The volume of liquid staking protocols has dramatically risen in the past couple of weeks, overtaking decentralized exchanges (DEXs). From April 13 to May 1, the total value locked (TVL) on decentralized exchanges declined by $1.66 billion, while it increased on liquid staking protocols by $280 million.

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Despite the exponential growth of the Web3 industry, most universities are still hesitant to integrate decentralized finance and Web3 education into their curricula. The risks of exploring fast-developing Web3 technologies, including fluid regulatory environments and malicious actors, have made universities reluctant to invest resources in Web3 coursework. However, universities must prioritize Web3 literacy to decrease the latency in their curricula, focus on modern business and technology solutions to modern business problems, and prepare students for the increasing demand for blockchain-related jobs. By offering formal and experiential educational opportunities in Web3, universities can increase job placement rates, attract talent to campus, and build long-term partnerships with nearby accelerators or innovation centers. The Web3 industry is here to stay, and universities must catch up with the times to equip students with the skills to build and manage Web3 businesses.

(By FRANK BOLELLA)

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The Nigerian government has approved a national blockchain policy, which has been welcomed by the country's crypto community. The policy is expected to facilitate the development of Nigeria's digital economy and could have implications for governance and policy-making, digital identity management, e-payments and billings. The government has also instructed relevant regulatory bodies to create regulatory frameworks for the implementation of blockchain technology in different sectors of the economy. The policy has been praised for its comprehensive approach and potential to encourage innovation, investment and economic growth.

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Spanish law enforcement recently rescued a Syrian cryptocurrency dealer from three kidnappers who demanded a ransom of $1.12 million. The kidnappers, who were the victim's party friends, were found to possess weapons and fake identity documents when arrested. The Syrian crypto dealer, whose company is based in Dubai, was told to access applications he uses to manage his crypto business and contact the intended recipient of the ransom money while in captivity. He managed to take a photo through the window and send it to a colleague, who contacted law enforcement and led to the raid on a luxury villa in Benalmádena.

(By Terence Zimwara)

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The popularity of Ordinals has caused chaos in the Bitcoin ecosystem, resulting in skyrocketing transaction fees and network congestion. However, this development has been a blessing in disguise for Bitcoin miners, who earned a total of $17.75 million in revenues on May 8th due to the surge in fees. The increase in Ordinals transactions has also led to a doubling of daily inscriptions in just ten days, with text-type ordinals taking over their image counterpart in market share. While not all Bitcoin advocates are happy with the success of Ordinals, MicroStrategy co-founder Michael Saylor believes it could be a catalyst for Bitcoin's adoption.

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Sandra Lee, a member of the Financial Stability Oversight Council (FSOC), stated that the collapse of FTX could have been prevented if the recommendations from a report published by the FSOC in October 2021 had been closely examined. The FSOC is a group of top financial regulators established in 2010 by the Dodd-Frank Act, whose primary goal is to identify emerging risks to U.S. financial markets and make policy recommendations. Lee mentioned that some of the risks identified in the report were observed in the collapse of FTX, including market integrity issues and risks associated with cryptoasset firms. FTX, once one of the largest cryptocurrency exchanges, collapsed in November 2021 after a bank run and revelations of misused customer funds.

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Bitcoin infrastructure firm Lightning Labs has released an update to Litd, its node management tool, which adds automated fee management, custodial accounts, finer-grained LNC permissions, and the Pool Order Board to simplify Lightning Network usage.

Litd aims to abstract certain features of node management for non-tech-savvy users, and the recent update includes a new version of Lightning Terminal, which now supports automated channel fee management. The update also introduces "accounts" to eliminate the need for users to deal with all the complexity of liquidity or node management. The changes are intended to increase node-management automation and provide better developer tooling, making it easier to onboard new users to the network regardless of their experience level.

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The forward-looking ether volatility index (ETH DVOL) on Deribit has continued to decline due to macroeconomic uncertainties and the pepecoin frenzy. The index fell to a record low of 51, indicating underpriced expectations for price turbulence over the next four weeks. Bitcoin's DVOL has also declined but remains above the lifetime low. Greg Magadini, director of derivatives at Amberdata, suggests that now may be the time to "go long ETH volatility" as volatility expectations in the ether market are more underpriced than in the bitcoin market. Traders typically buy call or put options or both or volatility futures when intending to profit from an expected surge in volatility.

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The prolonged bear market of 2022 and the first quarter of 2023 has led to a decline in trading volumes and prices of most non-fungible token (NFT) projects. Only six of the top 20 NFT collections by market capitalization recorded increased trading volumes over the last 30 days, while the remaining collections experienced a significant decrease.

NFT projects such as CryptoPunks, Mutant Ape Yacht Club, Otherdeed, Moonbirds, and Doodles saw significant drops in their trading volumes and prices. However, the NFT industry has continued to grow and evolve, with Q1 2023 being the best quarter since Q2 2022, and NFT trading volume increasing by 137% to $4.7 billion.

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Circle CEO Jeremy Allaire has said that the US regulatory crackdown was a major factor behind stablecoin USD Coin's (USDC) declining market capitalization. Allaire noted that there is "huge amount of concern globally about the US banking system" and the "regulatory environment in the US." USDC's market cap has been cut nearly in half, currently sitting at $30.7 billion, following the banking crisis and its depeg from the US dollar earlier this year. Coinbase had also warned that the lack of regulatory clarity may force crypto companies to look for opportunities overseas. Allaire believes the US will be left behind without regulatory clarity.

