“You have power over your mind - not outside events. Realize this, and you will find strength." — Marcus Aurelius
Punchline: This shows the power of consumer-friendly blockchain applications in retail.
Zooming out: Web3 has officially plunged into a bear market. While crypto reached its low point earlier this year, Web3 is now in survival mode, facing budget cuts, staff reductions, and funding shortages. We've been here before; remember that the core tech remains unchanged. Onwards.
Punchline: Traditional finance is waking up to blockchain's transformative potential for legacy infrastructure.
In search of revenue. Regulatory woes in the US and the search for revenue push US crypto companies abroad. This week, CCData reported Coinbase’s quarterly crypto spot trading volume dropping 52% YoY, hitting a low since its 2021 public debut.
Emerging hubs. Meanwhile, London, Hong Kong and Dubai are vying to become the next crypto centers. Hong Kong started issuing new licenses in August. Last year, Dubai created a body to regulate digital assets and the UK stated…
