Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readMar 12, 2024

5th March — 12th March

▫️ Global crypto investment products saw $2.7 billion record inflows last week.

▫️ ShapeShift settles with SEC for $275K over unregistered securities dealer charges.

▫️ SEC delays decision on BlackRock’s spot Ethereum ETF proposal, seeks public feedback.

▫️ Grayscale and Coinbase meet with SEC to discuss spot Ethereum ETFs.

▫️ Wyoming enacts a law allowing DAOs to establish legal entities.

▫️ Thailand permits asset firms access to spot bitcoin ETFs for professional investors.

▫️ South Korea plans a crypto management system to combat tax evasion.

▫️ OrdiZK, a Bitcoin bridge, experiences a $1.4M rug pull.

▫️ WOOFi faces $8.75M exploit on Arbitrum via price manipulation.

▫️ MakerDAO implements temporary fee hikes in anticipation of a potential demand shock.

▫️ Avalanche unveils Durango upgrade, introducing features like the “Teleporter” for subnet interoperability.

▫️ Gnosis announces the third version of its platform.

▫️ Kwenta Perps v3 goes live on Base, beta version released.

▫️ zkLink Nova platform announced for aggregating Ethereum Rollups onto one L3 network.

▫️ Injective’s inEVM L2 launched on the mainnet.

▫️ Blobs deployed on Gnosis Chain ahead of Ethereum’s Dencun upgrade.

▫️ Fellowship of Ethereum Magicians proposes new standard ERC-7647 for fungible NFTs.

▫️ Base announces support for EIP-4844 after Dencun upgrade.

▫️ Revolut introduces direct crypto purchases into MetaMask wallets for simplified web3 usage.

▫️ Tether to launch USDT stablecoin on Celo blockchain.

▫️ MIT and Harvard alumni launch startup accelerator to support web3 founders.

▫️ Eclipse Labs raises $50M in Series A funding ahead of expected Q2 mainnet launch.

▫️ Utila, an institutional crypto platform, secures $11.5M in seed funding.

▫️ Mirana Ventures partners with TON, including an $8M funding round.

▫️ NFT lending protocol NFTfi raises $6M in series A1 funding.

▫️ Firewall, a security insurance firm, closes a $3.7M pre-seed funding round.

▫️ Slack, an on-chain points startup, raises $3M in seed funding.

▫️ Scallop Protocol, a project on Sui, announces a $3M funding round.

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