# The Coinweb Daily Spin By [Coinweb.io](https://paragraph.com/@rukawin) · 2023-03-24 --- **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/](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](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) Coinweb’s Fireside Chat Series, digitALL: Innovation and Technology for Gender Equality [https://twitter.com/CoinwebOfficial/status/1636676933361745920?s=20](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](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) 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](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](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) “A Thread on Guaranteed Liveness and the Coinweb Routing System” by Anton on Twitter [https://twitter.com/CoinwebOfficial/status/1630052477579169793?s=20](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](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/](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](https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders) Toby’s full presentation at Token2049-London [https://youtu.be/pdtKx3vAs9c](https://youtu.be/pdtKx3vAs9c) \*\* \*\* \*\*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](https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit) \*\* \*\* **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/](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/](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/](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/](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](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/](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/](https://crypto.news/litecoin-ltc-price-surges-over-9-pre-terra-highs-in-sight/) \*\* Competitive Landscape\*\* Arbitrum network activity booms ahead of airdrop [https://cryptoslate.com/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/](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/](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/](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/](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/](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](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](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/](https://crypto.news/solanas-tvl-growth-shoots-past-avalanche-and-bnb/) \*\* US. Coordinated Regulation Failures\*\* SEC issues investor alert over crypto investments [https://cryptoslate.com/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/](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/](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/](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/](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/](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/](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](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](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](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/](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](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](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](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](https://twitter.com/watcherguru/status/1638860184821825538?s=46&t=d5nuVMonz8BX6y7xSWK5ag) \*\* 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/](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](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/](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](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](https://www.bloomberg.com/news/features/2023-03-23/will-there-be-a-recession-depends-on-inflation-banking-crisis) ![](https://storage.googleapis.com/papyrus_images/1b393ff9a5d37f22f566a124f478add2916dc9648d3e72791445a1c3e455423f.png) --- *Originally published on [Coinweb.io](https://paragraph.com/@rukawin/the-coinweb-daily-spin-2)*