# The Coinweb Daily Spin By [Coinweb.io](https://paragraph.com/@rukawin) · 2023-04-28 --- **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](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](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](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)** **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](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/](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/](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](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](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](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/](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/](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/](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/](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/](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/](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/](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](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](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/](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/](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/](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/](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/](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/](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](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/](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/](https://cryptoslate.com/coinbase-suggests-sec-action-is-motivated-by-gary-genslers-own-views/) [![]({{DOMAIN}}/editor/youtube/play.png)](https://www.youtube.com/watch?v=zq2jf4sBdYE) 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/](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/](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/](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/](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/](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/](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/](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](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](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](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/](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/](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/](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/](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/](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](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/](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/](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/](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/](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/](https://www.coindesk.com/tv/special-coverage/banking-on-crypto/) ![](https://storage.googleapis.com/papyrus_images/1b393ff9a5d37f22f566a124f478add2916dc9648d3e72791445a1c3e455423f.png) --- *Originally published on [Coinweb.io](https://paragraph.com/@rukawin/the-coinweb-daily-spin-21)*