Crypto Weekly Roundup: Ethereum Dencun, Market Dumps, & More

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After weeks of Bitcoin dominating the crypto news, Ethereum has chalked up another significant milestone - the launch of its much-awaited Dencun upgrade, which went live on March 13. Let’s take a look at some other noteworthy events that took place in the industry in the last week. 

Bitcoin 

After a week or so of grinding upward, Bitcoin suddenly fell back to earth with a 9% dump. Is this the beginning of a larger correction?

A UK court has ruled that Australian computer scientist Craig Wright, who claims to have invented Bitcoin, is not Satoshi Nakamoto and did not author the Bitcoin whitepaper. 

VanEck has announced the removal of all spot Bitcoin exchange-traded fund trading fees until March 31, 2025.

Ethereum

As a leading cryptocurrency exchange, Bitrue has committed to providing its users with a seamless and secure experience throughout the Dencun upgrade.

Ethereum’s highly anticipated Dencun upgrade went live on the mainnet on Wednesday at 9:55 AM ET, at the beginning of epoch 269568, for those following on-chain. 

Ethereum co-founder Vitalik Buterin has proposed a hard fork strategy to protect the Ethereum Network from quantum computing threats.

DeFi

MakerDAO founder Rune Christensen has announced on the project’s official governance forum that the first phase of Endgame will launch in the Summer of 2024. 

Altcoins

Long looked down upon by Bitcoin maxis and even by many who back a lot of the altcoins, memecoins are having their time in the sun.

After Bitcoin's recent surge, let’s analyze market trends around the next viral meme coin for investor success. 

According to Tesla Motors founder Elon Musk, the electric car company might officially accept Dogecoin as a payment method for buying Tesla cars in the future. 

Technology

Popular cryptocurrency wallet MetaMask is testing the first entirely on-chain payment card running on the Mastercard payment network. 

Business

The Avalanche Foundation has announced the acquisition of five meme (community) coins native to the Avalanche blockchain network. 

Cryptocurrency exchange Coinbase has announced plans to raise $1 billion through a convertible debt offering, following in the footsteps of Michael Saylor’s MicroStrategy. 

Smart contract platform Monad Labs aims to secure a record-breaking $200 million funding round led by Paradigm, marking a significant milestone in cryptocurrency investment.

NFT

Solana-based NFT platform Tensor has announced the launch of its new token, TNSR, which will allow token holders to govern the protocol. 

Web3

Rapper French Montana has made history with his latest drop—a previously unreleased song that has been inscribed on Bitcoin via the Ordinals protocol.

Web3 data infrastructure provider Syntropy announced an additional capital funding round for an undisclosed sum.

AI-powered decentralized data warehouse Space and Time announced a strategic collaboration with Matter Labs to build a ZK Stack hyperchain and integrate its zero-knowledge technology with zkSync. 

Security

Infamous North Korean Hacking Group Lazarus has resumed using Tornado Cash, using the mixing service to launder $12 million worth of ETH. 

Regulation

Democratic senators Reed and Butler stirred up trouble within the crypto community by urging the SEC to cease approval of crypto-based ETFs.

The Dutch Central Bank of Netherlands has slapped a $3 million fine on Crypto.com over allegations that it breached registration laws. 

El Salvador has announced that it is removing income tax on investments from abroad and money transfers to attract international investment. 

The SEC has ordered First Trust Advisors and SkyBridge Captial to declare its Bitcoin ETF application abandoned. 

The Arbitrum DAO has removed a proposal that sought to fund the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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