Translated by elcreto
Xangle’s Take on the Market This Week
- Crypto tumbled this week, buffeted by a series of headwinds, including persistent inflation jitters, Silvergate distress, Mt. Gox repayment, and Binance’s alleged money laundering.
- While the retreat was observed in all sectors, Korea Crypto Index (-15%), NFT (-15%), and Games/Metaverse (-15%) posted the biggest losses.
Ethereum Announces Deployment of ERC-4337
Ethereum Foundation has unveiled the launch of the ERC-4337 account abstraction standard at ETHDenver.
Polygon ID Makes Its Official Debut
Polygon Labs has released ZKP-powered Polygon ID to the public under an open source license.
Axelar Launches Axelar VM for More Scalable Interchain Connectivity
Cross-chain solution Axelar has introduced the Axelar Virtual Machine, an infrastructure supporting multichain operation of dApps.
Link: Axelar Blog Announcement
Yuga Labs to Auction TwelveFold
Yuga Labs has announced an auction of TwelveFold, its first NFT collection inscribed on the Bitcoin blockchain.
After Polygon Seals Partnership with Daehong Communications, Bellygom Migrates to Polygon
As Polygon enters partnership with Daehong Communications—one of the Lotte Group companies responsible for the group’s NFT projects—Lotte Homeshopping’s own character, Bellygom, migrates to the Polygon network.
Derby Stars Opens Early Access
Invested in by Hashed, developed by UNOPND, Derby Stars—a blockchain horse racing game similar to Uma Musume—has released an early access version.
Link: Derby Stars Notice
Magic Eden Set to Roll Out 13 Games
Magic Eden is hosting “Mint Madness” during March, offering free Web3 gaming mints. With this event, the NFT marketplace plans to launch 13 Web3 Games.
Link: CoinDesk Report
“Summoners War: Chronicles” to Join XPLA Ecosystem
XPLA announced in a tweet that Com2uS’s MMORPG, Summoners War: Chronicles, will join the XPLA ecosystem in July 2023.
News of Troubles at Silvergate Bank Batters Crypto
After Silvergate delayed the bank’s annual 10-K report and raised doubts about its going concern, the crypto market plunged amid fears of a bank run.
FTX Says $8.9B in Customer Funds Are Missing
FTX’s presentation filed in the Chapter 11 case revealed an $8.9B shortfall in the outstanding customer receivables of $11.6B.
Link: Coindesk Report
Previous Xangle Weekly Reports
- [Weekly Xangle] Klaytn Burns Reserve Supply, Coinbase Launches Base, OpenSea Cuts Fee, TON Tokenomics Optimization
- [Weekly Xangle] WEMIX Relisted on Coinone, SEC Suing Terraform Labs, Blur Launching Native Token, and More