Maker Minds #15 — A new digital pound?
Hey!
I'm Tony. Five years ago, I had zero knowledge about crypto. So, I started browsing the web to find answers to my questions.
Every Monday, I share whatever helpful information and news I come across with you. To put it simply, I make crypto easy to grasp. And if you're here, it means you're an early Web3 adopter!
Here’s a recap of what shaped the crypto space this week 👇
State of the Market:
Bitcoin: $30,194
Ethereum: $1,862
Solana: $20
Gold: $1,925
S&P 500: $4,399
😯 The unusual news… which is quite usual
Pepe 2.0 turns an investor into a millionaire in 10 days! Pepe 2.0 is a new meme coin based on Pepe the Frog, replacing the old meme coin PEPE.
Despite the decline in meme coin volumes, Pepe 2.0 recently turned an investor into a millionaire in less than 10 days.
The investor managed to convert an initial investment of $12,000 into $1.05 million.
Impressive timing!
💰 Blockchain and adoption
Larry Fink, the CEO of BlackRock, expresses his admiration for Bitcoin. During an interview with Fox Business, he regards Bitcoin as a "global asset" and a form of "digitalization of gold", contradicting his previous reservations about the legitimacy of crypto.
Hong Kong aims to rival stablecoins by forming a Web3 task force to develop its crypto ecosystem. Proposed initiatives include a government-backed stablecoin tied to the local currency, with the goal of positioning Hong Kong as a major Asian hub.
Australian authorities have raided Binance in response to fraud allegations, following similar actions taken by France. Binance spokesperson confirms cooperation with authorities and commitment to local regulatory compliance.
dYdX launches its testnet on Cosmos, allowing users to transition away from Ethereum and trade with limit and market orders.
Nuggets collaborates with the Bank of England to develop a privacy layer using ZK Proofs for the future "digital pound."
Blur introduces v2 of its NFT marketplace, featuring reduced gas fees, trait auctions, and the ability to bid on specific rarity traits.
Hut 8 commits to carbon neutrality by 2025 and plans to offset 40% of its CO2 emissions, as stated in its ESG 2022 report.
Coca-Cola Serbia partners with SolSea, a Solana-based NFT marketplace, to offer branded merchandise and NFTs in collaboration with the EXIT music festival.
Binance Netherlands exits the market and offers free asset transfers to local provider Coinmerce.
Pi Network is under investigation by Vietnam's cybersecurity department over compliance with business practices.
FBI investigates former Kraken CEO Jesse Powell for alleged hacking and cyber harassment against a non-profit art group.
Circle introduces a developer platform, enabling the integration of web3 wallets with any blockchain.
Coinbase CEO sells $5.8M of $COIN shares. SEC filings disclose that Coinbase executives, including Brian Armstrong, sold substantial amounts of $COIN shares. Armstrong had previously announced selling 2% of his holdings to fund other ventures. ventures
🔥 What’s Poppin’?
If you have some spare time, give it a read 👇
▹ EU Regulators Warned: Don’t Ignore DeFi
▹ Less than 10% of all bitcoin trading volume happens in the US
▹ Bitcoin Mining Revenue Hits $184 Million in Q2 Amid Ordinals Fervor
▹ $126M in multichain Funds ‘Abnormally’ Moved to Unknown Address, Says Troubled Bridging Project
Cheers,
Tony.
Click here to connect on Twitter.
Have a nice week!