**The Daily Spin. Post-event day Thursday Edition. **A lot of headlines are coming out of the big Consensys conference being held in Austin, Texas – with many of the talks centered around the US regulatory environment in light of recent evolvements and publicized discourse between Congress and the SEC. Another huge event also took place yesterday, hosted by none other than Coinweb itself in strong collaboration with KuCoin Labs, Gangster All-stars and Elevate Ventures; packing out an exclusive venue in the heart of Bangkok featuring both local and international veterans in the web3 industry.
On the front page is Circle’s announcement of the “Cross-chain Transfer Protocol” (CCTP) that is being built with Metamask, Wormhole, and bridge aggregator Li-Fi among the infrastructure providers at launch. The CCTP has been alluded to many times before the official press release at Consensys 2023, and will initially focus on interoperability between Ethereum and Avalanche blockchains, claiming that USDC will be uniquely “native” on multiple blockchains, even though they were already previously “native” but separated in tranches. Deploying interoperable smart contracts is said to be in vision of “unifying the developer space.” Sounds familiar, no?
In other news, Lens Protocol launches a L2 scaling solution “Bonsai” for its social network platform; Layer Zero announces “Essence,” enabling on-demand creation of validator and oracle providers; Cata Labs raises $4.2m to develop bridging software for modular blockchains; Franklin Templeton claims to be the first mutual fund to migrate to blockchain, bringing $1.4T in assets under management in their money market fund to Polygon. Jeremy Allure gives insights on the US Stablecoin bill, and an analysis on Japan’s $2.9T insurance industry ramifications for the global markets…
In TL today, we have security lessons learned from the greatest crypto heists of all time; is technology blocking the mass adoption of web3? Salesforce exec believes web3 needs a “reboot” and a Consensys panel on tokenization of RWAs… 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 Completes Integration of 4 New Blockchains Delivering Along its Roadmap for Cross-Chain Interoperability
https://finance.yahoo.com/news/coinweb-completes-integration-4-blockchains-154031366.html?guccounter=1
Coinweb Prioritises Community Trust with Transparent Reserve Allocation
https://medium.com/@Coinweb.io/coinweb-prioritises-community-trust-with-transparent-reserve-allocation-ce14063b6fa9
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
“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
Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c
On the Radar
Consensus 2023, Apr 26-28 (Austin, Texas)
PCE Price Index Report, Apr 28 (Washington DC)
FOMC Meeting, May 2-3 (Washington DC)
Web3 Weekend, May 8-13 (Jakarta)
Consumer CPI Index Print, May 10 (Washington DC)
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)
Bitcoin drops to $27k range again, liquidating $200M
https://cryptoslate.com/bitcoin-drops-down-to-27k-range-again-liquidating-170m-and-77k-traders/
Bitcoin correlation with gold surges amidst First Republic Bank news
https://cryptoslate.com/insights/bitcoin-correlation-with-gold-surges-amidst-regional-banking-news/
Arkham denies erroneous Bitcoin alert; says alert was sent just after 6% crash
https://cryptoslate.com/intelligence-platform-arkham-sent-incorrect-bitcoin-alert-coinciding-with-6-crash/
Regulatory forced Kraken exits make up the majority of ETH principal withdrawals
https://cryptoslate.com/insights/regulatory-forced-kraken-exits-make-up-the-majority-of-eth-principal-withdrawals/
CertiK offers Merlin DEX rogue developers 20% white hat bounty
https://cryptoslate.com/certik-offers-merlin-dex-rogue-developers-20-white-hat-bounty/
NFT traders averaging 1k ETH loss per day — blue chip NFTs floor price tanks
https://cryptoslate.com/nft-traders-averaging-1k-eth-loss-per-day-blue-chip-nfts-floor-price-tanks/
Social Media App MeWe to Bring Frequency Blockchain's Self-Sovereign Identity to Its 20M Users
https://www.coindesk.com/web3/2023/04/26/social-media-app-mewe-to-bring-frequency-blockchains-self-sovereign-identity-to-its-20m-users/
**
Competitive Landscape**
Circle introduces cross-chain USDC protocol
https://www.coindesk.com/tech/2023/04/26/circle-unveils-new-method-for-moving-usdc-between-blockchains/
