Markets
Coinbase wants developers to build inflation-pegged 'flat coins' on its new 'Base' network
Cryptocurrency exchange Coinbase sees inflation-pegged “flat coins” as one of four “key” innovations that should be built on top of its recently launched layer 2 network Base.Sherry CantwellBitcoin falls below $28,000 as Binance announces temporary suspension of spot trading
The world's largest cryptocurrency exchange has announced a temporary halt to spot trading due to an error.James DeanWeb3 Studio Overlord develops Dan Houser-backed Revolving Games for NFT games
That’s certainly the case for Web3 project Overlord, which has teamed up with game studio Revolving Games — backed by Rockstar Games co-founder Dan Houser to help it develop a video game within the Overlord ecosystem featuring a colorful lizard NFT.James DeanMysten Labs to Repurchase $96M Worth of Stock and Token Warrants from FTX
Debtors of collapsed cryptocurrency exchange FTX filed a motion in bankruptcy court on Thursday seeking to sell a multimillion-dollar stake in Web3 company Mysten Labs back to the Delaware startup.Barry StidhamNFT wash trades up 126% in February
Wash volume across the top six non-fungible token (NFT) markets rose for the fourth straight month, with a combined volume of $580 million.Hallie GillMastercard Settles APAC Stablecoin Wallet Transactions
Global payments provider Mastercard is launching a stablecoin digital wallet integrated with Australian stablecoin platform Stables.James DeanGameFi Project Gala Files $28M Lawsuit Against pNetwork
On March 20, GameFi project Gala Games announced its recent lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Gala Games exploited after unauthorized wallet addresses minted over $2 billion in GALAChristopher SmithFDIC sells Signature Bank deposits to Flagstar, excluding cryptocurrencies
Just a week after the collapse, deposits and loans at Signature Bank will be sold to Flagstar Bank, a subsidiary of New York’s community bank — but cryptocurrency-related deposits will not be part of the deal.James DeanUBS agrees to $3.25B 'emergency rescue' to Credit Suisse
UBS has agreed to buy its struggling rival Credit Suisse for $3.25 billion on March 19 as part of an "emergency decree" to prevent financial market instability.Christopher Smith1 Year After $11M LUNC Stake: Do Kwon Wanted, Funds Paid, Hedge Stays at FTX
About a year ago, on March 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited Do Kwon, co-founder and then-CEO of Terraform Labs,James DeanSBF's inner circle received $3.2B, mostly from Alameda
Former top executives of FTX and Alameda Research received $3.2 billion in payments and loans from FTX-related entitiesChristopher SmithOrca DEX Blocks US Users from Trading Using Its Interface
Solana-based decentralized exchange (DEX) Orca will block all U.S.-based users from trading using its web interface starting March 31, according to a notice posted on its official website on March 16.Craig GreenPost-Ethereum Merge: Grayscale Extends Review of ETHPoW Decisions
Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell ethereum tokens that were forked after the merge.Martha GrizzardEthereum core developers set for Shanghai hard fork on April 12
The target date for the much-anticipated Ethereum Shanghai hard fork has now been confirmed: April 12.James DeanBitGo Patches Critical Vulnerability First Discovered by Fireblocks
Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users.Cornell RachelPolygon Labs Partners with Unstoppable Domains to Launch Top-Level Domains
Polygon has partnered with Unstoppable Domains to introduce the ability to create Web3 "polygon" domain names.Barry StidhamCrypto investment products see biggest outflows on record amid SVB collapse
Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed to exit amid the latest wave of market volatility sparked by the collapse of Silvergate and Silicon Valley banks.Wayne IngramBinance to lose its GBP on-ramp provider in 9 weeks
Binance is scrambling to find a new service partner to process GBP transfers on its trading platform after its current partner, Skrill Limited, announced that it will soon stop providing services to cryptocurrency exchanges.James DeanEuler Finance Hacked Over $195 Million in Flash Loan Attack
Ethereum-based non-custodial lending protocol Eurler finance faced flash loan attack on March 13, attackers managed to steal millions of Dai, USDC, Collateralized Ether (StETH) and Wrapped Bitcoin (WBTC).Wayne IngramHSBC buys UK unit of Silicon Valley Bank for £1
Global banking giant HSBC is set to rescue the UK branch of failed Silicon Valley Bank with a new takeover.Christopher Smith
