Bitcoin, Ethereum, Cosmos and more week 33 2023
All things crypto, web3 and blockchain across all the Coin Clubs
TLDR: First Bitcoin ETF Launch in Europe, BTC-ETH ETFs surges in the US, Base See Popularity, INJ 2.0, USDC on Noble, Secret Network and Ethereum Team up and TOKI Bring Stablecoins to Cosmos.
Bitcoin Highlights of the Week
Europe's first Bitcoin ETF, launched by Jacobi Asset Management on Euronext Amsterdam, leads the way in institutional adoption and sustainability.
CoinGecko's report reveals unprofitable Bitcoin mining in Europe due to high electricity costs, highlighting Italy-Lebanon's 783-fold expense gap and igniting debates on low-cost mining opportunities.
El Salvador's Bitcoin adoption and dollar bond success under President Nayib Bukele showcase innovative financial strategies gaining global attention.
Bitcoin Beach in El Salvador is teaching over 25,000 students, some as young as 12, about Bitcoin and financial skills, offering underprivileged youth a pathway to economic empowerment.
SEC is likely to approve multiple applications for ETH or BTC-ETH futures exchange-traded funds (ETFs) at the same time. Since July the number of applications has surged.
Ethereum Highlights of the Week
The launch of Coinbase's layer-2 scaling solution, Base, saw an enthusiastic response from the cryptocurrency community where more than $160 million worth of ETH and other assets flowed into Base within hours.
Within a month, BALD's story encompassed an astonishing narrative of volatility. The coin's marketcap soared to an impressive $80 million, only to nosedive by a staggering 90% shortly thereafter.
Blockchain is reshaping the landscape of payments, and at the forefront of this revolution stands Mark Smargon, the CEO of Fuse. Fuse how they are poised to challenge traditional financial systems.
The US Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products.
Coinbase has secured regulatory approval from the National Futures Association (NFA), to operate a Futures Commission Merchant (FCM) and offer eligible US customers access to crypto futures.
Cosmos Highlights of the Week
Injective releases its largest upgrade which can dramatically increase the amount of INJ burned weekly. All dApps built on Injective can contribute to the $INJ burn auction with no limit on how much they can burn.
Circle’s USDC launches on 6 new blockchains in which Cosmos is one. Powered by Noble, Circle will take full control over USDC issuance and governance.
The team at Crescent is sharing a sneak peek at their next chapter with Crescent Emmental.
The founder of xCall and connecting all chains with one messaging standard, has integrated with IBC Protocols; Archway and Neutron.
Secret Ethereum is just around the corner! With Secret Ethereum, the protection of users confidential data and privacy will be a reality in Cosmos.
Other Highlights of the Week
Web3 software giant Consensys, creator of MetaMask, is working on crypto’s next holy grail: a zk-rollup compatible with Ethereum apps called Linea. Until recently, zk-rollups could only make simple transactions like sends or buys much cheaper and much faster. Yet a new wave of Layer 2 (L2) scaling solutions, zkEVMs, have arrived and support all types of Ethereum transactions, including more advanced DeFi activities.
The team behind Shiba Inu introduce Shibarium, a blockchain and big attempt at going from a memecoin to a legit crypto project. The blockchain is designed to be metaverse and NFT-oriented.
TOKI and Noble have formed an exciting partnership which aims to introduce fully collateralized fiat-backed Japanese stablecoins to the wider interchain ecosystem. This partnership will leverage Noble’s native asset issuance infrastructure which is purpose-built for institutions looking to issue highly liquid stablecoins, among other types of crypto-assets, in a manner consistent with strict regulatory adherence.
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