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- Bitcoin, Ethereum, Cosmos and more Week 44 2023
Bitcoin, Ethereum, Cosmos and more Week 44 2023
All things crypto, web3 and blockchain across all the Coin Clubs
TLDR: SEC Fine Ripple $770m and Subpoena Paypal, Fraud Charges at SafeMoon, Celestia Goes Live on Mainnet, First Cosmos to Ethereum Rollup on Catalyst, Side Protocol Introduces Insiders and SBF Found Guilty.
This week’s newsletter is sponsored by Amulet Finance:
Amulet Finance is a pioneering non-custodial lending protocol designed to power DeFi on Cosmos. Launching on Neutron in 2023, Amulet will empower users to access the value in staking rewards and other forms of yield upfront with self-repaying loans.
Starting with ATOM, users will be able to stake ATOM on Cosmos via smart contracts operating cross-chain from Neutron and obtain an Advance on their future staking rewards in a matching synthetic, “amATOM”.
By enabling loans against a variety of assets deployed on a range of strategies, Amulet is designed to release value for users and increase liquidity across Cosmos.
Bitcoin Highlights of the Week
Global investment firm VanEck refiles for their BTC ETF with the SEC. By doing so, reaffirmation and dedication to provide a regulated BTC investment avenue for both retail and institutional investors.
The Rebel Satoshi presale has begun as the meme coin strive to ignite a transformation in the crypto market. With the overall meme coin market valued at $20 billion, investors need to take notice of $RBLZ.
One of Switzerlands largest banks, St. Galler Kantonalbank, has introduced BTC and ETH trading services for select customers, and has announced plans to add further cryptocurrencies in the future.
Ethereum Highlights of the Week
Executives at SafeMoon have been charged with securities fraud, money laundering and wire fraud. The charged executive used the funds for personal investments, real estate investments and to purchase luxury vehicles.
The Aragon Association (AA), the legal steward of the Aragon treasury, assets, and mission, has passed the resolution to dissolve the Aragon Association and allow all token holders to redeem ANT for ETH.
The first onchain mobile game has launched on Base, Drawtech. By playing Drawtech, players can earn rewards by their drawing skills and shared canvases.
An Ethereum whale withdrew 8,698 ETH from Binance worth $15.94 million. This move made the ETH price jump 2.64%.
Cosmos Highlights of the Week
Modular blockchain Celestia launches its mainnet beta, and distributes its native TIA token to its users. Celestia strive to address scalability and stability challenges common in ‘rigid’ blockchains like Ethereum and Solana.
Osmosis integration for the new fee system was initiated on Keplr Wallet and Leap Wallet. This means, that builders on Osmosis can now query the current base fee.
Nomic completed the interchain upgrade enabling nBTC to be transferable via IBC.
The first-ever live bridge between a Cosmos rollup and an Ethereum rollup was made with Catalyst.
Side Protocol Introduces Insiders and SBI, which are a DAO for dedicated community members. The purpose of Insiders and SBI is to preserve community identity and maintaining a cohesive community spirit.
Other Highlights of the Week
The SEC issued a subpoena to PayPal requesting documentation on PYUSD, PayPal's stablecoin. In August, PayPal went live with PYUSD, which is a dollar-pegged stablecoin.
Ripple has received a $770 million fine from the SEC due to violation of securities laws. After the SEC has lost its previous legal battles against Ripple, the regulator's fine scheme will enable a new go at Ripple.
Coinbase introduce to US retailers a futures program giving access to regulated contracts with their Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.
With his latest acquisition, Elon Musk unveiled plans for X and how he plans to introduce financial services to its users. Musk unveils, that services traditionally provided via a bank will soon be possible on X.
FTX founder Sam Bankman-Fried has been found guilty on all seven charges which include multiple counts of fraud, conspiracy and money laundering. SBF’s sentence could be a maximum of 115 years in federal prison, and the sentencing has been tentatively set for March 2024.
USDC issuer Circle is phasing out its support for individual accounts to mint its stablecoins. The decision made by Circle will not affect business or institutional Circle Mint accounts, but retail users. Retails users will however still be able to access USDC through brokerages, crypto exchanges and digital asset wallet services.
This week’s newsletter is sponsored by Black Jack:
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In Black Jack there are both singleplayer and multiplayer options. Singleplayer is great for beginners to familiarise with the game, while multiplayer offers a wide range of choices:
Reserve a private game just for you and your friends
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Compete in tournaments for cash prizes, and even move up the leaderboard to get the tournament prize and any additional special prizes.
Black Jack is compatible with web and mobile wallets Keplr, Leap, Fina and MetaMask. Just visit via web or your mobile wallet's browser.
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This week’s newsletter is sponsored by Everstake:
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