Crypto Roundup: Crypto.com Expands, Naver Launches Wallet, Bloomberg Partners with Polymarket, Alchemy Acquires Bware Labs

Our canary has brought some exciting developments from the crypto world today. Crypto.com is expanding their global reach by partnering with Standard Chartered to offer fiat deposits and withdrawals. South Korea's internet giant Naver is dipping its toes into crypto with a new wallet launched in collaboration with Chiliz. Financial powerhouse Bloomberg is showing interest in crypto with a potential partnership with Polymarket. Finally, Alchemy, a blockchain development platform, has acquired Bware Labs.

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Meme of the Day

Market Movements - 30 Aug 2024

The crypto market witnessed a broader downward movement on Friday. Bitcoin was down by -0.90% to $59,595.80, while Ethereum dipped by -1.45% to $2,522.94. BNB declined by -0.64% to $540.42, and Solana was down by -3.91% to $139.84.

Among altcoins, Tron was slightly up by +0.02% to $0.160, while Toncoin declined by -3.32% to $5.40. Cardano also dipped by -3.05% to $0.351, and Avalanche was in red by -1.19% to $23.28.

Movers and Shakers

In the last 24 hours, the top gainers included beam (+5.26%), Gala (+4.37%), and Flare (+4.30%). The top losers included FLOKI (-18.11%), Kalytyn (-10.29%), and Popcat (-10.41%).

Project Updates

1. Tixbase, a blockchain ticketing platform, has partnered with Passo, a Turkish event ticketing firm. This collaboration aims to bring Passo's ticketing services to the Avalanche blockchain.

   Read more here

2. Jito, a DeFi platform, has joined forces with Fragmetric to launch fragSOL, marking Solana's first native liquid restaking token.

   Read more here

3. Swan Bitcoin has collaborated with Equity Trust Company, a custodian specializing in self-directed IRAs, to simplify the process of investing in Bitcoin through IRAs.

   Read more here

4. Sony's Ethereum L2 solution, Soneium, partners with Transak to streamline global user onboarding through a variety of fiat-to-crypto payment options.

   Read more here

5. Frax Finance, a decentralized stablecoin protocol, has launched a new domain name service called FNS. FNS is built on the ENS and allows users to register domain names using the FXS token.

   Read more here

Hall of Fame, Hall of Shame

Court Dismisses Dogecoin Lawsuit

A U.S. court dismissed a high-profile lawsuit seeking $258 billion in damages from Elon Musk. The lawsuit alleged that Musk manipulated Dogecoin prices through his social media activity. The judge dismissed the claims, finding no concrete evidence of market manipulation.

Read more here

South Korea Arrests Crypto Scammer

A South Korean crypto scammer who allegedly defrauded investors of $12 million reportedly underwent plastic surgery in an attempt to evade authorities. Following a ten-month investigation, law enforcement successfully arrested the suspect.

Read more here

What moved in the Crypto World Today

Crypto.com Expands Fiat Services with Standard Chartered

Crypto.com expands global fiat services by partnering with Standard Chartered to enable USD, EUR, and AED deposits and withdrawals through their Dubai hub.

Read more here

Naver Launches Crypto Wallet with Chiliz

South Korean internet giant Naver launched its first crypto wallet, Naver Pay Wallet, partnering with Chiliz, a blockchain platform focusing on sports and entertainment.

Read more here

Bloomberg to Onboard Polymarket Data

Bloomberg is partnering with Polymarket, a crypto prediction platform, to potentially integrate Polymarket's election data into their financial products and services.

Read more here

Alchemy Acquires Bware Labs

Blockchain development platform Alchemy strengthens its global presence by acquiring Bware Labs, a Romanian Web3 infrastructure firm.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Stablecoin protocol powered by restaked dollar tokens, Level Protocol (Peregrine Exploration Inc.) raised $3.60M in a funding round led by Dragonfly Capital, and Polychain Capital.

   Read more here

2. Multichain infrastructure project, Edge Matrix Chain raised $20M in a funding round led by Amber Group, and P2 Ventures.

   Read more here

3. Proof-of-Work Layer-1, Quai Network raised $5M in a Strategic funding round from Cogitent Ventures, MH Ventures, TPC Ventures, and Giga Chad Ventures.

   Read more here

4. Blockchain for games, Oasys received undisclosed funding from SBI Holdings.

   Read more here

5. Telegram-based tap-to-earn game, SnakeLite raised $4M in a Seed funding round led by Redpoint.

   Read more here

Whale Movements

1. Wallet 0x57c (linked to Ether.fi) deposited 1.48M ETHFI ($2.01M) to Binance. Txn details here

2. Vitalik Buterin transferred 800 ETH ($2.01M) to the multisign 0xfeb. Txn details here

3. Whale 3LcCJ withdrew 99.9 BTC ($5.93M) from Binance. Txn detail here

Today’s Token Unlocks

Worldcoin (WLD) - $7.59M
Echelon Prime (PRIME) - $5.76M
Undeads Games (LIT) - $4.55M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@FranklinBi introduces @PanteraCapital's Proof of Work:

@VitalikButerin's views on kind of applications he wants to see:

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