The Daily Spin. CFTC Tuesday Edition. A veritable hodgepodge of news from the markets today, mostly revolving around the US-global-systemic banking crisis, Bitcoin’s small correction back to $27k, one hack for about $7m, BTC’s ATH hashrate, SVB acquisition by First Citizen’s Bank, $160m inflows into crypto breaking a six-week negative streak, the DJIA, S&P500 rebounding; the NASDAQ not, along with shares of Deutsche Bank and other Euro banks sliding further…

But the news that took the headlines today is the revealing of the US CFTC’s lawsuit brought against the largest player in the industry, Binance – complete with full intentions to ‘pierce the corporate veil’ and go for Chengpeng Zhao “CZ” himself along with other executives of the leading cryptocurrency exchange. While lots of accusations have been made, crypto Twitter has mainly come to the defense of CZ, who promptly replied informally to all the headlines with the single character “4” representing his view that all the media is doing is spreading FUD and should be ignored completely. So without further ado… 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**

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

The Coinweb Monthly Spin - 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-fifth-edition

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

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

**

On the Radar**

WOW Summit, Mar 29-30 (Hong Kong)
ASEAN Web3 Summit, Mar 30-31 (Singapore)

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)

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)**

Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025
https://news.bitcoin.com/bitcoin-hashrate-reaches-400-exahash-per-second-researcher-says-network-could-reach-zettahash-era-by-2025/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Launch Zone, BSCex suffer contract vulnerability — over $7M drained
https://cryptoslate.com/launch-zone-bscex-suffer-contract-vulnerability-over-7m-drained/

Crypto investment products record $160M inflows – breaking six-week negative strike
https://cryptoslate.com/crypto-investment-products-record-160m-inflows-breaking-six-week-negative-strike/

Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal
https://cryptoslate.com/accidentally-burnt-cryptopunk-685-resurrected-becomes-first-official-cryptopunk-ordinal/

Liquidations main reason for crypto sell-off, small amounts of realized losses
https://cryptoslate.com/insights/liquidations-main-reason-for-crypto-sell-off-small-amounts-of-realized-losses/

First Citizens Acquires Much of Failed Silicon Valley Bank
https://www.wsj.com/articles/first-citizens-acquires-much-of-failed-silicon-valley-bank-5a4545f

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager
https://news.bitcoin.com/number-of-irretrievably-lost-btc-now-6-million-cane-island-manager/

BlockFi will refund $100K to California users
https://cryptoslate.com/blockfi-will-refund-100k-to-california-users/

**

Competitive Landscape**

Binance calls CFTC charges ‘unexpected,’ says it will cooperate with regulators
https://cryptoslate.com/binance-calls-cftc-charges-unexpected-says-it-will-cooperate-with-regulators/

Binance and Its CEO Sued by CFTC Over US Regulatory Violations
https://www.bloomberg.com/news/articles/2023-03-27/crypto-exchange-binance-sued-by-us-cftc-for-alleged-derivatives-rule-lapses

Binance CEO Changpeng Zhao admits to using company products but says employee trading is limited
https://cryptoslate.com/binance-ceo-changpeng-zhao-admits-to-using-company-products-but-says-employee-trading-is-limited/

Binance execs used Signal, discussed Hamas funds, told customers how to use VPNs: CFTC filing
https://cryptoslate.com/binance-execs-used-signal-discussed-hamas-funds-told-customers-how-to-use-vpns/

Binance-linked addresses plunge by over $1B following CFTC lawsuit
https://cryptoslate.com/binance-linked-addresses-plunge-by-over-1b-following-cftc-lawsuit/

Crypto Twitter reacts to CFTC lawsuit against Binance
https://cryptoslate.com/crypto-twitter-reacts-to-cftc-lawsuit-against-binance/

Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong Kong
https://cryptoslate.com/justin-suns-us-fraud-charges-could-hamper-huobis-license-application-in-hong-kong/

