Here is the outline for today’s newsletter🔥

• 🎮 Is Web3 getting a game launcher?

• ⚖️ Coinbase is not affected by the SEC

• 📈 Cathie Wood stands strong on Bitcoin prediction

Web3 is getting a game launcher?

HyperPlay, a platform for accessing Web3-native games, has successfully raised $12 million in a Series A funding round.

The funding round was co-led by Griffin Gaming Partners and Bitkraft Ventures, highlighting the confidence these prominent investors have in the future of Web3 gaming.

The substantial investment will serve as a catalyst for HyperPlay's growth and expansion, enabling the platform to further develop its Web3 game launcher and support international expansion efforts.

Specializing in Web3 games that leverage non-fungible tokens (NFTs) and crypto tokens, HyperPlay aims to provide a home for open and developer-friendly games.

Additionally, HyperPlay also aggregates traditional video game listings, catering to a broader audience of gamers. This is a good step forward in bridging both Web2 and Web3 users.

What sets HyperPlay apart is its monetization strategy, which revolves around offering complementary services rather than taking a percentage of game sales. This approach aligns with the platform's commitment to supporting developers and fostering a sustainable ecosystem that benefits all stakeholders involved.

HyperPlay officially launched its service in March, showcasing an impressive lineup of games such as The Sandbox, The Bornless, Phantom Galaxies, and DeFi Kingdoms.

These games exemplify the platform's focus on Web3 technology, NFTs, and blockchain integration, providing players with unique and immersive gaming experiences.

The platform's commitment to technical innovation, developer-friendly practices, and providing access to a wide range of games positions it as a key player in the rapidly evolving landscape of blockchain-based gaming.

As HyperPlay expands its offerings and reaches new markets, it aims to revolutionize the gaming industry and further accelerate the adoption of Web3 technologies.

Exciting times for all gamers out there. Maybe it is time for a new gaming industry of play-to-earn players!

Coinbase is not affected by the SEC

Coinbase is taking a bold stance in response to the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Despite the allegations of offering unregistered securities, Coinbase CEO Brian Armstrong has affirmed that the company will continue to operate as usual.

It is a firm stance to prove that they are doing nothing wrong.

In contrast to Binance, which has opted to delist certain coins in response to regulatory pressure, Coinbase has decided not to delist any assets at this time.

The exchange intends to maintain trading services for all assets until a court reaches a determination regarding the SEC's allegations.

Coinbase's decision to fight the lawsuit in court, potentially even taking the case to the Supreme Court if necessary, could have far-reaching implications for the powers of the SEC and the overall regulatory landscape surrounding cryptocurrencies.

Interestingly, the SEC's lawsuit against Coinbase may not be an isolated incident. There are indications that the SEC could be preparing to file lawsuits against other prominent exchanges such as Kraken, Gemini, Crypto.com, and OKCoin.

These exchanges have also allowed the trading of cryptocurrencies that the SEC considers to be unregistered securities. This suggests that the SEC's actions against Coinbase might be part of a broader regulatory crackdown on exchanges that have facilitated the trading of such assets.

Kraken, for instance, has asserted that it does not list securities on its platform. The exchange emphasizes that it conducts comprehensive risk and security evaluations for each asset before listing, implying that it adheres to stringent compliance measures to ensure regulatory compliance.

I do not know how the SEC plans to fight the whole Web3 industry alone, but this would be an interesting sight to see.

Cathie Wood stays strong on Bitcoin prediction

Cathie Wood, founder of Ark Invest, continues to stand by her bold prediction that the price of Bitcoin will surpass $1 million by the end of the decade.

Wood sees Bitcoin as an ideal hedge against inflation and counterparty risk, factors that have bolstered her confidence in the cryptocurrency.

Despite the regulatory challenges faced by the crypto industry, Wood's conviction in Bitcoin has actually strengthened.

She believes that the uncertainty and volatility in global economies make Bitcoin an attractive asset for investors seeking stability and protection.

Previously, Wood had forecasted that Bitcoin would reach $500,000 by 2026, but she later revised her prediction, expressing even greater optimism and raising the target to $1 million by 2030.

This demonstrates her unwavering confidence in the long-term growth potential of Bitcoin.

Furthermore, Ark Invest, under Wood's leadership, has demonstrated its bullish stance on Coinbase by acquiring a significant amount of the company's stock. This investment signals Ark Invest's belief in Coinbase's prospects and its alignment with Wood's positive outlook on the exchange.

Although regulators in the US are talking down on crypto, we have big investors still believing in the space and also putting confidence into other investors that crypto is here to stay.

✨Bonus News✨

• Donald Trump indicted for the second time. This time on federal charges in relation to his handling of classified information

• Wildfires and pollution. Wildfires like those burning across Canada and heat waves like the one smothering Puerto Rico

• Stabbing incident in France! Four young children who were stabbed in a park in Annecy, are now in a stable condition.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.