The Daily Spin. The FOMC Tuesday Edition. Keeping an eye out for the FOMC rate announcement expected tomorrow – while the global banking system continues to collapse, even in the face of multiple and sizable bailouts and acquisitions (UBS’s $3.2B purchase of Credit Suisse among them); there may be up to 200 more banks downstream the line of dominoes to fall, says one analyst. News that SVB did not adequately hedge against interest rate risk is made public by the WSJ. Headlines show Arbitrum’s massive success and metrics, with its DEX volume reaching weekly ATH just days before the launch of the $ARB governance token; as the Layer 2 pivots into a DAO structure of ownership. ChatGPT is already telling us what to do to increase its potential, requesting real-time web3 data. And Microsoft is officially testing an Ethereum Wallet to be bundled in with their Edge browser (not to mention, Bing’s AI).
Polygon has made a strategic partnership announcement with ImmutableX, who will be working together to bring Zk-technology to scale web3 gaming possibilities alongside some very big names in the business, including Square Enix and Unity. They posit that democratizing ownership of game assets is a central goal of theirs, and that the current status quo does not allow for that to happen with an acceptable UX – especially for non-crypto native users. The two projects and their ecosystems have raised a combined amount of over $2B to achieve their objectives.
Almost $20B hit crypto exchanges last week, as USDC records a 10% drop in total supply in the wake of its depeg to the US Dollar. Hacks and rug pulls abound this week, as a major Bitcoin ATM manufacturer gets compromised and is forced to shut down its network. Harvest Keeper AI platform rugs away with almost $1M in customer funds, confirmed by CerTiK cyber-security firm.
On the world stage, Russian lawmakers approve the first draft of laws covering CBDC regulation and issuance; meanwhile DeSantos proposes a bill at state legislature to outlaw centralized CBDCs to operate. Taiwan orders its financial watchdog to regulate the crypto industry, as other Asian countries start to step up their stance on regulations as well. And in a showcase display of centralized authority, India’s Punjab state has been blacked out from all internet services to prevent misinformation and escalation of further violence, as they hunt down Sikh separatist leader Amritpal Singh; an escalation conducted by the the government and police in what is seen to ostensibly be the setup for an extrajudicial murder of the minority political figure… 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 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
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
Toby Gilbert takes the stage at the Thai Technology Investment Summit 2023, “On the future of Web3” and Ain Mohd represents Coinweb on a panel discussing “The Role of Women in Web3”
“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
On the Radar
Ethereum Shanghai Upgrade, Delayed (On-chain)
FOMC Meeting, Mar 21-22 (Washington D.C.)
Arbitrum Airdrop, Mar 23
Polygon zkEVM Launch, Mar 27 (On-chain)
WOW Summit, Mar 29-30 (Hong Kong)
ASEAN Web3 Summit, Mar 30-31 (Singapore)
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
On the Block(chain)
UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun
https://cryptoslate.com/ubs-completes-credit-suisse-deal-for-2b-following-offer-from-justin-sun/
ChatGPT says real-time data from web3, dePIN sources would optimize its potential
https://cryptoslate.com/chatgpt-says-real-time-data-from-web3-depin-sources-would-optimize-its-potential/
USDC in circulation fell over 10% since de-peg event
https://cryptoslate.com/usdc-in-circulation-fell-over-10-since-de-peg-event/
Microsoft Is Testing an Ethereum Wallet in Its Edge Web Browser
https://news.bitcoin.com/microsoft-is-testing-an-ethereum-wallet-in-its-edge-web-browser/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
Major bitcoin ATM manufacturer cuts cloud service after hack
https://crypto.news/major-bitcoin-atm-manufacturer-cuts-cloud-service-after-hack/
Almost $20b in cryptos hit exchanges last week
https://crypto.news/almost-20b-in-cryptos-hit-exchanges-last-week/
Competitive Landscape
Top 5 blockchain projects outperforming Bitcoin’s recent 30% gains
https://cryptoslate.com/top-5-blockchain-projects-outperforming-bitcoins-recent-30-gains/
Polygon and Immutable partner on Web3 gaming
https://cryptoslate.com/polygon-and-immutable-partner-on-web3-gaming/
Silicon Valley Bank Dropped a Hedge Against Rising Rates in 2022
https://www.wsj.com/livecoverage/stock-market-news-today-03-13-2023/card/silicon-valley-bank-dropped-a-hedge-against-rising-rates-in-2022-6MiD9ZLVY9CF8zbIM7ze
‘AI’ DeFi platform Harvest Keeper orchestrates rug pull
https://crypto.news/ai-defi-platform-harvest-keeper-orchestrates-rug-pull/
SHIB price drops along with burn rate
https://crypto.news/shib-price-drops-along-with-burn-rate/
OKX shuttering Canadian operations by mid 2023
https://cryptoslate.com/okx-shuttering-canadian-operations-by-mid-2023/
Arbitrum’s weekly DEX volume touches new ATH
https://cryptoslate.com/arbitrums-weekly-dex-volume-touches-new-ath/
World
Russian lawmakers approve first reading of draft laws establishing CBDC regulation, issuance
https://cryptoslate.com/russian-lawmakers-approves-first-reading-of-draft-laws-establishing-cbdc-regulation-issuance/
India cuts internet to 27 million as Punjab police hunt Sikh separatist
https://www.cnn.com/2023/03/20/india/india-separatist-manhunt-internet-shutdown-intl-hnk
Asian authorities stepping up crypto regulatory efforts
https://crypto.news/asian-authorities-stepping-up-crypto-regulatory-efforts/
Taiwan orders financial watchdog to take over crypto regulations
https://cryptoslate.com/taiwan-orders-financial-watcdog-to-take-over-crypto-regulations/
The Fed has capitulated – daily swap lines introduced as Bitcoin feeds off liquidity
https://cryptoslate.com/insights/the-fed-has-capitulated-daily-swap-lines-introduced-as-bitcoin-feeds-off-liquidity/
Thought Leadership
Gemini founder Tyler Winklevoss describes US banking system as unequal
https://cryptoslate.com/gemini-founder-tyler-winklevoss-describes-us-banking-system-as-unequal/
No comments:
Post a Comment