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Crypto Alpha, Week 46 2023

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: Tether Expand BTC Mining Ops, Evmos Announces Shift To Ethereum, Plasma Returns to Ethereum, Terra Acquires Pulsar Finance, Circle Cross Chain Transfer Protocol Launches on Noble, OKX Launch L2 Network on Polygon, dYdX Chain Trading Goes Live & Uniswap Android App Launches.

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Bitcoin Highlights of the Week

Tether expand their BTC mining operation with a planned $500 million investment for establishing mining facilities in Uruguay.

Commerzbank, one of Germany's largest bank and asset holder, has been granted by the BaFin a BTC custody license as they push to bring crypto to TradFi.

Analyst Predict $150,000 BTC Price Target By 2025

In a surprising turn of events, Bernstein, a once bearish Wall Street firm, has put forth a forecast suggesting that Bitcoin's price could soar to $150,000 by 2025.

ARK Investment Management and 21Shares have collectively amended their shared BTC spot ETF application to the SEC. If approved, the ETF will trade on the BZX Exchange under ticker symbol ARKB.

Ethereum Highlights of the Week

Evmos Announces Strategic Shift

Evmos, the Ethereum Virtual Machine (EVM) compatible blockchain operating within the Cosmos network, revealed plans to exclusively support Ethereum-formatted transactions by the third quarter of 2024.

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