Weekly Crypto Digest: Blur Airdrop, NFT Market Recovery, BUSD Ban, and Macro Trends

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Macro Perspective

SEC Targets BUSD: What It Means for Crypto

The U.S. Securities and Exchange Commission (SEC) has ordered Paxos to halt issuing Binance’s stablecoin, BUSD, raising concerns over regulatory crackdowns on stablecoins. Key questions:

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Pantera Capital Report: The Seventh Crypto Bull Cycle

Blockchain promises transformative potential—but market hype often leads to extreme volatility. Pantera’s insights highlight lessons from past "crypto winters."

Web3 VC Trends in 2023

How does today’s fundraising landscape compare to the 2018 bear market? Founders need a survival framework for the current climate.


Emerging Opportunities

zkOmnichain: The Next Web3 Holy Grail?

While zkRollups dominate discussions, zkOmnichain—a zero-knowledge-proof-based interoperability protocol—could revolutionize cross-chain functionality.

Sui Testnet Guide: How to Participate

The Sui blockchain launches its mainnet soon. Here’s how to interact with the testnet for a chance to earn 2,000 SUI tokens.

Aptos Hackathon Winners

Aptos’ Seoul hackathon showcased 15 standout projects across DeFi, GameFi, and Move-language innovation.


Web3 Highlights

Blur Airdrop Sparks NFT Frenzy

The Blur token airdrop has reignited NFT trading, with its economic model and governance structure drawing comparisons to OpenSea.

Stablecoin Shakeup Post-BUSD

With BUSD sidelined, competitors like USDT and USDC are gaining market share.

Are ETH Staking Products Securities?

A deep dive argues that while Ethereum itself isn’t a security, certain staking services (e.g., Kraken’s offering) may qualify.


NFT Corner

Sudoswap’s SUDO Token in the Spotlight

After Blur’s airdrop, traders are eyeing SudoSwap’s governance token as the next opportunity.

Top 2022 NFT/Metaverse Fundraisers

Nine projects raised over $100M last year—here’s what they’re building in 2023.

Bitcoin NFT Infrastructure: What’s Next?

Ordinals Protocol sparked the first wave; now, developers await better wallet/marketplace tools to fuel a second.


Tech Deep Dives

Celo 2.0: Bridging Ethereum and Sui

Celo’s roadmap positions it as a PoS L1 EVM-compatible chain, aiming to merge Ethereum’s ecosystem with Sui’s scalability.

EIP-4844 and KZG Commitments

How Ethereum’s upgrade uses polynomial commitments to reduce rollup costs.


Key News

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FAQ

Q1: Can BUSD holders redeem tokens?
Yes, Paxos will support redemptions until February 2024.

Q2: Is Blur’s token model sustainable?
Its incentivized trading rewards could drive short-term volume but face long-term scrutiny.

Q3: How does zkOmnichain differ from bridges?
It enables native cross-chain composability without wrapped assets.

Q4: What’s Sui’s advantage over Aptos?
Sui’s object-centric design optimizes for parallel transactions.

Q5: Are Bitcoin NFTs here to stay?
Ordinals need better infrastructure to avoid being a fad.