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<h2 id="header-0">This Week in Web3: Top Headlines</h2><ul><li>Scaramucci Predicts Institutional Bitcoin Adoption to Surge </li></ul>Anthony Scaramucci, the founder of SkyBridge Capital, believes that institutional adoption of Bitcoin is poised to accelerate. He attributes this trend to the regulatory approval of Bitcoin, which has addressed a significant barrier for large-scale institutional investors. Scaramucci anticipates a substantial influx of institutional capital into the Bitcoin market as regulations become clearer and more favourable.<ul><li>Coinbase Anticipates 30-40% Chance of Spot ETH ETF Approval by Month-End </li></ul>Crypto exchange Coinbase projects a 30% to 40% likelihood of the SEC approving spot Ethereum ETFs by the end of this month. In a report dated May 15, David Han, a Research Analyst at Coinbase Institutional, pointed out that the SEC&#39;s rationale for approving spot Bitcoin ETFs—particularly the correlation between CME futures products and spot exchange rates—could similarly apply to Ethereum. This development could pave the way for the first spot Ethereum ETF, marking a significant milestone for the cryptocurrency industry.<ul><li>Kraken Considers Delisting USDT in Europe Due to New MiCA Regulations </li></ul>Kraken&#39;s Global Head of Regulatory Strategy, Marcus Hughes, announced that the exchange might delist Tether (USDT) in Europe in response to the EU&#39;s upcoming Markets in Crypto-Assets (MiCA) regulations. Set to take effect in July, MiCA will require issuers of fiat-backed stablecoins to register as electronic money institutions (EMIs) and comply with stringent requirements. Hughes indicated that the new rules could significantly reduce the number and variety of stablecoins available in Europe, depending on how many firms adhere to the new regime.<ul><li>Nigerian Court Denies Bail to Binance Executive, Increasing Crypto Industry Tensions </li></ul>A Nigerian High Court has denied bail to Binance executive Tigran Gambaryan, who has been detained by the Nigerian government since February. The court cited concerns that Gambaryan might flee the country. His detention has intensified tensions within the Nigerian crypto industry, with Binance&#39;s Chief Compliance Officer, Noah Perlman, defending Gambaryan&#39;s integrity and calling for his release. Perlman emphasized Gambaryan&#39;s long history of public service and crime-fighting, deeming the charges against him baseless.<h3 id="strong-prepare-for-the-pinnacle-gathering-of-the-year-strong">Prepare for the pinnacle gathering of the year!</h3>Money20/20 Europe, the home of the ecosystem, returns to invigorate your networking, supercharge your business and level-up your ROI opportunities. Unite with the unstoppable and join 8,000&#43; visionaries, trailblazers, and innovators from over 2,300 companies, spanning financial institutions, fintech disruptors, tech juggernauts, emergent startups, policy architects, and more! This is YOUR golden ticket to grasp the reins of transformation with all you need under one roof. Claim your pass NOW and secure your spot. Use code DEF250 to save €200.Catch up on our published articles for the week!NEWS<ul><li>XLink to Resume Operations After $10 Million Security Breach, Urges Users to Revoke Old Contract Access &gt;&gt;&gt;<a href="https://defi-planet.com/2024/05/xlink-to-resume-operations-after-10-million-security-breach-urges-users-to-revoke-old-contract-access/" rel="noopener noreferrer nofollow"> Learn more </a></li><li>Turkish Government Introduces Bill to Strengthen Crypto Regulations and Align with International Standards &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/turkish-government-introduces-bill-to-strengthen-crypto-regulations-and-align-with-international-standards/" rel="noopener noreferrer nofollow">Learn more </a></li><li>ShibaSwap Migrates to Shibarium Blockchain, Introduces Advanced Features &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/shibaswap-migrates-to-shibarium-blockchain-introduces-advanced-features/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Worldcoin Competitor, Humanity Protocol Valued at $1 Billion After Successful Seed Funding Round &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/worldcoin-competitor-humanity-protocol-valued-at-1-billion-after-successful-seed-funding-round/" rel="noopener noreferrer nofollow">Learn more </a></li><li>FLOKI Lands Major Listings on Revolut Business and Binance Thailand &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/floki-lands-major-listings-on-revolut-business-and-binance-thailand/" rel="noopener noreferrer nofollow">Learn more </a></li><li>BitQuant Predicts Bitcoin Rally to $95,000, Advises Caution Amid Market Volatility &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/bitquant-predicts-bitcoin-rally-to-95000-advises-caution-amid-market-volatility/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Nate Geraci Questions U.S. SEC’s Stance on Ethereum ETFs Ahead of Approval Decision &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/nate-geraci-questions-u-s-secs-stance-on-ethereum-etfs-ahead-of-approval-decision/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Solana’s Cypher Core Contributor Admits to Stealing $260K and Gambling It Away &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/solanas-cypher-core-contributor-admits-to-stealing-260k-and-gambling-it-away/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Vanguard Taps Ex-BlackRock Executive for CEO: Stakeholders Speculate Policy Change On Bitcoin ETFs &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/vanguard-taps-ex-blackrock-executive-for-ceo-stakeholders-speculate-policy-change-on-bitcoin-etfs/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Deutsche Bank Joins Singapore’s Central Bank Project to Explore Asset Tokenization and DeFi &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/deutsche-bank-joins-singapores-central-bank-project-to-explore-asset-tokenization-and-defi/" rel="noopener noreferrer nofollow">Learn more </a></li><li>TNA Becomes First Naming Protocol on Bitcoin Layer 2 with Bitlayer Labs Collaboration &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/tna-becomes-first-naming-protocol-on-bitcoin-layer-2-with-bitlayer-labs-collaboration/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Tether Freezes $5.2M USDT Linked to Phishing Scams Amidst Industry Controversy &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/tether-freezes-5-2m-usdt-linked-to-phishing-scams-amidst-industry-controversy/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Coinbase Users Claim Fund Withdrawals Are Still Failing Despite Outage Recovery &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/coinbase-users-claim-fund-withdrawals-are-still-failing-despite-outage-recovery/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Biden Orders “China-linked” Crypto Mining Company Near U.S. Military Base to Stop Operations &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/biden-orders-china-linked-crypto-mining-company-near-u-s-military-base-to-stop-operations/" rel="noopener noreferrer nofollow">Learn more </a></li></ul>ARTICLES<ul><li>Introducing WAX Blockchain (WAX): A Purpose-Built Blockchain for Enhancing E-Commerce Transactions &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/introducing-wax-blockchain-wax-a-purpose-built-blockchain-for-enhancing-e-commerce-transactions/" rel="noopener noreferrer nofollow">Learn more </a></li><li>The BullBear AI Revolution in Crypto Trading &gt;&gt;&gt;<a href="https://defi-planet.com/2024/05/the-bullbear-ai-revolution-in-crypto-trading/" rel="noopener noreferrer nofollow"> Learn more. </a></li></ul>Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://lh7-us.googleusercontent.com/6TyscbPEZGT2b_ZqSTYmPU7cJweUZZE0sqYW5ClO5qtxXBN1zh8ITl7XoH41wTR6AOA4MeauVln8e68BfRbP3kTdtqs4VV-dGIslh7JvVSDmYmdejPsatWZzZePYFZAOAboexT3YYpGaZSO6-XsPjuA" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #96 | Get caught up on the latest developments in Web3!

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