This edition of the Weekly Spin is published on-chain via Mirror.xyz and can be collected at:
https://mirror.xyz/rukawin.eth/jagdQ1nYVyk9dc8fiZvClOihKjHNsALzbP8tt-UbA0c
The Weekly Spin. Thirteenth Edition. An exciting week for science and politics, with the new superconductive material LK-99 being buzzed around the world as a potential solution to abundance, and of course Trump getting indicted on 4 felony charges promises to spice things up for 2024. The crypto industry also saw a lot of action, from the much-anticipated launch of the BASE L2 blockchain to over 12 filings last week to the SEC for a spot Ethereum ETF. Decisions on the BTC ETF applications, including the spotlight on BlackRock, are due to be announced this week.
We are in the midst of some rattling market shake ups, yet Bitcoin long-term holders and price support remains strong at the $29k level. The shake ups include major events such as the aftermath of the Curve Finance exploit, KuCoin suspending Bitcoin and Litecoin mining pools, and Tether’s allegations of price manipulation by Binance. On the competitive side, Verse 3.0 launches unified CEX-DEX trading, the first of its kind; OKex launches “account abstraction” enabled smart contract wallets; Bitrock sidechain was launched as an alternative to the Lightning Network; Binance re-enters the Japanese market with 34 listings; and QuickNode is now available on AWS services. On the regulatory side, crypto staking is now taxable in the United States as they try to strap down on rules and bills proposed in Congress; meanwhile, the UK’s BoE releases a paper on XRP use cases. Gary Gensler turns his attention to AI, and HSBC launches Bitcoin and Ethereum ETFs in Hong Kong… 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
The Coinweb Monthly Spin, our round-up of Coinweb-related events, updates, and news from the Web3 industry – July Edition
https://coinweb.beehiiv.com/
CryptoBanter’s Miles Deutscher Releases Video of Deep Dive on Coinweb
Join Miles Deutscher in this special edition of Crypto Banter DeFi for a deep dive into Coinweb and a chance for early access & a $1000 Giveaway!
https://youtu.be/uAB1kW-nkjk
Coinweb’s InChain Architecture
What is InChain data?
https://www.medium.com/@Coinweb.io/coinwebs-inchain-architecture-577344971114
Toby Gilbert featured on “Bridged Podcast” – A Green Thru Series: ep. 46
Join us as we uncover the secrets behind Coinweb's groundbreaking architecture as we speak with Toby, CEO at Coinweb, a protocol that connects and unifies self-sovereign blockchains through a common currency, enabling seamless communication, cross-chain transactions, and empowering the future of decentralised finance.
https://greenthru.org/episodes/202306210930-podcast-46-tobygilbert-gml5p-k77ds-2hdb5-4tzhs-6m7lt-sl9jm-fx73y-aae5g-kh9z7-wb3gw-d8ewn-zfjah
A Thread on the Coinweb “Token Shield” and How It Works
https://twitter.com/CoinwebOfficial/status/1667167179287011330?s=20
Venture Alpha Podcast by Contango: Episode 7
Making Blockchain Accessible with a Revolutionary Cross-Chain Ecosystem
https://open.spotify.com/episode/3QW9iSHaVsMRIGlRo5msyS?si=jBV58G5kQUOhVDrbFyLg0A&nd=1
On the Radar
BASE Layer 2 Release to Public, Aug 9 (Ethereum)
Web3Conf India, Aug 11-14 (Goa)
SEC Bitcoin ETF Decision, Aug 13 (Washington D.C.)
ETH Toronto, Aug 13-16 (Toronto)
Coinfest Asia by Coinvestasi, Aug 24-25 (Bali)\*
ETH Warsaw, Aug 30-Sep 3 (Warsaw)
Starknet Summit, Aug 31 (San Francisco)
Korea Blockchain Week, Sep 4-9 (Seoul)
Nordic Blockchain Conference 2023, Sep 6-7 (Copenhagen)
Near APAC, Sep 8-12 (Ho Chi Minh City)
Ethereum Singapore, Sep 10-12 (Singapore)
DappCON23, Sep 11-13 (Berlin)
TOKEN2049, Sep 13-14 (Singapore)\*
Metaverse Summit, Sep 21-22 (Paris)
ETHGlobal New York Hackathon, Sep 22-24 (New York City)
Stellar Meridian 2023, Sep 26-28 (Madrid)
Fintech Festival Asia, Sep 27-28 (Bangkok)\*
Blockchain Economy Summit, Oct 4-5 (Dubai)
Zebu Live, Oct 4-5 (London)
ETHGlobal Online Hackathon, Oct 6-25 (Virtual)
ETH Miami 2023, Oct 27-29 (Miami)
ETH Vietnam, Oct 27-29 (Hanoi)
Solana BreakPoint 2023, Oct 30-Nov 3 (Amsterdam)
Blockchain Events curated by CryptoNomad
https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit
Web3 Events by NFTTech
https://www.nfttech.com/events
On the Block(chain)
Coinbase to release Base layer-2 for public access
https://crypto.news/coinbase-to-release-base-layer-2-for-public-access/
Biggest Base DEX LeetSwap pauses trading amid exploit concerns
https://crypto.news/biggest-base-dex-leetswap-pauses-trading-amid-exploit-concerns/
Consensys debuts automated smart contract security solution Fuzzing
https://crypto.news/consensys-debuts-automated-smart-contract-security-solution-fuzzing/
Long-term Bitcoin holder supply posts new ATH, undeterred by price
https://cryptoslate.com/long-term-holder-btc-supply-posts-new-ath/
