{"id":310,"date":"2023-04-08T11:00:05","date_gmt":"2023-04-08T11:00:05","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=310"},"modified":"2023-06-04T19:35:11","modified_gmt":"2023-06-04T19:35:11","slug":"weekly-headlines-2023-4-w1","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/04\/08\/weekly-headlines-2023-4-w1\/","title":{"rendered":"Weekly Headlines 2023.4 W1"},"content":{"rendered":"\n

\u201cI don\u2019t buy bitcoin today for what might happen tomorrow. I buy bitcoin today for what might happen in 2033.\u201d  <\/em><\/strong>\u2013 Caitlin Long, Custodia bank founder<\/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. Decentralized exchange dYdX announces \u2018winding down\u2019 of services for Canadian users<\/p>\n\n\n\n

\u2013 Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.<\/p>\n\n\n\n

2. Binance Australia Derivatives license canceled by securities regulator<\/p>\n\n\n\n

\u2013 The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance\u2019s operations in the country.<\/p>\n\n\n\n

3. Arbitrum-Based Camelot Crypto Exchange to Deploy V2 Upgrade Saturday<\/p>\n\n\n\n

\u2013 The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient.<\/p>\n\n\n\n

4. Happy 48th Birthday, Satoshi Nakamoto<\/p>\n\n\n\n

\u2013 Satoshi entered a birth date when they registered the pseudonym with The P2P Foundation. Satoshi\u2019s birthday is, according to that registration, April 5, 1975.<\/p>\n\n\n\n

5. Binance Rejected Justin Sun\u2019s Offer to Buy His Huobi Stake: Source<\/p>\n\n\n\n

\u2013 Binance has no interest in buying Huobi due to its rumored ties to China, according to a person familiar with the situation.<\/p>\n\n\n\n

6. U.S. Bitcoin Corp. Expected to Settle With City to Resume Mining in Niagara Falls<\/p>\n\n\n\n

\u2013 The firm is currently trying to complete a merger with Canadian Hut 8 Mining.<\/p>\n\n\n\n

7. Polkadot Registers Trademark for Blockchain Communication Platform<\/p>\n\n\n\n

\u2013 Polkadot has filed a trademark registration for what appears to be a blockchain-based messaging application, according to a recent filing.<\/p>\n\n\n\n

8. OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders, Is Now Live<\/p>\n\n\n\n

\u2013 OPNX, a first-of-its-kind, crypto-focused exchange that lets users trade claims of bankrupt crypto companies, is now live, CEO Leslie Lamb said in a tweet Tuesday.<\/p>\n\n\n\n

9. Satellite orbiting Earth participates in the Ethereum KZG ceremony<\/p>\n\n\n\n

\u2013 The blockchain-powered satellite Cryptosat will be the contributor of the thousands that have already participated in the Ethereum KZG ceremony to do so from outer space.<\/p>\n\n\n\n

10. Bitcoin Halving 2024 Is Just 1 Year Away and This Is Not April Fool\u2019s Day Joke<\/p>\n\n\n\n

\u2013 The most significant event in the history of the Bitcoin (BTC) blockchain \u2013 the Halving event \u2013 is now slated for April 2024, implying that it is exactly a year away.<\/p>\n\n\n\n

11. Italy Data Regulator Imposes Ban on ChatGPT for Allegedly Breaching Data Privacy<\/p>\n\n\n\n

\u2013 Italy has become the first Western nation to officially ban the artificial intelligence chatbot ChatGPT over privacy concerns.<\/p>\n\n\n\n

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

1. Swiss Government-Owned Bank PostFinance to Offer Customers Crypto<\/p>\n\n\n\n

\u2013 PostFinance will begin offering its 2.5 million customers access to buy, store and sell bitcoin and ether, thanks to a partnership with Switzerland\u2019s Sygnum Bank.<\/strong><\/p>\n\n\n\n

