Here are the top web3 stories from this week.
Government Actions and Lawsuits
⚖️ Collapsed Thoedex Crypto exchange leader gets 11,000 year prison sentence in Turkey for $2Bn failure. Another FTX exec pleads guilty. The CFTC charges three DeFi groups with AML violations. Bankrupt DeFi lender Genesis sues its parent Digital Currency Group for $600MM on behalf of creditors. Gala Games CEO sues co-founder for $130MM alleging theft. U.S. court dismisses charges against Uniswap. Crypto casino Stake hit with $40MM exploit.
Coinbase Continues to Make News
🚀 Coinbase CEO Brian Armstrong shares 10 Crypto ideas he would love to see someone build, and the company launched an institutional lending service. Visa supporting stablecoins for settlement. Google to allow ads for NFT games. Lufthansa announces NFT loyalty program, and Casio is bringing NFT watch collection. Crocs is collaborating with NFT project Doodles. Ripple grows with Fortress Trust acquisition.
Crypto VC Funding Bounces Back
💰 Cronos Labs announces $100MM accelerator, and a new accelerator is coming from Brinc and Cointelegraph. Additionally, Argent and Starknet commit millions for Crypto startup studio. Blockchain AI startup Story raised $54MM. Alpha Protocol Ventures launches $20MM web3 gaming fund. Decentralized exchange Brine Fi adds $16.5MM. Trident Digital groups gets $8MM for Crypto lending startup.
Atlanta Web3 Expo
September Event and Founder Opportunity
🗓️ W3 Studio has partnered with other leading Atlanta web3 organizations (Atlanta Blockchain Center, 404 DAO and Solidity ATL) on the Atlanta Web3 Expo event taking place on September 28th. You can register free to attend here. Also, web3 founders can apply by 9/13th for our pitch event and expo here.
Diversity in Tech
Stories of Diverse Founders, VCs, and Builders
💪🏽 A16Z introduces their new Talent x Opportunity cohort. A new report shows that women hold only 6% of leadership roles in the Crypto industry. Opportunity Hub announces their New Energy Tech Incubator. Spotlight on Atlanta’s Subsume center for diversity in gaming and tech. And a big thank you to Canvas Rebels for this interview with me about W3 Studio.
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