Bitcoin spot ETFs warmth up, SBF’s bail revoked and web3 gaming adoption grows in Asia

Welcome again to Chain Response.

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The digital asset house remains to be trucking alongside, whereas there have been some huge headlines, the week was arguably rather less chaotic (for now). Try what caught our consideration beneath.

This week in web3

1. A bitcoin spot ETF might open the floodgates for wider crypto demand
2. Web3 gaming adoption is skewing towards Asia, and the remainder of the world could should play catch-up
3. CoinDesk to chop staffing forward of potential sale
4. Former FTX CEO Sam Bankman-Fried’s bail revoked forward of October trial
5. Worldcoin ignored preliminary order to cease iris scans in Kenya, information present

The most recent pod

For this week’s episode, Jacquelyn talks with Eric Balchunas, senior ETF analyst at Bloomberg, alongside starcrypto+ editor-in-chief Alex Wilhelm.

Balchunas is the creator of “The Institutional ETF Toolbox” and “The Bogle Impact.” He additionally co-hosts Bloomberg’s Trillions podcast and ETF IQ present.

Spot bitcoin trade traded funds, or ETFs, have been a sizzling matter within the crypto neighborhood for a few years, however have lately gotten extra consideration because of Jacobi Asset Administration itemizing Europe’s first bitcoin spot ETF nearly two years after its preliminary approval. In the meantime, the U.S. Securities and Change Fee lately delayed deadlines for bitcoin spot ETF purposes.

We dive into what’s occurring with the bitcoin spot ETFs within the U.S., why it issues and the chances of the SEC approving one within the close to future. We additionally discuss Europe’s first bitcoin spot ETF, how these funding automobiles on the whole might impression crypto exchanges’ buying and selling volumes and what else is in retailer for them.

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest episodes, and please depart us a evaluation in the event you like what you hear!

Comply with the cash

1. BitGo raised $100 million in its Collection C spherical at $1.75 billion valuation
2. Chain-agnostic platform ZetaChain raised $27 million to enhance cross-chain interoperability
3. Web3 digital world platform ZTX raised $13 million in spherical led by Bounce Crypto
4. Decentralized inventory buying and selling platform Dinari raised $7.5 million in a seed spherical
5. Commercial-focused web3 startup HypeLab raised $4 million

This checklist was compiled with data from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed here are some articles on starcrypto that caught our consideration this week.

1. The tech jobs market is as robust because it ever was
2. 7 VCs clarify why the creator economic system nonetheless has legs
3. The pre-seed market is recovering, however traders more and more have the higher hand
4. It’s by no means too late to align product-market match metrics along with your firm’s values
5. The startup panorama has shifted dramatically: Accelerators should adapt or fade away

Comply with me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.