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.
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“
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