😱 Silvergate 📉
In today's edition: Kraken ⛔ Signature, 📉 $6 billion outflows, 4️⃣3️⃣3️⃣7️⃣ new Ethereum ERC, and more!
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🎆 Unchained Relaunched: Guides ✍️🤓
How to Transfer Bitcoin From an Exchange to a Hardware Wallet
by Jeff Benson
Do you want to take control of your BTC? With this easy-to-follow guide, you'll be able to securely store your cryptocurrency and have peace of mind knowing that you're the only one with access to your funds.
ICYMI: How to Bridge to Ethereum Layer 2s
by Siddhant Kejriwal
Say goodbye to high gas fees and slow transactions. This step-by-step guide will show you how to bridge your assets and enjoy faster, cheaper, and more efficient transactions on the Ethereum network.
On Unchained Premium: The Future of Privacy in Communications With Andrew Milich
Andrew Milich, the CEO of Skiff, emphasizes the significance of privacy in digital communications. He explains how Skiff plans to transform the industry by leveraging decentralized networks and implementing end-to-end encryption.
Have Crypto Detectives Killed the Cypherpunk Dream?
What’s Poppin’?
by Samyuktha Sriram
Kraken Ends Non-Corporate Transactions With Signature Bank: Report
Kraken joins Binance in limiting certain transactions through Signature Bank, after the firm implemented a policy to no longer process transactions below $100,000.
Ethereum Implements Account Abstraction With ERC-4337
Account abstraction, which turns user accounts into contract accounts on Ethereum, is now a reality after the deployment of ERC-4337 on Wednesday.
Crypto Investors Pulled $6B From BUSD Amid U.S. Crackdown
Paxos-issued stablecoin BUSD saw $6 billion worth of outflows over the last month as it faces increasing pressure from regulators.
Bitcoin and Ethereum Liquidity Falls Lower Than Post-FTX Levels
Market depth for Bitcoin and Ethereum has continued to fall this week, hitting a low last seen in May 2022.
In Other News…✍️✍️✍️
Silvergate Capital is reviewing its financial controls and viability following the collapse of FTX and is also under investigation by the US Justice Department for its dealings with FTX and Alameda Research. The company’s stock (SI) dropped by 35%.
97% of Voyager Digital's account holder claims customers approved its proposed restructuring plan that includes Binance.US acquiring the firm's assets for $1.02 billion, according to bankruptcy administration company Stretto.
The Unsecured Creditors Committee in the Celsius bankruptcy case considers the proposed sale to NovaWulf Digital Management as the best option.
Brian Armstrong, CEO of Coinbase, stated that the interests of the exchange align with those of the Securities and Exchange Commission (SEC) and that the company has maintained a positive relationship with the agency, including meetings with its Chairman Gary Gensler.
Crypto custody firm Protego Trust laid off most of its workforce after being unable to secure fresh funding amid the crypto bear market.
The Sandbox issued a warning of a security breach after an unauthorized third party gained access to an employee's computer and sent fraudulent emails to the platform's users.
U.S. Treasury, Federal Reserve, and White House officials will regularly meet to discuss a possible central bank digital currency. The Fed is in the lead research role and the issuance of a CBDC is only possible with support from the executive branch, Congress, and the public.
A US resident filed a complaint against Nexo (disclosure: a former sponsor) alleging harm from the firm's "fraudulent inducement" to take out loans, leading to millions of dollars in losses when he was liquidated of his digital assets.
DeFi will be the first topic to be discussed at the Commodity Futures Trading Commission's Technology Advisory Committee meeting on March 22, highlighting the importance of the cryptocurrency sector for the U.S. derivatives regulator.
The SEC may increase its focus on cracking down on crypto firms by expanding its digital assets enforcement team.
Today in Crypto Adoption...
Polygon launched a new identity verification product based on Zero-Knowledge technology, Polygon ID, which allows for secure verification of credentials without revealing sensitive information.
The $$$ Corner…
Redeem, a web3 startup, closed a $2.5 million pre-seed funding round.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 1.04%, trading at $23,463
ETH is down .18%, trading at $1,646
BTC dominance: 40.63%
Crypto market cap: $1.11 trillion
*All data as of today, 5 am ET
Recommended Reads
The Block: NBA Top Shot CEO’s decadent lifestyle, ‘public shaming’ led to toxic culture as Dapper flails
Eli Nuss from Stratos analyzes Eigenlayer:
1/ For some time, @eigenlayer has been one of the most anticipated products in crypto. Last week's launch of their whitepaper only amplified this. We've spent a lot of time thinking about just how large and valuable EigenLayer/re-staking can become. ↓ Our analysis below ↓We're proud to release the 1st public version of the EigenLayer whitepaper: - in the new https://t.co/2WIESrM1vN - and at https://t.co/n3MHey9B99 It describes the key ideas the core developers are implementing into the 1st version of the protocol launching later this year. 1/6 https://t.co/2hxkmMPGCr
EigenLayer @eigenlayerZoomer Oracle on Bitcoin Layer 2:
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