Mind The Block | September Week 2

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

Mind The Block Headlines This Week

  • 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.

  • 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.

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