# The Coinweb Daily Spin

By [Coinweb.io](https://paragraph.com/@rukawin) · 2023-03-29

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**The Daily Spin.** _ZK-Wednesday Edition._ Zero. Knowledge. Proofs. Yesterday, three – I repeat, 3 – ZK Protocols raced to become the first to launch a ZK-based mainnet. Matter Labs won, successfully launching ZKSync’s “Era” mainnet for public use, followed by Polygon’s ZK-EVM rollup which also went live on mainnet; and Starkware, launched Ethereum-tested ZK-proofs on the Bitcoin blockchain. How coincidentally does such a big step forward for the entire industry happen all in one day? One thing’s for sure: this new narrative is taking center stage, right now.

Binance’s CZ responds to CFTC charges, and while it still remains as a civil lawsuit there are elements of a potential criminal lawsuit ahead. The same play was made on Arthur Hayes, who ended up serving jail time in house arrest – coincidentally, right before the bull run of 2021. Does history repeat itself?? Let’s find out! Major bad news hitting the press, and BNB takes a measly 5% hit. BTC held firm at $26,800. DEXs vs CEXs volume ratio has reached its ATH. And more Bitcoin has been leaving exchanges than since December ‘22. If it smells like a bull…

In other headlines, US Renewable Energy production surpasses Coal production, marking a significant milestone in ESG. The ECB president warns that central banks could “losing control” without CBDCs. Metamask warns of a fake token launch campaign, Kokomo pulls the rug for $4m, and Safemoon gets compromised. Telegram launches @wallet bot to enable USDT transfers for users. XRP is up in the double-digits in anticipation of a favorable SEC court ruling. OKex becomes the latest exchange to apply for a Hong Kong VASP license. Sui raises $300m at $2B valuation. Circle’s USDC launches on Cosmos. And in today’s TL section, we have Gains Network, a podcast on Gnosis, stealth addresses, and Lighthouse from Metaverse Fashion Week (MVFW)… 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… 

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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)

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)

Toby’s full presentation at Token2049-London [https://youtu.be/pdtKx3vAs9c](https://youtu.be/pdtKx3vAs9c)

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On the Radar\*\*

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)

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On the Block(chain)\*\*

Longest streak of Bitcoin leaving exchanges since December 2022 [https://cryptoslate.com/insights/longest-streak-of-bitcoin-leaving-exchanges-since-december-2022/](https://cryptoslate.com/insights/longest-streak-of-bitcoin-leaving-exchanges-since-december-2022/)

Binance CEO CZ reveals copy of letter to US Senators – weeks before CFTC lawsuit [https://cryptoslate.com/binance-ceo-cz-reveals-copy-of-letter-to-us-senators-weeks-before-cftc-lawsuit/](https://cryptoslate.com/binance-ceo-cz-reveals-copy-of-letter-to-us-senators-weeks-before-cftc-lawsuit/)

BNB Slips Over 5% Following Binance CFTC Lawsuit [https://decrypt.co/124738/bnb-slips-following-binance-cftc-lawsuit](https://decrypt.co/124738/bnb-slips-following-binance-cftc-lawsuit)

Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger [https://news.bitcoin.com/ethereum-co-founder-says-crypto-ecosystem-has-never-been-better-or-stronger/?utm\_source=OneSignalPush&utm\_medium=notification&utm\_campaign=PushNotifications](https://news.bitcoin.com/ethereum-co-founder-says-crypto-ecosystem-has-never-been-better-or-stronger/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications)

Bitcoin’s correlation to traditional assets raises red flags [https://cryptoslate.com/insights/bitcoins-correlation-to-traditional-assets-raises-red-flags/](https://cryptoslate.com/insights/bitcoins-correlation-to-traditional-assets-raises-red-flags/)

Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal [https://cryptoslate.com/accidentally-burnt-cryptopunk-685-resurrected-becomes-first-official-cryptopunk-ordinal/](https://cryptoslate.com/accidentally-burnt-cryptopunk-685-resurrected-becomes-first-official-cryptopunk-ordinal/)

MakerDAO Ratifies Constitution Aiming to Decentralize DAI [https://thedefiant.io/makerdao-ratifies-constitution-aiming-to-further-decentralize-dai-stablecoin](https://thedefiant.io/makerdao-ratifies-constitution-aiming-to-further-decentralize-dai-stablecoin)

Kokomo Finance Pulls Exit Scam, Takes $4 Million In Investor Funds With It [https://bitcoinist.com/kokomo-finance-pulls-exit-scam/](https://bitcoinist.com/kokomo-finance-pulls-exit-scam/)

Telegram Users Can Now Transfer USDT Through Chats [https://www.coindesk.com/business/2023/03/22/telegram-users-can-now-transfer-usdt-through-chats/?utm\_source=substack&utm\_medium=email](https://www.coindesk.com/business/2023/03/22/telegram-users-can-now-transfer-usdt-through-chats/?utm_source=substack&utm_medium=email)

