# The Coinweb Daily Spin

By [Coinweb.io](https://paragraph.com/@rukawin) · 2023-04-24

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\*\*The Daily Spin. _Midway Monday Edition._ \*\*The markets take a small knock as liquidity is flushed out of the OI, but is still showing significant weight towards the long leverages over shorts. In comparison with all the prior pullbacks we’ve seen during previous bull-runs, we are still young in comparison of timeframe and total market capitalisation metrics as of now. ETH erases all post-Shapella gains, and memecoin season is at fault for the exorbitant gas-fees seen on ETH during the past week (between 35-70 gwei). Gensler’s testimony in front of US Congress leaves an indelible mark of reluctance to act decisively, and placing an unfair environment on US-based crypto companies has started to take its toll as leaders such as Coinbase look to move operations abroad. Let’s take a look at some of the key indicators that would signal an imminent recovery of the Total Market Cap, and always bear in mind the current narrative of “de-dollarization” underway with the leadership of the BRICS nations – and the burning embers left ablaze on the US Banking Sector and Financial Markets.

Kinjal Patel of Vrinsoft Technologies’ offers a take on the “Top Game-Changing Blockchain Trends… 2023,” in a HodlX guest post with the categories listed out in the synopsis below (there are none that we shouldn’t be aware of). But I do find it interesting that there are people who still adamantly believe in the potential of blockchain to transform all sorts of industry verticals, even as AI-LLMs are literally spawning new use cases every single day and even faster as the technology compounds upon itself for exponential growth and the fastest iteration cycles we’ve ever experienced as a species.

Check out the Top 8 Must-Have Features for Mobile Crypto Wallets (I think we’re 7 of 8, if I’m not mistaken) puts it clearly and does a fair job of market research for product preference sensitivities. Take a look at the market through the lens of Net Liquidity. MyELisitng, in collaboration with Coinbase Commerce – creates the first platform to buy and sell real estate with crypto, and does it in the US of all places. An opinion-editorial on why the EU has MiCA and the US has regulatory shenanigans, while Treasury Secretary Yellen declares Russia, Iran and China as “conspiring” to dump the Dollar. Meanwhile, smaller economies such as Hong Kong are taking advantage of the US’ misstep to provide fertile grounds for crypto economies. And lastly, Footprint Analytics releases a piece on the potential of blockchain gaming through player data… 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 Completes Integration of 4 New Blockchains Delivering Along its Roadmap for Cross-Chain Interoperability [https://finance.yahoo.com/news/coinweb-completes-integration-4-blockchains-154031366.html?guccounter=1](https://finance.yahoo.com/news/coinweb-completes-integration-4-blockchains-154031366.html?guccounter=1)

Coinweb Prioritises Community Trust with Transparent Reserve Allocation [https://medium.com/@Coinweb.io/coinweb-prioritises-community-trust-with-transparent-reserve-allocation-ce14063b6fa9](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](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](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](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/](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](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](https://www.ceffu.com/blog/coinweb-partners-with-ceffu-for-institutional-crypto-custody?utm_source=twitter&utm_medium=organic_social&utm_campaign=cweb0321)

“A Thread on Refereed Delegation of Computation” by Kawin on Twitter [https://twitter.com/CoinwebOfficial/status/1635952081302589441?s=20](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/](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](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](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/](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](https://www.youtube.com/watch?v=CSKA3cAB15U)

Toby’s full presentation at Token2049-London [https://youtu.be/pdtKx3vAs9c](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](https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit)

**On the Block(chain)**

First Mover Asia: What's Next After Bitcoin's Retreat [https://www.coindesk.com/markets/2023/04/24/first-mover-asia-whats-next-after-bitcoins-retreat/](https://www.coindesk.com/markets/2023/04/24/first-mover-asia-whats-next-after-bitcoins-retreat/)

Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall [https://www.coindesk.com/business/2023/04/21/ether-erases-all-gains-from-shanghai-rally-as-bitcoin-crypto-prices-fall/](https://www.coindesk.com/business/2023/04/21/ether-erases-all-gains-from-shanghai-rally-as-bitcoin-crypto-prices-fall/)

Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright [https://www.coindesk.com/web3/2023/04/22/judge-rules-bored-ape-yacht-club-ripoff-nfts-violated-yuga-copyright/](https://www.coindesk.com/web3/2023/04/22/judge-rules-bored-ape-yacht-club-ripoff-nfts-violated-yuga-copyright/)

Meme season blamed for jump in Ethereum (ETH) gas fees: Glassnode [https://cryptoslate.com/meme-season-blamed-for-jump-in-ethereum-eth-gas-fees/](https://cryptoslate.com/meme-season-blamed-for-jump-in-ethereum-eth-gas-fees/)

Here’s When We Can Get Optimistic About Crypto Markets Again, According to Analyst Benjamin Cowen [https://dailyhodl.com/2023/04/23/heres-when-we-can-get-optimistic-about-crypto-markets-again-according-to-analyst-benjamin-cowen/](https://dailyhodl.com/2023/04/23/heres-when-we-can-get-optimistic-about-crypto-markets-again-according-to-analyst-benjamin-cowen/)

\*\* Competitive Landscape\*\*

Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint [https://www.coindesk.com/business/2023/04/22/here-are-six-new-projects-looking-to-mitigate-bitcoin-minings-energy-footprint/](https://www.coindesk.com/business/2023/04/22/here-are-six-new-projects-looking-to-mitigate-bitcoin-minings-energy-footprint/)

Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking [https://www.coindesk.com/markets/2023/04/21/ethereums-shanghai-upgrade-spurs-institutional-investment-into-staking/](https://www.coindesk.com/markets/2023/04/21/ethereums-shanghai-upgrade-spurs-institutional-investment-into-staking/)

Zero-knowledge proofs vs. CBDCs: the fight for privacy amid central banks’ bid for control [https://cryptoslate.com/zero-knowledge-proofs-vs-cbdcs-the-fight-for-privacy-amid-central-banks-bid-for-control/](https://cryptoslate.com/zero-knowledge-proofs-vs-cbdcs-the-fight-for-privacy-amid-central-banks-bid-for-control/)

Reddit, Stack Overflow to charge AI developers for data harvesting [https://cryptoslate.com/reddit-stack-overflow-to-charge-ai-developers-for-data-harvesting/](https://cryptoslate.com/reddit-stack-overflow-to-charge-ai-developers-for-data-harvesting/)

Top AI dataset pulls data from BitcoinTalk, Steemit, and U.S. SEC [https://cryptoslate.com/top-ai-dataset-pulls-data-from-bitcointalk-steemit-and-u-s-sec/](https://cryptoslate.com/top-ai-dataset-pulls-data-from-bitcointalk-steemit-and-u-s-sec/)

Tron’s $60B goal in sight as stablecoin dominance surges – fueled by Tether’s impressive run [https://cryptoslate.com/trons-60b-goal-in-sight-as-stablecoin-dominance-surges-fueled-by-tethers-impressive-run/](https://cryptoslate.com/trons-60b-goal-in-sight-as-stablecoin-dominance-surges-fueled-by-tethers-impressive-run/)

Ethereum (ETH) Rival Solana (SOL) Rolls Out New Carbon Emissions Dashboard To Track Environmental Footprint [https://dailyhodl.com/2023/04/22/ethereum-eth-rival-solana-sol-rolls-out-new-carbon-emissions-dashboard-to-track-environmental-footprint/](https://dailyhodl.com/2023/04/22/ethereum-eth-rival-solana-sol-rolls-out-new-carbon-emissions-dashboard-to-track-environmental-footprint/)

