{"id":308,"date":"2023-04-15T11:00:20","date_gmt":"2023-04-15T11:00:20","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=308"},"modified":"2023-06-04T19:34:52","modified_gmt":"2023-06-04T19:34:52","slug":"weekly-headlines-2023-4-w2","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/04\/15\/weekly-headlines-2023-4-w2\/","title":{"rendered":"Weekly Headlines 2023.4 W2"},"content":{"rendered":"\n

The possibilities that Web3 can offer are vast and only limited by our own imaginations.\u201d  <\/em><\/strong>\u2013 Haider Rafique, global chief marketing officer at OKX<\/em><\/p>\n\n\n\n

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Weekly News Report:<\/strong><\/p>\n\n\n\n

News<\/strong><\/p>\n\n\n\n

1. Amazon launches new Bedrock AI service to take on Google and OpenAI<\/p>\n\n\n\n

\u2013 AWS is launching Bedrock, an AI service that will allow users to build out generative models from AI21 Labs, Anthropic, Stability AI and Amazon.<\/p>\n\n\n\n

2. Solana\u2019s Crypto-Ready \u2018Saga\u2019 Smartphone Goes on Sale May 8<\/p>\n\n\n\n

\u2013 Solana Labs\u2019 crypto-forward smartphone Saga will go on public sale May 8, the company behind the Solana blockchain said Thursday. Pre-ordered devices are shipping now.<\/p>\n\n\n\n

3. Ethereum\u2019s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals<\/p>\n\n\n\n

\u2013 Ethereum\u2019s Shanghai hard fork, also referred to as \u201cShapella,\u201d has been finalized, enabling withdrawals for users who have \u201cstaked\u201d their ether to secure and validate transactions on the blockchain.<\/p>\n\n\n\n

4. SushiSwap to Launch Claims Website for Vested SUSHI Tokens<\/p>\n\n\n\n

\u2013 Claims will expire on April 23 and unclaimed tokens will go to SushiSwap\u2019s treasury.<\/p>\n\n\n\n

5. Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm\u2019s FTT Token Surges<\/p>\n\n\n\n

\u2013 FTT\u2019s price more than doubled.<\/p>\n\n\n\n

6. Swiss court gives green light for FTX to sell its European arm<\/p>\n\n\n\n

\u2013 The approval of a petition in Switzerland allowing FTX Europe AG\u2019s sale would be in accordance with the U.S. bankruptcy court, where FTX\u2019s global business filed for Chapter 11.<\/p>\n\n\n\n

7. Paxos set to withdraw from Canada amid regulatory uncertainty<\/p>\n\n\n\n

\u2013 Paxos assured its customers that their funds would \u201cremain safely\u201d in their accounts but advised users to withdraw all balances at their earliest convenience.<\/p>\n\n\n\n

8. El Salvador Grants First Digital Asset License to Bitfinex<\/p>\n\n\n\n

\u2013 The new license was issued subsequent to a law passed in January by the Legislative Assembly of El Salvador that regulates digital securities and created a framework for the Central American country to launch bitcoin-backed bonds, also known as \u201cVolcano Bonds\u201d.<\/p>\n\n\n\n

Institution<\/strong><\/p>\n\n\n\n

1. Swedish Riksbank report looks at collaboration with potential e-krona in retail payments<\/p>\n\n\n\n

\u2013 The report also touched on the Riksbank\u2019s participation in Project Icebreaker, involving cross-border retail payments and remittances.<\/strong><\/p>\n\n\n\n

2. Swiss Bank PostFinance to Offer Bitcoin and Crypto Services<\/p>\n\n\n\n

\u2013 The fifth-largest financial services provider in Switzerland, PostFinance, has announced a partnership with regulated digital asset services provider Sygnum Bank to start providing Bitcoin and cryptocurrency services for their customers.<\/p>\n\n\n\n

3. Argentina\u2019s National Securities Commission Approves Bitcoin Futures<\/p>\n\n\n\n

\u2013 The agency authorized the regulation of a futures contract based on a bitcoin index of Matba Rofex, an Argentinian stock exchange.<\/p>\n\n\n\n

4. Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto\u2019s \u2018Rough Year\u2019<\/p>\n\n\n\n

\u2013 FTX and banking sector collapse show the need for stronger consumer protection, governance norms, the agency said.<\/p>\n\n\n\n

Market<\/strong><\/strong><\/p>\n\n\n\n

1. Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value<\/p>\n\n\n\n

\u2013 More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.<\/p>\n\n\n\n

2. Avalanche Surges to 6-Month High in Daily Active Addresses<\/p>\n\n\n\n

\u2013 The spike coincided with a bevy of financial institutions joining Avalanche\u2019s Evergreen subnet \u201cSpruce.\u201d<\/p>\n\n\n\n

3. Dogecoin Surges 5.8% as Traders Anticipate Elon Musk\u2019s Next Move<\/p>\n\n\n\n

\u2013 DOGE has risen from Wednesday\u2019s low of 8 cents with a 5.89% move to the upside after Twitter struck a deal with eToro to offer crypto trading.<\/p>\n\n\n\n

4. Ether\u2019s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High<\/p>\n\n\n\n

\u2013 ETH\u2019s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.<\/p>\n\n\n\n

5. ApeCoin surges 1,950% on South Korean crypto exchange Upbit<\/p>\n\n\n\n

\u2013 The APE\/BTC trading pair reached an all-time high of around $90 apiece on the exchange.<\/p>\n\n\n\n

6. Bitcoin continues to shine with 98% of inflows into crypto investment products<\/p>\n\n\n\n

\u2013 According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products.<\/p>\n\n\n\n

