Settle in for this weeks latest in #Web3 Alpha:
๐ Market Developments and Major Investments
๐ผ @MicroStrategy purchased 1.1 billion USD worth of Bitcoin, bringing its holdings to 471,107 BTC
๐ฆThe Czech Central Bank governor plans to explore holding reserves in #Bitcoin
๐ข @trumpmediainc debuted its fintech platform, Truth(dot)Fi, aimed at reshaping digital financial services
๐ก๏ธ Regulation and Legal News
โ๏ธ @SECGov rescinded controversial guidance (SAB 121) that had imposed stricter accounting measures on companies holding crypto assets
๐จ@kucoincom has agreed to pay a $300 million fine to resolve charges related to U.S. regulatory violations
๐ @POTUS signed an order intended to establish clearer #DigitalAsset regulations within the U.S.
๐ฐ Exchanges and DeFi
๐ค @krakenfx is resuming staking services after previously settling with the SEC over compliance concerns
๐ง @krakenfx launched a new instant payment feature this week
๐คThe popular crypto wallet ๐ป @phantom now supports the๐ง@SuiFoundation blockchain
๐ต#Stablecoin issuer @circle expanded $USDC support to the @Aptos Mainnet, eliminating the need for bridging when making transactions bringing together the forces of liquidity & speed and security
๐ต๏ธ Security and Market Manipulation
๐ Blockchain analytics firm @chainalysis reported over $20 billion in market manipulation through wash trading and pump-and-dump schemes
๐๏ธ @binance is under investigation in #France for alleged involvement in money laundering and inadequate KYC enforcement
๐ Meme Coins and Token Launches
๐ฟ @VineCoinFDN has been launched gaining traction amongst those reminiscing about the Social media platform #Vine, which was shut down by Twitter in 2017
โ ๏ธDespite facing a class-action lawsuit claiming meme coins are securities, https://t.co/CUNNx5IOZ7 recorded $15.5M in a single day of trading fees
๐ Blockchain Integrations and Expansions
๐ชจTokenization platform @Securitize has partnered with @solana to accelerate digital asset issuance
๐ช @JupiterExchange has two major announcements this week, #MagicScan which is designed to detect important crypto details as well as #JupNet, which has been dubbed the "All Chain network"
๐คThe open source platform for building and managing AI Agents, Ai16z, has officially rebranded to @ai16zeliza the projects original name closely resembled the VC firm Andreessen Horowitz.
๐ฉ Market Volatility
๐Due to insider trading allegations involving two contributors from launch partner Aerodrome Finance, who allegedly purchased a large number of Venice AI tokens shortly after they became available on the platform, the token experienced a significant drop in value.
๐ @opensea private beta access for an airdrop program sparked user criticism over lack of transparency
LFG ๐๐๐
Great to see @ChairmanSelig pushing forward the need for regulatory clarity in the US
Helping drive innovation in the states well done to the @CFTC
Agreed with this open letter by @JensenHuang
Supporting the growth of both Closed and Open AI models matter, and ultimately those who impose heavy restrictions on open models will fall behind in the global AI race
For my first post, Iโm sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
https://t.co/AUKzoQ5Ikb
For my first post, Iโm sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
https://t.co/AUKzoQ5Ikb
The @SECGov just drew a line through DeFi and itโs simpler than the headlines make it sound.
Not the tech. The people.
Other news this week: @BitMEX closed after 11 years. @mowementlabs filed bankruptcy. And $8.6B sits in vaults nobodyโs properly checked.
Thread ๐งต๐
๐ @Morpho launched Midnight a fixed-rate lending via discounted credit units, a real fix for DeFiโs floating-rate problem.
๐ค @FTDA_US says agentic AI, not speculation, is cryptoโs real institutional use case.
You probably saw this one coming ๐๐ฅ
@FogoFarm Frontier NFT holders will be whitelisted for the upcoming RebelOrcs NFT Sale ๐โ๏ธ๐
Donโt own a @FogoFarm Land yet?
This is your chance to grab one and secure your spot.
๐ธ Snapshot Details
The snapshot will be taken at a random time, closer to mint and announced right here.
Stay sharp.
๐ Whitelist Requirements
To qualify:
โ Like this post
โ Follow @RebelOrcs and @FogoFarm
โ Repost this tweet
RebelOrcs is leading the NFT ecosystem on @fogo, powering a launchpad and marketplace for the next wave of builders and communities.
Cheers to more opportunities and meaningful collaborations๐
GFOGO ๐ฅ
Coinbase has acquired @echodotxyz.
Onchain capital formation is a vital and unique part of the crypto ecosystem. Excited to be adding Echo and Sonar to Coinbase to give our customers new token access opportunities.
Aerodrome is already the highest revenue generating DEX in DeFi, generating over $400M in ~2 years.
Its Binanace Alpha alternative โ Community Launch โ generated ~20M in revenue in a single week.
And a lot more launches are coming soon. ๐ซ