{"id":314,"date":"2023-03-25T11:00:17","date_gmt":"2023-03-25T11:00:17","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=314"},"modified":"2023-06-04T19:34:23","modified_gmt":"2023-06-04T19:34:23","slug":"weekly-headlines-2023-3-w4","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/03\/25\/weekly-headlines-2023-3-w4\/","title":{"rendered":"Weekly Headlines 2023.3 W4"},"content":{"rendered":"\n

\u201cChokepoint 2.0 causes BTC to go up 40%. That\u2019s excellent evidence of Bitcoin\u2019s antifragility.\u201d  \u2013 <\/em><\/strong>Jimmy Song<\/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. zkSync Era launches with Uniswap and Sushi \u2014 First zkEVM on mainnet<\/p>\n\n\n\n

\u2013 A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.<\/p>\n\n\n\n

2. ChatGPT can now access the internet with new OpenAI plugins<\/p>\n\n\n\n

\u2013 OpenAI said it is initially rolling out the plugins to a small set of users to \u201cstudy their real-world use and impact,\u201d before expanding to larger-scale access.<\/p>\n\n\n\n

3. Do Kwon Arrested in Montenegro: Interior Minister<\/p>\n\n\n\n

\u2013 The suspect was detained at the Podgorica airport with falsified documents, said Filip Adzic.<\/p>\n\n\n\n

4. Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges<\/p>\n\n\n\n

\u2013 The regulator alleged TRX and BTT are unregistered securities and claimed Sun created an \u201cextensive wash trading\u201d program to boost their trading volume.<\/p>\n\n\n\n

5. Telegram Users Can Now Transfer USDT Through Chats<\/p>\n\n\n\n

\u2013 USDT has been added to Telegram\u2019s @wallet bot, expanding the messaging app\u2019s facility for buying and selling crypto.<\/p>\n\n\n\n

6. Paris Blockchain Week 2023: First day of the summit kicks off<\/p>\n\n\n\n

\u2013 Pre-summit events such as the Talent Fair, Startup Competition and Investors Day made up the day on March 20 at Paris Blockchain Week.<\/p>\n\n\n\n

7. Best and worst countries for crypto taxes \u2014 plus crypto tax tips<\/p>\n\n\n\n

\u2013 Resident tax expert Elias Ahonen looks at the best and worst countries in the world for crypto taxes. Where do the U.S. and U.K. rank?<\/p>\n\n\n\n

8. Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals<\/p>\n\n\n\n

\u2013 U.S.-based crypto exchange Coinbase (COIN) has integrated the Brazilian government\u2019s payment system Pix and started allowing crypto purchases with Brazilian reals, the company said Tuesday.<\/p>\n\n\n\n

9. Florida gov and US presidential hopeful calls for CBDC ban<\/p>\n\n\n\n

\u2013 \u201cWhat the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans,\u201d said Ron DeSantis at a \u2018Big Brother\u2019s Digital Dollar\u2019 podium.<\/p>\n\n\n\n

10. OKX to cease operations in Canada by June 22 2023<\/p>\n\n\n\n

\u2013 \u201cWithdrawals from OKX will continue to be available,\u201d wrote the OKX team in an email to users. \u034f \u034f<\/p>\n\n\n\n

11. Paris Blockchain Week 2023: Latest updates by Cointelegraph<\/p>\n\n\n\n

\u2013 Pre-summit events such as the Talent Fair, the Startup Competition as well as the Investors Day made up the day on March 20 at the Paris Blockchain Week.<\/p>\n\n\n\n

12. Taiwan\u2019s Crypto Industry Welcomes Regulatory Announcement<\/p>\n\n\n\n

\u2013 The Financial Supervisory Commission\u2019s chairman confirms the island\u2019s top financial watchdog will regulate crypto.<\/p>\n\n\n\n

13. EU\u2019s MiCA Crypto Law Debate Scheduled for April 18<\/p>\n\n\n\n

\u2013 A final vote on the bloc\u2019s Markets in Crypto Assets Regulation, which brings in a new licensing regime, is due April 19.<\/p>\n\n\n\n

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

1. Nasdaq to launch crypto custody services by end of Q2: Report<\/p>\n\n\n\n

\u2013 As reported by Bloomberg, the exchange group has applied for a limited-purpose trust company charter from the New York Department of Financial Services, which would oversee the new business.<\/strong><\/p>\n\n\n\n

2. German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform<\/p>\n\n\n\n

\u2013 Securities processor Deutsche WertpapierService Bank will provide its affiliates with seamless integration with their current offerings, with more digital assets to come.<\/strong><\/p>\n\n\n\n

