Transferring on from SBF trial with Circle IPO rumors, a large new crypto fund and sanctions

Welcome again to Chain Response.

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This week in web3

1. Stablecoin firm Circle going public makes good sense (TC+)
2. Faction launches $285M early-stage crypto fund
3. LG’s IT arm faucets Tiger International-backed QuickNode for web3 pursuit
4. a16z backs London-based crypto startup Pimlico because it ramps up UK focus
5. US sanctions Russian accused of laundering Ryuk ransomware funds

The newest pod

For this week’s episode, Jacquelyn interviewed Brendan Quigley, companion at Baker Botts regulation agency.

Quigley is a former U.S. Marine, now lawyer who represents shoppers on issues associated to white-collar authorities investigations and industrial disputes.

Beforehand, he was a federal prosecutor as an assistant U.S lawyer within the U.S. Lawyer’s Workplace for the Southern District of New York, which we name SDNY. If that rings a bell it’s as a result of certainly one of our earlier visitors, Josh Naftalis, additionally had that function.

Brendan has tried greater than 12 circumstances that have been delivered to verdicts and was a senior member of the Workplace’s Securities and Commodities Fraud Unit.

We talked about SBF’s verdict and future sentencing in addition to how his March 2024 trial for added costs will pan out.

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 overview in the event you like what you hear!

Observe the cash

1. Stackr raised $5 million in seed spherical to assist builders construct scalable web3 apps
2. Crypto and AI-focused Ritual comes out of stealth with $25 million in financing led by Archetype
3. StablR raised $3.5 million to construct out its euro-backed stablecoin startup
4. NFT shopping platform Authentick raised $4 million in seed spherical
5. Llama raised $6 million to assist enhance crypto protocols and sensible contracts

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

What else we’re writing

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

1. With the facility of AI, you could be mediocre, too (TC+)
2. Safe messaging app Sign strikes a step nearer to launching usernames
3. Robotics funding noticed one other dip in 2023
4. Klarna is inching towards an IPO, and it’s not the one one (TC+)
5. New pre-seed funds are popping up in all places (TC+)

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