For a change, it’s mostly good news in crypto world

After a turbulent start to the summer, last week saw welcome developments around startup fundraising, BTC prices, and more

Photo by Ivan Radic via Flickr under Creative Commons 2.0 license

Re-sharing below the latest edition of #Web3 Weekly, my regular newsletter about decentralization. This installment covers July 18–24, 2021. If you’d like to get #Web3 Weekly in your inbox every Sunday, subscribe here.

Wowza, it was a crazy week. Some specifics to share:

  • FTX closed the largest crypto startup funding round ever. The exchange provider raised $900 million from a who’s who of more than 60 venture investors, placing the company’s total valuation at $18 billion.

That’s it for now. As ever, a quick disclaimer: This newsletter is intended for informational purposes only, not as investment advice. For the latter, please DYOR and consult appropriate financial professionals to make the most suitable choices for your particular needs.

Thanks for spending some time with the newsletter today! A full revision history of it, including earlier drafts, is available here if you’re interested. If you’d like to get updates like this in your inbox every Sunday, please join our email list here.

Head of Content & Writer Development at Capsule Social. Also publish the newsletter #Web3Weekly. Former reporter for WSJ, Washington Post, and Vice.