the blockchain, and scale Solana for next-gen gaming.
Onchain Data
- BNB’s price shows a bullish divergence, with smart money accumulating the altcoin.
- The Shiba Inu price is at risk of an 18% drop if it breaks its $0.00001280 support, despite analysts calling for a price increase to $0.001.
- Arbitrum is expected to test resistance and potentially surge to $1.50, with analysts suggesting a potential 182.72% price surge.

- Fetch.ai (FET) is approaching a key resistance level at $1.50, indicating a potential breakout.
- TRX (TRX) has been in a downtrend since August 25, dropping by 13% to $0.14.
Educational Guides and Tips from Mind the Block
- How Blockchain is Changing Casino Loyalty Programs, Benefits of blockchain in loyalty programs.
- MetaMask Not Loading, Errors, and Other Troubleshooting – How to Solve Them.
- Top 5 Crypto Profit Calculators to Enhance Your Investment Strategy Across Leading Platforms.
- How to Get Goerli ETH from Goerli Faucets? NOT POSSIBLE ANYMORE, Here’s Why.
- Blockchain Accounting: Benefits and Challenges.
- How to potentially earn $10,000 with CryptocoinMiner.
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