TLDR: The Spiderchain Project, Holesky Launch, PYUSD Live on Venmo, Ethereum Merge Anniversary, Mars v2 Live on Osmosis, CoinStats and Kava Chain Partner Up, FTX Sues SBF’s Parents & Optimism Sell 116 $OP Tokens.

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Bitcoin Highlights of the Week

Introducing the Spiderchain Project

The Spiderchain Project is a proposal for 2-way pegged sidechains to build Ethereum on Bitcoin.

Nomura Launch Bitcoin ETF

Nomura, Japan's largest investment bank launches Bitcoin ETF for investors.

Bitcoin-Powered Metaverse Token

Animoca Brands, a prominent player in the metaverse field, has unveiled its ambitious plans to launch a unique metaverse ecosystem token via Bitcoin Ordinals.

Bitmain Announce New Antminer S21 Series for Mining

• S21 has 200 TH/s hashrate with an efficiency of 17.5 J/T

• S21 Hydro has 335 TH/s hashrate with an efficiency of 16 J/T

Peach Wallet Announce Public API for P2P

Peach Wallet announced their public API is now available for people to build P2P applications using Bitcoin.

Ethereum Highlights of the Week

Holesky Launch

Holesky, Ethereum's newest testnet, set to replace the aging Goerli testnet.

PYUSD Live on Venmo

PayPal USD (PYUSD), which is PayPal's 100% stablecoin backed by USD deposits, launch on Venmo for on-chain and regulated trading.

Ethereum Merge Anniversary

One year has passed since the Ethereum network underwent transformation, known as the Merge, which marked a pivotal shift from the energy-intensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS).

GammaSwap Live on Arbitrum

After 9 months of Alpha and Beta testing and years of research on Constant Function Market Makers (CFMMs), GammaSwap is now live on Arbitrum.

Coinbase Campaign for Legislation

Coinbase campaign to get the 52 million Americans owning crypto to ask Congress to pass clear and sensible legislation.

Cosmos Highlights of the Week

Mars v2 Live on Osmosis

Contributors actively seek testers for Mars v2 on Osmosis which went live on devnet.

CoinStats and Kava Chain Partner Up

Users of Kava can now track their entire crypto portfolio with CoinStats for crypto, NFTs and DeFi. CoinStats is a one-stop-shop for coin statistics on the metaverse.

MarginX Bring Decentralized Derivatives Perpetual Trading to Cosmos

MarginX is a decentralized perpetual order book exchange that has integrated AMM functionality for order book market management bring decentralized derivatives to Cosmos.

Quasar Lock axlUSDC/USDT Pool

The Quasar Association decided to lock deposits into their axlUSDC/USDT pool as it surpassed 50% of the entire pool's liquidity, increasing potential exposure to slippage on range updates.

Provenance Blockchain Integrates with Elliptic Lens

Provenance Blockchain integrate with Elliptic Lens, by which users on the Provenance chain gain access to a real-time illicit actors tool in order to detect links.

Other Highlights of the Week

FTX Sues SBF's Parents

FTX sued Joe Bankman and Barbara Fried, accusing them of using their “access and influence within the FTX enterprise to enrich themselves”. The suit says they were "gifted" $10 million and that the exchange purchased them a $16.4 million mansion in the Bahamas.

Crypto Critic Senator Charged with Corruption

Senator Bob Menendez, a long-time critic of Bitcoin, was charged with corruption and bribery. The Democrat from New Jersey allegedly was accepting gold bars, cash and mortgage payments in exchange for favoring a trio of wealthy businessmen in his state. Menendez faces 20 years in prison if convicted.

Optimism to Sell 116M $OP Tokens

Ethereum layer-2 scaling solution Optimism plans to sell 116 million OP tokens to seven private buyers for treasury management purposes, around $159 million at current prices.

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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