The Daily Spin. A *New Monday Edition. *Andd we’re back from our local Songkran “Thai New Years” holidays, after being gone from the scene for about nine days – feels like a lifetime in the crypto space. This edition includes most of the post-analysis of market events that occurred last week, including the ETH-Shapella upgrade, the CPI inflation data, and more. Also, we have a special feature from Andressen Horowitz’s (a16z) State of Crypto Report 2023 – introducing the “State of Crypto Index,” which depicts the rate of innovation and adoption in Crypto as an interactive tool.

Ethereum completed their milestone Shanghai-Capella upgrade last week – and so we have an article that has delved into what has happened since then, backed with data and analysis. Is it full Altcoin season now? BTC dominance hit 49% and retraced aggressively as predicted, and then the subsequent L1-L2, LSD’s, and High-risk asset cycles have followed suit in an almost choreographed fashion. Are institutions FOMO’ing back into the market? Hoskinson talks about his “perfect plans” for zk-rollups, Citadel is hustling to create some market structure, and Anndy Lian discusses “Web4” or whatever moniker he is using for the next frontier… 

Bitcoin is holding strong at the $30k support level, influenced by a variety of factors notwithstanding the current loss of trust in the TradFi banking system and the increasingly pronounced effect of the BRICS nations reducing their dependency on the US Dollar. Introducing “APTBot” dubbed to be the “ChatGPT” of Quant trading. A couple of hacks have made it onto the public radar, and we all await Grimy Gensler’s appearance before a Senate Committee in the near future. In TL today we have a very interesting piece on crypto whale behaviour, using wallet tracking and taint analysis. Let’s get rolling on another exciting week for crypto… here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the market news with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Coinweb Prioritises Community Trust with Transparent Reserve Allocation https://medium.com/@Coinweb.io/coinweb-prioritises-community-trust-with-transparent-reserve-allocation-ce14063b6fa9

CWEB Token Usage and Utility https://medium.com/@Coinweb.io/cweb-token-usage-913307f8f441

Coinweb has Closed $2 Million Fundraising Round from SAVA Investment Management https://www.benzinga.com/pressreleases/23/04/a31637718/coinweb-has-closed-2-million-fundraising-round-from-sava-investment-management

The Coinweb Monthly Spin - Sixth Edition: Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3 https://coinweb.beehiiv.com/p/coinweb-monthly-spin-sixth-edition?_gl=1*1lv6vvu*_ga*NjEwNTkwMjc0LjE2NzU3NTc5NjQ.*_ga_E6Y4WLQ2EC*MTY4MDQ5NDg4Mi4yMy4xLjE2ODA0OTU1ODcuMzguMC4w

SoftServe, Ultra, Coinweb, ConsenSys, DSCVR and XDC Foundation on Blockchain Misconceptions https://thefintechtimes.com/softserve-ultra-coinweb-consensys-dscvr-and-xdc-foundation-on-blockchain-misconceptions/

Coinweb’s Layer 2 marks 4 million transactions milestone https://twitter.com/CoinwebOfficial/status/1638125472814092291?s=20

Coinweb Partners With Ceffu for Institutional Crypto Custody https://www.ceffu.com/blog/coinweb-partners-with-ceffu-for-institutional-crypto-custody?utm_source=twitter&utm_medium=organic_social&utm_campaign=cweb0321

Coinweb’s Fireside Chat Series, digitALL: Innovation and Technology for Gender Equality https://twitter.com/CoinwebOfficial/status/1636676933361745920?s=20“

A Thread on Refereed Delegation of Computation” by Kawin on Twitter https://twitter.com/CoinwebOfficial/status/1635952081302589441?s=20

Coinweb to bring cross-chain tokenisation to Layer 2 https://cryptoslate.com/coinweb-to-bring-cross-chain-tokenisation-to-layer-2/“

A Thread on L2 Scalability, Network Efficiency and Throughput/TPS” by Anton on Twitter https://twitter.com/CoinwebOfficial/status/1633424957693915137

