Bitcoin, Ethereum, Cosmos and more Week 46 2023
All things crypto, web3 and blockchain across all the Coin Clubs
TLDR: Tether Expand BTC Mining Ops, Evmos Announces Shift To Ethereum, Plasma Returns to Ethereum, Terra Acquires Pulsar Finance, Circle Cross Chain Transfer Protocol Launches on Noble, OKX Launch L2 Network on Polygon, dYdX Chain Trading Goes Live & Uniswap Android App Launches.
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Bitcoin Highlights of the Week
Tether expand their BTC mining operation with a planned $500 million investment for establishing mining facilities in Uruguay.
Commerzbank, one of Germany's largest bank and asset holder, has been granted by the BaFin a BTC custody license as they push to bring crypto to TradFi.
In a surprising turn of events, Bernstein, a once bearish Wall Street firm, has put forth a forecast suggesting that Bitcoin's price could soar to $150,000 by 2025.
ARK Investment Management and 21Shares have collectively amended their shared BTC spot ETF application to the SEC. If approved, the ETF will trade on the BZX Exchange under ticker symbol ARKB.
Ethereum Highlights of the Week
Evmos, the Ethereum Virtual Machine (EVM) compatible blockchain operating within the Cosmos network, revealed plans to exclusively support Ethereum-formatted transactions by the third quarter of 2024.
The EF has open for applications for their 'Next Billion Fellowship', which is an initiate where projects, organizations and institutions can apply in order to get support in growing their mission.
With the introduction of validity proofs (ZK-SNARKs), Plasma is set to return to ethereum after being mostly replaced by rollups. Plasma is a class of blockchain scaling solutions that allow all data to be kept off-chain.
Fidelity, a large investment firm, have filled for an ETH spot ETF with the SEC. Fidelity joins a number of TradFi institutions, such as BlackRock, to join the title race of bringing crypto investing to their clients.
On Nov. 16, gas fees on Ethereum layer-2 Polygon surged more than 1000% to reach a peak of $0.10 as users flooded the network with the minting of Ordinals-inspired tokens named POLS.
Cosmos Highlights of the Week
The prominent decentralized derivatives platform, dYdX, launch its beta stage of its dYdX Chain for live trading across more than 30 markets. The launch represents a huge step in the platform's evolution, as it's now officially transitioned from an L2 DEX to its own blockchain built on Cosmos SDK.
Ura ve(3,3) goes live with DEX dynamics on the Cosmos network that focuses on sustainable economics, community-driven governance, and commitment to deep liquidity.
Terra acquired Pulsar Finance, merging two players into one solution. Pulsar is a cross-chain portfolio manager and data provider, which will add to Terra's suite of applications with advanced analytics and data.
This week Cosmos SDK Proposal #839 was approved, which means that Informal Systems and Hypha will lead the 2024 Cosmos Hub core development.
Leap Wallet launches Leapboard, which is an one-stop data dashboard for Kujira where users can earn rewards, contribute to the community, explore new assets, among a few of its features.
Circle launches its Cross Chain Transfer Protocol (CCTP) November 28th on Noble. This means, that Circle users can send their USDC from other chains directly to any Cosmos chain.
Other Highlights of the Week
A new Layer-2 network sees the light of day, X1, launch on Polygon built by centralized crypto exchange, OKX.
Back in October 2021, Dolifka filled a suit against Bitfinex claiming the company misled its customers on the attributes of its stablecoin, USDT. This suit has been dismissed by a US court.
Uniswap Labs released its Android app, which allow users to make swaps via built-in access to its decentralized exchange, as the need for a seoerate browser extension becomes eliminated.
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