Coinbase L2 Announces Gives Markets a Jolt

Monday February 27, 2023

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TL;DR

Crypto Market Seemingly Reenergized As Coinbase Announces Its Layer 2 Base
Solana Fork Does Not Go As Expected As TPS Drops To Just Over 90
New Metaverse Themed ETF Announced By BlackRock
Nearly 100 Jobs Lost As Polygon Labs Confirms Workforce Layoffs
Bitcoi n Bitcoin (-3.6%) Finds Support at $22,500
Ethereum (-2.7%) Hovers Below $1,700 & 50-Day EMA

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

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TECHNICAL ANALYSIS

Bitcoin (-3.6%) Finds Support at $22,500

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Ethereum (-2.7%) Hovers Below $1,700 & 50-Day EMA

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CONTENT OF THE WEEK

5 Takeaways From Coinbase's 'Base' Layer 2 Chain Launch

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Oh Sh*t! The China Bitcoin Pump Narrative Ramps Up!

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I CANNOT BELIEVE THIS... This Is IMPOSSIBLE

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Coinbase L2 Announces Gives Markets a Jolt

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