Welcome again to Chain Reaction.
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The digital asset house continues to be trucking alongside, whereas there have been some huge headlines, the week was arguably rather less chaotic (for now). Check out what caught our consideration under.
This week in web3
- A bitcoin spot ETF may open the floodgates for wider crypto demand
- Web3 gaming adoption is skewing towards Asia, and the remainder of the world could should play catch-up
- CoinDesk to chop staffing forward of potential sale
- Former FTX CEO Sam Bankman-Fried’s bail revoked forward of October trial
- Worldcoin ignored preliminary order to cease iris scans in Kenya, information present
The newest pod
For this week’s episode, Jacquelyn talks with Eric Balchunas, senior ETF analyst at Bloomberg, alongside Ztoog+ editor-in-chief Alex Wilhelm.
Balchunas is the writer of “The Institutional ETF Toolbox” and “The Bogle Effect.” He additionally co-hosts Bloomberg’s Trillions podcast and ETF IQ present.
Spot bitcoin change traded funds, or ETFs, have been a scorching subject in the crypto neighborhood for a few years, however have not too long ago gotten extra consideration as a result of Jacobi Asset Management itemizing Europe’s first bitcoin spot ETF virtually two years after its preliminary approval. Meanwhile, the U.S. Securities and Exchange Commission not too long ago delayed deadlines for bitcoin spot ETF functions.
We dive into what’s occurring with the bitcoin spot ETFs in the U.S., why it issues and the percentages of the SEC approving one in the close to future. We additionally discuss Europe’s first bitcoin spot ETF, how these funding automobiles in common may impression crypto exchanges’ buying and selling volumes and what else is in retailer for them.
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Follow the cash
- BitGo raised $100 million in its Series C spherical at $1.75 billion valuation
- Chain-agnostic platform ZetaChain raised $27 million to enhance cross-chain interoperability
- Web3 digital world platform ZTX raised $13 million in spherical led by Jump Crypto
- Decentralized inventory buying and selling platform Dinari raised $7.5 million in a seed spherical
- Advertisement-focused web3 startup HypeLab raised $4 million
This record was compiled with info from Messari in addition to Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- The tech jobs market is as robust because it ever was
- 7 VCs clarify why the creator economic system nonetheless has legs
- The pre-seed market is recovering, however buyers more and more have the higher hand
- It’s by no means too late to align product-market match metrics together with your firm’s values
- The startup panorama has shifted dramatically: Accelerators should adapt or fade away
Follow me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.