4th Bitcoin Halving Completed ✅

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💵 Weekly Crypto Fundraises & Deals

Here are all the crypto fundraises we heard about this week, ranked by size…

1. Centrifuge, building an institutional-grade, decentralized finance lending market for RWAs has raised $15M in Series A funding, led by ParaFi Capital and Greenfield

2. Shiba Inu, developing its new privacy-focused Layer 3 blockchain has raised $12M via the TREAT token, led by Polygon Ventures

3. Thruster, Blast-based decentralized exchange protocol, has raised $7.5M in a seed funding round, led by Pantera Capital

4. Usual Labs, a startup building out the USD0 stablecoin ecosystem, raised $7M in funding, led by IOSG Ventures

5. Only1,  create an OnlyFans-type adult content platform on Solana,$4.8M in a seed funding round, led by Newman Group

🗞️ Crypto News Recap: The Top 5 Stories

Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week… 

1. 🚀 Bitcoin’s average transaction fee comes down after reaching record high amid Runes rollout: The average transaction fee on Bitcoin fell on Sunday after it surged to a record high the day prior, following the network’s fourth halving.

   

2. 🚀 Bitcoin bulls may have to wait at least two months for halving's impact, analysts say: The spot price of bitcoin has posted an 8% increase since the fourth halving was completed on Saturday, April 19. According to analysts at QCP Capital, investors may have to wait around two or three months for the bitcoin halving's supply constraint to impact the market.

3. ⚖️ SEC lawyers resign after judge blasts agency for 'abuse' of power in crypto fraud trial:The SEC was planning to fire the two lawyers if they didn't step down, the report also said. A federal district court judge in Utah had criticized the SEC attorneys, saying their case was "marred by false statements and misrepresentations."

   

4. ⚖️ Pro-crypto lawyer John Deaton files to appear as counsel in the SEC's case against Coinbase: John Deaton, an attorney whose cryptocurrency advocacy is part of his bid to unseat Elizabeth Warren in the U.S. Senate, is now asking to lend a hand to Coinbase customers in the exchange's ongoing lawsuit with the Securities and Exchange Commission. 

   

5. ⚖️ Crypto.com denies reports that South Korean regulator is delaying local unit leadership change: Crypto.com has denied a local media report that said the firm might have encountered a roadblock in entering the South Korean crypto market, as the local financial regulator could be deferring the approval of a local entity's transition of executive leadership.

   

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