What are this week’s news highlights?
In this Bankless roundup for the 1st week of March, Ryan Adams and David Hoffman discuss Silvergate trouble, $ETH Denver 2023, Robinhood mobile wallet, Metamask & Unity, and more.
Read our notes below to learn more.
Markets Overview
$BTC started the week at $23,300 and ended the week at almost the same price at the time of recording.
$ETH started the week at $1,600 and ended the week at $1,625 at the time of recording.
Total global crypto market cap is at $1.11T.
Monthly Ethereum earnings are now in profit levels.
Blur (an NFT marketplace gaining popularity) started paying more to creators 20 days before OpenSea changed its policy on fees.
Regulations
Gary Gensler made some statements that everything in crypto is a security except Bitcoin.
Jake Chervinsky put out a statement that Gary Gensler’s statements are only opinions and those are not the law.
Logan Bolinger stated that judges, not the SEC, ultimately determine what the law means and how it applies.
The Federal Court ruled that some specific emojis are considered financial advice.
Robinhood received a crypto-related subpoena request from the SEC regarding its operations.
A new body in Congress is challenging recent crypto enforcement actions and banking lockouts emanating from federal regulators.
Shares of crypto-friendly lender Silvergate Capital $SI plunged 45% early Thursday on questions about its survival due to losses and numerous regulatory issues that have arisen following November's FTX exchange collapse.
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Crypto News
Metamask is now integrated in the Unity asset store.
0x announced that their new transaction relay API is now powering crypto trades on Robinhood wallet.
Scroll deploys on Goerli and their testnet is 100% permissionless.
ERC-4337, a feature known as account abstraction, has been deployed and deemed as the beginning of the era of smart accounts.
Yuga Labs’ next NFTs will go live on the Bitcoin blockchain.
Oasis and Jump Crypto counter exploits the Wormhole hacker.
Solana Foundation still doesn’t know what caused the weekend network outage.
FTX ex-engineering chief, Nishad Singh, pleads guilty to criminal charges.
Bankless Podcast proposed to raise $35M for a crypto venture fund in $ETH Denver.
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