After a tumultuous weekend caused by the collapse of 3 major banks linked to crypto companies and causing USDC to depeg, the crypto market has come back strong thanks to unexpected macro news. Specifically, the Fed and the US Treasury decided to intervene and ensure depositors were not harmed, restoring investors’ confidence in USDC.
Next, the positive CPI news motivated Bitcoin to regain what was lost and even set a new high for 2023.
Following the excitement, a series of important news continuously appeared on the market such as Ethereum closing the time of upgrading Shanghai, Arbitrum announcing the airdrop of ARB tokens, etc.
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.87: USDC Talk – The Line Between Traditional Finance and DeFi
– Weekly news:
– Knowledge:
📰 News point
Central point 🔥
– Bitcoin Crossing the $27,000 mark as the Fed injects money back into the US financial industry
– Ethereum Closing April 12 as the time to deploy the upgrade of Shanghai
– Arbitrum Will airdrop ARB private token on March 23
– Binance convert 1 billion BUSD in Market Relief Fund to BTC, ETH and BNB, exchange BUSD for USDT and TUSD for SAFU insurance fund
– Euler Finance attacked by flash loan, 197 million USD in damage – 1 million USD reward offered to find hackers
– Binance Stops Free BTC Tradingminus pairs with stablecoin TUSD
Big Cap
– Ethereum successfully tested the Shanghai upgrade on the Goerli . testnet
– Ethereum Exceeded the threshold of 3 million ETH burned thanks to EIP-1559
– Coinbase and Lido Update on Authorization withdraw ETH staking
– Shibarium of Shiba Inu was found to copy the code of another chain but forgot to change the chainID, the price of SHIB decreased by 10%
– Host unit TUSD transferring 1 billion USD of reserves to the Bahamas bank – Is there an “invisible hand” of Justin Sun?
– Filecoin Launch of the FVM virtual machine, enabling dApp building
– Stargate canceled the plan to re-issuance tokens because of the threat of lawsuit by FTX
– dYdX Closing down the proposal to reduce trading rewards – Token of the same name “climbed” again
– Silicon Valley Bank – USDC depeg:
DeFi and Layer 2 🦄
– Avail separates from Polygon after co-founder Anurag Arjun left
– Volume DeFi protocols peak with USDC depeg
– Uniswap Officially deployed on BNB Chain
– Updated damage from Euler Finance and related projects
– Decentralized stablecoins Hope debut
– DEX Orca block US users
NFT, GameFi and Metaverse 🖼🎮🌐
– Meta stops supporting NFT on Facebook and Instagram
Large organizations 💰
– Fidelity Quietly Launching Crypto Trading App
– Binance want to buy again CoinDesk via CoinMarketCap
– DeFiance Capital completed the first round of funding for a 100 million USD liquidity fund
– OKCoin suspend USD deposit and OTC trading service because partner bank is closed
Legal and Reception ️
– US and Europe slam crypto mixers ChipMixerwanted Vietnamese founder
– US Department of Justice investigating the collapse of LUNA – UST
– Chairman of the SEC continue to emphasize Proof-of-Stake tokens as security
– European Parliament through regulations on smart contract
– Microsoft integrating Web3 wallet into Edge browser?
Synthetic Kyptos
