Happy first day of spring!
Last week, the tech world held its breath Silicon Valley Bank as shut down. This weekend, UBS acquired Credit Suisse at a 60% discount amid a fragile banking environment. Half of CT is cheering for the annihilation of fiat and the banking system. What is going on and where are we headed?!
The leading crypto analytics tool, DefiLlama, experienced a hostile takeover over the weekend due to a conflict between team members about a token airdrop. The founder, @0xngmi, has since forked DefiLlama to create Llama.fi
A thread by pseudonymous software researcher Albacore reveals that Microsoft is testing a built-in non-custodial crypto wallet for the Edge browser. While browser wallets aren't a crowd favorite, Edge currently boasts 232 million (4% internet browser market share). If the wallet is made a default option for Windows, it could become the go-to choice for 1.4 billion users.
*I dive deeper into wallets in my first article. You can check it out here. *
The largest game developer conference is underway. I’m expecting some BIG announcements from Polygon, Immutable, Gala Games, Epic Games and other small indie studios. This should be a good week for HODLers of gaming and metaverse coins.
Balaji recently made a $1 million bet: within 90 days, BTC will surpass $1 million. That would mean a 3600% increase from where we are now ($28,207.30 at time of writing). We have yet to see any extreme volatility event causing Bitcoin this gain. The presumed catalyst? A banking system collapse.
https://twitter.com/balajis/status/1636797265317867520
The $1 million bet was actually in response to James Medlock post. From a financial standpoint, this is a lose-lose situation for Balaji: if Bitcoin does goes to $1M, he would’ve given up the opportunity to buy 35 BTC (at $28,207.30)—effectively losing out on 34 BTC. If Balaji loses the bet, well, he loses $1 million.
Whether Balaji is pumping his bags or perpetuating sensationalism, he certainly got people talking about hyperinflation, the forthcoming crumble of the financial system Ray Dalio, bank runs, and Bitcoin.
🛠️ Oncyber’s GPT-powered AI tool for text to world-building
In my past life as a podcaster, I interviewed Ken Liu (creator of scifi and fantasy worlds, translator The Three-Body Problem) and Janet Forbes (creator of one of the top worldbuilding tools and RPG campaign manager). Needless to say, I have a soft spot for worldbuilding and fantasy worlds!
🟡 Circle’s CCTP: Revolutionizing Multichain Infrastructure
Crosschain and interoperability were all the rage last year but has kinda died down with the bear market. Curious to listen to Circle’s take on multichain infra and how they’re building in Cosmos. Thanks for tuning in! If you enjoyed today’s read, feel free to share The Web3 Explorer and help spread the word.
Thanks for tuning in! If you enjoyed today’s read, feel free to share this article and help spread the word.