Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore
The platform, now in public beta, allows groups of people to share non-fungible tokens (NFT) for expanded access and utility.Source
Avalanche’s New Subnet to Offer Blockchain Customization for Financial Institutions
The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.Source
Lido Stakers Can Expect Ether Withdrawals ‘No Sooner Than Early May’
Lido needs to prepare the launch of its V2 testnet and finalize for the completion of several ongoing security audits of its V2 upgrade, before enabling withdrawals.Source
U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money
The Treasury’s first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.Source
Stablecoin Tether’s Market Capitalization Nears Record High of $83B
Tether’s market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum’s rival Tron.Source
EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
The European Commission raises risks to privacy, openness, cybersecurity and equality in online virtual worldsSource
First Mover Americas: Bitcoin Buckles the Day Before U.S. Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for April 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country’s central bank digital currency pilot since it kicked off in December.Source
Bitcoin’s Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.Source
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The white paper proposes more tax reform, clearer accounting standards and a DAO law.Source