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Crypto Alpha, Week 51 2023

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: Gelato Launch Rollup Deployment Program, Paxos Join Solana, TOKI Bring Oasys to the Interchain, Quark Protocol Launches on Kujira’s Fuzion & Astria Goes Live.

Premium Content of the Week

Bitcoin Highlights of the Week

Just two weeks after El Salvador launched its Bitcoin Freedom Visa for foreign citizens wanting to move to El Salvador, the Central American country has now passed a law for offering citizenship ti Bitcoin investors.

Marathon Digital have procured two mining sits for $178.6 million as it looks to increase its capacity ahead of the Bitcoin mining reward halving in 2024. With this purchase, Marathon Digital’s total mining capacity are brought up to 974 megawatts.

The SEC met this week with representatives of seven companies who has applied for spot Bitcoin ETFs. Among these were BlackRock, Grayscale Investments, ARK Investments 21Shares. A number of these players have been told by the SEC to make final changes to their applications, which are all believed to be approved by early 2024.

Hive Digital, the Vancouver-based mining company, has procured 7,000 new application-specific integrated circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 units are slated for arrival from January through June next year.

Humboldt Bay Firefighters, a firefighter union in Eureka California, has become the third union in the US to purchase and hold Bitcoin on its balance sheet.

Ethereum Highlights of the Week

Gelato have deployed their rollup platform on Optimism and Polygon, where builders and users get fully serviced Layer 2 chain integrations.

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