Bitcoin, Ethereum, Cosmos and more Week 47 2023
All things crypto, web3 and blockchain across all the Coin Clubs
TLDR: ARK Invest Spot Bitcoin ETF Amendment, Blast Ethereum Layer-2 Rollup Launches, Circle Introduce Bridged USDC Standard, USDY Live on Injective, KYVE Network Integrates with Cronos, CZ Steps Down from Binance, SEC Sues Kraken & Uniswap v4 Launches.
Composable and Picasso are the team leading the extension of IBC to all ecosystems in order to bring to life secure and chain-agnostic interoperability for users and builders. They are currently powering cross-ecosystem IBC across Polkadot, Kusama, Cosmos with 20+ connected chains and soon Ethereum, Solana, and NEAR will also be connected.
Most notably, the team has recently deployed the first Ethereum IBC connection on Testnet. Furthermore, to engage users and builder, Composable has just launched a user-engagement campaign - The Composable Expedition - an immersive, gamified experience designed for community members to actively participate in the first Ethereum IBC Testnet with rewards, airdrops, and NFTs. Up to 2.5% of $PICA and up to 5% of $LAYR token rewards have been allocated for this campaign.
Bitcoin Highlights of the Week
BTCPay Server now offers print vouchers for merchants to sell which can be used to redeem cash for bitcoin.
Ark Invest has filed another amendment to their spot Bitcoin ETF application with the SEC, fuelling further movement behind the scenes for their spot ETF to become reality.
Austrian subsidiary of EU lender Raiffeisen Bank gear up to offer BTC trading to their Austrian clients from 2024.
US Presidential candidate Robert F. Kennedy Jr states that Bitcoin is a huge threat to the economic model of big banks.
Ethereum Highlights of the Week
A new Ethereum layer-2 rollup named Blast has generated substantial interest, accumulating an impressive $370 million in total value locked (TVL).
Bridged USDC Standard is a specification and process for deploying a bridged form of USDC on EVM blockchains with optionality for Circle to seamlessly upgrade to native issuance in the future.
Square Enix has announced auction dates for its upcoming Symbiogenesis NFTs. Square Enix will sell the NFTs in three batches; from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, and the third from Dec. 2 to 3.
This week, Uniswap launched their latest template update, the v4. This template is key for developers seeking to innovate around Uniswap, and is ideal for building, testing and designing hook contracts.
All clients of Santander Private Banking International’s Swiss private banking unit will have access to buy, sell and hold ETH.
Cosmos Highlights of the Week
USDY, the US Dollar Treasury Yield token utilized by Ondo Finance is now live on Injective. This brings RWA access to new heights as it is the first tokenized treasury offering on Injective and also the first interoperable tokenized treasury in crypto.
Interbloc introduces Inbloc which is a new Cosmos explorer with a strong focus on UX, full text search and governance AI.
Osmosis launches sqATOM and sqOSMO where users can stake funds for exponential gains on sqATOM, serving perpetual leverage without liquidations.
KYVE has integrated with Cronos which will ensure fast and free access to any of Cronos chain’s historical data for dApp building, data analysis and syncing with the network.
On top of the latest Cosmos Eden (v0.50) release, Cosmos Hub introduces IAVL 1.0. IAVL 1.0 improves data locality within an LSM tree, reduces compactions, and optimizes key and node size in storages.
Other Highlights of the Week
Changpeng Zhao, known as CZ, was forced to step down as CEO of Binance of which he co-founded. The driver behind this, is that Binance was criminally charged by the US Department of Justice for breaking sanctions and money-transmitting laws, and as a result was fined $4.3B.
HackedWalletRecovery is a cutting-edge service that specializes in recovering funds from wallets that have fallen into the hands of hackers.
The SEC has charged Kraken with operating an unregistered securities exchange. These allegations, are the same the SEC filled against Binance, Coinbase and various other exchanges this year. Kraken has shared, that they’ll defend themselves in court.
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