Coin68 Weekly Update (03/20 - 03/26): A Truly "Crypto" Week
The cryptocurrency market has just wrapped up a week full of "crypto drama" where virtually anything that could happen, did. From macroeconomic news driving wild price swings; major airdrops; DeFi drama; new layer-2 rollouts; to legal issues from the SEC/US, and even the arrest of a top controversial figure, it’s been a week to remember.
Let’s dive into all the highlights to make sure you didn’t miss any crucial updates! 😉
Top Crypto Value Changes Over the Past Week, Screenshot Taken at 10:25 AM on March 26, 2023. Source: Coin360
📌 Coin68 Originals - Must-Read Articles
- Ordinals – Inscription – Bitcoin NFTs and What You Need to Know
- Arbitrum (ARB) vs. Optimism (OP) – "Six of One, Half a Dozen of the Other"
- Understanding Real World Assets (RWA) – A Long-Term Narrative
📺 Coin68 TV
- DeFi Discussion ep.88: Talking About Account Abstraction and 100 Million New Users
- Weekly Update:
- Knowledge: Exploring ZK Rollups – The Future of Layer 2? Which ZK Projects Are Worth Watching in 2023?
📰 News Highlights
Hot Topics 🔥
- Fed Hikes Rates by 0.25%, Bitcoin Approaches $29,000 Before a Sharp Drop
- SEC Sues Justin Sun, Claims TRX and BTT are Securities
- Do Kwon Arrested in Montenegro, Facing Criminal Charges in the US
- Arbitrum (ARB) Hits $106 on Bybit – Airdrop Chaos for ARB
- zkSync Launches zkEVM on Ethereum Mainnet
- Binance Faces Spot Trading Issues
- Coinbase Receives Wells Notice from SEC Over Potential Securities Violations
Big Cap 🌈
- Bitcoin Mining Difficulty Sets New Record
- XRP Surges Due to Ripple’s Legal Update with the SEC
- Over $1 Billion in “Lost” ETH – What’s Next?
- Avalanche Faces C-Chain Outage, No New Blocks for Nearly 3 Hours
- Tether Issues Additional $5 Billion USDT in the Past Week – $700 Million Profit in Q1 2023
- Binance Users Lock Up $2.8 Billion in BNB for Space ID Launchpad
DeFi and Layer 2 🦄
- DefiLlama Faces Internal Disputes After Announcing Token Airdrop – Quick Reconciliation
- Community Rushes to Bridge Assets to zkSync Following Arbitrum’s Retroactive Effect
- Arbitrum Announces Airdrop for Ecosystem Projects
- Immutable Partners with Polygon to Develop Own zkEVM
- OKX Reveals New Blockchain OKBChain as “Layer-2 for Ethereum”
- Ronin Network Hacker Attempts to Steal Funds from Euler Finance Attackers
NFT, GameFi, and Metaverse 🖼🎮🌐
- G-Dragon Launches NFT Collection
- Magic Eden Now Supports Bitcoin NFT Trading
- Sony Files Patent for NFTs in Gaming
- Wash Trading in NFTs Up 126% in February
Major Institutions 💰
- EVE Online Developer Raises $40 Million for Blockchain Game Development
- FTX Recovers $460 Million from Modulo Capital Fund
- Blockchain Developer Sui Seeks to Buy Back $96 Million in Shares from FTX
Legal and Adoption ⚖️
- White House Criticizes Cryptocurrency
- SushiSwap and CEO Jared Grey Receive SEC Subpoenas
- Telegram Adds USDT Transfers to Messaging App