A Leading Layer 2 Platform Looking To Tackle Crypto's Interoperability Issue https://www.benzinga.com/markets/cryptocurrency/23/02/31067514/a-leading-layer-2-platform-looking-to-tackle-cryptos-interoperability-issue“

The Reality of Large-scale Enterprises Adopting Blockchain Technology” an article by Toby Gilbert for CityAM Magazine https://www.cityam.com/the-reality-of-large-scale-enterprises-adopting-blockchain-technology/

Coinweb Labs is proud to unveil LinkMint 📷📷, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander. https://www.youtube.com/watch?v=CSKA3cAB15U“

Toby’s full presentation at Token2049-London https://youtu.be/pdtKx3vAs9c

On the Radar

Consensus 2023, Apr 26-28 (Austin, Texas)

Web3 Weekend, May 8-13 (Jakarta) Non Fungible Conference, Jun 7-9 (Lisbon) AIBC Asia, Jul 19-22 (Manila)

TOKEN2049, Sep 13-14 (Singapore)

Blockchain Events curated by CryptoNomad https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit

On the Block(chain)

Ethereum completes Shanghai upgrade https://cryptoslate.com/ethereum-completes-shanghai-upgrade/

$1B staked ETH withdrawn in 24hrs as round 2 begins https://cryptoslate.com/1b-staked-eth-withdrawn-in-24hrs-as-round-2-begins/

Bitcoin pierced through $31k as $240M withdrawn from exchanges https://cryptoslate.com/insights/bitcoin-pierced-through-31k-240m-withdrawn-from-exchanges/

From joke to investment: The surprising resilience of memecoins in crypto https://cryptoslate.com/from-joke-to-investment-the-surprising-resilience-of-memecoins-in-crypto/

Crypto community criticizes Tether for blacklisting wallet that drained $20M from MEV bots https://cryptoslate.com/crypto-community-criticizes-tether-for-blacklisting-wallet-that-drained-20m-from-mev-bots/

Is the rise in Bitcoin and gold price foreshadowing further debasement? https://cryptoslate.com/insights/is-the-rise-in-bitcoin-and-gold-price-foreshadowing-further-debasement/

Crypto Bot “ATPBot” Dubbed the ChatGPT of Quantitative Trading Launches https://cryptoslate.com/press-releases/crypto-bot-atpbot-dubbed-the-chatgpt-of-quantitative-trading-launches/

Hundred Finance hacked on Optimism, suffers $7 million loss https://cryptoslate.com/hundred-finance-hacked-on-optimism-suffers-7-million-loss/

Silk Road attacker receives one year sentence for $3.4B Bitcoin theft https://cryptoslate.com/silk-road-attacker-receives-one-year-sentence-for-3-4b-bitcoin-theft/

Competitive Landscape

Citadel Securities among firms hustling to create a crypto market structure amid FTX ‘dumpster fire’ https://www.dlnews.com/articles/markets/asset-managers-market-structure-crypto-ftx-dumpster-fire-versifi-blackrock/

DeFi insurer Sherlock teeters on the edge after reserves fall 90% https://www.dlnews.com/articles/defi/sherlock-defi-insurer-on-edge-euler-hack/

Are institutions FOMOing back into Bitcoin? https://cryptoslate.com/insights/are-institutions-fomoing-back-into-bitcoin/

Stablecoins being converted into Bitcoin helped push BTC price over $30k https://cryptoslate.com/insights/stablecoins-being-converted-into-bitcoin-helped-push-the-price-over-30k/

MetaMask email address leak affects 7,000 users https://cryptoslate.com/metamask-email-address-leak-affects-7000-users/

Hoskinson: Cardano has a ‘beautiful plan’ for ZK-rollups https://cryptoslate.com/hoskinson-cardano-has-a-beautiful-plan-for-zk-rollups/

US. Coordinated Regulation Failures

The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity https://www.wsj.com/articles/bitcoin-blockchain-hacking-arrests-93a4cb29?reflink=integratedwebview_share

