🦎🚀 Ghost of Tornado Cash's future... 🌪️

Monday, March 6, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Get ready for some project updates and more, fellow Geckos!

Crypto exchange Bybit has stopped USD deposits via bank transfers due to 'service outages' from their partner.

However, funds may still be wired out until the end of this week.

While Bybit claims that customer assets are SAFU, users are encouraged to withdraw their money as soon as possible to avoid service disruptions.

In today's news, PancakeSwap V3 is on the horizon, Tornado Cash rises from the dead, and Yuga Labs' latest NFTs are now up for auction.

Read on!

Breakdown of Crypto Funding by Sectors

Funding shifted from CeFi to DeFi last year. The amount raised by DeFi projects jumped 190% despite the decrease in overall funding, while CeFi raised 73% less.

Perhaps a sign of the industry progressing towards more on-chain participation?

Find out how much other sectors raised

24h Hot Searches Worldwide

Baby Doge Coin (-6.1%)
ZigZag (+13.3%)
Velodrome Finance (+16.4%)
Access Protocol (-12.7%)
Dogechain (+4.8%)
Radiant Capital (+13.2%)
Optimism (+1.9%)

Is history repeating itself? We compare Bitcoin cycles and how they've evolved over time. 👉

Tap here to watch!

A Fresh Stack of Pancakes

The most popular DEX on BNB Smart Chain, PancakeSwap, will be releasing the third version of its protocol in April.

According to their press release, the updated platform will feature more competitive fees and a better experience for liquidity providers.

To commemorate the launch of PancakeSwap V3, they will also be releasing an airdrop of their native token, CAKE, as well as a special NFT for early supporters.

Decrypt

The Sequel to Tornado Cash

The spirit of Tornado Cash lives on as developers on Ethereum have built the next evolution of the banned protocol, known as Privacy Pools.

Privacy Pools function similarly to Tornado Cash, but it allows its users to openly prove that their withdrawals are not associated with malicious entities.

A demo of the product is expected to be launched tomorrow, allowing users to transfer their assets anonymously.

Decrypt

Bidding With Bitcoin

The first Bitcoin NFT collection by Yuga Labs, known as TwelveFold, is now up for auction, Consisting of 300 pieces, only 288 NFTs will be available to the public.

The auction will run for 24 hours, with the highest bidders securing their NFT if their bid is submitted and confirmed before 3PM Pacific Time on March 6.

As of the time of writing, the highest bid is 2 BTC, or approximately $44,900.

The Block

There are a few crypto investing apps on the market right now, but almost none of them provide the types of features that eToro does. Price charts, stats, news, and more; plus, you get access to 40 of the world's most popular cryptocurrencies. For everything you need to invest in crypto, go eToro.

Discover why millions use eToro to invest in crypto. Join.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.