Cryptocurrency After a very hot week in the market, it has finally entered the weekend. Alright in altcoins What are the important developments this week and what are the events to watch next week?
Recent Days Developments
- The GBTC discount has narrowed by 12% with the positive news regarding Grayscale’s Bitcoin Spot ETF after judges questioned the SEC’s arguments during the appeal hearing.
- Mt Gox’s $3 billion payback period has been delayed by one month to October 31.
- Shanghai Upgrade on Ethereum has been delayed until early April.
- Silvergate announced that it has ceased operations and liquidated its assets.
- Cosmos’ Replicated Security was approved, allowing chains to take over the security of Cosmos in exchange for ATOM tokens. The update will be implemented on March 15.
- Coinbase has launched “Wallet as a Service”, which allows companies to easily incorporate users into cryptocurrencies.
- Lido v2 update proposal accepted, withdrawals enabled and a staking router introduced.
- MKR’s proposal to increase its US treasury investments to $1.25 billion is under discussion and, if approved, could generate a significant additional source of protocol revenue.
- DYDX’s proposal to reduce trading rewards by 45%, heavily backed by Wintermute, goes live today and is expected to be accepted by the majority.
- Voyager has received court approval to be acquired by Binance US for $1 billion.
- Kraken plans to launch its own digital asset bank despite recent regulatory pressures.
- Celestia launched its incentivized testnet program on Tuesday.
- Uniswap has released a preliminary version of its mobile wallet at the ETHDenver event.
- The Amazon NFT marketplace will launch in April on an EVM-compatible blockchain.
- Phantom Mainnet has undergone an upgrade with several technical improvements.
- The Graph has added support for Phantom through the MIPs program.
- Voyager liquidated its assets during the week and currently holds $300 million excluding stablecoins.
- Sector Finance, a structured product DeFi protocol, is now available in Arbitrum.
- Garbi Protocol, a DEX for stablecoins at Arbitrum, has released its v2 upgrade.
- The HT token instantly dropped 93%.
- NYAG claims that $ETH is a security in the lawsuit filed against Kucoin.
- It turned out that USDC had a presence in the bankrupt Silicon Valley Bank.
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Highlights of the Next Week
- The STG token migration date, which will burn Alameda’s share of the token and reduce the total supply by 10%, is set for March 15.
- Goerli hardfork planned for Optimism in early March.
- The Filecoin (FIL) Virtual Machine is launching on March 14.
- Shibarium Public Beta, SHIB’s official Tier 2 network, will launch this week.
- Aave’s $GHO token and Curve’s $crvUSD token are expected to be released soon.
*Not investment advice.
Source: Bitcoinsistemi.com