#ThisWeekinWeb3 🧵
🔥 @blackrock have reached an agreement with @coinbase for a game-changing move! 🤝
#Nasdaq includes a CB surveillance sharing agreement in their Bitcoin Exchange-traded fund filing, tackling the SEC's biggest concern: market manipulation.😱 #watching 🍿
💎Moreover, @0xPolygon 's ecosystem is buzzing with activity in Hong Kong, offering unique NFT drops during the recent #HongKongFinTechWeek2023
These NFTs, minted on Polygon's proof-of-stake network, provide real-world value for their holders.
#ThisweekinWeb3 🚀
💥 @Mastercard Partners with @moonpay for #Web3 Innovation!
Mastercard teams up with MoonPay where together, they aim to explore the potential of Web3 tools in enhancing marketing experiences, especially within Mastercard's renowned sponsorship portfolio.
#HongKong is licensing multiple crypto exchanges and proposing a solid framework for stablecoin regulation, establishing itself as a rising force in the #Web3 sector.
Grayscale and the rest of the industry now await the outcome of a court order that vacated the SEC's rejection of the company's effort to convert GBTC to an ETF 👩🏽⚖️👾.
This week in Web3...
Bitcoin Surges to All-Time Highs in Turkey and Nigeria
Bitcoin has soared to new all time heights in Turkey and Nigeria this week, despite the asset trading up to 50% below it's US peak 🇹🇷🇳🇬.
The controversial agency chairman further declined to give any indication on timing or the order applications might be considered. This follows from the SEC's demands from the court to erase it's objection to Grayscale Investment's application.
Crypto Winter: prolonged bear market in the cryptocurrency industry, characterized by a significant decrease in the prices of cryptocurrencies and a reduction in market capitalization❄️.
#aliceinweb3#web3#blockchain#crypto#bearmarket#bullmarket🔗💰
💼⚖️ NY AG Files $1B Fraud Lawsuit 💼⚖️
NY AG Letitia James sues Gemini Trust, Genesis Global Capital, and DCG for defrauding investors. Allegations against Moro and Silbert. 230,000 investors affected. Gemini aware of issues, didn't disclose. 💸🕵️♂️ #fraud#crypto#web3
#Thisweekinweb3🌐
Ripple x SEC Case Update 📜 The SEC drops charges against Ripple Labs' CEO and Executive Chairman, Brad Garlinghouse and Chris Larsen. Charges can't be refiled. SEC still pursues claims against Ripple. XRP value rises by 6.49% after news. 📈💹 #crypto#SEC#XRP
🔥 SBF Trial Update ⚖️🔍
Former FTX employees testify against Sam Bankman-Fried, alleging misuse of customer funds. Accused of diverting $8B for bets/expenses. Some execs plead guilty. Trial expected to last 6 weeks. Judge Kaplan overseeing. 👨⚖️🔥 #FTX#SBFTrial#crypto