**US. Coordinated Regulation Failures**

Why the EU Has MiCA and the U.S. Has Securities Law Confusion [https://www.coindesk.com/consensus-magazine/2023/04/20/why-the-eu-has-mica-and-the-us-has-securities-law-confusion/](https://www.coindesk.com/consensus-magazine/2023/04/20/why-the-eu-has-mica-and-the-us-has-securities-law-confusion/)

Gemini to Open a Crypto Derivatives Platform Outside the U.S. [https://www.coindesk.com/business/2023/04/21/gemini-to-open-a-crypto-derivatives-platform-outside-the-us/](https://www.coindesk.com/business/2023/04/21/gemini-to-open-a-crypto-derivatives-platform-outside-the-us/)

Paxful CEO steps down, vows to make users whole by creating a Public Trust [https://cryptoslate.com/paxful-ceo-steps-down-vows-to-make-users-whole-by-creating-a-public-trust/](https://cryptoslate.com/paxful-ceo-steps-down-vows-to-make-users-whole-by-creating-a-public-trust/)

Crypto Now Dead in America as US Authorities Target Nascent Industry, Says Billionaire Chamath Palihapitaya [https://dailyhodl.com/2023/04/23/crypto-now-dead-in-america-as-us-authorities-target-nascent-industry-says-billionaire-chamath-palihapitaya/](https://dailyhodl.com/2023/04/23/crypto-now-dead-in-america-as-us-authorities-target-nascent-industry-says-billionaire-chamath-palihapitaya/)

Incoming ‘FedCoin’ Will Track Everyone in New 1984-Style System, Says Robert Kiyosaki [https://dailyhodl.com/2023/04/23/incoming-fedcoin-will-track-everyone-in-new-1984-style-system-says-robert-kiyosaki/](https://dailyhodl.com/2023/04/23/incoming-fedcoin-will-track-everyone-in-new-1984-style-system-says-robert-kiyosaki/)

Coinbase’s Brian Armstrong Says Congress Needs To Step In Now That SEC Has Caused Untold Harm to US Investors [https://dailyhodl.com/2023/04/23/coinbases-brian-armstrong-says-congress-needs-to-step-in-now-that-sec-has-caused-untold-harm-to-us-investors/](https://dailyhodl.com/2023/04/23/coinbases-brian-armstrong-says-congress-needs-to-step-in-now-that-sec-has-caused-untold-harm-to-us-investors/)

$190,000,000,000 Teachers’ Fund Writes Off Massive Crypto Investment Loss After Collapse of FTX: Report [https://dailyhodl.com/2023/04/23/190000000000-teachers-fund-writes-off-massive-crypto-investment-loss-after-collapse-of-ftx-report/](https://dailyhodl.com/2023/04/23/190000000000-teachers-fund-writes-off-massive-crypto-investment-loss-after-collapse-of-ftx-report/)

Americans’ Savings About To Be Eviscerated by Inflation as US Desperately Tries To Pay Debts: Arthur Hayes [https://dailyhodl.com/2023/04/23/americans-savings-about-to-be-eviscerated-by-inflation-as-us-desperately-tries-to-pay-debts-arthur-hayes/](https://dailyhodl.com/2023/04/23/americans-savings-about-to-be-eviscerated-by-inflation-as-us-desperately-tries-to-pay-debts-arthur-hayes/)

US To Suffer Devastating Hyperinflation, War, Starvation As BRICS Dumps Dollar: Robert Kiyosaki [https://dailyhodl.com/2023/04/23/us-to-suffer-devastating-hyperinflation-war-starvation-as-brics-dumps-us-dollar-robert-kiyosaki/](https://dailyhodl.com/2023/04/23/us-to-suffer-devastating-hyperinflation-war-starvation-as-brics-dumps-us-dollar-robert-kiyosaki/)

**World**

Fed balance sheet declines for fourth consecutive week – down $141B [https://cryptoslate.com/insights/fed-balance-sheet-declines-for-fourth-consecutive-week-down-141b/](https://cryptoslate.com/insights/fed-balance-sheet-declines-for-fourth-consecutive-week-down-141b/)

