Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readMar 5, 2024

27th February — 5th March

▫️ Crypto funds hit a record $30B in trading last week, led by Bitcoin dominance.

▫️ SEC postpones decision on BlackRock’s ethereum ETF proposal, seeks public input.

▫️ Commissioner Peirce says SEC is in “enforcement-only mode” for crypto.

▫️ State attorneys argue SEC overstepped in Kraken lawsuit.

▫️ Coinbase glitch shows $0 balances amid Bitcoin surge.

▫️ Gemini plans to return assets to Earn users pending bankruptcy approval & $37M fine to NY DFS.

▫️ Fidelity All-in-One ETFs to include 1–3% crypto allocation.

▫️ Aleo users worry about privacy after KYC documents leak.

▫️ Ethereum Dencun upgrade set for March 13th.

▫️ Tornado Cash deposits via IPFS gateways risk notes exposure, warns blog post.

▫️ Seneca $6.4M exploit on mainnet & Arbitrum returns 80% of funds, urges approval revocation.

▫️ HackMD adds Sign-in with Ethereum feature.

▫️ Taiwan’s financial regulator explores a special act to regulate crypto.

▫️ Nigeria reportedly demands $10B from Binance in damages.

▫️ Hong Kong attracts 22 firms seeking crypto exchange licenses, including OKX, Bybit, and HTX.

▫️ StarkWare introduces new open source zero-knowledge prover Stwo.

▫️ Ethereum Layer 2 chain Blast launches official mainnet.

▫️ Astaria Intents (intent-based lending) live on Base platform.

▫️ Delta hard fork reduces fees for Optimism ecosystem chains.

▫️ Polygon zkEVM ready for Dencun upgrade, anticipates fee reductions with EIP-4844.

▫️ Aave DAO produces the first block under Frontier ETH staking program.

▫️ Ankr to create liquid staking tokens for Bitcoin via Babylon.

▫️ Jae Kwon leads community GovGen initiative before AtomOne fork.

▫️ Avail, modular blockchain project, raises $27M in seed funding.

▫️ Taiko, an “Ethereum-equivalent ZK Rollup,” closes a $15M funding round.

▫️ Initia, rollup-focused blockchain, secures $7.5M in funding.

▫️ Octav, a project focused on on-chain data, secures $4M in strategic funding.

▫️ Arkis closes a $2.2M funding round to boost adoption.

▫️ Second-most expensive CryptoPunk sells for 4,500 ETH, over $16M.

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