The Daily Spin. Fourth Friday Mega-Edition. Today’s mega-edition covers all the major headlines from the Consensus 2023 conference, the recent back-and-forth between Chair Gensler and Coinbase (highly recommend watching Coinbase’s 14-min video response to the Wells Notice), the price action of Bitcoin in the last 24hrs reflecting the ease of potential price manipulation of which $300m in leverage was liquidated out of the market on both long and short positions in a stunningly short timeframe – linked to Arkham Intelligence’s FUD concerning Mt.Gox liquidations and US Gov. selling of BTC (which has not actually yet occurred, and should be priced into the market already). More fuel to Gensler to continue to deny a Bitcoin Spot ETF citing ease of market manipulation.
First up, we have coverage of this month’s landmark Coinweb event with KuCoin Labs, Elevate Ventures and Thai-artist led Gangster All-stars – held at the Soho House Bangkok on Wednesday night. An article release explaining Coinweb’s Gas Fee Abstraction mechanism is about to go to print on Medium, catch a preview here on The Spin!
Robinhood opens up access to 3rd party wallets to connect, Polygon collaborates with Google Cloud and Filecoin as they break into the cloud services market. Arbitrum founder addresses DAO governance concerns and optics. Tokenization is cited by JPMorgan as TradFi’s “killer app.” Boost VC opines that Coinbase will be the “best investment” for the next 5 years. William Shatner enters the NFT space at warp speed. CoinDesk Indices and CoinFund launch an Ethereum staking benchmark. Check out AI Arena, Co:Create, and NFT Collective Proof – some top projects on the radar atm.
In the reg space, the UK Tax Authority makes revisions to its rules for DeFi and Staking. The CFTC issues its biggest ever fine of $3.4B for a Bitcoin MLM scheme. FTX confirms the restart of their Japan exchange, takes control of over $4m in NFTs. Terra founders are formally charged by the South Korean authorities. And just to top it all off, LBank lists $GENSLR as a memecoin on its global exchange… 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
Implementing Gas Fee Abstraction on Coinweb https://medium.com/@Coinweb.io/c6843ec6613b
Coinweb’s Monthly Event Marks 1 Year Anniversary of Organising “The Best Events in the Crypto Space” feat. KuCoin Labs, Elevate Ventures, and Gangster All-stars https://www.linkedin.com/feed/update/urn:li:activity:7057558628181962752
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
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
“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) PCE Price Index Report, Apr 28 (Washington DC)
FOMC Meeting, May 2-3 (Washington DC) Web3 Weekend, May 8-13 (Jakarta) Consumer CPI Index Print, May 10 (Washington DC) 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)
Assessing Bitcoins price action over the last 12 hours https://cryptoslate.com/insights/assessing-bitcoins-price-action-over-the-last-12-hours/
Arkham denies erroneous Bitcoin alert; says alert was sent just after 6% crash https://cryptoslate.com/intelligence-platform-arkham-sent-incorrect-bitcoin-alert-coinciding-with-6-crash/
Arbitrum initiates token distribution to ecosystem DAOs https://www.theblock.co/post/228087/arbitrum-token-distribution-ecosystem-dao?utm_source=coinstack.beehiiv.com&utm_medium=newsletter&utm_campaign=arbitrum-airdrops-145m-in-tokens-to-daos
Ethereum staking outflows hit $1.3bn one week after Shapella upgrade https://www.dlnews.com/articles/defi/ethereum-staking-outflows-13-bn-after-shapella-upgrade/?utm_source=coinstack.beehiiv.com&utm_medium=newsletter&utm_campaign=arbitrum-airdrops-145m-in-tokens-to-daos
The Crypto Detectives Are Cleaning Up https://www.nytimes.com/2023/04/22/business/crypto-blockchain-tracking-chainalysis.html
Binance CEO Changpeng Zhao ‘CZ’ calls Bloomberg Rich List entry fake news… “4” https://cryptoslate.com/binance-ceo-changpeng-zhao-cz-calls-bloomberg-rich-list-entry-fake-news/
CoinDesk Indices, Crypto Asset Manager CoinFund Launch an Ethereum Staking Benchmark Rate https://www.coindesk.com/markets/2023/04/27/coindesk-indices-crypto-asset-manager-coinfund-launch-an-ethereum-staking-benchmark-rate/
OKX’s Ex-CEO Jay Hao joins Sensorium Advisory Board to advance Web3 development https://cryptoslate.com/okxs-ex-ceo-jay-hao-joins-sensorium-advisory-board-to-advance-web3-development/
FTX takes control of NFTs worth over $4M https://cryptoslate.com/ftx-takes-control-of-nfts-worth-over-4m/
Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations https://cryptoslate.com/bitrue-says-technical-glitch-impacted-xrp-orders-on-its-system/
**
Competitive Landscape**
Robinhood Connect to allow access from external crypto wallets https://cryptoslate.com/robinhood-connect-to-allow-access-from-external-crypto-wallets/
Polygon partners with Google Cloud as Filecoin breaks into cloud market https://cryptoslate.com/polygon-partners-with-google-cloud-as-filecoin-breaks-into-cloud-market/
How AI Arena is Levelling the Playing Field https://medium.com/@aiarena/how-ai-arena-is-levelling-the-playing-field-312e1d40eac3
Boys Club Unleashes the Power of Customizable Social Rewards with Co:Create https://medium.com/use-co-create/boys-club-unleashes-the-power-of-customizable-social-rewards-with-co-create-367fe3c994d5
