TLDR CRYPTO 2023-05-02

BINANCE TO REENTER JAPAN VIA ACQUIRED REGULATED EXCHANGE SEBC

CRYPTO COMPANIES PLEAD WITH UK REGULATORS NOT TO FOLLOW THE US

LENS SOCIAL MEDIA PROTOCOL UNVEILS LAYER 3 SCALING SOLUTION

While all the rage lately has been L2s, the team behind Lens, a decentralized social media protocol, has started beta-testing Momoka, a Layer 3 scaling solution. The Ethereum ecosystem is shifting towards Layer 3 solutions, otherwise known as AppChains, to further scale the base chain. Lens' Momoka is an Optimistic Layer 3 data availability layer, helping to reduce on-chain storage requirements and costs. It processes Polygon transactions off-chain and stores them on a data availability layer. Scaling solutions like this are going to be necessary to onboard the masses to crypto, especially when web3 games and social media platforms begin to gain traction.

MOVING NFTS FROM POLYGON TO ZKEVM TO POLYGON

PROJECTS TO WATCH IN THE SUI ECOSYSTEM

THE KINGDOM OF BHUTAN HAS BEEN QUIETLY MINING BITCOIN FOR YEARS

Bhutan has apparently been utilizing its hydroelectricity reserves to power a state-owned Bitcoin mining operation. The project, which began a few years ago, remained undisclosed until recently. This comes to light as Bhutan has been in talks with Nasdaq-listed Bitdeer to build a 100 MW Bitcoin mining data center in the country and only a couple weeks after reports that the country’s alleged sovereign wealth fund had been investing in crypto. Bhutan's growing involvement in the crypto space has caused concern among international supporters, especially as it seemed to keep its involvement in the space under wraps.

MAINSTREAM ADOPTION

OVERNIGHT

SOTHEBY'S LAUNCHES ON-CHAIN SECONDARY NFT MARKETPLACE

MULTI-CONTRACT REENTRANCY LOCKS

OPEN QUESTIONS AND THOUGHTS AROUND SHARED SEQUENCERS