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Crypto Alpha, Week 43 2023

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: Mastercard and MoonPay Team Up, BlackRock iShares ETF Listed on Nasdaq, POL Live on Ethereum Mainnet, BlockFi Re-emerges, dYdX Launches Own Chain, Osmosis Introduces Pipette, SBF Takes to the Stand & Uniswap Visa Card Proposal.

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

The United Kingdom passes legislation that enable authorities to seize Bitcoin used for illicit and criminal purposes, namely the Economic Crime and Corporate Transparency Bill. With this bill passing, it will enable UK authorities to double down on the use of cryptocurrency in crimes like cybercrime, scams and drug trafficking.

Global financial giant Mastercard take one step further into the world of cryptocurrency as they announced a new collaboration with crypto payment platform MoonPay. With this collab, Mastercard will advance with their services into Web3 with the channels already estabilished by MoonPay.

The SEC and asset manager Hashdex have a sit down due to their Bitcoin ETF application. The SEC has raised concerns to Hashdex because of their wish to offer spot Bitcoins for their users.

BlackRock’s spot Bitcoin ETF has been listed on a Nasdaq trade clearing firm, Depository Trust & Clearing Corporation (DTCC). The iShares Bitcoin ETF will be traded under ticker $IBTC.

Crypto exchange Coinbase discarded rumors that circled in the crypto community, that a withdrawal limit on Bitcoin of $5,000 per week was in place. Coinbase has then confirmed, that currently there are no withdrawal limits on Bitcoin.

Ethereum Highlights of the Week

Polygon 2.0 reach a major milestone as the POL token goes live on Ethereum Mainnet. POL is a next-gen hyperproductive token which is designed to power a vast ecosystem of zero knowledge-based Layer 2 chains via a native re-staking protocol.

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