Arbitrum Co-Founder Addresses DAO Vote Fiasco, Waves Off Allegations of ‘Decentralization Theater’ https://www.coindesk.com/tech/2023/04/27/arbitrum-co-founder-addresses-dao-vote-fiasco-waves-off-allegations-of-decentralization-theater/
NFT Collective Proof Is Building a 3D World for Its Moonbirds Community https://www.coindesk.com/web3/2023/04/27/nft-collective-proof-is-building-a-3d-world-for-its-moonbirds-community/
Tokenization Is 'Killer App' for TradFi: JPMorgan https://www.coindesk.com/business/2023/04/27/tokenization-is-the-killer-app-for-tradfi-jpmorgan/
Coinbase Will Be 'Best Investment' Over Next 5 Years: Boost VC's Adam Draper https://www.coindesk.com/business/2023/04/27/coinbase-will-be-best-investment-over-next-five-years-boost-vcs-adam-draper/
William Shatner Warps Into Web3 With ‘Infinite Connections’ NFT Release https://www.coindesk.com/business/2023/04/27/william-shatner-warps-into-web3-with-infinite-connections-nft-release/
US. Coordinated Regulation Failures
US on Rapid Path to Default, Triggering Other Countries To Dump Dollar: Former Congressman Ron Paul https://dailyhodl.com/2023/04/27/us-on-rapid-path-to-default-triggering-other-countries-to-dump-dollar-former-congressman-ron-paul/
First Republic works on plan to prevent government seizure https://www.ft.com/content/818c44cb-0612-47c7-8b6f-3f5e1c38f009
SEC Chairman Gensler Releases Another Video Dig at Crypto Industry https://www.coindesk.com/policy/2023/04/27/us-secs-gensler-releases-another-video-dig-at-crypto-industry/
Coinbase suggests SEC action is motivated by Gary Gensler’s own views (14mins) https://cryptoslate.com/coinbase-suggests-sec-action-is-motivated-by-gary-genslers-own-views/
SEC’s Gensler analogizes crypto vs. securities to calling a dog a goldfish; sparks community backlash https://cryptoslate.com/secs-gensler-analogizes-crypto-vs-securities-to-calling-a-dog-a-goldfish-sparks-community-backlash/
Congressmen raise concerns over prudential regulators’ effort to ‘de-bank’ crypto industry https://cryptoslate.com/congressmen-raise-concerns-over-prudential-regulators-effort-to-de-bank-crypto-industry/
CFTC fines South African CEO $3.4B over Bitcoin MLM scheme https://cryptoslate.com/cftc-fines-south-african-ceo-3-4b-over-bitcoin-mlm-scheme/
Please Enjoy the Final Crypto Winter https://www.coindesk.com/consensus-magazine/2023/04/26/us-crypto-regulations-end-crypto-winter-opinion/
Redditors blast FT article on crypto criminality for one-sided view https://cryptoslate.com/redditors-blast-ft-article-on-crypto-criminality-for-one-sided-view/
LBank Lists Memecoin $GENSLR on Its Global Exchange https://cryptoslate.com/press-releases/lbank-lists-memecoin-genslr-on-its-global-exchange/
World
BOJ's new boss keeps ultra-low rates, embarks on policy review https://www.reuters.com/markets/asia/boj-chief-ueda-faces-communication-test-debut-policy-meeting-2023-04-27/
Terra co-founder Daniel Shin and nine others formally charged by South Korea https://www.theblock.co/post/228098/daniel-shin-terra-co-founder-charged?utm_source=coinstack.beehiiv.com&utm_medium=newsletter&utm_campaign=arbitrum-airdrops-145m-in-tokens-to-daos
Salaries for Chinese city civil servants to be released in digital yuan https://www.forbesindia.com/article/cryptocurrency/salaries-for-chinese-city-civil-servants-to-be-released-in-digital-yuan/84565/1
Germany in Talks to Limit the Export of Chip Chemicals to China https://www.bloomberg.com/news/articles/2023-04-27/germany-in-talks-to-limit-the-export-of-chip-chemicals-to-china
Bahamian Prime Minister Doesn’t Regret FTX https://www.coindesk.com/policy/2023/04/27/bahamian-prime-minister-says-he-doesnt-regret-ftx-says-sbf-put-his-country-on-the-map-for-crypto/
FTX confirms plans to restart its Japanese exchange https://cryptoslate.com/ftx-confirms-plans-to-restart-its-japanese-exchange/
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking https://www.coindesk.com/policy/2023/04/27/uk-tax-authority-proposes-legislative-change-to-treatment-of-defi-lending-staking/
Vigilante hacker burns hundreds of BTC held in wallets used by Russian intelligence https://cryptoslate.com/vigilante-hacker-burns-hundreds-of-btc-held-in-wallets-used-by-russian-intelligence/
Senator Kempis and Samson Mow join forces for Bitcoin legal tender in Mexico https://cryptoslate.com/senator-kempis-and-samson-mow-join-forces-for-bitcoin-legal-tender-in-mexico/
Thought Leadership
Coinbase's Institutional Onboarding: An Inside Look w/ Raoul Pal https://www.youtube.com/watch?v=VUvScKiaxKI
3 Giga-Brained Ideas From Consensus Day 2 https://www.coindesk.com/consensus-magazine/2023/04/28/3-giga-brained-ideas-from-consensus-day-2/
Leaders in Decentralized Identity Slam Soulbound Tokens https://www.coindesk.com/web3/2023/04/27/leaders-in-decentralized-identity-slam-soulbound-tokens/
Web3 Can Be 'the Trust Layer' to Counter Issues Raised by AI https://www.coindesk.com/web3/2023/04/27/web3-can-be-the-trust-layer-to-counter-issues-raised-by-ai/
Bye-Bye Bitcoin Bear https://www.coindesk.com/markets/2023/04/27/bye-bye-bitcoin-bear/
Consensus 2023 Special Coverage: Banking on Crypto (60mins) https://www.coindesk.com/tv/special-coverage/banking-on-crypto/