Non-profit Glo launches stablecoin leveraging yields to alleviate extreme poverty
https://cryptoslate.com/exclusive-non-profit-glo-launches-stablecoin-leveraging-yields-to-alleviate-extreme-poverty/
Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave
https://crypto.news/curves-founder-sells-7-5-million-crv-settles-3-million-debt-on-aave/
KuCoin suspends Bitcoin and Litecoin mining pools
https://crypto.news/kucoin-suspends-bitcoin-and-litecoin-mining-pools/
Tether CTO claims USDT price being manipulated, some suggest Binance involvement
https://crypto.news/tether-cto-claims-usdt-price-being-manipulated-some-suggest-binance-involvement/
Competitive Landscape
3.0 Verse Launches Unified Marketplace for CeFi and DeFi Trading
https://cryptoslate.com/press-releases/3-0-verse-launches-unified-marketplace-for-cefi-and-defi-trading/
OKX wallet launches account abstraction-powered ‘smart account’ feature
https://crypto.news/okx-wallet-launches-account-abstraction-powered-smart-account-feature/
Binance re-enters Japan with 34 tokens listed
https://crypto.news/binance-re-enters-japan-with-34-tokens-listed/
Etihad Airways to launch web3 loyalty program with NFTs
https://crypto.news/etihad-airways-to-launch-web3-loyalty-program-with-nfts/
QuickNode Now Available in AWS Marketplace
https://cryptoslate.com/press-releases/quicknode-now-available-in-aws-marketplace/
TRON ecosystem grows amid increasing DeFi activity
https://cryptoslate.com/tron-ecosystem-grows-amid-increasing-defi-activity/
ChainAware.ai aims to revolutionize crypto security
https://crypto.news/chainaware-ai-aims-to-revolutionize-crypto-security/
Bitrock sidechain launched, offers low fees, speed, and high security
https://crypto.news/bitrock-sidechain-launched-offers-low-fees-speed-and-high-security/
Binance remains the biggest exchange, Upbit outperforms Coinbase, OKX in July: report
https://crypto.news/binance-remains-the-biggest-exchange-upbit-outperforms-coinbase-okx-in-july-report/
US. Coordinated Regulation Failures
SEC chair Gary Gensler pivots agency’s attention to AI: “We can get to crypto later”
https://cryptoslate.com/sec-chair-gary-gensler-pivots-agencys-attention-to-ai-we-can-get-to-crypto-later/
IRS clarifies rules on crypto staking rewards
https://cryptoslate.com/irs-clarifies-rules-on-crypto-staking-rewards/
Staking rewards are now taxable, says IRS
https://crypto.news/staking-rewards-are-now-taxable-says-irs/
Ripple legal chief says Terra ruling does not change XRP’s status
https://cryptoslate.com/ripple-legal-chief-says-terra-ruling-doesnt-change-xrps-status/
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
https://cryptoslate.com/elizabeth-warren-pressures-treasury-irs-for-swift-action-on-50b-crypto-tax-loophole/
Hex loses $500M in market cap after SEC lawsuit; token removed from MetaMask, Uniswap
https://cryptoslate.com/hex-market-cap-drops-nearly-500m-after-sec-lawsuit-while-pulsechain-sees-boosted-trading-volume/
World
Bank of England releases new paper on Ripple use cases
https://crypto.news/bank-of-england-releases-new-paper-on-ripple-use-cases/
Dubai expands crypto licenses, granting approval to Nomura
https://cryptoslate.com/dubai-expands-crypto-licenses-granting-approval-to-nomura/
Meta’s AI chatbots could go live by September
https://cryptoslate.com/metas-ai-chatbots-could-go-live-by-september/
KX drives web3 adoption with crypto startup investments
https://crypto.news/kx-drives-web3-adoption-with-crypto-startup-investments/
Kenya suspends Worldcoin operations over security and data concerns
https://crypto.news/kenya-suspends-worldcoin-operations-over-security-and-data-concerns/
Bitnovo reveals Spain’s rapidly increasing crypto adoption
https://crypto.news/bitnovo-reveals-spains-rapidly-increasing-crypto-adoption/
Ukraine claims $81m tax gap from unregulated crypto exchanges
https://crypto.news/ukraine-claims-81m-tax-gap-from-unregulated-crypto-exchanges/
HSBC unveils bitcoin and ethereum ETF in Hong Kong
https://crypto.news/hsbc-unveils-bitcoin-and-ethereum-etf-in-hong-kong/
Thought Leadership
Worldcoin plans to open-source design of iris-scanning orbs
https://crypto.news/worldcoin-plans-to-open-source-design-of-iris-scanning-orbs/
Twitter user unveils possible mastermind behind BALD rug pull
https://crypto.news/twitter-user-unveils-possible-mastermind-behind-bald-rug-pull/
Web3×LLM On-Chain Contract Analysis Tool “DeCipher” Sparks Excitement Among Developers and Researchers
https://cryptoslate.com/press-releases/web3xllm-on-chain-contract-analysis-tool-decipher-sparks-excitement-among-developers-and-researchers/
U.S. debt ceiling hike: A gateway to exponential borrowing
https://cryptoslate.com/insights/u-s-debt-ceiling-hike-a-gateway-to-exponential-borrowing/
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