Weekly Update: 06 Apr 2023
1) Binance denies Changpeng Zhao ‘CZ’ faces Interpol Red Notice: spokesperson [The Block]
– Rumors have been floating around Crypto Twitter that Zhao was issued a Red Notice by Interpol.
2) Euler says all ‘recoverable funds’ stolen in $200M hack have been returned [CoinDesk]
– Culprit had already apologized and returned the stolen funds.
3) Arbitrum Foundation pledges new votes, no ‘near-term” ARB sales amid community revolt [CoinDesk]
– The backtracking will see Arbitrum hold a standalone vote on its 750 million token allocation.
4) El Salvador removes all taxes related to tech innovation for economic growth [Cointelegraph]
– Technology innovations such as software programming, coding, apps and AI development, will be exempted from taxes in El Salvador.
5) Former Gemini officials offer about 5% on treasury-backed tokens [Bloomberg]
– Tokens will derive returns from short-term US treasury bills and this product comes amid shaken confidence in cryptocurrencies.
6) OPNX Exchange, which offers FTX claims trading, led by Three Arrows Founders, is now live [CoinDesk]
– Users can get a 50% discount on trading fees if they hold FLEX tokens.
7) Tokenized gold surpasses $1B in market cap as physical asset nears all-time price high [CoinDesk]
– This type of stablecoin pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.
8) Japan Regulator flags 4 crypto exchanges including Bybit for operating without registration [CoinDesk]
– Bitget, BitForex and MEXC Global were also named in the Financial Services Agency’s warning letter.
9) Crypto startup Li.Fi raises $17.5M in funding round [CoinDesk]
– CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator.
10) Polychain leads $15M funding round for crypto startup Polyhedra Network [CoinDesk]
– The Web3 infrastructure provider has now raised money twice in 2023.