Lens Protocol launches scaling solution ‘Bonsai’
https://cryptoslate.com/lens-protocol-launches-scaling-solution-bonsai/
A $1.4T Financial Giant Expands Its Money Market Fund on Polygon
https://www.coindesk.com/business/2023/04/26/a-14t-financial-giant-expands-its-money-market-fund-on-polygon/
Cata Labs Raises $4.2M to Develop 'Bridging' Software
https://www.coindesk.com/business/2023/04/26/cata-labs-raises-42m-to-build-cross-chain-bridge-for-modular-blockchains/
Bitget becomes the first to support Liquid Staking Derivatives as collateral for futures
https://cryptoslate.com/press-releases/bitget-becomes-the-first-to-support-liquid-staking-derivatives-as-collateral-for-futures/
Meta says 40% of Instagram content is AI-recommended; retains Metaverse focus
https://cryptoslate.com/meta-says-40-of-instagram-content-is-ai-recommended-retains-metaverse-focus/
Snapchat integrates AI chatbot that users need to pay to turn off
https://cryptoslate.com/snapchat-integrates-ai-chatbot-that-users-need-to-pay-to-turn-off/
XRPL Grant Program calls for Web3 financial innovation: Wave 6 now open
https://cryptoslate.com/xrpl-grant-program-calls-for-web3-financial-innovation-wave-6-now-open/
Layer Zero launches Essence, allowing anybody to spin up and run a validator (Oracle & Relayer) in <1 hour
https://twitter.com/LayerZero_Labs/status/1651395324936867840?s=20
Port3 Network Launches a New Round of Incremental User Acquisition for Web3 Social Data Gateway
https://cryptoslate.com/press-releases/soquest-app-launch-port3-network-launches-a-new-round-of-incremental-user-acquisition-for-web3-social-data-gateway/
US. Coordinated Regulation Failures
US Congress can use stablecoin bill to strengthen Dollar competitiveness: Circle CEO
https://cryptoslate.com/us-congress-can-use-stablecoin-bill-to-strengthen-dollar-competitiveness-circle-ceo/
Crypto Innovation and Regulation Can Co-Exist, Top Industry Executives Agree
https://www.coindesk.com/consensus2023/2023/04/27/crypto-innovation-and-regulation-can-co-exist-top-industry-executives-agree/
Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated
https://www.coindesk.com/policy/2023/04/26/franklin-templeton-ceo-the-future-of-the-crypto-industry-is-regulated/
Ex-CFTC Head Says Regulators Can Engage With Crypto 'If They Have the Will to Do So'
https://www.coindesk.com/policy/2023/04/26/ex-cftc-head-says-regulators-can-engage-with-crypto-if-they-have-the-will-to-do-so/
Grayscale CEO Expects Decision on Attempt to Overturn SEC's ETF Rejection by End of 3Q
https://www.coindesk.com/business/2023/04/26/grayscale-ceo-expects-decision-on-attempt-to-overturn-secs-etf-rejection-by-end-of-3q/
Why the Politics of Crypto Feels Different This Time
https://www.coindesk.com/consensus-magazine/2023/04/26/sec-gary-gensler-why-politics-of-crypto-feels-different-this-time/
World
Where Will Japan's $2.9 Trillion Insurers Put Their Money? Five Takeaways for Global Markets
https://www.bloomberg.com/news/articles/2023-04-27/five-takeaways-from-japan-s-big-global-market-influencers
Binance’s CZ ranked among the richest men in finance
https://cryptoslate.com/binance-cz-ranked-among-the-richest-men-in-finance/
USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says
https://www.coindesk.com/business/2023/04/26/usdc-stablecoin-was-strengthened-by-us-banking-crisis-in-march-allaire-says/
Tradfi Sees Opportunity in Crypto Despite ‘Red Wedding,’ Burning Buildings
https://www.coindesk.com/markets/2023/04/26/tradfi-sees-opportunity-in-crypto-despite-red-wedding-burning-buildings/
Thought Leadership
Security lessons and insights from the greatest crypto heists of all time
https://cryptoslate.com/security-lessons-and-insights-from-the-greatest-crypto-heists-of-all-time/
CeFi Exchanges Helped Mass Crypto Adoption; DeFi Will Further It
https://www.coindesk.com/business/2023/04/26/cefi-exchanges-helped-mass-crypto-adoption-defi-will-further-it/
Technology Is Blocking Mass Adoption of Web3
https://www.coindesk.com/web3/2023/04/26/technology-is-blocking-mass-adoption-of-web3/
Salesforce Exec: Web3 Needs a 'Reboot'
https://www.coindesk.com/web3/2023/04/26/salesforce-exec-web3-needs-a-reboot/
Tokenization of Real-World Assets 'Changes How Value Is Transferred'
https://www.coindesk.com/consensus2023/2023/04/26/tokenization-of-real-world-assets-changes-how-value-is-transferred/
