Moving on from SBF trial with Circle IPO rumors, a massive new crypto fund and sanctions

Welcome again to Chain Response.

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This week in web3

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

The most recent pod

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

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

Beforehand, he was a federal prosecutor as an assistant U.S legal professional within the U.S. Legal professional’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 position.

Brendan has tried greater than 12 instances that had 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 prices 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 evaluate should 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 info from Messari in addition to TechCrunch’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on TechCrunch that caught our consideration this week.

1. With the power of AI, you can be mediocre, too (TC+)
2. Secure messaging app Signal moves a step closer to launching usernames
3. Robotics funding saw another dip in 2023
4. Klarna is inching toward an IPO, and it’s not the only one (TC+)
5. New pre-seed funds are popping up everywhere (TC+)

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