The Daily Spin. ZK-Wednesday Edition. Zero. Knowledge. Proofs. Yesterday, three – I repeat, 3 – ZK Protocols raced to become the first to launch a ZK-based mainnet. Matter Labs won, successfully launching ZKSync’s “Era” mainnet for public use, followed by Polygon’s ZK-EVM rollup which also went live on mainnet; and Starkware, launched Ethereum-tested ZK-proofs on the Bitcoin blockchain. How coincidentally does such a big step forward for the entire industry happen all in one day? One thing’s for sure: this new narrative is taking center stage, right now.
Binance’s CZ responds to CFTC charges, and while it still remains as a civil lawsuit there are elements of a potential criminal lawsuit ahead. The same play was made on Arthur Hayes, who ended up serving jail time in house arrest – coincidentally, right before the bull run of 2021. Does history repeat itself?? Let’s find out! Major bad news hitting the press, and BNB takes a measly 5% hit. BTC held firm at $26,800. DEXs vs CEXs volume ratio has reached its ATH. And more Bitcoin has been leaving exchanges than since December ‘22. If it smells like a bull…
In other headlines, US Renewable Energy production surpasses Coal production, marking a significant milestone in ESG. The ECB president warns that central banks could “losing control” without CBDCs. Metamask warns of a fake token launch campaign, Kokomo pulls the rug for $4m, and Safemoon gets compromised. Telegram launches @wallet bot to enable USDT transfers for users. XRP is up in the double-digits in anticipation of a favorable SEC court ruling. OKex becomes the latest exchange to apply for a Hong Kong VASP license. Sui raises $300m at $2B valuation. Circle’s USDC launches on Cosmos. And in today’s TL section, we have Gains Network, a podcast on Gnosis, stealth addresses, and Lighthouse from Metaverse Fashion Week (MVFW)… 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
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**
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)**
Longest streak of Bitcoin leaving exchanges since December 2022
https://cryptoslate.com/insights/longest-streak-of-bitcoin-leaving-exchanges-since-december-2022/
Binance CEO CZ reveals copy of letter to US Senators – weeks before CFTC lawsuit
https://cryptoslate.com/binance-ceo-cz-reveals-copy-of-letter-to-us-senators-weeks-before-cftc-lawsuit/
BNB Slips Over 5% Following Binance CFTC Lawsuit
https://decrypt.co/124738/bnb-slips-following-binance-cftc-lawsuit
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
https://news.bitcoin.com/ethereum-co-founder-says-crypto-ecosystem-has-never-been-better-or-stronger/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
Bitcoin’s correlation to traditional assets raises red flags
https://cryptoslate.com/insights/bitcoins-correlation-to-traditional-assets-raises-red-flags/
Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal
https://cryptoslate.com/accidentally-burnt-cryptopunk-685-resurrected-becomes-first-official-cryptopunk-ordinal/
MakerDAO Ratifies Constitution Aiming to Decentralize DAI
https://thedefiant.io/makerdao-ratifies-constitution-aiming-to-further-decentralize-dai-stablecoin
Kokomo Finance Pulls Exit Scam, Takes $4 Million In Investor Funds With It
https://bitcoinist.com/kokomo-finance-pulls-exit-scam/
Telegram Users Can Now Transfer USDT Through Chats
https://www.coindesk.com/business/2023/03/22/telegram-users-can-now-transfer-usdt-through-chats/?utm_source=substack&utm_medium=email
MetaMask warns of fake token launch campaign
https://cryptoslate.com/metamask-warns-of-fake-token-launch-campaign/
SafeMoon’s liquidity pool compromised; public burn bug to blame
https://cryptoslate.com/safemoons-liquidity-pool-compromised/
MicroStrategy moves to Bitcoin standard – firm now up +77%
https://cryptoslate.com/insights/microstrategy-moves-to-bitcoin-standard-firm-now-up-77/
XRP rises 10% against Bitcoin as USD value rises to five-month high
https://cryptoslate.com/xrp-rises-10-against-bitcoin-as-usd-value-rises-to-five-month-high/
**
Competitive Landscape**
ZkSync Launches ‘Era’ Public Mainnet
