**The Daily Spin. Altcoin Wednesday Edition. **Much in the news today as we find a long edition of the Daily – with coverage over Trump’s arrest, Xi’s visit with Macron, the OPEC+ oil supply, and Toronto-Dominion becoming the world’s biggest bank short at $3.7B! Bernard Arnault flies past $200B net worth, world-class douchebag Jamie Dimon chimes in, and Finland officially joining NATO. And not to mention, Elon Musk’s replacement of the Twitter bird with the Doge logo throwing the speculators into a frenzy outside of his impending lawsuit. Dogecoin market capitalization overtook Cardano.
Ethereum hits 10-month high breaking through $1,900 today, just a few weeks ahead of the Shanghai-Capella upgrade where staking is anticipated to become available for withdrawal. A good list of competitor launches and movements following the migration out of CEXs, such as Kava flipping Solana, FLEX pumping up 7% as 3AC founders Kyle Davies and Su Zhu launch OPNX exchange, offering trades of FTX claims. Paxful bows out of the P2P market following significant blows from the SEC. 21Shares launches ETP for Stacks, Aave launches on Polygon zkEVM, and OKex launches a metaverse training sessions with football star Ruben Dias. OpenSea launches Pro, claiming to be “your favorite gem, polished.” And for the second month in a row, Uniswap DEX trade volume has toppled Coinbase’s.
LayerZero’s $120m Series B funding round hits $3B valuation after a $135m raise just last year, with active investment from non-crypto conglomerates such as Samsung and heavyweights a16z. Intriguing articles in the Thought Leadership section today, touching upon derivative DEXs (dYdX & GMX), zkEVMs, and an interview with Ethereum’s first marketer on the meaning of web3… 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
CWEB Token Usage and Utility
https://medium.com/@Coinweb.io/cweb-token-usage-913307f8f441
Coinweb has Closed $2 Million Fundraising Round from SAVA Investment Management
https://www.benzinga.com/pressreleases/23/04/a31637718/coinweb-has-closed-2-million-fundraising-round-from-sava-investment-management
The Coinweb Monthly Spin - Sixth Edition: Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3
https://coinweb.beehiiv.com/p/coinweb-monthly-spin-sixth-edition?_gl=1*1lv6vvu*_ga*NjEwNTkwMjc0LjE2NzU3NTc5NjQ.*_ga_E6Y4WLQ2EC*MTY4MDQ5NDg4Mi4yMy4xLjE2ODA0OTU1ODcuMzguMC4w
SoftServe, Ultra, Coinweb, ConsenSys, DSCVR and XDC Foundation on Blockchain Misconceptions
https://thefintechtimes.com/softserve-ultra-coinweb-consensys-dscvr-and-xdc-foundation-on-blockchain-misconceptions/
Coinweb’s Layer 2 marks 4 million transactions milestone
https://twitter.com/CoinwebOfficial/status/1638125472814092291?s=20
Coinweb Partners With Ceffu for Institutional Crypto Custody
https://www.ceffu.com/blog/coinweb-partners-with-ceffu-for-institutional-crypto-custody?utm_source=twitter&utm_medium=organic_social&utm_campaign=cweb0321
Coinweb’s Fireside Chat Series, digitALL: Innovation and Technology for Gender Equality
https://twitter.com/CoinwebOfficial/status/1636676933361745920?s=20“
A Thread on Refereed Delegation of Computation” by Kawin on Twitter
https://twitter.com/CoinwebOfficial/status/1635952081302589441?s=20
Coinweb to bring cross-chain tokenisation to Layer 2
https://cryptoslate.com/coinweb-to-bring-cross-chain-tokenisation-to-layer-2/“
A Thread on L2 Scalability, Network Efficiency and Throughput/TPS” by Anton on Twitter
https://twitter.com/CoinwebOfficial/status/1633424957693915137
A Leading Layer 2 Platform Looking To Tackle Crypto's Interoperability Issue
https://www.benzinga.com/markets/cryptocurrency/23/02/31067514/a-leading-layer-2-platform-looking-to-tackle-cryptos-interoperability-issue“
The Reality of Large-scale Enterprises Adopting Blockchain Technology” an article by Toby Gilbert for CityAM Magazine
https://www.cityam.com/the-reality-of-large-scale-enterprises-adopting-blockchain-technology/
Coinweb Labs is proud to unveil LinkMint 📷📷, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander.
