August 21 · Latest Updates in Web3

1️⃣ Kraken announces the acquisition of the no-code trading platform Capitalise.ai, aiming to strengthen its professional trading tools and enhance user convenience in the cryptocurrency space.

2️⃣ The YZY meme coin launched by Kanye West reached a market value of over $3 billion on the Solana chain but quickly fell back, sparking extensive discussions about the potential risks of celebrity tokens.

3️⃣ Financing for Web3 startups is active, with $4.63 billion raised through 30 rounds of public financing in early August, including significant investments in projects like Subzero Labs and Stable.

4️⃣ As Ethereum's price rebounds, a hacker address repurchased 5,001 ETH at a price of $4,352 each, totaling $21.76 million, reflecting strong market demand for $ETH .

5️⃣ The Wormhole Foundation plans to acquire the cross-chain bridge Stargate for over $110 million; meanwhile, a Federal Reserve official pointed out that payment systems are facing technological changes and is advancing research related to tokenization and smart contracts.

On that day, mergers and acquisitions in the web3 space intertwined with market fluctuations, reflecting the innovative vitality and investment enthusiasm of the blockchain industry.