Weekly Web3 Recap: Gensler OUT, ATHs IN 🫡

Bonus: Top 3 in Mainstream + Deal Flow Friday

November 22, 2024

In partnership with

GM Builders. 🚧 

Welcome back to the BW3 newsletter! Today’s read is for all those Friday night builders still trying to find product market fit like a fish trying to find the water 😂 

Here’s the line up today:

  • Weekly Web3 Recap 🗓️ 

  • Top 3 in Mainstream 📰 

  • Deal Flow Friday 🤑 

  • Meme City 🌇 

BUT FIRST, take a peak at this pretty please 👇️ 

New Decentraland desktop client for Mac and Windows

  • Enhanced avatars and social interactions

  • Improved performance and upgraded environments

  • New features: badges, daily quests, and mini-games

WEEKLY WEB3 RECAP 🗓️ 

This week, the Web3 universe has been a whirlwind of price action, political intrigue, and institutional FOMO.

Let’s break it down:

  • BITCOIN HITS $98K 🚀
    Bitcoin’s been on a rocket ride, smashing past $98,000. What’s driving it? ETF inflows, a Trump-powered pro-crypto sentiment, and institutional heavyweights piling in. It’s the digital gold rush 2.0, and this time, everyone’s watching.

  • MICROSTRATEGY DOUBLES DOWN 💰
    Michael Saylor’s Bitcoin war chest keeps growing. MicroStrategy closed a $2.6B convertible note deal, with Allianz snatching up a big slice. Translation? Institutions are taking Bitcoin seriously, and MicroStrategy’s stock is reaping the rewards.

  • GENSLER OUT, CRYPTO IN? 🔄
    In a plot twist worthy of a Netflix drama, SEC Chair Gary Gensler announced his resignation. Speculation is rife about a more crypto-friendly regulator stepping in. Meanwhile, Commissioner Jaime Lizárraga is also packing up. Could this signal a new era of lighter-touch regulation?

  • SOLANA STEALS THE SHOW 🟡
    Solana is flexing hard, breaking past $240 and cementing its spot as this year’s crypto MVP. The Ethereum rival has been on a tear, and investors are loving the ride.

  • POLITICAL RIPPLE EFFECTS 🗳️
    Trump’s win isn’t just shaking up D.C.; it’s pumping the crypto market. Pro-crypto appointments are being speculated on (Howard Lutnick for Commerce Secretary?), and the vibes are bullish across the board.

  • ETF CRAZE CONTINUES 📈
    Bitcoin ETFs are the gift that keeps on giving, with inflows helping fuel Bitcoin’s meteoric rise. The market is clearly hungry for institutional-grade crypto products and options trading made its splash this week.

  • TOTAL CRYPTO MARKET CAP HITS NEW PEAK 🌌
    The combined market cap of all cryptocurrencies has hit an all-time high. From Solana’s rally to Bitcoin’s dominance, the entire ecosystem is thriving.

This week felt like a prelude to a crypto-powered 2025…

Markets are buzzing, institutions are piling in, and regulatory winds seem to be shifting.

As Bitcoin eyes $100K and Solana leads the altcoin pack, one thing’s clear: the future is Web3, and it’s happening now.

TOP 3 IN MAINSTREAM THIS WEEK 📰 

1. SEC's 'Dealer' Definition Defeat ⚖️
The U.S. Securities and Exchange Commission (SEC) got lassoed by a Texas federal court ruling, rejecting its new "dealer" definition that roped crypto entities into its jurisdiction. The court declared the move "untethered" to U.S. securities laws, marking a significant setback for the regulator's crypto crackdown. A win for the crypto space—but the rodeo isn’t over yet.

2. Miners Find New Gold: AI Hosting 🖥️
Crypto miners are diversifying faster than a portfolio in a bear market, pivoting to AI hosting services. As Bitcoin's halvings tighten profit margins, miners are leveraging their infrastructure to host AI workloads, creating more stable cash flows. The AI hosting game might just be the safety net they’ve been mining for.

3. $749M Bitcoin Treasure Hunt 💰
James Howells, the infamous Bitcoin miner who accidentally tossed a hard drive containing 8,000 BTC, is back in court. He's suing Newport City Council in a bid to excavate the landfill where his fortune is buried. Spoiler: the council still isn’t budging. The crypto community is glued to this modern-day treasure hunt, with dreams of a digital jackpot.

DEAL FLOW FRIDAY 🤑 

1. Canaan Creative

  • Round: Unknown

  • Raised: $30M

  • Category: AI, Infrastructure, Web3

  • Investors: Crypto.com
    📡 The mining giant is pivoting hard into Web3 infrastructure and AI integration, with plans to reshape how mining farms operate globally.

2. Monkey Tilt

  • Round: Series A

  • Raised: $30M

  • Category: Gambling & Betting, Gaming, P2E

  • Investors: Pantera, Hack VC, Polychain
    🎮 High-stakes gaming meets play-to-earn—Monkey Tilt is swinging its way to disrupting betting in the crypto gaming space.

3. Deblock

  • Round: Seed

  • Raised: $16.81M

  • Category: Payment, Wallet

  • Investors: Headline, Hoxton Ventures, 20VC
    🛠️ Building the “Stripe for Web3,” Deblock wants to simplify payments and wallets for next-gen decentralized apps.

4. Noble (FRNZ)

  • Round: Series A

  • Raised: $15M

  • Category: Cosmos Ecosystem, Infrastructure

  • Investors: Paradigm, Polychain Capital, Foresight Ventures
    🌌 Aims to strengthen the Cosmos ecosystem’s interchain infrastructure, bridging gaps between blockchains and providing scalability solutions.

5. Bitfinity (BTF)

  • Round: Unknown

  • Raised: $12M

  • Category: Bitcoin Ecosystem, L2, Smart Contract Platform

  • Investors: Polychain Capital, ParaFi, Draft Ventures
    ⛓️ Leveling up Bitcoin smart contracts with seamless Layer-2 scalability for institutional-grade performance.

Deals are hot this week, with projects spanning infrastructure, gaming, and payments. Who’s ready to stack some crypto chips? 🚀

MEME CITY 🏙️ 


Until Next Time Builders! 🏗️ 

Keep your moves grooving and your hooves hooving 🐴 

ONE LAST THING 🤌 Please share this with your friends! Even just one share + new sub helps us grow and deliver better content to you 🫡