MyEListing, With Help From Coinbase Commerce, Creates the World’s First Place To Buy and Sell US Real Estate With Crypto [https://dailyhodl.com/2023/04/21/myelisting-with-help-from-coinbase-commerce-creates-the-worlds-first-place-to-buy-and-sell-us-real-estate-with-crypto/](https://dailyhodl.com/2023/04/21/myelisting-with-help-from-coinbase-commerce-creates-the-worlds-first-place-to-buy-and-sell-us-real-estate-with-crypto/)

American Currency Dominance at Risk As China, Russia and Iran Conspire To Dump Dollar: Treasury Secretary Janet Yellen [https://dailyhodl.com/2023/04/22/us-dollar-at-risk-as-china-russia-and-iran-conspire-to-dump-usd-treasury-secretary-janet-yellen/](https://dailyhodl.com/2023/04/22/us-dollar-at-risk-as-china-russia-and-iran-conspire-to-dump-usd-treasury-secretary-janet-yellen/)

US Dollar ‘Finished’, American Empire in Peril As Strategic Rivals Target USD: Ex-Goldman Executive [https://dailyhodl.com/2023/04/22/us-dollar-finished-american-empire-in-peril-as-strategic-rivals-target-usd-ex-goldman-executive/](https://dailyhodl.com/2023/04/22/us-dollar-finished-american-empire-in-peril-as-strategic-rivals-target-usd-ex-goldman-executive/)

Evidence Shows China Is on Quest To Dethrone US Dollar: White House Top Economic Adviser Nominee [https://dailyhodl.com/2023/04/23/chinas-quest-to-dethrone-us-dollar-will-be-detrimental-for-america-white-house-top-economic-adviser-nominee/](https://dailyhodl.com/2023/04/23/chinas-quest-to-dethrone-us-dollar-will-be-detrimental-for-america-white-house-top-economic-adviser-nominee/)

**Thought Leadership**

The Biggest Crypto Bull Cycle Is Upon Us: Bernstein [https://www.coindesk.com/markets/2023/04/18/the-biggest-crypto-bull-cycle-is-upon-us-bernstein/](https://www.coindesk.com/markets/2023/04/18/the-biggest-crypto-bull-cycle-is-upon-us-bernstein/)

Op-ed: Crypto firms should look East for growth opportunities as USD dominance wavers [https://cryptoslate.com/crypto-firms-should-look-east-for-growth-opportunities-as-usd-dominance-wavers/](https://cryptoslate.com/crypto-firms-should-look-east-for-growth-opportunities-as-usd-dominance-wavers/)

Footprint Analytics: Exploring potential of blockchain gaming through player data [https://cryptoslate.com/exploring-potential-of-blockchain-gaming-through-player-data/](https://cryptoslate.com/exploring-potential-of-blockchain-gaming-through-player-data/)

Net Liquidity: A comprehensive look at a vital financial metric [https://cryptoslate.com/market-reports/net-liquidity-a-comprehensive-look-at-a-vital-financial-metric/](https://cryptoslate.com/market-reports/net-liquidity-a-comprehensive-look-at-a-vital-financial-metric/)

Top Eight Must-Have Features To Look For in a Mobile Crypto Wallet [https://dailyhodl.com/2023/04/18/top-eight-must-have-features-to-look-for-in-a-mobile-crypto-wallet/](https://dailyhodl.com/2023/04/18/top-eight-must-have-features-to-look-for-in-a-mobile-crypto-wallet/)

Top Game-Changing Blockchain Trends That Will Transform Industries in 2023 [https://dailyhodl.com/2023/04/19/top-game-changing-blockchain-trends-that-will-transform-industries-in-2023/](https://dailyhodl.com/2023/04/19/top-game-changing-blockchain-trends-that-will-transform-industries-in-2023/)

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*Originally published on [Coinweb.io](https://paragraph.com/@rukawin/the-coinweb-daily-spin-18)*