Top Web3 Headlines from This Week 10.20.2023

Brian Zwerner
2 min readOct 20, 2023

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Here are the top web3 stories from this week.

Legal

🧑‍⚖️ The judge in the SBF trial is getting fed up by lawyer antics. Get the trial updates here.

⚖️ The CFTC brings fraud charges against DeFi lender Voyager co-founder Stephen Ehrlich.

💼 A commodities advisor pleads guilty to a cherry-picking scheme involving crypto futures contracts.

📜 California Governor approves a cryptocurrency bill that enforces stricter regulations on businesses, set to begin in 2025.

🔐The Fantom Foundation gets hacked for over $550K worth of cryptocurrency.

Capital Raised

🚀 Untangled Finance secures $13.5Mn in funding to provide blockchain-based institutional-grade credit access.

🌐 DeFi protocol Elixir closes a $7.5Mn Series A fundraising round at a $100Mn valuation, designed to help it improve exchange liquidity.

💼 Solana-based multisig protocol Squads raises $5.7Mn in funding from investors including Multicoin and Placeholder.

🧠 MyShell, an opBNB-based platform that offers AI tools, raises $5.6Mn in a seed funding round.

🦉 Parsec, a crypto analytics firm, raises $4Mn in an investment round led by Uniswap billionaire Novogratz’s Galaxy Digital.

Products

🔐 ConsenSys acquires SMG, aimed to deliver state-of-the-art blockchain solutions.

🌐 BitGo acquires HeightZero, a crypto wealth management platform.

💼 MetaMask, a popular crypto wallet, returns to Apple’s App Store after briefly leaving the platform.

🚀 Forj introduces the ApeCoin community accelerator, offering opportunities for NFT enthusiasts to get involved in the space.

Diversity in Tech

🌟 Venture Access Alliance is launched by 70 investors, dedicated to making NYC’s startup ecosystem more inclusive.

💪🏽 Northwestern Mutual’s Black Founder Accelerator provides $100K in support to tech startups. Meet the latest cohort.

Special thanks to W3 Studio intern Yuna Lee for her work in preparing this week’s newsletter.

Our nonprofit W3 Studio is a 501c3 charitable organization. You can support us by donating or purchasing a digital membership pass here. Also, check out our list of pitch competitions, grant programs, and other founder resources here.

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