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- Bitcoin, Ethereum, Cosmos and more week 37 2023
Bitcoin, Ethereum, Cosmos and more week 37 2023
Keeping you updated on crypto, web3 and blockchain
TLDR: Ethereum Supreme Court, Uniswap Automates Token Fees, Kujira Onboard USDC, MetaMask Snaps, Quasar CL Vaults, opBNB, Polygon to Ditch MATIC & Liquid Staking Module on Cosmos.
This week’s newsletter is sponsored by MarginX:
MarginX is a decentralized perpetual order book exchange that has integrated AMM functionality for order book market making, also known as Automated Limit Orderbook (ALO) market maker for the perpetual market. Users can list, trade, and provide liquidity in any perpetual market, with liquidity providers earning 100% of all trading, liquidation, and funding fees. The liquidity provided by market participants will automatically populate as limit orders on the order book.
Bitcoin Highlights of the Week
Deutsche Bank partner up with Swiss cryptocurrency firm Taurus to offer Bitcoin and crypto custody and other related services to its institutional clients.
Leading data analytics provider Amboss launch Hydro for the Bitcoin Lightning Network (LN), which is a new subscription service to automate liquidity management.
Bitcoin and Wall Street
BTC has transformed from being labeled a "fraud" and a playground for "drug dealers and murderers" by JP Morgan CEO Jamie Dimon to its current status as a legitimate asset embraced by Wall Street and high net-worth clients.
0.074 BTC for $500,000
In a recent Bitcoin transaction, a passionate cryptocurrency enthusiast unintentionally set a new record by paying a staggering 19 BTC as a transaction fee, equivalent to a jaw-dropping $509,563 in US dollars.
The global investment giant filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC), seeking approval for a spot Bitcoin ETF.
Ethereum Highlights of the Week
Ethereum Supreme Court
Pillars within the Ethereum ecosystem vision a structured network of on-chain courts, serving as impartial arbitrators for escalating disputes. These courts offer an alternative to rigid, hard-coded rules.
Vitalik Buterin Hacked
A hacker targeted Vitalik Buterin on Twitter, orchestrating the theft of over $690,000 from unsuspecting users. The audacious attack unfolded through a fake link, enticing users with the promise of an exclusive NFT.
Optimism directly distributes unclaimed OP for Airdrop #1. Don't forget to miss out on this one.
Uniswap automates token fees making it easy for users to see their fees, tax and other costs associated with their trading. Uniswap is the first major DEX to do so.
MetaMask introduces Snaps, which is a new system in the wallet that allow users to opt into additional enhancements to their wallet at runtime.
Cosmos Highlights of the Week
With Kujira, users can trade native USDC and put the asset to use in various ecosystems to earn yield; GHOST, BOW, FIN and ORCA.
MetaMask launches on Cosmos with an integrated wallet solution with Leap; Leap MetaMask Snap. This provide various Cosmos dApps to users and brings DeFi, trading, NFTs and more.
Liquid Staking Module Live on Cosmos
Developed by Iqlusion, the LSM aims to revolutionize the use of ATOM in DeFi by introducing innovative features to facilitate the adoption of liquid staking.
CosmWasm 1.4
CosmWasm 1.4 upgrade feature significant API refactoring, streamlined codebase and a 50% reduction in in-memory cache elements. This translates to lightning-fast contract startups, enhancing the user experience.
Quasar launches concentrated liquidity (CL) vaults on Osmosis which provide users with the first supercharged vaults, higher yields, tighter ranges, and best-in-class LP's.
Other Highlights of the Week
Messaging app giant Telegram is about to support crypto with integration of TON Space – the Open Network-based self-custodial crypto wallet. The integration is a major move, which will allow Telegram’s 800 million monthly active users to access the wallet via Telegram settings.
BNB Chain has officially entered the rollup scene with its launch of OP stack-based opBNB network. opBNB focuses on scalability, reduced gas fees and fast finality.
Polygon is getting rid of its MATIC ticker as part of its upcoming Polygon 2.0 upgrade. The detail is just one part of a much larger plan, which aims to create a network of interconnected Layer 2 chains using zero-knowledge proofs.
This week’s newsletter is sponsored by Blockbasis:
Blockbasis scans your wallet transactions for insecure or hacked web3 dApps, making it easy to revoke access to any unsafe contracts. With Blockbasis you stay safe in web3.
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