https://www.youtube.com/watch?v=CSKA3cAB15U“
A Thread on Guaranteed Liveness and the Coinweb Routing System” by Anton on Twitter
https://twitter.com/CoinwebOfficial/status/1630052477579169793?s=20“
A Thread on Rollups, Monolithic, and Modular Blockchains” by Kawin on Twitter
https://twitter.com/rukawin/status/1616342851507613696?s=46&t=BjBOK3soH3kOMbsWEa_jlg
Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c
On the Radar
Ethereum Shanghai-Capella Upgrade, Apr 12 (On-chain)
Hong Kong Web3 Festival, Apr 12-15 (Wan Chai, Hong Kong)
Consensus 2023, Apr 26-28 (Austin, Texas)
Web3 Weekend, May 8-13 (Jakarta)
Non Fungible Conference, Jun 7-9 (Lisbon)
AIBC Asia, Jul 19-22 (Manila)
TOKEN2049, Sep 13-14 (Singapore)
Blockchain Events curated by CryptoNomad
https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit
On the Block(chain)
Ethereum jumps to its highest price in 8 months ahead of highly anticipated network upgrade
https://markets.businessinsider.com/news/currencies/ethereum-price-crypto-market-outlook-shanghai-network-upgrade-bitcoin-eth-2023-4?utm_source=reddit.com
Bitcoin crossed 800M transactions in 2023 Q1; price grows 70%
https://cryptoslate.com/bitcoin-crossed-800m-transactions-in-2023-q1-price-grows-70/
Dogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token's Dog
https://www.coindesk.com/markets/2023/04/03/dogecoin-gains-12-after-tokens-symbol-replaces-blue-bird-as-twitter-logo/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Dogecoin overtakes Cardano after Twitter goes doge-crazy
https://cryptoslate.com/dogecoin-overtakes-cardano-after-twitter-goes-doge-crazy/
Shiba Inu ranks among most viewed crypto assets: CoinMarketCap Q1 report
https://cryptoslate.com/shiba-inu-ranks-among-most-viewed-crypto-assets-coinmarketcap-report/
FLEX jumps 7% as 3AC cofounders OPNX exchange goes live
https://cryptoslate.com/flex-jumps-7-as-3ac-cofounders-opnx-exchange-goes-live/
Staked ETH Withdrawals To Activate In Two Weeks
https://thedefiant.io/defi-daily-staked-eth-april-12
Ethereum MEV bots lose over $25 million in sophisticated attack
https://www.theblock.co/post/224482/ethereum-mev-bots-lose-over-25-million-in-sophisticated-attack?utm_source=cryptopanic&utm_medium=rss
End of Zero-Fee Program Hit Binance Market Share Harder Than CFTC Action: Research
https://decrypt.co/125376/end-zero-fee-program-hit-binance-market-share-harder-cftc-action-research
Peer-to-Peer Bitcoin Exchange Paxful to Suspend Operations
https://www.coindesk.com/business/2023/04/04/peer-to-peer-bitcoin-exchange-paxful-to-suspend-operations/
Allbridge announces recovery plan after recovering $467K of stolen funds
https://cryptoslate.com/allbridge-announces-recovery-plan-after-recovering-467k-of-stolen-funds/
Competitive Landscape
LayerZero Funding Round Hits $3 Billion Valuation With Backing from Christie’s, Samsung
https://decrypt.co/125291/layerzero-labs-fundraising-christies-samsung-3-billion
Kava Flips Solana As New Lending Protocol Boosts TVL
https://thedefiant.io/kava-tvl-flips-solana
21Shares launches ETP for Bitcoin L2 network Stacks
https://cryptoslate.com/21shares-launches-etp-for-bitcoin-l2-network-stacks/
Aave To Launch on Polygon zkEVM
https://thedefiant.io/aave-polygon-zkevm-deployment
DeFi To Widen Gap With CeFi After Stormy Year
https://thedefiant.io/cefi-vs-defi
For the second month in a row, decentralized exchange Uniswap beats Coinbase in trading volume
https://twitter.com/esatoshiclub/status/1642879360473464833?utm_source=themilkroad.beehiiv.com&utm_medium=newsletter&utm_campaign=the-rise-of-dexs
OKX launches metaverse training session with football star Rúben Dias