MetaMask warns of fake token launch campaign [https://cryptoslate.com/metamask-warns-of-fake-token-launch-campaign/](https://cryptoslate.com/metamask-warns-of-fake-token-launch-campaign/)

SafeMoon’s liquidity pool compromised; public burn bug to blame [https://cryptoslate.com/safemoons-liquidity-pool-compromised/](https://cryptoslate.com/safemoons-liquidity-pool-compromised/)

MicroStrategy moves to Bitcoin standard – firm now up +77% [https://cryptoslate.com/insights/microstrategy-moves-to-bitcoin-standard-firm-now-up-77/](https://cryptoslate.com/insights/microstrategy-moves-to-bitcoin-standard-firm-now-up-77/)

XRP rises 10% against Bitcoin as USD value rises to five-month high [https://cryptoslate.com/xrp-rises-10-against-bitcoin-as-usd-value-rises-to-five-month-high/](https://cryptoslate.com/xrp-rises-10-against-bitcoin-as-usd-value-rises-to-five-month-high/)

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Competitive Landscape\*\*

ZkSync Launches ‘Era’ Public Mainnet [https://thedefiant.io/zksync-era-mainnet-live](https://thedefiant.io/zksync-era-mainnet-live) [https://blog.matter-labs.io/gm-zkevm-171b12a26b36](https://blog.matter-labs.io/gm-zkevm-171b12a26b36)

Polygon’s Zero-Knowledge Rollup Goes Live On Mainnet [https://thedefiant.io/polygon-zkevm-live-mainnet](https://thedefiant.io/polygon-zkevm-live-mainnet)

Tested on Ethereum, StarkWare’s Zero-Knowledge Proofs Are Now Live on Bitcoin [https://decrypt.co/124715/tested-ethereum-starkware-zero-knowledge-proofs-are-live-bitcoin](https://decrypt.co/124715/tested-ethereum-starkware-zero-knowledge-proofs-are-live-bitcoin) [https://cryptoslate.com/zero-knowledge-proofs-now-live-on-bitcoin-a-new-era-in-cryptocurrency-privacy/](https://cryptoslate.com/zero-knowledge-proofs-now-live-on-bitcoin-a-new-era-in-cryptocurrency-privacy/)

Teller V2 To Offer Fixed Term Loans Against ‘Any’ Crypto Asset [https://thedefiant.io/teller-v2-lending](https://thedefiant.io/teller-v2-lending)

Layer 1 Blockchain Sui Raises $300M At $2B Valuation [https://thedefiant.io/sui-raises-300m](https://thedefiant.io/sui-raises-300m)

New Lending Protocol Boosts Optimism TVL [https://thedefiant.io/sonne-boosts-optimism-tvl](https://thedefiant.io/sonne-boosts-optimism-tvl)

DEX vs CEX volume ratio is at an all time high [https://twitter.com/haydenzadams/status/1639260598281068544?s=20&utm\_source=substack&utm\_medium=email](https://twitter.com/haydenzadams/status/1639260598281068544?s=20&utm_source=substack&utm_medium=email)

Circle’s USDC to launch on Cosmos [https://cryptoslate.com/circles-usdc-to-launch-on-cosmos/](https://cryptoslate.com/circles-usdc-to-launch-on-cosmos/)

The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses [https://cryptoslate.com/insights/roughly-99-of-busd-supply-is-held-by-the-top-1-addresses/](https://cryptoslate.com/insights/roughly-99-of-busd-supply-is-held-by-the-top-1-addresses/)

Open-Source Blockchain D-Ecosystem Raises $6M Ahead of March 29th IDO [https://cryptoslate.com/press-releases/open-source-blockchain-d-ecosystem-raises-6m-ahead-of-march-29th-ido/](https://cryptoslate.com/press-releases/open-source-blockchain-d-ecosystem-raises-6m-ahead-of-march-29th-ido/)

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**US. Coordinated Regulation Failures**

Binance CEO CZ Responds to US Regulator's Charges [https://news.bitcoin.com/binance-ceo-cz-responds-to-us-regulators-charges/?utm\_source=OneSignalPush&utm\_medium=notification&utm\_campaign=PushNotifications](https://news.bitcoin.com/binance-ceo-cz-responds-to-us-regulators-charges/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications)

U.S. Doubles Down on Crypto Regulations As Industry Pushes Back [https://thedefiant.io/coinbase-tornado-lawsuit](https://thedefiant.io/coinbase-tornado-lawsuit)

US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty [https://www.coindesk.com/consensus-magazine/2023/03/27/crypto-leaving-us/](https://www.coindesk.com/consensus-magazine/2023/03/27/crypto-leaving-us/)

Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse [https://cryptoslate.com/senators-grill-federal-officials-over-lack-of-oversight-into-svb-signature-bank-collapse/](https://cryptoslate.com/senators-grill-federal-officials-over-lack-of-oversight-into-svb-signature-bank-collapse/)

Law firm Cooper & Kirk accuses US regulators of weaponizing banking [https://cryptoslate.com/abuse-of-authority-law-firm-accuses-regulators-of-weaponizing-banking/](https://cryptoslate.com/abuse-of-authority-law-firm-accuses-regulators-of-weaponizing-banking/)

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World\*\*

Renewables Surpass Coal in U.S. Electricity Generation [https://www.statista.com/chart/1503/coal-is-still-americas-predominant-electricity-source/?utm\_source=Statista+Newsletters&utm\_campaign=4f746d2c03-All\_InfographTicker\_daily\_COM\_AM\_KW13\_2023\_Tu&utm\_medium=email&utm\_term=0\_662f7ed75e-4f746d2c03-345164686](https://www.statista.com/chart/1503/coal-is-still-americas-predominant-electricity-source/?utm_source=Statista+Newsletters&utm_campaign=4f746d2c03-All_InfographTicker_daily_COM_AM_KW13_2023_Tu&utm_medium=email&utm_term=0_662f7ed75e-4f746d2c03-345164686)

OKX becomes latest exchange to apply for Hong Kong VASP license [https://cryptoslate.com/okx-becomes-latest-exchange-to-apply-for-hong-kong-vasp-license/](https://cryptoslate.com/okx-becomes-latest-exchange-to-apply-for-hong-kong-vasp-license/)

Disney Cuts Metaverse Unit Amid Company-Wide Layoffs [https://decrypt.co/124725/disney-cuts-metaverse-unit-company-wide-layoffs](https://decrypt.co/124725/disney-cuts-metaverse-unit-company-wide-layoffs)

Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore [https://www.coindesk.com/business/2023/03/27/wassies-nft-prices-surge-as-crypto-twitter-lore-themed-hotel-opens-in-singapore/](https://www.coindesk.com/business/2023/03/27/wassies-nft-prices-surge-as-crypto-twitter-lore-themed-hotel-opens-in-singapore/)

Ticketmaster Debuts NFT-Gated Ticket Sales, Starting With Avenged Sevenfold [https://decrypt.co/124607/ticketmaster-debuts-nft-gated-ticket-sales-starting-avenged-sevenfold](https://decrypt.co/124607/ticketmaster-debuts-nft-gated-ticket-sales-starting-avenged-sevenfold)

SBF charged with bribing Chinese government officials with $40M [https://cryptoslate.com/sbf-charged-with-bribing-chinese-government-officials-with-40m/](https://cryptoslate.com/sbf-charged-with-bribing-chinese-government-officials-with-40m/)

North Korean hacking group APT43 found to rely on cryptocurrency crime [https://cryptoslate.com/north-korean-hacking-group-apt43-found-to-rely-on-cryptocurrency-crime/](https://cryptoslate.com/north-korean-hacking-group-apt43-found-to-rely-on-cryptocurrency-crime/)

ECB president warns central banks could “losing control” without CBDCs [https://cryptoslate.com/ecb-president-warns-central-banks-could-losing-control-without-cbdcs/](https://cryptoslate.com/ecb-president-warns-central-banks-could-losing-control-without-cbdcs/)

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Thought Leadership\*\*

What Is Gains Network? [https://thedefiant.io/what-is-gains-network](https://thedefiant.io/what-is-gains-network)

How Gnosis Has Endured (47mins) [https://open.spotify.com/episode/6XqXv00vhddcsKTmA5VQ4S?si=mT3vPc5wQKq0CMYI8B-uXQ&utm\_source=newsletter&utm\_medium=email&utm\_term=2023-03-29&utm\_campaign=New+day+new+SBF+charge&nd=1](https://open.spotify.com/episode/6XqXv00vhddcsKTmA5VQ4S?si=mT3vPc5wQKq0CMYI8B-uXQ&utm_source=newsletter&utm_medium=email&utm_term=2023-03-29&utm_campaign=New+day+new+SBF+charge&nd=1)

What Are Stealth Addresses? [https://decrypt.co/resources/what-are-stealth-addresses](https://decrypt.co/resources/what-are-stealth-addresses)

Introducing Lighthouse: The world's leading open metaverse navigation engine [https://lighthouse.world/](https://lighthouse.world/)

![](https://storage.googleapis.com/papyrus_images/1b393ff9a5d37f22f566a124f478add2916dc9648d3e72791445a1c3e455423f.png)

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*Originally published on [Coinweb.io](https://paragraph.com/@rukawin/the-coinweb-daily-spin-5)*