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
https://news.bitcoin.com/stablecoin-market-sees-fluctuations-with-some-coins-gaining-and-others-reducing-supply/

Trace Network Labs Launches PARIZ - World’s First Fully Functional Metaverse for Fashion and Lifestyle
https://news.bitcoin.com/trace-network-labs-launches-pariz-worlds-first-fully-functional-metaverse-for-fashion-and-lifestyle/

**
**

US. Coordinated Regulation Failures

Market uncertainty on Fed rate decision persists as yields rise
https://cryptoslate.com/insights/market-uncertainty-on-fed-rate-decision-persists-as-yields-rise/

Contagion from SVB’s collapse highlights need for banking system resilience, says Fed official
https://cryptoslate.com/contagion-from-svbs-collapse-highlights-need-for-banking-system-resilience-says-fed-official/

US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
https://news.bitcoin.com/us-government-remains-a-top-bitcoin-holder-with-seized-stash-valued-at-5-6-billion/

Billionaire Bill Ackman on US Banking Crisis: 'I Fear We Are Heading for a Train Wreck'
https://news.bitcoin.com/billionaire-bill-ackman-on-us-banking-crisis-i-fear-we-are-heading-for-a-train-wreck/

Billionaire Barry Sternlicht Warns of Hard Landing — Says 'Economy Is Going to Implode'
https://news.bitcoin.com/billionaire-barry-sternlicht-warns-of-hard-landing-says-economy-is-going-to-implode/

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
https://news.bitcoin.com/experts-predict-more-bank-failures-in-the-us-following-interest-rate-hike-and-unsettled-banking-crisis/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access
https://news.bitcoin.com/operation-chokepoint-bitcoin-advocates-discuss-us-governments-alleged-mission-to-eliminate-crypto-access/

US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
https://news.bitcoin.com/us-seizes-18-crypto-atms-purchased-using-fraudulent-sba-loans-arrests-owner/

US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters
https://news.bitcoin.com/us-lawmaker-introduces-bill-to-affirm-blockchain-developers-and-non-custodial-services-are-not-money-transmitters/

**

World**

Dow, S&P 500 rise on banking rebound; Nasdaq slips
https://seekingalpha.com/news/3951617-nasdaq-sp-500-rise-on-banking-rebound-nasdaq-slips

Shares of Deutsche Bank, Other Euro Lenders Tumble
https://news.bitcoin.com/shares-of-deutsche-bank-other-euro-lenders-tumble/

Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Take Effect in January 2025
https://news.bitcoin.com/report-regulations-governing-tokenized-deposits-and-crypto-assets-in-south-africa-set-to-effect-in-january-2025/

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro
https://news.bitcoin.com/report-terra-co-founder-do-kwon-plans-to-appeal-detention-extension-after-arrest-in-montenegro/

Serbian lawyers exposed for helping Do Kwon set up shell company post red notice
https://cryptoslate.com/serbian-lawyers-exposed-for-helping-do-kwon-set-up-company-post-red-notice/

**

Thought Leadership**

ISO 20022 Infographic: A guide to the migration journey
https://blog.redcompasslabs.com/iso20022infographic

An overview of fake product detection using blockchain technology
https://cointelegraph.com/explained/an-overview-of-fake-product-detection-using-blockchain-technology

New Kaspersky report finds 14% of crypto users don’t back up keys, seed phrases
https://cryptoslate.com/new-kaspersky-report-finds-14-of-crypto-users-dont-back-up-keys-seed-phrases/

Nvidia says ‘crypto adds nothing useful to society’ after billions in mining sales
https://cryptoslate.com/nvidia-says-crypto-adds-nothing-useful-to-society-after-billions-in-mining-sales/

A Look at the Fed's Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
https://news.bitcoin.com/a-look-at-the-feds-recent-custodia-bank-denial-and-the-central-banks-push-back-against-narrow-banking/