Welcome again to Chain Reaction.
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Another week in crypto means one other alternative for the U.S. Securities and Exchange Commission to go after crypto tasks. On Wednesday, the SEC charged long-term celeb couple Mila Kunis and Ashton Kutcher for allegedly providing their NFT-based net sequence “Stoner Cats” as unregistered securities. I really feel like I may make a joke right here, however it could in all probability be purr-ty cat-astrophic.
Separately, we’ve rolled out extra protection from Korea Blockchain Week and Telegram added a self-custodial crypto wallet globally (aside from, ahem, the U.S.), amongst different issues. More particulars under.
This week in web3
- USDC issuer Circle expands Asia focus in push to enter the area’s flourishing funds ecosystem (TC+)
- Mila Kunis and Ashton Kutcher’s ‘Stoner Cats’ NFTs get smoked by the SEC
- Institutional crypto adoption in Asia is rising because the US market stays a query mark (TC+)
- MobileCoin, which powers Signal’s nameless crypto funds, appoints new CEO
- Telegram adds self-custodial crypto wallet worldwide, excluding the US
- Coinbase ‘committed’ to India, however disables sign-ups amid regulatory roadblock
The newest pod
For this week’s episode, Jacquelyn is sharing a panel she moderated reside at Avalanche House, whereas she was in Seoul, South Korea for Korea Blockchain Week.
The panel targeted on the most important alternatives and challenges dealing with web3 enterprise and included the next audio system:
- Dan Sun, startup success supervisor for web3 APAC lead at Google Cloud
- Gagan Mac, head of product and senior director of web3 companies at Circle
- Johann Eid, chief enterprise officer at Chainlink Labs
- Lihan Lee, co-CEO and founding father of Xangle
We mentioned the state of web3 enterprise adoption in the present day in comparison with previous quarters and years and dove into the ripple results that catastrophic occasions from 2022 had on the area.
We additionally talked about:
- Regulatory scrutiny
- Next wave of enterprise adoption
- New web3 enterprise use instances
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Follow the cash
- 0xPass raises $1.8 million from Balaji Srinivasan and others to construct safe login programs for web3
- Brine Fi challenges Coinbase, Binance with decentralized alternate because it nets Pantera-led $16.5 million spherical
- NFT startup Rario founders to depart a yr after $120 million funding
- Thailand’s KBank launches $100 million fund targeted on AI, web3 and “deep tech”
- Blockchain infra startup Movement Labs raises $3.4 million in pre-seed spherical
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.
- Apple Event 2023: Everything it is advisable find out about iPhone 15, Apple Watch, USB-C connector
- OpenAI to open its first EU workplace because it readies for regulatory hurdles
- Microsoft reveals how hackers stole its electronic mail signing key… type of
- This startup has 12 co-founders (TC+)
- Here’s how we raised a Series B for our AI startup throughout a downturn (TC+)
Follow me on Twitter @Jacqmelinek for breaking crypto information, memes and more.