๐Ÿง  Everything You Missed This Week

All the stories in crypto in 5 minutes

GM Seedphrasers ๐Ÿ‘‹ Welcome to the crypto waters, we act as your floaties and protection in case you slip and fall.

๐Ÿ““ Todayโ€™s Agenda:

  • ๐Ÿ“‰ Crypto Stories From The Week

  • ๐Ÿ’ฐBiggest Crypto Funding Rounds

  • ๐Ÿ–ผ Hot NFT Headlines

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๐Ÿ“‰  CRYPTO HEADLINES

  • In the past 16 days, Bitcoin whales, defined as wallets holding between 100 and 10,000 BTC ($2.8M to $278M), have purchased a whopping 64,000 BTC ($1.8B). This significant investment suggests that BTC whales are bullish on the cryptocurrency's long-term prospects. It's similar to how doomsday preppers stocked up on toilet paper during COVID; the BTC whales are accumulating assets in anticipation of potential future gains. As Bitcoin continues to gain mainstream acceptance, it will be interesting to see how this trend plays out. - Check It Out

  • Stripe announced the launch of a Stripe-hosted fiat-to-crypto onramp, making it simpler for Web3 companies to assist US-based customers in purchasing cryptocurrency. - Learn More

  • Venmo just introduced new crypto-to-fiat onramp features, making it easier for over 70 million users to buy and send popular cryptocurrencies such as BTC, ETH, Litecoin, and more. With the new features, users can transfer crypto to other Venmo users, external wallets, exchanges, or any PayPal account. - Learn More

  • MicroStrategy has posted a profit for the first time in 9 quarters and hints at potentially selling some of its Bitcoin holdings, according to its Q1 earnings report. The move could be a strategy to take advantage of Bitcoin's current market highs. The coming months will be critical in determining the company's future direction. - Read More

  • In the dark corners of the internet, a new trend is emerging - the sale of verified crypto accounts on the black market. These accounts are fetching high prices, with Kraken accounts leading the pack at an average of $1,200 each.- Learn More

  • Governor Ron DeSantis recently criticized CBDCs, emphasizing the importance of individual choice in investment decisions. He passionately defended the right of every person to pursue financial freedom and prosperity. The ongoing debate over crypto regulation and governance is about more than policy - it's about the future of financial freedom and the American Dream itself. - Read More

  • Nate Chastain, a former OpenSea executive who was involved in an insider trading case involving NFTs and made $50,000, has been convicted of money laundering and wire fraud, and now faces up to 40 years in prison. - See the case

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๐Ÿ’ฐ FRIDAY FUNDING

  • ZkLink raises $10M in a funding round with Coinbase Ventures ahead of mainnet launch, providing a secure layer-2 network for cross-chain trading and DeFi applications. - Check it out

  • Vibe secures $4M in funding rounds with Alchemy Ventures to expand its NFT platform, offering unique experiences through blockchain-powered digital collectibles. - Learn More

  • OpenTrade raised over $15 million to develop and offer crypto-structured financial products. The funds raised will be used to expand OpenTrade's existing platform, which currently provides a wide range of cryptocurrency investment products, including structured products, derivatives, and customized portfolios. - Learn More

  • Credibly Neutral raises $55 million in seed funding to invest in promising blockchain and cryptocurrency startups. The funds will be used to support early-stage blockchain and cryptocurrency companies, providing them with the resources they need to succeed in a rapidly evolving market. - Check it out

  • Fare Protocol raised $62 million in a funding round ahead of the launch of its token. The funds raised will be used to develop and launch Fare Protocol's decentralized platform, which aims to create a more open and transparent travel industry. The platform will enable travelers to book flights, hotels, and other travel-related services using cryptocurrency, with the aim of reducing costs and increasing transparency in the travel industry. - Learn more

๐Ÿ–ผ NFTS

  • Memeland has announced the launch of a new feature called "raiding," which will allow Captainz holders to seize maps from other participating Captainz. In response to initial negative feedback, Memeland has updated the win/loss odds to make the raiding experience more fair and enjoyable for everyone. - Get Details

  • Blur has launched Blend, a new peer-to-peer NFT lending protocol. Blend offers market-determined interest rates and a "buy now, pay later" feature for Cryptopunks, Azuki, and Milady Makers. This is a major development for the NFT market, offering collectors a new way to generate passive income without third-party intermediaries or price oracles. - Try It Out

  • Goblin Town is teasing a new free mint called "Chapter 64," available "only for the worthy" as their 1-year anniversary approaches. This adds an exciting layer of exclusivity to their already popular NFT collection. - Get in Early

  • Meebits introduced Living PFPs and Moods for their 2nd birthday. Holders can now customize their PFP without changing the Metadata - Learn More 

  • Sports Illustrated Tickets and ConsenSys have teamed up to create Box Office, a blockchain-based ticketing solution that lets hosts and performers rake in a portion of resale revenue while still offering up to 50% lower prices than the competition. It's like getting front-row seats at a rock concert without having to break the bank, and everyone gets a piece of the pie. - Learn more

  • Sotheby's joins the NFT game with a new marketplace, now available on Ethereum and Polygon. Plus, they're keeping up with the competition by matching OpenSea's 2.5% marketplace fee. - Read more

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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