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  • 12/11/23: Rugged To The Moon ๐ŸŽ™๏ธ๐Ÿ“ˆ๐Ÿ‘€

12/11/23: Rugged To The Moon ๐ŸŽ™๏ธ๐Ÿ“ˆ๐Ÿ‘€

Top News

  1. Decrypt merges with Rug Radio to form mega web3 media company

  2. VanEck's proposed spot BTC ETF gets 'HODL' ticker

  3. Google to start allowing crypto advertisements on Jan. 29th

โŒโ—ช-โ—ช โ†’ You love to see it. What started off as a couple of degens on Twitter Spaces, has evolved into a leading web3 media company. Attention is the new digital oil, and Rug Radio has a phenomenal job capturing the attention of new and seasoned crypto users. Iโ€™m excited to see what ad-tech experiments/innovations Rug Radio + Decrypt dish up. Also, the Rug Radio house was pretty epic.

โŒโ—ช-โ—ช โ†’ Seeing a leading TradFi institution like VanEck pay homage to crypto culture by selecting โ€˜HODLโ€™ as the ticker for their upcoming Bitcoin ETF is proof that crypto culture has penetrated mainstream finance. I guess somebody at VanEck has been reading Specs and followed our advice on securing the ultimate Bitcoin ETF ticker.

โŒโ—ช-โ—ช โ†’ Google has officially reversed their ban on crypto ads and will start allowing cryptocurrency coin trusts (ex. Grayscale) to advertise their products to the masses.

This might not seem like a big deal, but it is, as Google Ads will likely expand to other product and more importantly, inspire other advertising companies to start allowing crypto ads. Sheepish proliferation.

While this is definitely bulllish for crypto, it does presents an opportunity for scammers to drain wallets en masse - which means Google Ads needs to fully vet their customers.

Peripheral Vision

โ›“๏ธ Crypto & DeFi

  • Uniswap is now available on Bitcoin sidechain Rootstock

  • Uranium Finance hacker may have used Magic cards to cash out

  • Compound DAO fails to approve $125k bug bounty proposal

  • Polygon to demo next-gen ZK product on Dec. 14th

๐Ÿฆ Wallstreet & VC

  • M&G Investments leads $30 million raise for GFO-X

  • Ark Investโ€™s Coinbase selling spree exceeded $100 million last week

  • C1 Fund looks to buy secondary shares in Animoca at an 80% discount

  • Nonco raises $10M seed round led by Valor Capital & Hack VC

๐Ÿ›๏ธ Legal & Regulatory

  • Judge gives SEC another week to explain alleged 'misrepresentations'

  • Tether freezes 161 OFAC-sanctioned wallets

  • Crypto provisions dropped from 2023 U.S. defense bill

๐ŸŒŽ Rest of the World

  • USA, South Korea, & Japan meet to discuss North Korean crypto thefts

  • Conio teams up with Coinbase to bring crypto to Italian Banks

๐Ÿ–ผ๏ธ NFTs & Metaverse

  • Pudgy Penguins reveals trailer for 'Pudgy World' Web3 game

  • Amazon Prime launches NFT game called โ€˜Champions Ascensionโ€™