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Link available here: https://t.co/ZbY0iAJ30B
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Shapella Not Chapelle ☝
Surprisingly, Ethereum's recent hard fork "Shapella" had nothing to do with world-renowned comedian Dave Chapelle.
Instead, Ethereum's hard fork allowed stakers on the Beacon Chain to withdraw their staked Ether, which had been locked since 2020.
Digital Waves Is Makin' Waves🌊
@DwfLabs captured headlines after splurging over $200M on AI-crypto-Web3 projects like @MeetTomiAI, @Fetch_ai and @LABELFoundation.
Additionally, Yalla!Market made headlines after announcing it would be accepting crypto via Binance and IvendPay.
The UAE vs. Saudi💪
The rivalry intensifies as KSA looks to become the destination of choice for expatriates, a position held for decades by the UAE.
@WamdaME's report quantifies a portion of this rivalry.
In March, KSA startups raised $175M compared to the UAE's $59M.
In this week's issue:
⚡Startups in the UAE and Saudi Arabia raise $234 million of the $247 million raised in the MENA region in March.
🌟@DwfLabs, a UAE-based Web3 firm, invests $1 million in @LABELFoundation, a Korean blockchain-based entity focused on music disruption.
@LayerZero_Labs proves investors still have an appetite for blockchain in 2023🍴
Other 'major' news:
👉50+ legislative items relating to crypto & digital asset policy made their debut on Capitol Hill.
👉The Bank of England begins building a team to develop the nation’s CBDC.
We love us some startup action, and last week had plenty of it!
Ghaf Labs and @RepublicCrypto also made moves by partnering up to offer their blockchain advisory, consultancy and incubator services to MENA's blockchain and Web3 companies.
Central Banks are hungry for CBDCs🏛️
While regulators' attitudes to crypto vary greatly, there seems to be a unified acceptance of CBCDs.
As BlockByBlock's latest newsletter release reported, Kuwait has joined the list of governments actively exploring CBDCs.
NFT market received an unlikely catalyst last week💭
Trump NFTs received major price boost after a New York jury indicted him on 30+ counts of fraud.
Minted for $99 on the Polygon network, the NFTs surged to a price of $1K & recorded nearly $5B worth of trading volume.
It's "Regulators vs. Operators" in the crypto market👊
Despite Bitcoin's impressive price action in 2023, the crypto market remains fraught with a tense regulators and operators relationship.
Just last week, Coinbase had made headlines by receiving a lawsuit from the SEC.
All Quiet On The Eastern Front🤫
Startup activity has diminished slightly locally following the beginning of the holy month of Ramadan.
Yet, some operators are refusing to slow down even now.
@MarathonDH plans to open up 2 mining sites comprising 250 megawatts in Abu Dhabi.
Bahrain, KSA & UAE make significant strides in developing crypto regulatory landscape🐫
Many crypto exchanges progressed in their pursuit of a fully-functional license of operation in UAE.
The KSA Central Bank is looking into a forum that differentiates between virtual assets.
This issue:
⚡The @CBB_News introduces a regulatory framework for digital tokens to strengthen local crypto assets market.
💸@MarathonDH says it will open up 2 mining sites comprising 250 megawatts in Abu Dhabi.
🕌 BlockByBlock wishes all its readers a hearty Ramadan Kareem.
A Wells Notice is a letter stating the SEC's plans to bring an enforcement action against its recipient.
The Wells Notice alleges that Coinbases' staking products constitute unregistered securities.