Gensler faces scrutiny in Washington over crypto crackdown: ‘They’re champing at the bit to have him’ https://www.dlnews.com/articles/regulation/gensler-sec-congress-crackdown-crypto-ether/

SEC reopens comments on proposed changes to “exchange” definition https://cryptoslate.com/sec-reopens-comments-on-proposed-changes-to-exchange-definition/

XCH jumps 8% as Chia Network submits proposed IPO registration to SEC https://cryptoslate.com/xch-jumps-8-as-chia-network-submits-proposed-ipo-registration-to-sec/

World

U.S. inflation comes down, but Fed forecasts ‘mild recession’ https://cryptoslate.com/macroslate-weekly-us-inflation-comes-down-but-fed-forecasts-mild-recession/

Europe’s migration policies in chaos as arrivals surge https://www.cnn.com/2023/04/16/europe/europe-migration-chaos-boat-arrivals-intl

People Are Investing in Bonds Again—Once They Figure Them Out https://www.wsj.com/articles/bonds-investment-interest-rates-inflation-9c9cfe3e

Elon Musk to develop artificial intelligence, founds new corporation X.AI https://cryptoslate.com/elon-musk-to-develop-artificial-intelligence-founds-new-corporation-x-ai/

Thought Leadership

Short seller Jim Chanos says Coinbase ‘will still lose money’ even as crypto prices soar https://www.dlnews.com/articles/defi/jim-chanos-coinbase-coin-enron-short-seller/

Anndy Lian on decentralization and the potential impact of Web4 https://cryptoslate.com/anndy-lian-on-decentralization-and-the-potential-impact-of-web4/

This Is How $400k Wallets Play Crypto https://medium.com/@defiglow/this-is-how-400k-wallets-play-crypto-8617d30fa6f4

A16z’s 2023 State of Crypto Report: Introducing the State of Crypto Index https://a16zcrypto.com/content/article/state-of-crypto-report-2023/?utm_source=substack&utm_medium=email

** **

The Daily Spin. A *New Monday Edition. *Andd we’re back from our local Songkran “Thai New Years” holidays, after being gone from the scene for about nine days – feels like a lifetime in the crypto space. This edition includes most of the post-analysis of market events that occurred last week, including the ETH-Shapella upgrade, the CPI inflation data, and more. Also, we have a special feature from Andressen Horowitz’s (a16z) State of Crypto Report 2023 – introducing the “State of Crypto Index,” which depicts the rate of innovation and adoption in Crypto as an interactive tool.

Ethereum completed their milestone Shanghai-Capella upgrade last week – and so we have an article that has delved into what has happened since then, backed with data and analysis. Is it full Altcoin season now? BTC dominance hit 49% and retraced aggressively as predicted, and then the subsequent L1-L2, LSD’s, and High-risk asset cycles have followed suit in an almost choreographed fashion. Are institutions FOMO’ing back into the market? Hoskinson talks about his “perfect plans” for zk-rollups, Citadel is hustling to create some market structure, and Anndy Lian discusses “Web4” or whatever moniker he is using for the next frontier… 

Bitcoin is holding strong at the $30k support level, influenced by a variety of factors notwithstanding the current loss of trust in the TradFi banking system and the increasingly pronounced effect of the BRICS nations reducing their dependency on the US Dollar. Introducing “APTBot” dubbed to be the “ChatGPT” of Quant trading. A couple of hacks have made it onto the public radar, and we all await Grimy Gensler’s appearance before a Senate Committee in the near future. In TL today we have a very interesting piece on crypto whale behaviour, using wallet tracking and taint analysis. Let’s get rolling on another exciting week for crypto… here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the market news with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Coinweb Prioritises Community Trust with Transparent Reserve Allocation https://medium.com/@Coinweb.io/coinweb-prioritises-community-trust-with-transparent-reserve-allocation-ce14063b6fa9

CWEB Token Usage and Utility https://medium.com/@Coinweb.io/cweb-token-usage-913307f8f441

