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The company, based in Austin, Texas, says the new offering is the first bitcoin trust that takes advantage of Bitcoin’s multi-signature capability.

Aptos (APT) surged by 7.4% on Friday after Twitter CEO Elon Musk tweeted “AI APT OTT!” before deleting it one hour later.

The size and price range for the offering has yet to be determined.

The Uniswap DAO approved a governance proposal in favor of deploying Uniswap’s version 3 (or v3) decentralized exchange on Polygon zkEVM, a new ZK-Rollup solution compatible with the Ethereum ecosystem.

This move continues the expansion of popular Ethereum apps to the new wave of ZK-Rollups that have recently launched, suggesting that Ethereum is growing in its ability to offer its main features at scale.

The proposal was initiated by Polygon Labs, the core team behind the Polygon zkEVM and passed with over 42.4 million votes in support and nil against. This comes after Ethereum’s top lending protocol Aave had previously passed a governance proposal to release its v3 platform on Polygon zkEVM mainnet in a temperature-check phase.

Uniswap V3 is a decentralized exchange (DEX) protocol that enables users to swap tokens and is one of the most widely used decentralized finance (DeFi) applications within the Ethereum ecosystem. 

After the approved proposal is executed, Uniswap will be officially released on the zkEVM and will join nearly 50 other projects, including apps such as Lens, Aavegotchi, and Quickswap, that already exist on the network, as previously noted by Polygon.

The proposed deployment of Uniswap v3 on Polygon zkEVM will let users access the decentralized exchange from Polygon’s Layer 2 network. Notably, Uniswap v3 already exists on the Polygon sidechain, separate from its newly released zkEVM Layer 2 network.

Besides the Polygon sidechain, Uniswap v3 is also available on multiple EVM-compatible chains, including Ethereum, Celo, BNB Chain, and other Layer 2s networks such as Optimism and Arbitrum.

What is Polygon zkEVM?

Polygon zkEVM is a new zero-knowledge rollup that provides EVM equivalence, making it compatible with the existing Ethereum ecosystem and tooling. This allows developers to deploy existing Ethereum codebases with full equivalence.

As an Ethereum Layer 2 solution, Polygon zkEVM uses zero-knowledge proofs to inherit Ethereum’s core security. ZK-Rollups validate and finalize transaction computations off-chain, before the data is confirmed on Ethereum. This set up enables faster transaction processing and greater scalability for Ethereum.

Polygon zkEVM and ZkSync Era, two close competitors in the zkEVM niche, were both released last month.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance Futures announced it would close all positions for its USDⓈ-margined perpetual contracts for STEPN’s, Near Protocol’s and Avalanche’s native crypto assets.

The closure will follow an automatic settlement, which will occur on April 18 at 9 a.m. UTC, according to a statement. Additionally, Binance Futures is adjusting leverage and margin tiers for the same perpetual contracts by lowering them. The change will take place on April 14 at 3 p.m. UTC.

USDⓈ-margined futures on Binance Futures use Tether’s USDT and Binance USD (BUSD) as collateral and offer isolated or cross margin types. They are settled in dollar-pegged assets, making it easy for users to calculate fiat returns (as opposed to coin-margined contracts).

The exchange has advised users to close open positions before the delisting time to avoid automatic settlement. Furthermore, users cannot open new positions on the affected contracts from April 18 at 8:30 a.m. UTC.

Binance has been delisting amid regulatory scrutiny

Binance, the world’s biggest crypto exchange, has been somewhat aggressively delisting lately.

Two days ago, its U.S. arm announced it would remove Tron’s TRX and spell, which are closely associated with Justin Sun. Binance.US cited a periodic review — which includes an examination of volume, liquidity, risk profiles, fraud and unethical conduct — as its reason.

The U.S. Securities and Exchange Commission has issued a summons for Sun following last month’s civil complaint.

Binance itself is the subject of somewhat-intense regulatory scrutiny. After Binance had its financial services license canceled in Australia by the Australian Securities and Investments Commission, the regulator cited a slew of regulatory problems facing the exchange — including the U.S. Commodities Futures Trading Commission’s filing of a civil enforcement action in the U.S. District Court for the Northern District of Illinois.

The UK’s Financial Conduct Authority, Japan’s Financial Services Agency and the Monetary Authority of Singapore are also all looking hard at the exchange.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The directional change suggests an end to the quantitative tightening that roiled cryptocurrencies last year.

The exchange will be open to professional investors and the company is preparing to welcome retail users in “coming months.”

An Ethereum wallet linked to the DAO Maker exploit from 2021 has just come back to life.

An address associated with the platform’s exploiter sent $600,000 worth of stablecoins through Tornado Cash, according to security firm PeckShield. 

The exploiter’s wallet hadn’t been active for over 200 days.

DAO Maker, a crowd fundraising platform that has no connection to MakerDAO, was initially exploited in August 2021. A bug in the decentralized autonomous organization’s smart contract allowed the exploiter to take over $7 million of stablecoins. The funds were then spread out across several wallets.  

Another wallet associated with the exploiter moved $500,000 worth of DAI in September, again using Tornado Cash.  

The popular mixing service — used to obscure the details of transactions — was in the spotlight at the time, having been sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control.  

The sanctions mean all U.S.-based individuals and entities are prohibited from interacting with the app, given its potential for money laundering. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.