Other Noteworthy Stories From The Past Week:
Celebrity Memecoin Criticisms: With the boom in celebrity themed memecoins that have been launched over the past week, it is unsurprising that a number of commentators have taken to social media to voice their opinions on the matter. The co-founder of Ethereum, Vitalik Buterin, has been one of the most recent industry leaders to voice concerns on the trend, advocating for a more purpose-driven approach to financialisation within crypto, rather than tokens that lack utility and are merely driven by speculation.
Robinhood To Buy Crypto Exchange: The trading platform Robinhood has recently announced that it will be purchasing the U.K. founded crypto exchange Bitstamp in a $200 million cash deal - the aim being to leverage the acquisition to help the platform expand its global reach in crypto markets.
*The Quest For Conquering Web3 Social Continues: The research and development incubator behind the Arweave blockchain, Forward Research, has recently acquired Odysee - a decentralised alternative to YouTube. Whilst there have been many forays into the socials market, web3 teams have yet to find a solution that rivals traditional incumbents. Whether this move changes this status quo is still to be seen.