https://cointelegraph.com/news/okx-launches-metaverse-training-session-with-football-star-ruben-dias?utm_source=themilkroad.beehiiv.com&utm_medium=newsletter&utm_campaign=the-rise-of-dexs
Introducing OpenSea Pro (Your favorite Gem has been polished)
https://opensea.io/blog/articles/opensea-pro?utm_source=iterable&utm_medium=email&utm_campaign=OPENSEA-PRO_LFC_ANN_ALL_ACT_ENG_VIS_EML_040423&utm_content=opensea-pro
US. Coordinated Regulation Failures
Wells Fargo has paid more in fines related to harming their customers in the last three years ($7.037B) than all of the money ever lost in crypto hacks and exploits ($6.45b)
https://twitter.com/Tendeeno_/status/1640696054990397440?utm_source=newsletter.bitdegree.org&utm_medium=newsletter&utm_campaign=so-musk-changed-twitter-s-logo-to-doge
Gold breaks out to new highs as US economy starts to slow down
https://cryptoslate.com/insights/gold-breaks-out-to-new-highs-as-us-economy-starts-to-slow-down/
No more rate hikes: Markets believe the Fed rate pause is nigh
https://cryptoslate.com/insights/no-more-rate-hikes-markets-believe-the-fed-rate-pause-is-nigh/
Anti-Bitcoin mining bill gets unanimous approval from Texas Senate committee
https://cryptoslate.com/anti-bitcoin-mining-bill-gets-unanimous-approval-from-texas-senate-committee/
World
Asia Equities Struggle as US Banking Fears Persist: Markets Wrap
https://www.bloomberg.com/news/articles/2023-04-04/stock-market-today-dow-s-p-live-updates?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
Xi Courts Macron in Bid to Drive Wedge Between Europe and US
https://www.bloomberg.com/news/articles/2023-04-04/xi-courts-macron-in-bid-to-drive-wedge-between-europe-and-us?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
A Kingdom Built on Oil Now Controls the World’s Climate Progress
https://www.bloomberg.com/news/features/2023-04-03/uae-s-top-oil-executive-has-a-plan-to-fix-cop28?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
Toronto-Dominion Becomes Biggest Bank Short With $3.7 Billion on the Line
https://www.bloomberg.com/news/articles/2023-04-04/td-becomes-biggest-bank-short-with-3-7-billion-on-the-line?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
Bernard Arnault’s Fortune Soars Past $200 Billion for First Time
https://www.bloomberg.com/news/articles/2023-04-04/world-s-richest-man-bernard-arnault-s-fortune-tops-200-billion-for-first-time
Jamie Dimon Warns US Banking Crisis Will Be Felt for Years
https://www.bloomberg.com/news/articles/2023-04-04/jamie-dimon-jabs-fed-over-us-bank-crisis-hiding-in-plain-sight?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
Trump Pleads Not Guilty in NY Case Tying Hush Money to Election
https://www.bloomberg.com/news/articles/2023-04-04/trump-pleads-not-guilty-to-34-charges-in-nyc-court-reports?cmpid=BBD040423_MKT&utm_medium=email&utm_source=newsletter&utm_term=230404&utm_campaign=marketsasia&leadSource=uverify%20wall
Finland Becomes 31st Member of NATO
https://www.statista.com/chart/26674/european-countries-by-year-of-joining-nato/?utm_source=Statista+Newsletters&utm_campaign=02892d6840-All_InfographTicker_daily_COM_PM_KW14_2023_Tu&utm_medium=email&utm_term=0_662f7ed75e-02892d6840-345164686
Thought Leadership
From dYdX to GMX: What Derivatives DEXs Have and Have Not Achieved
https://thedefiant.io/iosg-research-derivative-dexs
zkEVMs: Shaking Up The Ethereum L2 Landscape
https://milkroad.com/news/zkevm-ethereum-l2?utm_source=themilkroad.beehiiv.com&utm_medium=newsletter&utm_campaign=the-rise-of-dexs
Wondering What Web3 Means? Listen to Ethereum's First Marketer
https://www.coindesk.com/consensus-magazine/2023/04/03/wondering-what-web3-means-listen-to-ethereums-first-marketer/
