Top Web3 Headlines from This Week 11.03.2023

Brian Zwerner
2 min readNov 3, 2023

Here are the top web3 stories from this week.

SBF Guilty

๐Ÿ‘ค Sam Bankman-Fried was found guilty on all 7 charges brought against him. The jury deliberated for only 6 hours. Sentencing is set for March. Get more coverage on the trial arguments and SBFโ€™s testimony.

Legal

๐Ÿ›๏ธ Gemini sued Gemini for $1.6Bn and control of their Greyscale Bitcoin ETF product.

โš–๏ธThe DoJ arrests the execs of SafeMoon with fraud charges.

๐Ÿ’ผ The SEC has subpoenaed PayPal for information on their stablecoin plans.

๐Ÿค– Hackers drain $2.1Mn from Onyx DeFi protocol.

Capital Raised

๐Ÿ•น๏ธ Saudi Arabia entity to invest up to $50Mn in web3 gaming leader Animoca Brands.

๐Ÿ“ˆWeb3 Pro, a SaaS marketing platform, added $10Mn at a $57MM valuation for growth.

๐ŸŽฎ Blockchain gaming startup Moonveil Entertainment receives a $5.4Mn funding.

Products

๐ŸŒ Coinbase goes live with Crypto futures traders for U.S. individual investors.

๐Ÿš€ Solana Labs launches an incubator for startups building on their blockchain.

๐Ÿค Animoca Brands acquires Azarus web3 gaming livestream startup.

Diversity in Tech

๐ŸŽ“ Nex Cubed and HBCUvc partner on new venture scout program.

๐Ÿค Goodie Nation and Lenovo partner on CPG and brick & mortar startup grant program.

๐Ÿ€ The Atlanta Hawks will host diverse founders for a Pull Up and Pitch event on Nov 11th.

๐Ÿ“บ Check out this video highlighting the work W3 Studio is doing to support diverse founders in Atlanta.

Special thanks to W3 Studio intern Yuna Lee for her work in preparing this weekโ€™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.

Follow me on LinkedIn for more frequent updates on web3.

*Thank you for reading this post. If you would like this directly to your Inbox weekly, please subscribe. I would also really appreciate it if you could share this post with someone who is interested in learning about Crypto and web3.*

--

--