This edition of Cointelegraph’s VC Roundup highlights Monad, Auradine, Sapien, HYCHAIN, Web3Firewall and Alpen Labs.
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Nigeria’s Binance crackdown threatens Web3 industry
According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.
Blockchain fraud group shifts $1M to Blast for new schemes
This group has a history of launching numerous projects that attract significant TVL but later abscond with the funds.
Binance executive tracked to Kenya, extradition underway
The Nigerian government is collaborating with Interpol and Kenyan police to bring Arjarwalla back to Nigeria to face charges leveled against him.
Solana open interest sheds nearly $440M as price slumps 11%
Open Interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days.
Bitcoin's 'normal drop' leads to $256M longs liquidated — analysts
Traders anticipate further downside, with approximately $1.05 billion in short positions at risk if Bitcoin returns to its price from the previous day.
Altseason on the horizon, SEC targets Uniswap, and BTC halving news: Hodler’s Digest, April 7-13
Altcoin season is just around the corner, SEC pushing Uniswap to court and Bitcoin halving countdown.
Bitcoin nose dive as political tensions escalate in the Middle East
Bitcoin and other cryptocurrencies fall sharply following Iran's attack on Israel.
SEC breaks from past policy guidelines in Uniswap crackdown
The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins
Bitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.
GBTC sees $166M outflow despite CEO’s ‘equilibrium’ remark
On the other hand, inflows into Bitcoin ETFs have been minimal, indicating declining investor engagement.
What is restaking, and how to restake Ethereum to boost rewards?
Staking Ethereum refers to using staked Ether on the Ethereum network to support the security of other decentralized protocols at the same time.
Hollywood union deal with music giants guards against AI use
The proposed agreement with record labels mandates consent and compensation before releasing songs featuring digital replicas of artists’ voices.
Coinbase requests interlocutory appeal over SEC's 'controlling question'
Crypto exchange Coinbase argued that a question of law is controlling if its resolution could “significantly affect the conduct of the action.”
Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M BTC
The Winklevoss twins are on board with Bitcoin podcaster Peter McCormack's vision to take Real Bedford FC to the English Premier League.
Bitcoin price preps for new highs according to increasing stablecoin issuance data
Stablecoin market caps are rising, hinting that traders believe Bitcoin price will soon follow.
China has a Trojan Horse in US Bitcoin mining infrastructure
China holds an alarming amount of power over Bitcoin miners in the United States. Congress should act to scale back the country's influence.
'China is about to start bidding' — Will Hong Kong Bitcoin ETFs spark the halving rally?
Mega whales with over 10,000 BTC are accumulating ahead of Hong Kong’s approval of the first spot Bitcoin ETFs that could happen next week.
VeChain announces tokenized gloves in partnership with UFC — community responds
The new gloves will contain NFC chips that track fight data and provide blockchain evidence that they are genuine.
Crypto Biz: Tokenization spikes, SEC delays Bitcoin ETF options, and more
This week’s Crypto Biz explores the rise of tokenization markets, PayPal’s stablecoin, SushiSwap’s move to a “Labs model,” and the U.S. SEC’s decision to defer Bitcoin ETF options.