Coinweb has Closed $2 Million Fundraising Round from SAVA Investment Management https://www.benzinga.com/pressreleases/23/04/a31637718/coinweb-has-closed-2-million-fundraising-round-from-sava-investment-management

The Coinweb Monthly Spin - Sixth Edition: Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3 https://coinweb.beehiiv.com/p/coinweb-monthly-spin-sixth-edition?_gl=1*1lv6vvu*_ga*NjEwNTkwMjc0LjE2NzU3NTc5NjQ.*_ga_E6Y4WLQ2EC*MTY4MDQ5NDg4Mi4yMy4xLjE2ODA0OTU1ODcuMzguMC4w

SoftServe, Ultra, Coinweb, ConsenSys, DSCVR and XDC Foundation on Blockchain Misconceptions https://thefintechtimes.com/softserve-ultra-coinweb-consensys-dscvr-and-xdc-foundation-on-blockchain-misconceptions/

Coinweb’s Layer 2 marks 4 million transactions milestone https://twitter.com/CoinwebOfficial/status/1638125472814092291?s=20

Coinweb Partners With Ceffu for Institutional Crypto Custody https://www.ceffu.com/blog/coinweb-partners-with-ceffu-for-institutional-crypto-custody?utm_source=twitter&utm_medium=organic_social&utm_campaign=cweb0321

Coinweb’s Fireside Chat Series, digitALL: Innovation and Technology for Gender Equality https://twitter.com/CoinwebOfficial/status/1636676933361745920?s=20“

A Thread on Refereed Delegation of Computation” by Kawin on Twitter https://twitter.com/CoinwebOfficial/status/1635952081302589441?s=20

Coinweb to bring cross-chain tokenisation to Layer 2 https://cryptoslate.com/coinweb-to-bring-cross-chain-tokenisation-to-layer-2/“

A Thread on L2 Scalability, Network Efficiency and Throughput/TPS” by Anton on Twitter https://twitter.com/CoinwebOfficial/status/1633424957693915137

A Leading Layer 2 Platform Looking To Tackle Crypto's Interoperability Issue https://www.benzinga.com/markets/cryptocurrency/23/02/31067514/a-leading-layer-2-platform-looking-to-tackle-cryptos-interoperability-issue“

The Reality of Large-scale Enterprises Adopting Blockchain Technology” an article by Toby Gilbert for CityAM Magazine https://www.cityam.com/the-reality-of-large-scale-enterprises-adopting-blockchain-technology/

Coinweb Labs is proud to unveil LinkMint 📷📷, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander. https://www.youtube.com/watch?v=CSKA3cAB15U“

Toby’s full presentation at Token2049-London https://youtu.be/pdtKx3vAs9c

On the Radar

Consensus 2023, Apr 26-28 (Austin, Texas)

Web3 Weekend, May 8-13 (Jakarta) Non Fungible Conference, Jun 7-9 (Lisbon) AIBC Asia, Jul 19-22 (Manila)

TOKEN2049, Sep 13-14 (Singapore)

Blockchain Events curated by CryptoNomad https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit

On the Block(chain)

Ethereum completes Shanghai upgrade https://cryptoslate.com/ethereum-completes-shanghai-upgrade/

$1B staked ETH withdrawn in 24hrs as round 2 begins https://cryptoslate.com/1b-staked-eth-withdrawn-in-24hrs-as-round-2-begins/

Bitcoin pierced through $31k as $240M withdrawn from exchanges https://cryptoslate.com/insights/bitcoin-pierced-through-31k-240m-withdrawn-from-exchanges/

From joke to investment: The surprising resilience of memecoins in crypto https://cryptoslate.com/from-joke-to-investment-the-surprising-resilience-of-memecoins-in-crypto/

Crypto community criticizes Tether for blacklisting wallet that drained $20M from MEV bots https://cryptoslate.com/crypto-community-criticizes-tether-for-blacklisting-wallet-that-drained-20m-from-mev-bots/

