The Daily Spin. Fractal Friday Edition. Arbitrum airdrops 1.2B ARB tokens into the crypto markets. Coinbase stands their ground against the SEC, moves select staking products on-chain. Uphold folds like Kraken did and shuts down staking products. Justin Sun gets hit with a subpoena. Do Kwon was arrested in Montenegro, and is being charged with 11 counts by the NY Attorney General’s office. It is unclear whether the US had a hand in making the apprehension, but the extradition seems to be swiftly underway.
Litecoin surges 9% to near pre-Terra level prices. Solana TVL shoots past BNB and Avalanche. Magic Eden launches gaming platform. Yesports launches a bigger web3 gaming platform along with 40 partners. StormGain DEX launches user-friendly DeFi platform. Bitkeep raises $30M from BitGet to develop their multi-chain wallet solution; Celer Network announces expanded support for OmniSwap, a cross-chain DeFi platform; Sovryn introduces a “Bitcoin Dollar” to combat centralized stablecoins. UAE releases the Digital Dirham CBDC, Centi launches a CHF Stablecoin backed by the Swiss Central Bank – here is a real-time map of what’s going on in the world’s CBDC arena: https://cbdctracker.org/
Bitcoin liquidity is drying up, the mempool is uncharacteristically large, and USDT dominance grows to over 60%; fundamentals are shifting. A lot of controversy in the US, and the new section covering corporate socialist agenda holds its own and continues to be a new category, even though I only meant for it to be temporary… 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’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
The Coinweb Monthly Spin - 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-fifth-edition
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
“A Thread on Guaranteed Liveness and the Coinweb Routing System” by Anton on Twitter https://twitter.com/CoinwebOfficial/status/1630052477579169793?s=20
“A Thread on Rollups, Monolithic, and Modular Blockchains” by Kawin on Twitter https://twitter.com/rukawin/status/1616342851507613696?s=46&t=BjBOK3soH3kOMbsWEa_jlg
Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/
KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs) https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders
Toby’s full presentation at Token2049-London https://youtu.be/pdtKx3vAs9c
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**On the Radar **
Polygon zkEVM Launch, Mar 27 (On-chain) WOW Summit, Mar 29-30 (Hong Kong) ASEAN Web3 Summit, Mar 30-31 (Singapore)
Ethereum Shanghai-Capella Upgrade, Apr 12 (On-chain) Hong Kong Web3 Festival, Apr 12-15 (Wan Chai, Hong Kong) Consensus 2023, Apr 26-28 (Austin, Texas)
Web3 Weekend, May 8-13 (Jakarta)
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
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On the Block(chain)
Bitcoin liquidity situation worsening; volatility expected to be enhanced https://cryptoslate.com/insights/bitcoin-liquidity-situation-worsening-volatility-expected-to-be-enhanced/
Bitcoin, mempool explodes; not Ordinals driven https://cryptoslate.com/insights/bitcoin-mempool-explodes-not-ordinals-driven/
Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano https://cryptoslate.com/coinbase-moves-to-on-chain-staking-for-tezos-cosmos-solana-and-cardano/
FTX plans to sell stake in Mysten Labs for $96M https://cryptoslate.com/ftx-plans-to-sell-stake-in-mysten-labs-for-96m/
Do Kwon Charged With Fraud by US Prosecutors in New York https://www.bloomberg.com/news/articles/2023-03-23/do-kwon-charged-with-fraud-by-us-prosecutors-in-new-york
Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins https://dailyhodl.com/2023/03/16/sovryn-introduces-decentralized-bitcoin-backed-sovryn-dollar-to-combat-centralized-stablecoins-tweak/
Litecoin (LTC) price surges over 9%, pre-terra highs in sight https://crypto.news/litecoin-ltc-price-surges-over-9-pre-terra-highs-in-sight/
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Competitive Landscape**
Arbitrum network activity booms ahead of airdrop https://cryptoslate.com/arbitrum-network-activity-booms-ahead-of-airdrop/
Over 300M Arbitrum ARB tokens claimed; price plunges 90% https://cryptoslate.com/over-300m-arbitrum-arb-tokens-claimed-price-plunges-90/
Magic Eden eyes growth in web3 gaming following launch of Magic Eden Games https://cryptoslate.com/magic-eden-eyes-growth-in-web3-gaming-following-launch-of-magic-eden-games/
USDT dominance exceeds 60% – fundamentals for stablecoins declining at rapid rates https://cryptoslate.com/insights/usdt-dominance-exceeds-60-fundamentals-for-stablecoins-declining-at-rapid-rates/
StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading https://cryptoslate.com/press-releases/stormgain-launches-stormgain-dex-for-user-friendly-decentralized-crypto-trading/
Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners https://dailyhodl.com/2023/03/21/yesports-launches-the-largest-esports-marketplace-for-gaming-expansion-into-web3-alongside-40-partners/
Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi https://news.bitcoin.com/multichain-wallet-bitkeep-raises-30-million-from-bitget-to-strengthen-links-between-defi-and-cefi/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
Celer announces expanded support for OmniBTC's OmniSwap, a cross-chain DeFi platform https://twitter.com/celernetwork/status/1638692038978965504?s=46&t=d5nuVMonz8BX6y7xSWK5ag
Solana’s TVL growth shoots past Avalanche and BNB https://crypto.news/solanas-tvl-growth-shoots-past-avalanche-and-bnb/
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US. Coordinated Regulation Failures**
SEC issues investor alert over crypto investments https://cryptoslate.com/sec-issues-investor-alert-over-crypto-investments/
Coinbase’s Brian Armstrong criticizes US crypto regulation, SEC behavior in Twitter Space https://cryptoslate.com/coinbases-brian-armstrong-criticizes-us-crypto-regulation-sec-behavior-in-twitter-space/
Polygon, ex-Meta executives defend Coinbase following SEC Wells notice https://cryptoslate.com/polygon-ex-meta-executives-defend-coinbase-following-sec-wells-notice/
Uphold ends staking for US customers following SEC guidance https://cryptoslate.com/uphold-ends-staking-for-us-customers-following-sec-guidance/
Congressman Emmer introduces bill providing ‘safe harbor’ to miners, developers and wallets https://cryptoslate.com/congressman-emmer-introduces-bill-providing-safe-harbor-to-miners-developers-and-wallets/
Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’ https://cryptoslate.com/circle-ceo-says-aggressive-regulatory-actions-on-crypto-caused-deep-market-anxiety/
White House Says ‘Bitcoin Has Not Announced Plans to Adopt Proof-of-Stake’ in Wild Economic Report https://dailyhodl.com/2023/03/22/white-house-says-bitcoin-has-not-announced-plans-to-adopt-proof-of-stake-in-wild-economic-report/
Credit Suisse, UBS Among Banks Facing DOJ Russia-Sanctions Probe https://www.bloomberg.com/news/articles/2023-03-23/credit-suisse-ubs-among-banks-facing-doj-russia-sanctions-probe
Five Key Moments From TikTok CEO’s Combative Hearing in Congress https://www.bloomberg.com/news/articles/2023-03-23/five-key-moments-from-tiktok-ceo-s-combative-hearing-in-congress
SEC vs. Justin Sun https://www.docdroid.net/owTRUU3/justin-pdf
**
World**
Centi launches CHF stablecoin backed 1:1 by a Swiss bank https://cryptoslate.com/centi-launches-chf-stablecoin-backed-11-by-a-swiss-bank/
Toshiba Accepts $15 Billion Buyout Offer from JIP, Nikkei Says https://www.bloomberg.com/news/articles/2023-03-23/toshiba-accepts-15-billion-buyout-offer-from-jip-nikkei-says
New Feature Enables Nigerian Metamask Wallet Users to Buy Crypto Assets Within the App https://news.bitcoin.com/new-feature-enables-nigerian-metamask-wallet-users-to-buy-crypto-assets-within-the-app/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
German Government Invests $1.2 Million in Metaverse Startup Flying Sheep Studios https://news.bitcoin.com/german-government-invests-1-2-million-in-metaverse-startup-flying-sheep-studios/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
UAE Central Bank launches its 'Digital Dirham' CBDC strategy https://twitter.com/watcherguru/status/1638860184821825538?s=46&t=d5nuVMonz8BX6y7xSWK5ag
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Thought Leadership**
Op-ed: The unspoken Ethereum revolution: Are EOAs becoming obsolete? https://cryptoslate.com/op-ed-the-unspoken-ethereum-revolution-are-eoas-becoming-obsolete/
How “Payment Banks” Could Prevent the Next Bank Collapse https://hbr.org/2023/03/how-payment-banks-could-prevent-the-next-bank-collapse
Attacks on CBDCs highlight crypto’s new battleground https://www.dlnews.com/articles/defi/cbdc-republican-white-house-fna-r3-digital-dollar-federal-reserve/
A Mega Deep Dive into Stablecoins and LiquityProtocol's $LUSD https://twitter.com/0xsurferboy/status/1636306346567151616?s=20
Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both? https://www.bloomberg.com/news/features/2023-03-23/will-there-be-a-recession-depends-on-inflation-banking-crisis
