Bitcoin lost the $20,000 mark, the crypto market crashed back to mid-January levels because of a series of negative news that flooded the market in just the past 7 days. Then on March 10, the crypto industry fell into a new crisis when the second largest stablecoin in the market was USDC depeg seriously.
Let’s review it all with Kyptos to make sure you don’t miss any important news! 😉
📌 Kyptos Originals – Must-read articles
– Kyptos Blog:
📺 Kyptos TV
– DeFi Discussion ep.86: Zero-Knowledge Decoding – Is ZK synonymous with privacy?
– Weekly news:
– Knowledge: What are “Layer 0”, “Layer 1” and “Layer 2” and why are they important?
📰 News point
Central point 🔥
– A series of bad news makes Bitcoin Plunge to 7-week low:
– Stablecoin USDC drops to 0.88 USD, all-time low:
– MT. Gox continue to postpone the Bitcoin debt payment schedule to April
– CFTC disagrees with SECsaying stablecoins and Ethereum are not “securities” –
Big Cap
– Vitalik Buterin “discharge” the coins that are given for free, collecting $ 700,000
– Token price HT Huobi’s “crash” 93%, then recovered
– Token LDO Lido Finance’s share dropped after rumors of receiving “bad news” from the SEC
– Stablecoin cash flow on layer-2 solutions Ethereum crosses the $2 billion mark
– Hedera Hashgraph (HBAR) Having technical problems, suspected of being hacked?
DeFi and Layer 2 🦄
– Rollkit support Rollup development on the infrastructure of Bitcoin
– Solution layer-2 Scroll raise capital 50 million USD
– Solution layer-2 Shibarium by Shiba Inu (SHIB) coming out this week
– MakerDAO Proposing to buy an additional $750 million in US bonds
– Arbitrum-based Tender.fi lending platform hack 1.59 million USD
– Safeheron discovered the vulnerability “revealing private key” when interacting with dApp on StarkNet
NFT, GameFi and Metaverse 🖼🎮🌐
– Tensor Announcement of airdrop plan for NFT investors on Solana
– Blur accounted for 84% of NFT transactions on Ethereum in the first week of March
– NFT collection “reputable” Vitalik Buterin to the top of OpenSea
– Starbucks “sold out” the first NFT collection in just 18 minutes
– Yuga Labs will test the second version of the metaverse game Otherside on March 25
– Yuga Labs Open auction of Bitcoin NFT TwelveFold collection, entangled with criticism from the community
– The Sandbox (SAND) about to release NFT king chef Gordon Ramsay
Large organizations 💰
– Spot trading market share of Binance 4 months in a row
– Coinbase introduces “Wallet-as-a-Service” and multi-signature wallet approach
– FTX/Alameda sue Grayscale and Digital Currency Group
– Babel Finance want to issue stablecoin to cover the loss of 766 million USD
– CoinFLEX reached agreement on debt restructuring, clearing the way for 3AC’s OPNX exchange
– Floor Gemini Denies the loss of US banking partner
– Bybit suspending USD deposits and withdrawals because of the loss of banking partners
– Kraken plan to set up their own bank despite the difficult legal situation
– Blockchain.com Dissolution of asset management department
Legal and Reception ️
– Singapore Start investigating Terraform Labs by Do Kwon
– Binance once invited SEC Chairman Gensler as an advisor
– Thailand Tax exemption for companies issuing tokens to raise capital
– After FTX, the Esports team TSM chose to cooperate with Avalanche
– Sui reached a cooperation agreement with Alibaba Cloud
– Advertising of crypto companies gradually disappears from F1 race
Synthetic Kyptos