2. US crackdown will push crypto \u2018center of gravity\u2019 to Hong Kong: Kaiko CEO<\/p>\n\n\n\n

\u2013 Kaiko CEO Ambre Soubiran said that Hong Kong\u2019s friendly approach might make the city the \u201ccenter of gravity\u201d for cryptocurrency trading and investments.<\/strong><\/p>\n\n\n\n

3. Binance vs. CFTC: Latest court battle could alter crypto landscape in US<\/p>\n\n\n\n

\u2013 The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.<\/strong><\/p>\n\n\n\n

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

1. Dogecoin Drops After Elon Musk\u2019s Twitter Stops Using Its Dog Logo<\/p>\n\n\n\n

\u2013 DOGE surged on April 3 after Elon Musk\u2019s social-media company inexplicably removed its blue bird logo, replacing it with dogecoin\u2019s mascot. Dogecoin dropped after Twitter stopped using the cryptocurrency\u2019s mascot as its logo.<\/p>\n\n\n\n

2. Stablecoin Tether\u2019s Market Capitalization Nears Record High of $83B<\/p>\n\n\n\n

\u2013 The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\u2019s rival, Tron.<\/p>\n\n\n\n

3. Uniswap Topped Coinbase\u2019s Trading Volume in March During USDC Depeg, U.S. Crackdown<\/p>\n\n\n\n

\u2013 Uniswap handled more than $70 billion of trading in March, exceeding centralized exchange Coinbase\u2019s $49.2 billion<\/p>\n\n\n\n

4. Avalanche\u2019s Cortina Upgrade Goes Live on Protocol\u2019s Testnet; AVAX Token Rallies<\/p>\n\n\n\n

\u2013 Avalanche\u2019s AVAX token has rallied 2% over the past 24 hours after the layer 1 protocol\u2019s Cortina upgrade went live on its testnet Thursday.<\/p>\n\n\n\n

5. MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury<\/p>\n\n\n\n

\u2013 MicroStrategy buys another 1,045 Bitcoin for $29.3 million, taking its total holdings to 140,000 BTC worth over $12.6 billion.<\/p>\n\n\n\n

6. Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1<\/p>\n\n\n\n

\u2013 With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.<\/p>\n\n\n\n

7. Ether Rallies to 8-Month High, Gains Ground Against Bitcoin<\/p>\n\n\n\n

\u2013 Ether rose to an eight-month high on Tuesday, outshining market leader bitcoin as U.S. stock futures traded higher while the dollar index dipped.<\/p>\n\n\n\n

8. Bitcoin\u2019s Huge Surge Pushes Crypto Market Cap to $1.19T, the Highest Since June<\/p>\n\n\n\n

\u2013 The total market capitalization for all cryptocurrencies has climbed to the highest level since June, helped by bitcoin\u2019s massive 70% rally to begin the year.<\/p>\n\n\n\n

9. Potential Fed pivot has crypto and macro analysts ultra-bullish on Bitcoin\u2019s price prospects<\/p>\n\n\n\n

\u2013 Fidelity\u2019s head of macro suggests that the end of the Fed\u2019s quantitative tightening policy could be bullish for Bitcoin and gold.<\/p>\n\n\n\n

10. Locked Value Climbs on zkSync Era Climbs Past $100M<\/p>\n\n\n\n

\u2013 The newly launched zkSync Era blockchain is seeing brisk activity as value locked on the network crossed $100 million this past weekend amid a flurry of new token releases.<\/p>\n\n\n\n

11. Internet Computer Issues \u2018Liquid Bitcoin,\u2019 for Faster, Cheaper BTC Transactions<\/p>\n\n\n\n

\u2013 ckBTC brings layer-2 capabilities to Bitcoin, while also ensuring greater security and decentralization than other BTC-pegged tokens, developers say.<\/p>\n\n\n\n

12. Dogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token\u2019s Dog<\/p>\n\n\n\n

\u2013 DOGE surged more than 35% after Elon Musk\u2019s Twitter replaced the social-media platform\u2019s familiar blue bird atop its homepage with the cryptocurrency\u2019s iconic Shiba Inu dog logo.<\/p>\n\n\n\n

