TLDR: Bitcoin reach $30k, SBF Jailed, Ether ETFs surge, PYUSD, Wormhole Recognized as BSP, Strangelove Announces Interchaintest, Elon Denies X Token and UniSwap Deploy on Base L2.

Bitcoin Highlights of the Week

Bitcoin Reach $30k

Bitcoin's recent surge to $30.2K has caught the attention of traders and analysts. Whale activity and liquidity dynamics bring added complexity to the market dynamics.

Lightning Network Make Strides by Addressing Scalability

The Bitcoin Lightning Network is making strides in addressing scalability, but liquidity challenges, security concerns, and the need for greater user awareness remain key obstacles.

900k USD Theft Uncovered

A cryptocurrency theft exceeding $900,000 USD has been uncovered, exploiting a vulnerability in Bitcoin wallets' pseudo-random number generator.

Ethereum Highlights of the Week

Ether ETF Applications Surge as ProShares Joins the Race

The United States Securities and Exchange Commission experiences a remarkable surge in applications for Ether-based exchange-traded funds (ETFs). In less than a week, a total of 11 filings have been submitted, igniting excitement and anticipation in the crypto community.

PayPal Enters Crypto with PYUSD on Ethereum

Global payments leader PayPal has taken a groundbreaking step into the cryptocurrency realm by launching its own U.S. dollar-pegged stablecoin, known as PayPal USD (PYUSD). The announcement, made recently, marks a significant milestone in the financial world, as PayPal becomes one of the first major companies to issue its stablecoin.

Y00ts NFT Collection Moves to Ethereum

The Y00ts NFT Collection, once a prominent project on Solana, has set its sights on new horizons. After accepting a substantial $3 million grant from Polygon, Y00ts has embarked on a migration journey that's capturing the attention of the NFT community worldwide.

Visa Sets Its Sight on Gas Fee Payments

Visa, a global leader in payment solutions, has set its sights on revolutionizing the way users pay gas fees in the cryptocurrency realm. With an innovative solution that enables on-chain gas fees to be settled using a Visa card, the company is addressing a significant challenge faced by cryptocurrency enthusiasts. This move holds the potential to transform the user experience and streamline transactions in the crypto space.

Base L2 Goes Live

In a major milestone for Coinbase's DeFi efforts, Base successfully launched this week. The L2, built on Optimism's OP Stack, had already been live to developers and degen memecoin traders, but Coinbase opened the rails to users more broadly on Wednesday afternoon. More than 100 apps are either live or soon will be, the company says.

Uniswap Gets Deployed on Base L2

Uniswap’s version 3 has been integrated into Coinbase’s Layer 2 network Base. Within a day of its launch, Uniswap on Base saw more than 10,000 transactions.

Cosmos Highlights of the Week

Wormhole Recognized as Canonical Bridge Service Provider

Wormhole is recognized as a Canonical bridge service provider (BSP) for Osmosis. This enables Osmosis to compete with CEXs across a variety of assets and adds liquidity into Cosmos.

Evmos and EVM Extensions

Evmos has developed EVM extensions which is the missing link bridge between EVMs and Cosmos.

Strangelove Announces Interchaintest

Strangelove announces Interchaintest which is the last test framework one will need for building and testing IBCs and other cross chain applications.

Introducing BFIT

BFITcoin transforms fitness routines into engaging experiences by gamifying physical activities where you earn crypto while being active.

Hyperlane and Permissionless Interoperability

With Hyperlane Permissionsless Interoperability users can connect crosschain with permissionless deployment, sovereign consensus and warp routes.

Other Highlights of the Week

Elon Denies $X Token

While Elon Musk has at times served as a Doge hype man, his support for the broader space hasn't been very consistent, lobbing critiques at the industry and tending to treat it all as one big Dogecoin-esque meme. Nevertheless, speculators have continuously wondered whether Musk was interested in entering the crypto game more directly with a native token for his platform, especially after recent announcements that he wanted X to become more of a financial hub for users.

SBF Jailed Ahead of Trial

Sam Bankman-Fried is jailed ahead of trial due to leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times.

USD Locked in SHIB Futures Reach 100 mUSD

Open interest or the dollar amount locked in open SHIB futures contracts has topped $100 million for the first time since February.

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