Monday February 27, 2023
Your Weekly Update On All Things Crypto
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TL;DR
MACRO NEWS
Crypto Market Seemingly Reenergized As Coinbase Announces Its Layer 2 Base...
Leading crypto exchange Coinbase has announced the testnet launch of a new Ethereum layer-2 network called Base. Optimism, another reputable Ethereum L2 blockchain, powers the L2 network, which will reportedly provide a safe, affordable, developer-friendly way for anyone, anywhere to successfully build dApps on chain

Solana Fork Does Not Go As Expected TPS Drops To Just Over 90...



Infrastructure operators on the Solana network rushed to repair the ailing blockchain on 25th February after a technical issue limited cryptocurrency trading capabilities, in addition to causing problems with transferring assets, or doing anything else on-chain

New Metaverse Themed ETF Announced By BlackRock...


Even though some institutional investors appear to have lost interest in the concept following its enormous popularity during the last bull run, investment giant BlackRock is nevertheless offering an ETF which shall reportedly focus on tech companies linked to the metaverse

Nearly 100 Jobs Lost As Polygon Labs Confirms Workforce Layoffs...


Polygon Labs has confirmed that it has cut around 100 jobs, or 20% of its workforce. The layoffs come as the crypto industry is still on its slow road to recovery following a tumultuous 2022.
INDUSTRY EVENTS
Bitcoin Energy Summit
March 26 - 27/2023
TECHNICAL ANALYSIS
Bitcoin (-3.6%) Finds Support at $22,500
Ethereum (-2.7%) Hovers Below $1,700 & 50-Day EMA
CONTENT OF THE WEEK
5 Takeaways From Coinbase's 'Base' Layer 2 Chain Launch
Oh Sh*t! The China Bitcoin Pump Narrative Ramps Up!
I CANNOT BELIEVE THIS... This Is IMPOSSIBLE
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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.