He has been the subject of multiple investigations and an Interpol arrangement in 2022 after the collapse of stablecoin TerraUSD (UST) and its $40 billion ecosystem shocked the cryptocurrency market. It was also published on the list──Looking back at this week’s top news in a digest.

Bitcoin (BTC) Benefits from Financial System Instability, Falling Inflation Allowing Fed to Be Less Hawkish, and Regulatory Overhang Hitting Stablecoins Matrixport, a crypto asset (virtual currency) services company, said in a report on March 16.

The patent, published today, says it will allow players like the company’s flagship PlayStation to play interoperable Web3 games. This means that NFTs can be transferred between devices such as VR headsets, tablets, computers and smartphones.

Layer 2 scaling solution Polygon has partnered with SaaS giant Salesforce to build an NFT-based loyalty program.

“Salesforce supports Polygon implementation for customers looking to build token-based loyalty programs,” Ryan Wyatt, president of Polygon Labs, tweeted on March 16.

European Parliament member and former Belgian Finance Minister Johan Van Overtveldt called for a ban on cryptocurrencies in a tweet on March 17 following the turmoil in the banking sector. .

Coinbase said in a March 17 report that the medium- to long-term outlook for the cryptocurrency market has been “upwardly strengthened” following the recent turmoil in the American banking industry. .

“Crypto-assets have shown some resilience, partly for technical reasons,” but more people are embracing the “basic value proposition of having an alternative to the points of failure inherent in the traditional financial system.” We started to appreciate it,” said David Duong, head of institutional investor research.

For the first time in nearly two years, cryptocurrency options traders see Bitcoin (BTC), the largest cryptocurrency, in second place with more volatility than the native token of the Ethereum blockchain, Ethereum (ETH). I’m watching it grow.

This is unusual as Ethereum and related coins generally tend to be more volatile than Bitcoin and reflects a market affected by macroeconomic issues.

Cryptocurrency funds posted their sixth straight week of net outflows last week, despite rising Bitcoin (BTC) prices. According to a report published by CoinShares on the 20th, net outflows for the week ending March 17 were $95 million.

American investors are leading the way in investing in Bitcoin as a safe haven asset, according to an analysis by cryptocurrency service provider Matrixport. Bitcoin has risen more than 40% over the past 10 days, surpassing the $28,000 mark for the first time in nine months.

US cryptocurrency trading giant Coinbase said on March 22 that it may soon face enforcement action over its possible listing of unregistered securities. The U.S. Securities and Exchange Commission (SEC) has filed a complaint alleging that the company’s operation of its exchange and staking services may violate securities laws.

On March 22, the U.S. Securities and Exchange Commission (SEC) sued Tron founder Justin Sun for allegedly selling and distributing unregistered securities (airdrops), fraud and market manipulation.

Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry (formerly BitTorrent) will be sued for the sale of Tron (TRX) and BitTorrent (BTT), according to a press release. The SEC considers TRX and BTT to be unregistered securities.

Switzerland-based Crypto Finance AG, backed by Deutsche Börse, has partnered with financial services provider Apex Group to launch cryptocurrency investment products for institutional investors. I will provide a.

Bitcoin (BTC) is “cheap” in relative value in 2023, according to one on-chain indicator, despite its recent price rally.

Bitcoin’s NVT (Network Value to Transaction) is down 60%, even as the price rose 68% year-to-date. NVT is a ratio of the market capitalization of an asset to its network transfer volume.

With Bitcoin NFTs gaining popularity, NFT marketplace Magic Eden has launched a Bitcoin NFT marketplace.

Cryptocurrency exchange bitFlyer announced on March 22 that it plans to start handling “SHIB”.

Activity on Arbitrum, an Ethereum Layer 2 scaling system that uses Optimistic rollup technology to provide faster and cheaper transactions, is expected to hit the native token ARB on March 24th. is picking up the pace ahead of the airdrop.

The Near protocol is one of the new-generation blockchains alongside Cardano, Solana, and Polkadot to improve “scalability, decentralization and security tradeoffs.” Bank of America said in a research report released on March 23.

Terraform Labs co-founder Do Kwon has been arrested in Montenegro, the country’s Interior Minister Filip Adzic tweeted.

He has been the subject of multiple investigations and an Interpol arrangement in 2022 after the collapse of stablecoin TerraUSD (UST) and its $40 billion ecosystem shocked the cryptocurrency market. Also listed.

BLOCKSMITH & Co. announced on March 23 that it is planning and developing a quiz game app “QAQA (Kaka)” that will be the entrance to Web3. The company is a subsidiary that manages Web3-related businesses of KLab, which is known for its game business.

CoinBest, a crypto asset exchange, announced on March 24 that it has entered the IEO business and has signed a contract to implement the IEO of “DAR Token (Digital Asset Right Token)” issued by DART’s as the first step.

Game-focused blockchain Oasys announced on March 24 that it has entered into a partnership with crypto asset exchange operator SBI VC Trade. Oasys is a blockchain project specializing in games with the concept of “Blockchain for Games”.

A new trend is occurring after breaking above the 3.6 million yen pointed out last time. Currently, the stock is forming a small triangle, but theoretically, it will break out above the market, and the next target is around 3.95 million yen. The overall score is 4.0, unchanged from last time.

｜Text and editing: coindesk JAPAN editorial department
｜Image: Shutterstock