Is the rise in Bitcoin and gold price foreshadowing further debasement? https://cryptoslate.com/insights/is-the-rise-in-bitcoin-and-gold-price-foreshadowing-further-debasement/

Crypto Bot “ATPBot” Dubbed the ChatGPT of Quantitative Trading Launches https://cryptoslate.com/press-releases/crypto-bot-atpbot-dubbed-the-chatgpt-of-quantitative-trading-launches/

Hundred Finance hacked on Optimism, suffers $7 million loss https://cryptoslate.com/hundred-finance-hacked-on-optimism-suffers-7-million-loss/

Silk Road attacker receives one year sentence for $3.4B Bitcoin theft https://cryptoslate.com/silk-road-attacker-receives-one-year-sentence-for-3-4b-bitcoin-theft/

Competitive Landscape

Citadel Securities among firms hustling to create a crypto market structure amid FTX ‘dumpster fire’ https://www.dlnews.com/articles/markets/asset-managers-market-structure-crypto-ftx-dumpster-fire-versifi-blackrock/

DeFi insurer Sherlock teeters on the edge after reserves fall 90% https://www.dlnews.com/articles/defi/sherlock-defi-insurer-on-edge-euler-hack/

Are institutions FOMOing back into Bitcoin? https://cryptoslate.com/insights/are-institutions-fomoing-back-into-bitcoin/

Stablecoins being converted into Bitcoin helped push BTC price over $30k https://cryptoslate.com/insights/stablecoins-being-converted-into-bitcoin-helped-push-the-price-over-30k/

MetaMask email address leak affects 7,000 users https://cryptoslate.com/metamask-email-address-leak-affects-7000-users/

Hoskinson: Cardano has a ‘beautiful plan’ for ZK-rollups https://cryptoslate.com/hoskinson-cardano-has-a-beautiful-plan-for-zk-rollups/

US. Coordinated Regulation Failures

The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity https://www.wsj.com/articles/bitcoin-blockchain-hacking-arrests-93a4cb29?reflink=integratedwebview_share

Gensler faces scrutiny in Washington over crypto crackdown: ‘They’re champing at the bit to have him’ https://www.dlnews.com/articles/regulation/gensler-sec-congress-crackdown-crypto-ether/

SEC reopens comments on proposed changes to “exchange” definition https://cryptoslate.com/sec-reopens-comments-on-proposed-changes-to-exchange-definition/

XCH jumps 8% as Chia Network submits proposed IPO registration to SEC https://cryptoslate.com/xch-jumps-8-as-chia-network-submits-proposed-ipo-registration-to-sec/

World

U.S. inflation comes down, but Fed forecasts ‘mild recession’ https://cryptoslate.com/macroslate-weekly-us-inflation-comes-down-but-fed-forecasts-mild-recession/

Europe’s migration policies in chaos as arrivals surge https://www.cnn.com/2023/04/16/europe/europe-migration-chaos-boat-arrivals-intl

People Are Investing in Bonds Again—Once They Figure Them Out https://www.wsj.com/articles/bonds-investment-interest-rates-inflation-9c9cfe3e

Elon Musk to develop artificial intelligence, founds new corporation X.AI https://cryptoslate.com/elon-musk-to-develop-artificial-intelligence-founds-new-corporation-x-ai/

Thought Leadership

Short seller Jim Chanos says Coinbase ‘will still lose money’ even as crypto prices soar https://www.dlnews.com/articles/defi/jim-chanos-coinbase-coin-enron-short-seller/

Anndy Lian on decentralization and the potential impact of Web4 https://cryptoslate.com/anndy-lian-on-decentralization-and-the-potential-impact-of-web4/

This Is How $400k Wallets Play Crypto https://medium.com/@defiglow/this-is-how-400k-wallets-play-crypto-8617d30fa6f4

A16z’s 2023 State of Crypto Report: Introducing the State of Crypto Index https://a16zcrypto.com/content/article/state-of-crypto-report-2023/?utm_source=substack&utm_medium=email

** **