apweb3 / Adrian - DeFi & Web3 Trends is on Nostr

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Last Notes

2023-02-25 07:19:30

My week in Web3 and the 4 most important news you must have heard this week. 🔥
𝗢𝗽𝗲𝗻𝘀𝗲𝗮, 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻, 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗮𝗻𝗱 𝗖𝗵𝗶𝗻𝗮
1️⃣ 💻 𝗢𝗽𝗲𝗻𝘀𝗲𝗮 𝗴𝗶𝘃𝗲𝘀 𝘂𝗽 𝗳𝗲𝗲𝘀
Opensea, the largest NFT marketplace, has capitulated and given up fees (temporarily) on platform: both for OpenSea and for creator royalties.
▶️ 𝗡𝗲𝘂𝘁𝗿𝗮𝗹! NFT royalties, long hailed as a massive benefit for creators from using Web3, are now all but gone. While great for traders, creators now can’t rely on NFT royalties and will likely reconsider the benefits of launching on Web3 (specifically artists).
2️⃣ 📈 𝗨𝗦 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀 𝘀𝗰𝗿𝘂𝘁𝗶𝗻𝗶𝘇𝗲 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀
Regulators in the US are turning their attention to stablecoins, particularly Paxos Standard (PAX) and Binance USD (BUSD). Concerns have been raised about their regulation, transparency, and potential systemic risk to the financial system. This scrutiny could have potential implications on the broader crypto market and the role stablecoins play in it.
▶️ 𝗕𝗲𝗮𝗿𝗶𝘀𝗵! Regulators have appeared to be searching out an inroad against Binance, and this could be their best foot forward. Binance and Binance US have both fallen under the ire of other regulators for various alleged concerns ranging from money laundering to tax evasion to sanctions evasion to the improper offering of crypto derivatives to US citizens.
What is known, however, is that (at least for now) US regulators have not taken direct actions against USDC, USDT, TUSD, USDP, GUSD, or any other centralized stablecoin provider! They also appear to be ignoring DAI, FRAX, and other (less noteworthy) decentralized stablecoins.
3️⃣ 🤯 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝘀 𝗟𝟮
Coinbase has announced the launch of its own Layer-2 solution, "Base," which is built on the OP-Stack of Optimism. This exciting development promises faster and more efficient transactions, making it a game-changer for the crypto industry. Not only will Base host Coinbase's on-chain products, but it will also be open to other projects, making it a permissionless network for all.
▶️ 𝗕𝗲𝗮𝗿𝗶𝘀𝗵! The SEC is targeting Binance heavily. How long can they resist and what will come up next?
4️⃣ 👀 𝗖𝗵𝗶𝗻𝗮 𝗶𝗻𝗷𝗲𝗰𝘁𝘀 𝗹𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗶𝗻𝘁𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘆𝘀𝘁𝗲𝗺
China recently injected liquidity into its financial system in an attempt to stabilize its economy amidst concerns about its economic growth.
▶️ 𝗕𝘂𝗹𝗹𝗶𝘀𝗵! This injection could have potential implications on the global economy and the broader crypto market.
🔴 That's all the news we have for today. Did you miss anything in this episode? Tell me your opinion on the different topics in the news.
Stay tuned for more updates on the world of #DeFi Digital Assets and #Web3 ! 🤓
#autaqy # #busd #sec #blur #polygon #china

2023-02-03 00:28:43

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Btc is the biggest Investment nonetheless. There is no second best 😉

2023-02-03 00:26:02

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I am balls deep into DeFi. Don’t know whether I want so much responsibility 😀

2023-02-03 00:14:31

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Thank you, will try both and recommend the easiest to use to family and friends 🫡

2023-02-03 00:06:57

What Bitcoin lightning wallet could you guys recommend?