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This is your go-to newsletter, dedicated to the latest happenings in Web3 investment, ranging from acquisitions, partnerships, capital-raising activities, and real estate. We cover everyone from the most prominent players to the rising stars in the field, delivering insights right to your inbox Monday to Thursday. And yes, we sprinkle in a bit of legal commentary for good measure.

Let’s get it.

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🟨 Law News — SEC charges Binance and CEO CZ for numerous securities breaches.

The SEC has sued Binance, Binance.US, and CEO Changpeng Zhao for alleged securities law violations. These include the offer of unregistered BNB tokens and BUSD stablecoins, the illegal operation of staking services, and failure to register as a broker, a clearing agency, or an exchange. The SEC also alleges CZ of secretly controlling Binance.US, inflating trading volume through an entity he owns, and the commingling of funds.

According to 21Shares' Dune Analytics data, Binance faced $503 million in net outflows this Monday, with traders withdrawing over $1 billion in digital assets, versus $546 million in deposits. This is set to be the highest daily net outflow since mid-March.

🟨 International News

NEAR Protocal signed a strategic partnership with MARBLEX to accelerate market share in Korean Web3 Gaming Industry. It’s becoming the first ever to integrate with Netmarble's subsidiary MARBLEX 'WARP Bridge.'

Tether invests in El Salvador’s $1B renewable energy project.

BitCoin Wallet Centbee integrates Centi’s stablecoin to power remittances to Africa

Germany’s Deutsche Telekom plugs in as Polygon validator. As a validator, Deutsche Telekom MMS will perform various tasks, including running a full node, generating blocks, validating transactions, and contributing checkpoints to the Ethereum mainnet.

Saudi Arabia and South Korea Join Hands to Establish More Blockchain Gaming. Saudi Arabia is determined to maintain its global hub status by seizing business opportunities internationally. Wemade is set to contribute its valuable expertise. Notably, their partnership with Savvy Games' Nine66 focuses on empowering blockchain gamers through educational resources and bolstering regional events with adequate sponsorship and funding.

JPMorgan teams up with six Indian banks to build a blockchain-based platform.

🟨 Funds

IQ Capital Raises $400 Million for Deep Tech AI Firms.

Binance Labs Co-Leads $6.6M Seed Round for Fusionist. Singapore-based Web3 gaming DApp has raised $6.6m.

• CEO Profile: Ike T

Azteco has raised $6m in seed rounding. A Santa Monica company that provides vouchers for small amounts of BTC, has raised $6m in seed funding. Funding was led by Jack Dorsey with participation from Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels, David Van Der Weele, and Sunil Rajaraman.

• Co-founder Profile: Paul Ferguson (Twitter / LinkedIn)

🟨 Partnerships

Cathedra Bitcoin Inc. Announces Off-Grid Bitcoin Mining Partnership with 360 Mining.

JPMorgan Leverages Blockchain for Dollar Trades, cites strong Bitcoin demand.

Bybit Joins Dubai Multi Commodities (DMCC) as Ecosystem Partner to Accelerate Development and Mass Adoption of Crypto and Web3.

🟨 Lunch-Break Reads

10 Game-Changing Blockchain Supply Chain Management Startups Join Forces with SAP.iO Foundry New York!

Mooky.io Raises $750k in Record Time, Paving the Way for a New Era in Crypto.

Thanks for sharing your morning with us. Please invite your colleagues & friends to join.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.