Weekly Web3 Gems | CW 17 [2023]

Whats Up in Web3?

?? Coinbase Files Lawsuit Against SEC Due to Regulatory Silence

Coinbase takes legal action against the U.S. Securities and Exchange Commission (SEC) as the regulator remains unresponsive to the company's requests for a formal review of their lending product. The crypto exchange aims to obtain regulatory clarity and calls for more transparency from the federal agency. Read More

?? Yuga Labs Triumphs in Trademark Dispute Over Bored Ape NFTs

Bored Ape NFT creator, Yuga Labs, wins a trademark case against a copycat. The victory establishes the importance of intellectual property protection within the NFT space and sets a precedent for future disputes. Read More

?? Solana Ecosystem Introduces Cross-Network NFT Marketplace, xNFT

Solana unveils xNFT, a cross-network NFT marketplace that aims to bridge various blockchains and enable seamless NFT trading across different platforms. This innovation will increase interoperability and strengthen the Solana ecosystem. Read More

?? PUBG Creator Plans NFT Metaverse Game Launch This Year

The creator of popular game PUBG announces plans to launch an NFT-based metaverse game within the year, capitalizing on the growing demand for blockchain-enabled gaming experiences. Read More

?? Telegram Wallet Users Can Now Purchase, Withdraw, and Exchange Bitcoin

Telegram adds new functionality to its wallet, allowing users to buy, withdraw, and exchange Bitcoin. This move marks an important step in the integration of cryptocurrencies into mainstream messaging platforms. Read More

???? Hong Kong Crypto Bank Accounts Under Scrutiny

Hong Kong authorities are increasing scrutiny on crypto bank accounts, leading to a surge in account closures and a chilling effect on the local crypto industry. Read More

?? CFTC Shuts Down Bitcoin Scam Mirror Trading International

The Commodity Futures Trading Commission (CFTC) cracks down on Mirror Trading International, a notorious Bitcoin scam, emphasizing the need for greater regulation in the crypto space. Read More

Fundings Of The Week

• Animoca Brands Invests in TinyTap to Boost Education Sector Read More
• Thetanuts Finance Secures $17 Million in Institutional Funding Round as Expansion Looms. Read More
• Standard Chartered's Zodia Custody Raises $36M in Series A Funding Read More

Articles Of The Week

1) "Exploring Illuvium: A Deep Dive into the Project", by The Blockbrain

This comprehensive analysis of the Illuvium project by The Blockbrain offers valuable insights into the game's mechanics, tokenomics, and potential for success in the blockchain gaming space.

2) "How Web3 Can Counter Issues Raised by AI", by CoinDesk

This article explores the potential for Web3 to serve as a trust layer that addresses the challenges and concerns posed by the increasing integration of artificial intelligence in our lives.

Podcasts Of The Week

2) "Why Coinbase Is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer", by Bankless

In this episode, Paul Grewal, Chief Legal Officer of Coinbase, discusses the reasons behind the company's lawsuit against the SEC and the broader implications of the case for the crypto industry.

2) "The Future of Web3: How the Next Generation of the Internet Will Change Everything", by Blockworks

This podcast delves into the rapidly evolving world of Web3, exploring its potential to transform industries, create new opportunities, and revolutionize the internet as we know it.

Happy weekend everyone!