(By PRASHANT JHA)

#ETH2.0 #askbinancesensei #bitcoin

FCA Executive Director Sarah Pritchard spoke at London’s City Week conference highlighting the need for cooperation on crypto regulations.

“We want industry’s input to make sure we get the future regulatory regime for crypto assets right,” she said.

“Let’s work together, to shape our rules and regulations to benefit markets, consumers and firms as crypto goes from niche to mainstream.”

#ETH2.0 #askbinancesensei #crypto2023

Blur has announced a new lending protocol for non-fungible tokens.

The protocol, dubbed Blend, was developed in conjunction with Paradigm's Dan Robinson and Transmissions11.

According to the project's white paper, the protocol enables perpetual lending, meaning that loans have no set expiration date, "allowing borrowing positions to remain open indefinitely until liquidated, with market-determined interest rates."

The paper goes on to explain:

"By default, Blend loans have fixed rates and never expire. Borrowers can repay at any time, while lenders can exit their positions by triggering a Dutch auction to find a new lender at a new rate. If that auction fails, the borrower is liquidated and the lender takes possession of the collateral."

Blend is the latest entrant in the NFT lending space, which has seen the emergence of platforms like BendDAO. Elsewhere, a group of former Coinbase engineers launched an NFT lending platform called PaprMeme supported by $3 million in funding from the U.S. exchange's venture arm.

Blur busy period

The latest release builds on a busy period for Blur, which in April captured 48% of monthly volume among NFT marketplaces, according to data from The Block Research's Data Dashboard. Blur edged out rival exchange OpenSea, drawing $622.3 million in volume vs. OpenSea's $596.3 million.

After its launch earlier this year, Blur quickly ate into OpenSea's market share through airdrops, low fees and token incentives. OpenSea launched a trading platform, dubbed OpenSea Pro, last month in a bid to woo back NFT whales.

OpenSea's bet appears to be bearing fruit. Its $596.3 million volume figure for April represented a 49.1% jump from March's $399.9 million.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#BNB #ETH2.0 #dyor

2023-04-29 19:40:11（UTC+8), 151.35M USDC were transferred from unknown to Coinbase exchange. (Data source: whale-alert)

#bitcoin #SUI #ETH2.0

The debate between active and passive investing has been ongoing in traditional investment management for a long time. When it comes to investing in the liquid token market, we believe that active management is crucial. Similar to the stock market, we expect a fat right tail in digital asset returns, with only a few assets driving the majority of wealth creation.

Bitcoin has historically been the primary wealth creator in this asset class, and passive portfolios have generally underperformed BTC. Our analysis suggests that value investing in digital assets may be challenging, and it's best to either buy and hold BTC or use active management to find tokens with fundamental momentum and potential to rise into the top ranks of the market.

#ETH2.0

Arm Ltd., the chip design firm owned by SoftBank Group Corp., said it confidentially submitted a draft registration statement to the US Securities and Exchange Commission for its proposed initial public offering.

The size and price range for the proposed offering have yet to be determined, the company said in a statement, adding that the IPO is subject to market and other conditions and the completion of the SEC’s review process.

Reuters reported earlier about the filing, noting that the company plans to raise between $8 billion and $10 billion.

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Cipher Mining has announced the purchase of 11,000 bitcoin mining rigs from Canaan Inc. in order to boost its computing power to 7.2 EH/s when installed. The energization is expected by the end of Q3, and the miner has the potential to reach 8.2 EH/s by the end of the year. Cipher's net loss per share fell by more than half in Q1 2023 compared to the same period last year, and the miner expects an average price of $0.027 per kWh of electricity across its portfolio. Canaan saw its sales dwindle throughout the year, outcompeted by other manufacturers while the market overall was depressed. As of pre-market trading, Cipher's stock was up over 6% at $2.07.

#ETH2.0 #dyor

Decentralized exchange Uniswap has surpassed Coinbase in daily trading volume, with the difference in volume continuing to rise over the past few days. Uniswap, which has three different versions across six different blockchains, has been engaged in fierce competition with Coinbase for second place in trading volume since last year. While the trading volume over the past few days may be fueled by the hype around meme coin Pepecoin, Uniswap has previously beaten Coinbase on volume several times in 2022. Uniswap is currently the premier decentralized trading spot for users, accounting for 61% of all DeFi trading over the past 7 days.

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2023-05-09 04:25:11（UTC+8), 90M USDT were transferred from Tether Treasury other to Bitfinex exchange. (Data source: whale-alert)

#ETH2.0 #ETH

Chinese AI company Iflytek has launched its "Spark Model," an AI system designed to compete with OpenAI's ChatGPT. The launch took place at a tech event in HeiFei and featured a full demonstration of the system's capabilities. Iflytek founder and president Liu Qingfeng stated that the Spark Model represented the "dawn of general artificial intelligence" and that it would surpass ChatGPT in the Chinese language by October 10. While details about the underlying technology are scarce, the proposed upgrades to the Spark Model could represent a significant moment in tech and have been developed in a relatively short amount of time.

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The XRP Ledger (XRPL) is set to introduce a native Automated Market Maker (AMM) feature, which Ripple CTO David Schwartz considers the most exciting development to come to the platform in the past decade. The AMM functionality, a hybrid of Central Limit Order Book (CLOB) and AMM, offers optimal pricing with low slippage, making it easier to get liquidity and allowing anyone to create a new pool of assets to trade.

Moreover, the XRPL AMM eliminates Miner Extractable Value and front-running through federated consensus and canonical transaction ordering, and enables single-sided liquidity provision and continuous auctions to maintain fair asset prices.

#crypto2023 #ETH2.0 #dyor