Blockchain & Web3 Weekly Bytes Edition #22

SEC Ends Ethereum 2.0 Investigation, Kraken CEO on Biden's Crypto Stance, and Core's Latest

Jun 22, 2024

Hello Fellow Enthusiast,

Welcome to Edition #22 of the Blockchain & Web3 Weekly Bytes Newsletter! This week, I have some interesting updates and insights to share with you. Here's a preview:

Tech Spotlight: Tokenizing Real Estate – How blockchain is transforming property investment.
Week's Highlights: The SEC concludes its Ethereum 2.0 investigation, Kraken's CEO comments on Biden's softer approach to crypto, and VanEck's Australia debut.
Affiliate Spotlight: Top 5 Must-Read Bitcoin Books – Enhance your knowledge with these essential reads.
Digital Asset Spotlight: An in-depth look at Core (CORE) and its latest developments.
Chart of the Week: MicroStrategy acquires 11,931 BTC for $786 million, solidifying its status as a major Bitcoin holder.
Video Spotlight: Top 5 Web3 Use Cases You Should Know About – Discover the promising applications of Web3 technology.

🧐 Weekly Trivia

Which popular video game introduced its blockchain-based marketplace for in-game items in 2021?

A) Fortnite
B) Minecraft
C) Axie Infinity
D) Call of Duty

*Find the answer at the bottom of this newsletter.

🌟 Tech Spotlight – Tokenizing Real Estate

Blockchain technology is changing the way we invest in real estate through tokenization. This method turns property ownership into digital tokens on a blockchain, offering several practical benefits listed below.

Increased Liquidity

Traditional real estate investments require significant capital and involve lengthy transactions. Tokenization allows property owners to sell parts of their assets, making it easier for investors to participate with smaller amounts.

Enhanced Transparency

Using blockchain reduces the need for intermediaries like brokers and banks, leading to lower transaction fees and quicker processing times.

Real-World Utility

Consider a luxury apartment in New York City. With tokenization, an investor can buy a small share of this property without purchasing the entire apartment. These digital shares can be traded on blockchain platforms, offering a flexible and accessible investment opportunity.

Benefits for Investors and Property Owners

Investors gain access to a more diversified portfolio without needing significant upfront capital, and property owners can unlock liquidity and reach a broader range of investors.

By making real estate investments more accessible, transparent, and efficient, tokenization is opening new opportunities in the property market. This approach is poised to change how we think about investing in real estate.

📰 This Week’s Blockchain and Web3 Highlights

SEC Ends Ethereum 2.0 Investigation: The SEC has concluded its investigation into Ethereum 2.0, but questions about Ether's classification remain unresolved.

Kraken CEO Comments on Biden's Crypto Stance: Kraken's CEO notes a softer approach from the Biden administration towards cryptocurrency this year, highlighting the successful passage of FIT21 in the House.

VanEck Bitcoin ETF Debuts in Australia: VanEck's Bitcoin ETF launches on Australia's largest stock exchange, signaling a growing interest in Bitcoin investments down under.

Standard Chartered Launches Crypto Trading Desk: Standard Chartered is set to start a spot trading desk for Bitcoin and Ether, operating from its London office.

Michael Dell Shows Interest in Bitcoin: Michael Dell engages with Michael Saylor on social media, indicating his interest in Bitcoin.

Trump Receives Bitcoin Donations from Winklevoss Twins: The Winklevoss twins donate $2 million worth of Bitcoin to Donald Trump's campaign.

Bitcoin Drops After German Government Sells BTC: Bitcoin prices fall by 3.5% following significant sales by the German government.

Stablecoin Transfer Volume Surges: Stablecoin transfer volumes have increased 16 times over the past four years, reflecting growing adoption.

🔗 Affiliate Spotlight: Top 5 Must-Read Bitcoin Books

Want to deepen your understanding of Bitcoin? Here are five must-read books that offer valuable insights and knowledge:

"The Bitcoin Standard" by Saifedean Ammous

Discover the history, economics, and potential of Bitcoin as a global monetary system. Buy here.
"Mastering Bitcoin" by Andreas M. Antonopoulos

A comprehensive guide to Bitcoin technology, perfect for both beginners and experts. Buy here.
"Digital Gold" by Nathaniel Popper

An engaging narrative about the early days of Bitcoin and the people who helped shape its development. Buy here.
"The Age of Cryptocurrency" by Paul Vigna and Michael J. Casey

Understand how Bitcoin and digital money are challenging the global economic order. Buy here.
"The Internet of Money" by Andreas M. Antonopoulos

A collection of talks that explain the significance of Bitcoin beyond price speculation. Buy here.