7. Ethereum\u2019s Shanghai Upgrade Will Permanently Alter ETH Economics<\/p>\n\n\n\n

\u2013 Being able to unlock staked ether will not cause a mass exodus or price collapse for the cryptocurrency, Amphibian Capital CEO James Hodges says.<\/p>\n\n\n\n

8. Ethereum\u2019s Shanghai Upgrade: Here\u2019s Our Guide to Watch Parties, Blockchain Tools<\/p>\n\n\n\n

\u2013 Various factions of the Ethereum community are planning watch parties to witness the first-ever withdrawals of staked ether, with the blockchain\u2019s Shanghai upgrade (aka \u201cShapella\u201d) set for Wednesday at 22:27 coordinated universal time (6:27 p.m. ET).<\/p>\n\n\n\n

9. Bitcoin Breaks Above $30K for First Time Since June 2022<\/p>\n\n\n\n

\u2013 The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.<\/p>\n\n\n\n

10. AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation<\/p>\n\n\n\n

\u2013 CryptoGPT recently rolled out AI assistant \u201cAlex\u201d and is developing its ZK rollup layer 2 blockchain and a data-to-AI engine, which collects, encrypts and transfers data for commercial applications.<\/p>\n\n\n\n

11. How will the Shanghai upgrade impact ETH price? Expert explains<\/p>\n\n\n\n

\u2013 While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether\u2019s price in the mid-to-long term, according to Vivek Raman.<\/p>\n\n\n\n

12. Polygon becomes second-largest gaming blockchain after user activity surges in March<\/p>\n\n\n\n

\u2013 Polygon overtook Hive for the second spot last month, with the Hunters On-Chain RPG partly driving the growth in unique active wallets.<\/p>\n\n\n\n

NFT<\/strong><\/p>\n\n\n\n

1. Mastercard Drops Free NFTs, Launches Web3 Music Accelerator<\/p>\n\n\n\n

\u2013 The Mastercard Music Pass NFT allows musicians to access its Mastercard Artist Accelerator Program, giving artists tools and resources to bolster their Web3 music careers.<\/p>\n\n\n\n

2. Bored Ape Yacht Club Floor Price Slides to Five-Month Low as Prominent Investor Dumps Holdings<\/p>\n\n\n\n

\u2013 The floor price of the BAYC collection has slumped to a five-month low of 55.59 ether, according to Cryptowatch data.<\/p>\n\n\n\n

3. MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M<\/p>\n\n\n\n

\u2013 MonkeDAO, a decentralized autonomous organization formed by owners of the Solana Monkey Business NFT project, will purchase all intellectual property rights to the collection from its current owner HadesDAO.<\/p>\n\n\n\n

4. Reddit Keeps Upvoting NFTs, Drops Third-Generation Collection<\/p>\n\n\n\n

\u2013 According to data from Dune Analytics, the Polygon-based NFT collection has 7.4 million unique holders.<\/p>\n\n\n\n

5. Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection<\/p>\n\n\n\n

\u2013 Global sneaker and lifestyle brand Adidas has expanded its Into The Metaverse NFT ecosystem with the release of the ALTS by Adidas collection.<\/p>\n\n\n\n

6. NFT Collective Proof Launches New Moonbirds Collection With Beeple, Other Artists<\/p>\n\n\n\n

\u2013 The \u201cMoonbirds: Diamond Exhibition\u201d collection is available exclusively to holders that reached \u201cDiamond Nest\u201d status by staking their NFTs.<\/p>\n\n\n\n

Metaverse<\/strong><\/p>\n\n\n\n

1. AI Will \u2018Accelerate\u2019 the Metaverse, Empower Creators: The Sandbox Co-Founder<\/p>\n\n\n\n

\u2013 The use of artificial intelligence, or AI, may speed up the pace at which original work is created in the metaverse, said Sebastian Borget, co-founder of The Sandbox and a speaker at Consensus 2023.<\/p>\n\n\n\n

2. France Publishes Metaverse Consultation, Seeking Alternative to Dominance by Web Giants<\/p>\n\n\n\n

\u2013 The economic ministry is interested in the virtual world\u2019s impact on privacy, health and the environment.<\/p>\n\n\n\n

Web3<\/strong><\/p>\n\n\n\n

1. A \u2018Super App\u2019 May Be Web3\u2019s Super Power<\/p>\n\n\n\n

\u2013 Elon Musk has the vision to turn Twitter into an all-in-one app, like WeChat. Turns out, permissionless and composable crypto platforms together form something better than the sum of its parts.<\/p>\n\n\n\n

2. A16z Highlights Web3 Strength in Its Second \u2018State of Crypto\u2019 Report<\/p>\n\n\n\n

\u2013 The venture capital giant sees bear markets as a time for builders, particularly blockchain infrastructure projects.<\/p>\n\n\n\n

3. Crypto Exchange Bitget Starts $100M Asia-Focused Web3 Fund<\/p>\n\n\n\n

\u2013 The firm started its fund as more crypto projects seek non-U.S. jurisdictions.<\/p>\n\n\n\n

4. Hong Kong\u2019s Financial Secretary Declares Now Is the \u2018Right Time\u2019 for Web3 Adoption<\/p>\n\n\n\n

\u2013 Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.<\/p>\n\n\n\n

April 15, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

The possibilities that Web3 can offer are vast and only limited by our own imaginations.\u201d  \u2013 Haider Rafique, global chief marketing officer at OKX Weekly News Report: News 1. Amazon launches new Bedrock AI service to take on Google and OpenAI \u2013 AWS is launching Bedrock, an AI service that will allow users to build out […]<\/p>\n","protected":false},"author":3,"featured_media":288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[88,8,5,89,14,81,87],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/308"}],"collection":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/comments?post=308"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/308\/revisions"}],"predecessor-version":[{"id":398,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/308\/revisions\/398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media\/288"}],"wp:attachment":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media?parent=308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}