DeFi<\/strong><\/p>\n\n\n\n

1. Deposits to zkSync surpass $110M as its DeFi ecosystem explodes<\/p>\n\n\n\n

\u2013 The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rushed to farm the airdrop of the Ethereum rollup\u2019s expected native token, according to L2BEAT data.<\/p>\n\n\n\n

2. Arbitrum Airdrop Shows Interest in DeFi, Researcher Says<\/p>\n\n\n\n

\u2013 DappRadar\u2019s Pedro Herrera says decentralized finance may be benefiting from the troubles at traditional banks and regulators\u2019 actions against centralized exchanges.<\/p>\n\n\n\n

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

1. David Bowie unreleased record debuts as music NFT<\/p>\n\n\n\n

\u2013 Gala Music, a Web3 startup subsidiary, is launching 3,003 NFTs on April 14, with an unreleased version of David Bowie\u2019s \u201cLet\u2019s Dance\u201d included.<\/p>\n\n\n\n

2. Phygital NFT store debuts in Dubai Mall<\/p>\n\n\n\n

\u2013 An innovative NFT store brings the world of digital art and NFTs to the heart of Dubai.<\/p>\n\n\n\n

3. NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%<\/p>\n\n\n\n

\u2013 The previous version of the nonfungible token marketplace will be sunsetted by April 13, 2023.<\/p>\n\n\n\n

4. NFT Airline Tickets Are Beginning to Take Off<\/p>\n\n\n\n

\u2013 Customers of Buenos Aires-based Flybondi now have the option to activate NFT versions of their tickets via tech that uses Algorand.<\/p>\n\n\n\n

5. OpenSea Launches OpenSea Pro, Courting Professional NFT Traders<\/p>\n\n\n\n

\u2013 As part of the launch, creator fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees.<\/p>\n\n\n\n

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

OKX launches metaverse training session with football star R\u00faben Dias<\/p>\n\n\n\n

\u2013 The experience will allow fans to connect with Dias, and experience training techniques and coaching tips in virtual reality.<\/p>\n\n\n\n

DAO<\/strong><\/p>\n\n\n\n

OpenAI needs a DAO to manage ChatGPT<\/p>\n\n\n\n

\u2013 A decentralized autonomous organization could help solve concerns over issues, including ChatGPT\u2019s political biases and its potential for abuse.<\/p>\n\n\n\n

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

1. OpenSea Goes Pro, Ralph Lauren Takes Crypto<\/p>\n\n\n\n

\u2013 Plus, investments in blockchain games and metaverse projects totaled $739 million for the quarter.<\/p>\n\n\n\n

2. Japan Approves Web3 White Paper to Promote Industry Growth in the Country<\/p>\n\n\n\n

\u2013 The document proposes more tax reforms, clearer accounting standards and a DAO law.<\/p>\n\n\n\n

3. Ralph Lauren Miami Store to Accept Crypto Payments<\/p>\n\n\n\n

\u2013 The brand is also partnering with Web3 community Poolsuite to release a co-branded NFT collection.<\/p>\n\n\n\n

4. Polygon\u2019s Mission \u2018Has Always Been Mass Adoption of Web3,\u2019 Co-Founder Says<\/p>\n\n\n\n

\u2013 Polygon, the Ethereum-based layer 2 blockchain, is focused on going mainstream, said Sandeep Nailwal, the platform\u2019s co-founder.<\/p>\n\n\n\n

April 8, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cI don\u2019t buy bitcoin today for what might happen tomorrow. I buy bitcoin today for what might happen in 2033.\u201d  \u2013 Caitlin Long, Custodia bank founder Weekly News Report: News 1. Decentralized exchange dYdX announces \u2018winding down\u2019 of services for Canadian users \u2013 Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts […]<\/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":[8,92,17,91,18,90,87],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/310"}],"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=310"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/310\/revisions"}],"predecessor-version":[{"id":400,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/310\/revisions\/400"}],"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=310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}