What Happened on Mar. 1st | Bitcoin Layer 2 is Hot

Stacks is a Bitcoin L2 for smart contracts. It has a separate ledger to store data outside Bitcoin L1, and developers can build any app on it. Whatever you can build on Ethereum, Solana, you can build on Stacks L2s.

The ecosystem of Stacks now includes:

Stackswap: The First Complete DEX on the Bitcoin Network

ALEX: another DEX with Launchpad and orderbook exchange

Zest Protocol: A lending protocol, enables Bitcoin liquidity providers to earn Bitcoin yield

Arkadiko Finance: a MakerDAO style stablecoin protocol on Stacks

Gamma: the biggest NFT marketplace on Stacks, you can now even see Ordinals at it

Biggest Gainers & Losers

Headlines

Visa Denies Reuters' Report, Insists on Further Partnerships with Crypto Companies: Cuy Sheffield, head of crypto at Visa, denied Reuters' report saying that Visa and Mastercard were pausing their plans to launch new partnerships with crypto firms. He said that Visa's view on crypto has not changed.

Ethereum Foundation Announces New Grants Round to Support Development Around Account Abstraction: Vitalik Buterin has been a vocal proponent about account abstraction. Account abstraction aims to simplify the UX in Web3 apps. It moves the complexities of custody, wallets, and blockchains to the background and replaces them with familiar UX.

Former FTX Engineering Director Nishad Singh Pleads Guilty to US Criminal Charges: Nishad Singh, former FTX Engineering Director, pleaded guilty to six US federal criminal charges on Tuesday, and agreed to cooperate with prosecutors' investigation into SBF.

Hot projects on the market

Illuvium will Launch New Game "Beyond" on March 7th

Conflux Raises $10M from DWF Labs

Solana-based DEX Phoenix Launches Beta on Mainnet

The Sandbox Acquires German Game Development Studio Sviper

Lido Community Starts Voting for Lido on Ethereum V2 Upgrade

Magic Eden and Polkastarter Gaming partner up to create a more inclusive gaming ecosystem

Chiliz Launches $50M Incubator Chiliz Labs

0x Labs Launches Tx Relay API on Ethereum and Polygon, with Robinhood Wallet as first partner

Other news in case you missed it:

Voyager Digital Received a One-Page Net Asset Value Statement From Three Arrows for Due Dillgence

Binance Labs Invests in Crypto Venture Fund Nomad Capital

Binance AI Product Bicasso Beta Is Now Live

Bitfinex Delists 10 Tokens Including $ALBT, $ANC, $IQ, $KAI