Morning friends ☕️,
Bitcoin is just over $30K as we enter Tuesday. Both ETH and BTC performed well over the past 7 days. Let’s dive into some recent news.
Damus, an app that lets users tip their favorite content creators, will be removed from Apple’s App Store after failure to come into compliance with its Bitcoin tipping service
7 projects that a16z, one of the biggest crypto VC firms, has invested in recently
Valkyrie filed for its own spot Bitcoin ETF on Wednesday, joining BlackRock, Bitwise Asset Management, WisdomTree and Invesco
Interesting aggregation of crypto critics and their viewpoint by Ignas
Developers of Arbitrum-based Chibi Finance appeared to have stolen over $1 million worth of various tokens shortly after the protocol went live earlier on Tuesday. Lots of influencers paid to shill immediately deleted their posts.
Popular crypto influencer Mochi deleted his sponsored thread.
A new report from the FTX team that’s digging through the financials of the failed exchange said the company owed its customers $8.7 billion after commingling and misusing their deposits
Senior executives started hiding that trouble as early as August 2022
The current CEO has been trying to settle the exchange’s affairs since its November collapse, and there have been some hints that its operations could be restarted as FTX 2.0.
Mythical Games secures $37 million in funding for Series C extension round from Scytale Digital, ARK Invest, Andreessen Horowitz, and Animoca Brands.
The company's previous Series C round led by a16z raised $150 million in November 2021, valuing Mythical Games at $1.25 billion
Mythical Games is popular for its blockchain and gaming ecosystem, including Mythical Chain, Mythical Marketplace, and popular games like NFL Rivals and Blankos Block Party.
NFL Rivals achieved over a million downloads just two months after its launch.
Circle's CEO, Jeremy Allaire, anticipates approval of Bitcoin exchange-traded funds due to addressed regulatory concerns and improved market structures
Allaire highlights mature spot markets, well-regulated custody infrastructure, and enhanced market surveillance as factors supporting the potential approval
He suggests that the progress made in addressing past concerns increases the likelihood of these products being accessible to general investors
Using Delegate Cash, which allows users to assign a hot wallet to act on behalf of a cold wallet
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