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Crypto Alpha, Week 47 2023

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: ARK Invest Spot Bitcoin ETF Amendment, Blast Ethereum Layer-2 Rollup Launches, Circle Introduce Bridged USDC Standard, USDY Live on Injective, KYVE Network Integrates with Cronos, CZ Steps Down from Binance, SEC Sues Kraken & Uniswap v4 Launches.

This week’s newsletter is sponsored by Composable Finance and Picasso:

Composable and Picasso are the team leading the extension of IBC to all ecosystems in order to bring to life secure and chain-agnostic interoperability for users and builders. They are currently powering cross-ecosystem IBC across Polkadot, Kusama, Cosmos with 20+ connected chains and soon Ethereum, Solana, and NEAR will also be connected.

Most notably, the team has recently deployed the first Ethereum IBC connection on Testnet. Furthermore, to engage users and builder, Composable has just launched a user-engagement campaign - The Composable Expedition - an immersive, gamified experience designed for community members to actively participate in the first Ethereum IBC Testnet with rewards, airdrops, and NFTs. Up to 2.5% of $PICA and up to 5% of $LAYR token rewards have been allocated for this campaign.

Bitcoin Highlights of the Week

BTCPay Server now offers print vouchers for merchants to sell which can be used to redeem cash for bitcoin.

Ark Invest has filed another amendment to their spot Bitcoin ETF application with the SEC, fuelling further movement behind the scenes for their spot ETF to become reality.

Austrian subsidiary of EU lender Raiffeisen Bank gear up to offer BTC trading to their Austrian clients from 2024.

US Presidential candidate Robert F. Kennedy Jr states that Bitcoin is a huge threat to the economic model of big banks.

Ethereum Highlights of the Week

Blast Ethereum Layer-2 Rollup Launches

A new Ethereum layer-2 rollup named Blast has generated substantial interest, accumulating an impressive $370 million in total value locked (TVL).

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