Welcome to another exciting weekly recap. The crypto community enjoyed some bullish news last week with several noteworthy integrations and potential upgrades.
Some good news for staked ETH holders, as there’s a possibility of them finally being able to withdraw their staked tokens. Also, ByBit looks to combine a DEX and CEX under one platform. This will be a game-changer, especially after the FTX issue.
In other news, the overall market was quite calm, with our beloved Bitcoin clinging to the $17k spot. The week’s biggest gainers were Axie Infinity, Stax, EOS, and Toncoin, among others.
Anyway, here are the major highlights from last week.
- Bybit integrates ApeX Pro, bringing the benefits of DEX
- Ethereum Devs plan to enable staked ETH withdrawals by March 2023
- ChatGPT will kill search and open a path to Web3
- Binance Proof-of-Reserves audit shows holdings are overcollateralized
Bybit integrates ApeX Pro, bringing the benefits of DEX
In a recent announcement, Bybit says it has added support for the decentralized exchange ApeX Pro. Bybit is expanding its product offerings with the addition of ApeX Pro, giving traders more options to leverage both DEX and CEX features on a single platform. Bybit users will now have instantaneous access to the ApeX decentralized protocol via their Bybit accounts, making this new service available right away. Read more about the integration.
Ethereum Devs plan to enable staked ETH withdrawals by March 2023
Ethereum’s core developers determined on a call Thursday that a network upgrade permitting users to withdraw staked ETH could launch as early as March of next year. Read more about the upgrade.
ChatGPT will kill search and open a path to Web3
It has been a long time since a software release has consumed the tech community as much as ChatGPT, the latest offering from OpenAI, the AI startup founded by Elon Musk. With its ability to immediately answer questions, the AI tool could end our dependence on Google and its advertising model and force companies to use NFTs to generate revenue. Read more about this.
Binance Proof-of-Reserves audit shows holdings are overcollateralized
On Wednesday, December 7th, Mazars, an international audit, tax, and advisory firm, published a report confirming that Binance holds more Bitcoin in its reserves than customer deposits.
Mazars said in the publication that “at the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total platform liabilities.”
Mazars’ audit confirms Binance’s report that collectively held 575,742 BTC in net customer deposits as of November 22nd. This figure accounts for all BTC assets held by Binance across other networks like Ethereum, BNB Chain, and BSC. Here’s all you need to know.
Other highlights worth mentioning
Bitcoin's lightning network could be getting a privacy upgrade - CoinDesk
Lawsuit Alleges Yuga Labs Conspired With Celebs Like Justin Bieber to Push Bored Ape NFTs - Decrypt