**The Daily Spin. Pre-Easter Friday Edition. **Coinweb publishes the wallet addresses of its token reserves and their intended usage in a medium post that asserts the team’s commitment to transparency and community, which can be viewed at the most recent entry of the “Ongoings at Coinweb” section. This information was released shortly after the capital investment made by SAVA and CWEB’s allocation of tokens into custodial management with Ceffu (formerly Binance Custodial).

Binance has remained a constant presence in the media, most recently announcing the addition of fiat off-ramps for its official non-custodial wallet, Trust Wallet, who has partnered with Ramp and MoonPay to bring ease of use and convenience to its 60 million active users. Meanwhile, Binance has initiated the cancellation of its Australian Financial Services derivatives license, which was promptly rescinded by the ASIC the following day. Dubai’s regulator has also requested Binance give information on their ownership and governance. This comes after multiple blows taken by the world’s leading cryptocurrency exchange from the CFTC and MSM, resulting in a 6% drop in market share and an inconsequential $1-2B exit of funds from the CEX in the past week.

In other news, surprisingly blockchain unique gaming wallets recorded an 8% slip for Q1, perhaps pointing to the sub-par solution space that currently exists. Hoskinson gives a public account of mistakes made by the Cardano Team, attempting to explain delays to expectations to its loyal community. AVAX introduces “Evergreen” subnets for institutional users. ASIC cancels Binance’s derivative AFS license at the request of the license holder, and the Dubai regulator demands information from Binance on its ownership and governance. Other notable jurisdictions with headlines include Singapore and Japan, each making announcements on policy decisions affecting the crypto space.

As the FEDNow and other CBDCs around the world close in on launching digital fiat, many have voiced legitimate concerns over its utility, unrestricted lack of privacy, and overreaching control of the public monetary system. Something to keep an eye on, as we are herded into a false understanding of the reasons that cryptocurrencies and blockchain were created – you can find a copy of the real reasons embedded into your Apple MacOS (in the form of the original Bitcoin whitepaper written by Satoshi Nakamoto). In TL today, we revisit Account Abstraction and ERC-4337, the positive impact of Bitcoin mining on environmental concerns, and a cost management perspective for crypto companies during this turbulent macroeconomic environment… 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 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

**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

**“A Thread on Refereed Delegation of Computation” by Kawin on Twitter
**https://twitter.com/CoinwebOfficial/status/1635952081302589441

**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

**“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 13 (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)

The Bitcoin Whitepaper may still be secretly stored on your computer
https://cryptoslate.com/could-steve-jobs-be-behind-bitcoin-satoshi-nakamoto-mystery-deepens/

Bitcoin crossed 800M transactions in 2023 Q1; price grows 70%
https://cryptoslate.com/bitcoin-crossed-800m-transactions-in-2023-q1-price-grows-70/

Dogecoin dips 6.5% as Twitter logo returns
https://cryptoslate.com/dogecoin-dips-6-5-as-twitter-logo-returns/

Blockchain gaming unique active wallets decreased 8% in Q1 2023
https://cryptoslate.com/blockchain-gaming-uaw-decreased-8-in-q1-2023/

Ethereum rises against Bitcoin as shappella upgrade nears
https://cryptoslate.com/ethereum-rises-against-bitcoin-as-shappella-upgrade-nears/

Over 75% of crypto holders have NFTs
https://cryptoslate.com/over-75-of-crypto-holders-have-nfts/

Reddit deploys Gen 3 NFT avatar contracts on Polygon
https://cointelegraph.com/news/reddit-deploys-gen-3-nft-avatar-contracts-on-polygon

Charles Hoskinson: Cardano delays due to betting on wrong tech, ambitious roadmap
https://cointelegraph.com/news/charles-hoskinson-cardano-delays-due-to-betting-on-wrong-tech-ambitious-roadmap

Competitive Landscape

Tether USDT supply reaches $80B for 1st time in almost a year
https://cryptoslate.com/tether-usdt-supply-reaches-80b-for-1st-time-in-almost-a-year/

Binance self-custody wallet launches crypto-to-fiat off-ramp
https://cointelegraph.com/news/binance-self-custody-wallet-launches-crypto-to-fiat-off-ramp

Avalanche introduces ‘Evergreen’ subnets to connect institutions on blockchain
https://cointelegraph.com/news/avalanche-introduces-evergreen-subnets-to-connect-institutions-on-blockchain

US. Coordinated Regulation Failures

US Treasury sees ‘potential benefits’ of DeFi following risk assessment
https://cryptoslate.com/us-treasury-sees-potential-benefits-of-defi-following-risk-assessment/

World

ASIC issues cancellation of Binance’s derivative AFS license, at the request of Binance
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-091mr-binance-australia-derivatives-afs-licence-cancelled/

Dubai regulator demands Binance provide info on ownership, governance: Report
https://cointelegraph.com/news/dubai-regulator-demands-binance-provide-info-on-ownership-governance-report

Singapore to introduce uniform screening standards for crypto bank accounts
https://cointelegraph.com/news/singapore-to-introduce-uniform-screening-standards-for-crypto-bank-accounts

Japan pushes for friendlier environment for crypto with Web3 proposals
https://cointelegraph.com/news/japan-pushes-for-friendlier-environment-for-crypto-with-web3-proposals

Thought Leadership

Account Abstraction & ERC-4337, a Web3 Cultural Reset
https://blog.nefture.com/account-abstraction-erc-4337-a-web3-cultural-reset-c760082157b5

Hash rate and sustainability: How Bitcoin’s rising processing power is a net positive for the environment
https://cryptoslate.com/market-reports/hash-rate-and-sustainability-how-bitcoins-rising-processing-power-is-a-net-positive-for-the-environment/

15 ways crypto companies can manage costs in the current economy
https://cointelegraph.com/innovation-circle/15-ways-crypto-companies-can-manage-costs-in-the-current-economy