Ethereum's L2 Boom, DeFi Regulation in Europe, and BlackRock's Crypto Holdings🚨🚀
A Deep Dive into Ethereum's Layer 2 Expansion, Implications of DeFi Regulation in Europe, and Insights into Institutional Involvement: Unveiling the Latest Trends in Crypto and Blockchain.
Hello OGssss! 🙌🏻
Welcome to the 43rd edition of our Newsletter! 🎉
We trust you’ve been killing this bull run. 🥳
So, without further ado, let’s explore the latest in the world of Web3 over the past week.✅
Former OneCoin Legal Head Sentenced to 4 Years in Jail🚓
Irina Dilkinska, former legal head for OneCoin, receives a four-year prison term for money laundering involvement. The scheme, founded in 2014, promised investors guaranteed returns through a bogus cryptocurrency. Despite Dilkinska's plea for leniency, Judge Edgardo Ramos emphasized her awareness of the scheme's consequences. 😳
Funding Frenzy💰
Lumoz (formerly Opside), a blockchain scaling infrastructure project that helps developers launch zk-rollups, has raised a pre-Series A funding round at a $120 million valuation.
QuantAMM is a decentralized exchange that delivers top-tier on-chain liquidity. It raised $1.85M from Long Hash Ventures, 8VC, Chainlink, and others.
Spotlight is an innovative on-chain playground that fosters attention around emerging culture through gamification, raised $2M from Folius Ventures.
Promotional Post:
⚡️NFTFN :: The Vanguard of Decentralized Perpetual Trading ⚡️
Go beyond traditional trading.
Trade exotic perpetuals on NFTs, Ordinals, and even Real-World Assets (RWAs) - all on a single platform.
Break down the walls between DeFi and NFTs, and seamlessly leverage the power of both the #Bitcoin blockchain and the popular BRC-20 ecosystem.
Shape the Future of NFT & DeFi
Exploring DeFi Regulation in Europe🌍
The European Commission is evaluating DeFi protocols under MICA framework, exploring regulation feasibility by December 30, 2024. 🚨
Despite regulatory uncertainties, DeFi sees significant growth, with TVL soaring over four years. Stakeholders must navigate complexities for innovation and compliance. Understanding regulatory impact is crucial for DeFi's future.💸
🌎Web3 WONDERS 🤯
Startup Spotlight 🔦
GT Protocol Trading: A Web3 AI tech for conversational AI via CeFi, DeFi, and NFT markets. AI deal execution interface Automated AI trading In-depth market analysis (off-chain/on-chain) AI trading signals AI arbitrage Portfolio and NFT management.
People to know 👥
Tang Hongbo, co-founder of DeBank, is a prominent figure in the blockchain industry. He is recognized for his pioneering work in developing comprehensive DeFi and cryptocurrency portfolio tracking solutions. His vision for DeBank has been instrumental in shaping the platform's user-centric approach to enhancing the accessibility and transparency of the DeFi space.
Tech Talk 🎙️
Bankless Podcast: The latest bankless podcast where they discuss Airdrop Week, Base Szn, & The DeFi Wars.
Ethereum's L2 Networks: $1 Trillion Market📈
VanEck analysts foresee Ethereum's layer 2 scaling networks reaching a $1 trillion market cap within six years. These networks aim to overcome Ethereum's scalability challenge, with 46 L2s currently holding $39 billion in total value locked. Ethereum's recent Dencun update aims to enhance L2 transaction efficiency. 🤯
While L2 revenues are expected to exceed Ethereum's, intense competition may dampen long-term token values. The future envisions thousands of specialized L2s alongside a few major players dominating the market. The adoption of the zero-knowledge framework (ZKU) is anticipated to be widespread.✅
NFT Drops ☔️
Fancy Girls Web3: Fancy Girls Web3 is a futuristic NFT brand featuring 10,000 avatars for the Metaverse. By owning a Fancy Girl, you can build your own NFT brand and product and gain exclusive access to our future products and Metaverse.
Panachik: Launching 9th April 2024 exclusively on Base. 10,000 NFTs designed in 3D by michalprekop . 200 traits, random combinations.
Rug Lords: The second gen collection from Ordinal Rugs is upon us, bringing to life a unique set of characters that embody the spirit of legendary rug merchants alongside infamous crypto icons behind the biggest 'rugs' of all time.
Berries 🍇: In the Kometverse, Berries are more than just loyalty points
they're your currency to make YOUR money, make YOU money
Earn berries through in-app activities, and watch your wealth grow!
🎟️Events
Attend OG Mixer Dubai by your OG Club with KOMET x BYIT Web3
🗓️: 18 April
Attend OG Founder Mixer Dubai by OG Club with CoinDCX x Okto
🗓️: 19 April
Attend How To DAO Dubai by RAK DAO, Bybit and New Tribe Capital
🗓️: 20 April
📢 OG Shots:
BitBoy Crypto declares Cardano dead; ADA founder responds with class
Bitcoin ETFs See 4-Day Inflow Surge as Investor Appetite Grows
"Your limitation—it's only your imagination. Push yourself, because no one else is going to do it for you."
Stay connected with us on Twitter @OGclubDAO and join our Telegram channel for the latest updates. We value your feedback, so feel free to contact us at community@ogclubdao.com.