Kyptos Weekly Weekly (February 27 – March 5): Silvergate “Worry” – Projects massively launched ETHDenver

The cryptocurrency market in the last week of February – early March 2023 became extremely active when a series of prominent projects announced improvements and new products on the occasion of the ETHDenver Conference being held in the US.

However, all was thrown into a cold water when Bitcoin and large-cap altcoins were heavily adjusted due to concerns surrounding the health of Silvergate Bank – the bank that is a partner in processing USD transactions for many leading crypto companies in the United States.

Top Cryptocurrencies Value Movements compared to 7 days ago, screenshot at 07:15 AM on 03/05/2023. Source: Coin360

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.85: Coinbase’s Layer 2 BASE Protocol Caused a Confusion – DeFi’s Step Back?

Weekly news: What is the base blockchain? Why did Coinbase have to build its own Layer-2?

68 Trading:

📰 News point

Central point 🔥

Bitcoin Crash about 21,971 USD, the crypto market “sneezed” because Silvergate – Explanation of Silvergate

SEC Chairman: “Only Bitcoin is not a security”

Ethereum Devcon 7 Conference choose Southeast Asia as a destination in 2024

The projects in turn announced new technical developments at ETHDenver:

Big Cap

Ethereum successfully tested the Shanghai hard fork on the Sepolia testnet

ETH token price on testnet spiked to 1.6 USD because speculative

BUSD Dropped out of the top 10 by capitalization, stopped trading by Coinbase

Binance issued 130 million USD stablecoin TUSD within a week

– The cause of the relationship Aptos – Sui “cracked”

Chiliz establish a fund of 50 million USD to finance the ecosystem of the new blockchain

18 rounds of unlocking tokens Notable in March 2023

DeFi and Layer 2 🦄

– DeFi project LaunchZone pool drained 700,000 USD

PancakeSwap deploy v3 version in early April

Liquid Staking become the second largest segment of the DeFi industry

– Solution Scroll’s zkEVM start testing on Ethereum testnet

Huobi participate in building layer-2 solution BitTorrent Chain

NFT, GameFi and Metaverse 🖼🎮🌐

Binance introduced “Bicasso” – AI NFT image creation tool

Yuga Labs “catching the trend” Bitcoin NFT with the new collection TwelveFold

– Game programming platform Unity crypto solution integration tool support

Large organizations 💰

– Cryptocurrency “liquidity crisis” spreads to banks Silvergate Bank

FTX and FTX.US both have large deficits in assets

DCG loss of 1.1 billion USD in 2022

Binance consider withdrawing from the repurchase agreement Voyager

– New information about the investment fund appeared UST depeg

Legal and Reception

Visa Denying rumors of being “cold” with crypto

– Former Technical Director of FTX Admit

– Japanese corporations embark on building “economic zones” Metaverse

Synthetic Kyptos

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