Pocket News

Hey There!

Welcome to Clutch’s weekly Pocket News. 👛 This week’s crypto news includes the final upgrade to Ethereum’s merge going live🐼, SEC chair Gary Gensler flexing his creative muscles on how he wants to regulate crypto🙄, and Pulp Fiction quotes with a side of NFT news👩🏻‍⚖️. Bec talked with The Girls Table about the ups and downs of being a founder, and the merge is officially in our upcoming weekly events!🚀

Clutch Wallet

A non-custodial social wallet offering users an all-encompassing transacting experience underpinned by social, media, education, and seamless web3 integration.

Final merge upgrade activated 🚀, SEC chair wants to copy and paste regulations👯‍♀️, Pulp Fiction NFT lawsuit settles 👩🏻‍⚖️

Final merge upgrade activated 🚀, SEC chair wants to copy and paste regulations👯‍♀️, Pulp Fiction NFT lawsuit settles 👩🏻‍⚖️

The evolution of the internet

We’re excited to be included in the 53 crypto startups that are building this year on Business Insider! 🛠 You can read more here!

Crypto News

It's happening! The merge's final upgrade, Bellatrix, was activated on Monday.

The final major upgrade preceding the Ethereum merge was activated on Monday. The Bellatrix upgrade prepares the PoS Beacon Chain to merge with Ethereum’s existing execution layer. Once the merge is complete, Ethereum developers will focus on scalability issues. If you want more information on the merge, check out our content on the Ethereum merge.

Gary Gensler thinks all cryptocurrencies should be securities and fall under “current” security laws.

The Chair of the U.S. Securities and Exchange Commission made remarks on Thursday that “Nothing about the crypto markets is “incompatible with securities laws.” He commented that crypto intermediaries need to abide by rules that protect their users. His main conclusion was that cryptocurrency doesn’t need new laws to regulate it but already falls under existing laws. The SEC also announced in a press release that they would set up a new office focused solely on reviewing company filings related to crypto. 

Oh, I'm sorry. Did I break your concentration? Pulp Fiction NFTs lawsuit settles.

Miramax, a film company, settles Pulp Fiction NFT lawsuit with director Quentin Tarantino on Thursday. Miramax sued Tarantino last November to stop the filmmaker from selling portions of the original, hand-written screenplay as NFTs, claiming they have the rights to develop, market, and sell digital assets related to its films. Although Tarantino granted extensive rights to Miramax regarding Pulp Fiction, he believes the sale of a unique screenplay excerpt falls within his reserved rights. Miramax plans to withdraw its lawsuit and collaborate with Tarantino on NFT projects in the future. 

Are NFTs basic now? Starbucks to offer a NFT-based reward program.

Starbucks will allow customers to purchase and earn digital collectible stamps in NFT form that offer access to benefits and immersive experiences. This program will be built on Polygon’s PoS network, which sits on top of Ethereum’s network. The reward program will be offered through Starbucks Odyssey, the company’s new Web3 experience. 

I see you BTC (and ETH, Ofc).

Bitcoin (BTC) is up 11.75%, surpassing Ethereum (ETH), which is at 7.24% this last week. Bitcoin finished the week above 22,000. Ethereum finished the week at $1715.11. Ethereum’s boost is likely from the merge completion date nearing.  

Community Update

Clutch was featured on Business Insider in “The 53 most promising crypto startups of 2022, according to VCs”

We’re excited to be included in the 53 crypto startups that are building this year on Business Insider!  🛠 You can read more here!

The Girls Table:The Highs and Lows of Being a Founder

Being a female founder in the male-dominated Web3 space presents its challenges. Our CEO, Bec expands upon this and other ups and downs of her journey co-founding Clutch in The Girls Table’s latest podcast. Listen here!

Upcoming Events

Now I Know My NFTs: Hot Wallets vs. Cold Wallets

More of a TBT! Register for access to Bec’s talk with Ariel Marie on Hot Wallets vs. Cold Wallets! 

✨It’s free.✨

Twitter Space: Women of Mystery - Designing the Future: Story, Art &Tech

Date: Wednesday, September 14

Time: 1:00-2:00 pm PST

The merge is nigh!

Estimated Date: September 13-15

Written By

Nargiza Schmidt