https://thedefiant.io/zksync-era-mainnet-live
https://blog.matter-labs.io/gm-zkevm-171b12a26b36
Polygon’s Zero-Knowledge Rollup Goes Live On Mainnet
https://thedefiant.io/polygon-zkevm-live-mainnet
Tested on Ethereum, StarkWare’s Zero-Knowledge Proofs Are Now Live on Bitcoin
https://decrypt.co/124715/tested-ethereum-starkware-zero-knowledge-proofs-are-live-bitcoin
https://cryptoslate.com/zero-knowledge-proofs-now-live-on-bitcoin-a-new-era-in-cryptocurrency-privacy/
Teller V2 To Offer Fixed Term Loans Against ‘Any’ Crypto Asset
https://thedefiant.io/teller-v2-lending
Layer 1 Blockchain Sui Raises $300M At $2B Valuation
https://thedefiant.io/sui-raises-300m
New Lending Protocol Boosts Optimism TVL
https://thedefiant.io/sonne-boosts-optimism-tvl
DEX vs CEX volume ratio is at an all time high
https://twitter.com/haydenzadams/status/1639260598281068544?s=20&utm_source=substack&utm_medium=email
Circle’s USDC to launch on Cosmos
https://cryptoslate.com/circles-usdc-to-launch-on-cosmos/
The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses
https://cryptoslate.com/insights/roughly-99-of-busd-supply-is-held-by-the-top-1-addresses/
Open-Source Blockchain D-Ecosystem Raises $6M Ahead of March 29th IDO
https://cryptoslate.com/press-releases/open-source-blockchain-d-ecosystem-raises-6m-ahead-of-march-29th-ido/
**
**
US. Coordinated Regulation Failures
Binance CEO CZ Responds to US Regulator's Charges
https://news.bitcoin.com/binance-ceo-cz-responds-to-us-regulators-charges/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications
U.S. Doubles Down on Crypto Regulations As Industry Pushes Back
https://thedefiant.io/coinbase-tornado-lawsuit
US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
https://www.coindesk.com/consensus-magazine/2023/03/27/crypto-leaving-us/
Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse
https://cryptoslate.com/senators-grill-federal-officials-over-lack-of-oversight-into-svb-signature-bank-collapse/
Law firm Cooper & Kirk accuses US regulators of weaponizing banking
https://cryptoslate.com/abuse-of-authority-law-firm-accuses-regulators-of-weaponizing-banking/
**
World**
Renewables Surpass Coal in U.S. Electricity Generation
https://www.statista.com/chart/1503/coal-is-still-americas-predominant-electricity-source/?utm_source=Statista+Newsletters&utm_campaign=4f746d2c03-All_InfographTicker_daily_COM_AM_KW13_2023_Tu&utm_medium=email&utm_term=0_662f7ed75e-4f746d2c03-345164686
OKX becomes latest exchange to apply for Hong Kong VASP license
https://cryptoslate.com/okx-becomes-latest-exchange-to-apply-for-hong-kong-vasp-license/
Disney Cuts Metaverse Unit Amid Company-Wide Layoffs
https://decrypt.co/124725/disney-cuts-metaverse-unit-company-wide-layoffs
Wassies NFT Prices Surge as Crypto Twitter Lore-Themed Hotel Opens in Singapore
https://www.coindesk.com/business/2023/03/27/wassies-nft-prices-surge-as-crypto-twitter-lore-themed-hotel-opens-in-singapore/
Ticketmaster Debuts NFT-Gated Ticket Sales, Starting With Avenged Sevenfold
https://decrypt.co/124607/ticketmaster-debuts-nft-gated-ticket-sales-starting-avenged-sevenfold
SBF charged with bribing Chinese government officials with $40M
https://cryptoslate.com/sbf-charged-with-bribing-chinese-government-officials-with-40m/
North Korean hacking group APT43 found to rely on cryptocurrency crime
https://cryptoslate.com/north-korean-hacking-group-apt43-found-to-rely-on-cryptocurrency-crime/
ECB president warns central banks could “losing control” without CBDCs
https://cryptoslate.com/ecb-president-warns-central-banks-could-losing-control-without-cbdcs/
**
Thought Leadership**
What Is Gains Network?
https://thedefiant.io/what-is-gains-network
How Gnosis Has Endured (47mins)
https://open.spotify.com/episode/6XqXv00vhddcsKTmA5VQ4S?si=mT3vPc5wQKq0CMYI8B-uXQ&utm_source=newsletter&utm_medium=email&utm_term=2023-03-29&utm_campaign=New+day+new+SBF+charge&nd=1
What Are Stealth Addresses?
https://decrypt.co/resources/what-are-stealth-addresses
Introducing Lighthouse: The world's leading open metaverse navigation engine
https://lighthouse.world/
