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Happy Thursday!

Wow, very much an eventful few weeks, largely owed to what's been transpiring legislation-wise on the other side of the Atlantic. We've got the reactions from some of crypto's key opinion leaders lined up for you, as well as a concrete breakdown of what the bill means in practice.

In other news, the market continues to trend up (well, experiencing a slight dip today) as the heavyweights and the larger caps embark on a quest to retake previously-set ATHs.

Deals-wise, it truly is summer as we report on multiple $100 million+ raises and other noteworthy closes.

Get your reading glasses on and let's dive right in...

'This is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation.'

- Elon Musk on the US infrastructure bill

🦅 The US infrastructure bill is causing serious concerns of potentially sinking the local crypto industry. Coinbase CEO Brian Armstrong chimes in, while the bill makes for a divided White House

🧐 Meanwhile, the SEC begins to deal with its first DeFi tech securities case

🆙 Coinbase has reported Q2 earnings, posting growing revenue and usage to beat expectations.

😮 Back in Europe, the EU regulator has approved a French Bitcoin ETF

🇪🇸 In Spain, a newly-proposed 'Digital Transformation Law' may enable mortgage payments in crypto.

🌌 Mike Novogratz's Galaxy Digital has hired the former CEO of SIX Exchange, Tim Grant, as Galaxy's Europe Chief.

🍴 Ethereum's much anticipated London Hard Fork is now live!

🔢 DeFi platform Poly Network was hit with a $600 million+ hack. Hackers have, however, started to give back the stolen funds, as they were 'just having fun'.

🤝 Crypto exchange BitMEX has agreed to pay a $100 million civil penalty with the CFTC and FinCen.

📝 Practical implications of US infrastructure bill on crypto taxes

🚀 International Monetary Fund: The Rise of Digital Money

👾 A Crypto Guide to the Metaverse
🔥 FalconX raises $210 million to bump its valuation to nearly $3.75 billion.

🧾 Crypto tax software provider TaxBit nabs $130 million at a $1.33 billion valuation.

✨ Decentralized wireless network Helium completes a $111 million a16z-led token sale.

☝️  Upgrade closes a $105 million Series E.

💸 Matrixport earns unicorn status with a fresh $100 million injection.

🥭 Solana's Mango Markets DEX nabs $70 million via a token sale.

🇮🇩 Indonesian crypto marketplace Pintu closes a $35 million round.

🎨 NFT marketplace Makersplace secures $30 million in Series A.

📊 Messari bags in $21 million in a Point72-led Series A.

🔒 TrustToken raises $12.5 million from Blocktower, a16z and Alameda to scale TrueFi.

🗃️ Multi-chain browser wallet Liquality nabs $7 million.

🌄 Horizen Labs completes a $7 million Seed.

🧮 Sense Finance raises $5.2 million to add a new dimension to DeFi.


Thank you for reading the latest edition of the Watsonlaw newsletter. If you have any content-related recommendations or news you'd like us to share for next time, please don't hesitate to reach out to or even better, directly connect with our team members Willem-Jan Smits and Stefan Enchev. To stay up to date with all our updates and connect with our team, follow Watsonlaw on LinkedIn. Did we miss anything? Or perhaps something got you particularly intrigued? Do send us a message and let's talk! Ciao for now and see you again next time!

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