News
Coinbase is funding a lawsuit by six individuals (two CB employees) against the US Treasury Department & OFAC’s novel sanctions of open source software associated with Tornado Cash (Link)
Mysten Labs, creator of the Sui blockchain, raises $300 million valued at over $2 billion (Link)
The CEO formerly ran R&D at Meta’s wallet, Novi, before shutting down
The NBA & the NBA Players association strike a deal with Sorare for a NFT fantasy game (Link)
The game will be free to play for anyone who’s at least 18 years old
Participants will create teams based on the NFTs/cards of individual players
Users will earn points based on how players perform in NBA games
Crypto-asset exchange, Binance will stop supporting USDC stablecoin (Link)
All USDC on the platform can be withdrawn by users or it will be auto-converted to BUSD (Binance stablecoin)
2022 mid-year Bitcoin mining update - Galaxy Digital Research (Link)
FTX Ventures buys a 30% stake in SkyBridge Capital (Link)
Skybridge is owned by Anthony Scaramucci & are large investors in Bitcoin & the crypto industry
Crypto firm, 21.co raises $25 million valued at $2 billion (Link)
21.co is the parent firm of exchange-traded products (ETP) provider 21Shares
21.co posted $650 million in net new assets between Sept/2021 & Sept/2022
Web3 game developer, Revolving Games raises $25 million (Link)
CleanSpark buys Mawson’s Georgia Bitcoin mining facility for $33 million (Link)