3. Belgian Crypto Ads Must Warn of Risks Under New Rules<\/p>\n\n\n\n

\u2013 Crypto ads in Belgium must be accurate and warn investors of the risks, under new laws announced by the country\u2019s financial regulator Monday.<\/strong><\/p>\n\n\n\n

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

1. Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head<\/p>\n\n\n\n

\u2013 Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.<\/p>\n\n\n\n

2. Bitcoin Miners\u2019 Revenue From Fees Rises Suggesting Onset of Major Bull Run<\/p>\n\n\n\n

\u2013 The two-year \u201cZ-score\u201d for miner revenue from fees has turned positive after a long time, signaling new waves of adoption.<\/p>\n\n\n\n

3. Crypto Is the Solution to Bank Runs, Not the Cause<\/p>\n\n\n\n

\u2013 Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.<\/p>\n\n\n\n

4. Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say<\/p>\n\n\n\n

\u2013 The often-controversial tether (USDT) stablecoin emerged as the best bet for traders looking for a stable haven earlier this month following a series of banking troubles in the U.S.<\/p>\n\n\n\n

5. XRP Token Surges on Positive Outlook in Ripple vs. SEC Case<\/p>\n\n\n\n

\u2013 The token\u2019s price has jumped 20% in the past 24 hours as Ripple defendants heralded a positive view in their case with the U.S. Securities and Exchange Commission.<\/p>\n\n\n\n

6. ConsenSys\u2019 MetaMask Institutional Starts Staking Marketplace With Allnodes, Blockdaemon, Kiln<\/p>\n\n\n\n

\u2013 The new marketplace comes just weeks before Ethereum\u2019s much-anticipated Shanghai hard fork that should spur growth in staking services.<\/p>\n\n\n\n

7. Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound<\/p>\n\n\n\n

\u2013 The FOMC will announce its next interest rate decision on Wednesday with markets betting squarely on a 25 basis point rate increase.<\/p>\n\n\n\n

8. Crypto Fear and Greed Index hits highest level since Bitcoin\u2019s all-time high<\/p>\n\n\n\n

\u2013 The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin posted its all-time high in November 2021.<\/p>\n\n\n\n

9. Crypto Users Bridge Millions to zkSync Blockchain in Hopes of Token Airdrop<\/p>\n\n\n\n

\u2013 Crypto users are bridging millions of dollars in funds to the zkSync network in a move that\u2019s likely in anticipation of a potential token airdrop.<\/p>\n\n\n\n

10. Decentralized Exchange Camelot Crosses $100M in TVL Ahead of Arbitrum Airdrop<\/p>\n\n\n\n

\u2013 A number of other on-chain metrics also highlight Camelot\u2019s speedy growth.<\/p>\n\n\n\n

11. As ZK Tech Booms in Crypto, Developers Must Consider User Safety<\/p>\n\n\n\n

\u2013 Zero Knowledge proofs offer robust security and scaling for the latest crypto products. OpenZeppelin\u2019s Stephen Webber writes about how developers could build more secure ZK proofs.<\/p>\n\n\n\n

12. Goldman Sachs Names Bitcoin Best-Performing Asset Year-to-Date<\/p>\n\n\n\n

\u2013 According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns.<\/p>\n\n\n\n

13. \u2018Be Your Own Bank\u2019 Mantra More Relevant Than Ever<\/p>\n\n\n\n

\u2013 Bitcoin was introduced to the world right after the 2008 financial crash, and fifteen years later, we\u2019re witnessing anew the failure of reserve banking and a debt-based system.<\/p>\n\n\n\n

14. Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B<\/p>\n\n\n\n

\u2013 Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.<\/p>\n\n\n\n

15. Why are we debating crypto vs. AI?<\/p>\n\n\n\n

\u2013 To summarize, both of these technologies set out to capture the similar sentiment of revolutionizing the convenience of our lives.<\/p>\n\n\n\n

16. Open Interest in Bitcoin Futures Hits Yearly High of $12B<\/p>\n\n\n\n

\u2013 The dollar value locked in the number of open bitcoin futures contracts is rising, signifying increased speculative interest in the market and potential for price volatility.<\/p>\n\n\n\n

17. U.S. Banking Cutoff Presents Opportunities for Crypto in Europe<\/p>\n\n\n\n

\u2013 Policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge, Kaiko research analyst Conor Ryder writes.<\/p>\n\n\n\n

18. Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say<\/p>\n\n\n\n

\u2013 The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.<\/p>\n\n\n\n

19. Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase<\/p>\n\n\n\n

\u2013 More people now appreciate the fundamental value proposition of having an alternative to the traditional financial system, the report said.<\/p>\n\n\n\n

20. Cryptocurrency Market Set for More Upside After Bank Problems: Bernstein<\/p>\n\n\n\n

\u2013 The current environment is the perfect setting for the decentralized-financial system to stand out as an alternative to traditional banking, a report from the firm said.<\/p>\n\n\n\n

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

1. Amazon\u2019s NFT Plans Teased in a Receipt Mailed Friday Afternoon<\/p>\n\n\n\n

\u2013 In an email to CoinDesk\u2019s Nikhilesh De, Amazon appeared to confirm that digital tokens, an NFT gallery and resale opportunities are coming to the site.<\/p>\n\n\n\n

2. Floor Prices for Donald Trump NFTs Surge on News of Possible Indictment<\/p>\n\n\n\n

\u2013 Meanwhile, the Polymarket prediction contracts relating to the former U.S. president\u2019s indictment have become some of the most actively traded on the platform.<\/p>\n\n\n\n

3. Magic Eden Embraces Ordinals, Releases Bitcoin NFT Marketplace<\/p>\n\n\n\n

\u2013 The popular NFT marketplace is integrating support for Bitcoin wallets Hiro and Xverse to help traders list, purchase and sell Ordinal NFTs.<\/p>\n\n\n\n

4. Sony Files Patent for NFTs to Allow Transfers Between Games and Consoles<\/p>\n\n\n\n

\u2013 Entertainment and gaming console giant Sony Interactive Entertainment has filed for a patent that would make NFT transferable between different games and consoles.<\/p>\n\n\n\n

5. IRS Seeks to Tax NFTs Like Other Collectibles<\/p>\n\n\n\n

\u2013 NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts.<\/p>\n\n\n\n

6. Nike and RTFKT Announce Physical NFT Air Force 1 Sneakers<\/p>\n\n\n\n

\u2013 Nike and RTFKT plan to deliver the physical Air Force 1 to the owners in the year\u2019s final quarter.<\/p>\n\n\n\n

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

1. Decentralized Media Via Web3: A Solution to Bias and Trust Issues in News?<\/p>\n\n\n\n

\u2013 Ashley Rindsberg \u2013 a speaker at CoinDesk\u2019s Consensus festival \u2013 argues that the New York Times has a track record of dangerous misreporting. Is \u201cDeMe\u201d the answer to what skews to the media?<\/p>\n\n\n\n

2. Magic Eden Forms Web3 Games Collective With Leading Publishers, Communities<\/p>\n\n\n\n

\u2013 The NFT marketplace has teamed up with Yield Guild Games, Game7 and Fenix Games to bring Web3 games mainstream.<\/p>\n\n\n\n

3. Users experience cutting-edge Web3 technologies at Dubai event<\/p>\n\n\n\n

\u2013 Web3 companies, events, and jobs available in Dubai have turned the city into a crypto hub, and people are following the lead.<\/p>\n\n\n\n

4. Deloitte dives into immersive experiences as more industries turn to Web3<\/p>\n\n\n\n

\u2013 The Big Four accounting firm is betting on immersive experiences and other Web3 solutions to address various corporate needs.<\/p>\n\n\n\n

5. Yat Siu Says \u2018Pro-Capitalist\u2019 Asian Countries Are More Ready to Embrace Web3<\/p>\n\n\n\n

\u2013 The Animoca Brands chairman said at the Outer Edge conference in Los Angeles that among major international game publishers, those located across Asia are more active in Web3 development.<\/p>\n\n\n\n

6. Web3 a hot topic at SXSW despite bear market and declining interest in NFTs<\/p>\n\n\n\n

\u2013 Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption.<\/p>\n\n\n\n

7. 3 Lessons Web3 Founders Can Take From ChatGPT\u2019s Success<\/p>\n\n\n\n

\u2013 As GPT-4 takes the world by storm, crypto can learn from how artificial intelligence has attracted users.<\/p>\n\n\n\n

March 25, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cChokepoint 2.0 causes BTC to go up 40%. That\u2019s excellent evidence of Bitcoin\u2019s antifragility.\u201d  \u2013 Jimmy Song Weekly News Report: News 1. zkSync Era launches with Uniswap and Sushi \u2014 First zkEVM on mainnet \u2013 A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap […]<\/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":[8,100,79,99,98,87],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/314"}],"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=314"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":394,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions\/394"}],"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=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}