Three hours after trading on Coinbase.com (Advanced Trade) was disabled, trading has been re-enabled for all assets on the Coinbase Exchange, Coinbase iOS and Android mobile apps, according to official sources. According to previous news, Coinbase suspended Coinbase in the early morning of March 5, Beijing time․ Com transactions and transfers, followed by technical upgrades and maintenance.

The Coinbase L2 network Base testnet has launched the Chainlink price feed function. Through this integration, Base-based developers can access industry-standard Chainlink data sources and other web3 services. Base will also participate in the Chainlink SCALE program, which aims to provide developers with Chainlink data and services at a lower cost. As part of this plan, Base will bear certain operating costs of Chainlink services on its network and reduce the gas costs incurred by Chainlink nodes when submitting oracle reports on Base.

Ethereum infrastructure development firm ConsenSys will launch a public testnet for its zero-knowledge Ethereum Virtual Machine (zkEVM) on March 28. Its private testnet has processed over 350,000 transactions. ConsenSys has not confirmed when their zkEVM will exit the testnet stage, but Nicolas Liochon, ConsenSys R\&D director and head of the ZK business group, said it should be completed by the end of 2023. As previously reported in January, ConsenSys’ zkEVM testnet has opened a private beta version to 100 selected users. But now it's open for anyone to join.

Eight hours of testimony by a U.S. judge and creditors on the broker’s proposal to sell assets to Binance.US took place on Thursday. Judge Michael Wiles has yet to rule on the restructuring agreement. The hearing will take place Friday in the U.S. District Court for the Southern District of New York. Bankruptcy court proceeds.

According to a filing by FTX’s bankruptcy lawyers, there is a “significant shortfall” in FTX.com’s assets. Of the $2.2 billion in total assets identified in the wallets of FTX.com-related accounts based on the latest price calculations, only $694 million is in the most liquid “Class A assets,” which include fiat, stablecoins, bitcoin, and ether currency. All FTX tokens that are Class A assets have a deficit. Other assets include $385 million in customer receivables, as well as significant claims against FTX affiliate Alameda Research and related parties. Alameda has a net borrowing of $9.3 billion from FTX.com wallets and accounts. At the same time, the FTX team identified accounts payable by customers at $7 billion. In addition, FTX US also showed an asset gap, with total assets in wallets of accounts related to the exchange of $191 million, customer receivables of $28 million, and related party receivables of $155 million.

The Financial Intelligence Unit (FIU) under the South Korean Financial Services Commission will begin on-site inspections of the country’s currency market exchange GDAC on March 6, focusing on the establishment and operation of the anti-money laundering (AML) system. This is the first time financial authorities have conducted detailed inspections of currency market exchanges through on-site inspections. GDAC Exchange received a notice from the regulatory agency on on-site inspection on February 23.

Coinbase CEO Brian Armstrong said in an interview with Bloomberg TV on Wednesday that Coinbase's decision to suspend BUSD trading was due to concerns about liquidity. As Paxos has been ordered to stop minting BUSD, Coinbase is concerned about the liquidity issues customers are facing. Armstrong also defended Coinbase’s staking product, saying it is not a security, and reiterated that the company is prepared to defend it in court if necessary, though it would prefer to work with regulators. Coinbase previously stated that according to its internal monitoring and review process, BUSD no longer meets the listing standards, so it will delist the stablecoin. But the exchange did not provide any other details. As previously reported, the New York Department of Financial Services (NYDFS) recently ordered Paxos to stop minting BUSD due to several unresolved issues with Paxos’ oversight of its relationship with Binance. In addition, the U.S. Securities and Exchange Commission (SEC) plans to sue Paxos for selling unregistered securities.

The Provenance Foundation, a public blockchain for financial services, has announced a $50 million developer grant program that will award $50 million in HASH, the native token of the Provenance blockchain, to support developers building core services and experiences.

Coinbase announced on Twitter that it will launch the "Crypto435" advocacy campaign in 435 congressional districts in the United States, aiming to promote policies that support cryptocurrencies. The "Crypto435" campaign aims to grow the crypto advocacy community and share tools and resources, calling for advocates to be heard by lawmakers and regulators in Washington, D.C., and U.S. state capitals in making decisions about the future of cryptocurrencies. And hope to make progress on its mission to increase economic freedom.