Expand your knowledge and stay ahead in the fast-changing crypto space. Explore these must-read books.

😂 A Little Blockchain Humor Break 🤣

Source: CoinMarketCap

📊 Chart of the Week: MicroStrategy Acquires 11,931 BTC for $786 Million

MicroStrategy recently acquired 11,931 BTC for $786 million, bringing its total Bitcoin holdings to 226,331 BTC, solidifying its status as one of the largest Bitcoin holders in the market.

Key Takeaways

Massive Holdings: MicroStrategy's significant Bitcoin accumulation showcases its strong belief in Bitcoin's long-term value.
Consistent Investment: The chart illustrates the various points at which MicroStrategy has invested in Bitcoin, reflecting their strategy of regular purchases over time.
Market Influence: As one of the largest Bitcoin holders, MicroStrategy's actions in the market are closely watched and can influence market sentiment.

This chart provides a visual representation of MicroStrategy's commitment to Bitcoin, highlighting their strategic acquisitions and the scale of their investment.

Source: CryptoQuant

🎥 Weekly Video Spotlight: Top 5 Web3 Use Cases You Should Know About

This week's featured video is a must-watch: "Top 5 Web3 Use Cases You Should Know About." This engaging video breaks down some of the most exciting applications of Web3 technology, offering a clear and concise overview of how Web3 is transforming various sectors.

Why Watch?

This short video offers a clear, informative look at Web3's potential, making it an excellent resource for anyone interested in the future of blockchain technology. It's perfect for newcomers and those looking to deepen their understanding of Web3 applications. Stay ahead of the curve and see how Web3 is transforming technology!

Check out "Top 5 Web3 Use Cases You Should Know About" on YouTube now: Watch Here.

Thank you for tuning in for this week's edition! We covered how blockchain is transforming real estate through tokenization, discussed the SEC ending its Ethereum 2.0 investigation, and highlighted Kraken's CEO comments on Biden's softer approach to crypto.

Trivia Answer: C) Axie Infinity

Your continued support and enthusiasm are always appreciated. I'd love to hear your thoughts and feedback. See you next week for more updates and insights from the blockchain and Web3 space!

Warmly,
Ajay Tomar

Disclaimer:

Content in this newsletter is for educational and informational purposes only and is not intended as financial, tax, or legal advice. Always do your research and consult with a professional before making financial decisions. As a solopreneur, I may earn commissions from affiliate links in this newsletter at no extra cost to you. This support helps me bring you valuable content. I only endorse products I trust and believe could benefit you.

💡 Weekly Digital Assets Spotlight

Spotlight on Core (CORE)

This week, let's spotlight Core (CORE), a notable name in the blockchain community for its focus on decentralization and cutting-edge technology. Core DAO is all about building a strong ecosystem for decentralized applications (dApps) and smart contracts.

What Makes Core (CORE) Stand Out?

Community Governance: Core DAO prioritizes input from its community, making decisions collectively and ensuring a truly decentralized platform.
High Scalability: Core is built to manage large transaction volumes efficiently, making it suitable for diverse applications, including finance and gaming.
Interoperability: Core seamlessly integrates with other blockchain networks, enhancing its functionality and reach.

Recent Highlights

Strategic Partnerships: Core has formed several key partnerships aimed at expanding its ecosystem and improving its capabilities.
Technological Updates: The development team consistently releases updates, boosting the network's performance and security.
Active Community: With a growing and engaged community, Core is gaining traction and recognition in the blockchain space.

Why Core (CORE) Deserves Attention

Core DAO's dedication to decentralization and innovation sets it apart. Its scalable solutions and focus on interoperability make it a strong contender for future growth and adoption. Whether you're a developer looking for a robust platform or an investor interested in promising projects, Core (CORE) is worth watching.