Even in the midst of a bear market, the crypto ecosystem continues to forge ahead, making strides in innovation and collaboration.

April 2023 was an exciting month for the crypto market as the Ethereum network was upgraded to enable staking withdrawals on April 12. Meanwhile, BTC and ETH reached yearly highs, gaining 2.7% and 2.6% on the month, respectively.

Although ordinals are a recent development, they have already amassed over one million inscriptions within a mere four months, even during a bear market.

April 12, 2023 marked a significant milestone for Ethereum (ETH), as the long-awaited Shanghai upgrade (“Shanghai”) was successfully implemented.

March proved to be a tumultuous month for the crypto industry, given the increasing collective scrutiny from regulators that many in the industry have dubbed ‘Operation Choke Point’.

The impact of the closure of these banks highlights a key difficulty of operating a business within or adjacent to the crypto ecosystem: the difficulty of finding reliable banking partners.

Governance is a crucial aspect of many blockchain-based applications, including Decentralized Finance (DeFi) protocols.

In this piece, we examine recent complaints by DoJ, CFTC, and SEC that appear to demonstrate the complexities brought by a digital asset that is simultaneously classified as both a commodity and a security.

Current regulatory interpretations of law can cause digital assets to simultaneously fall under multiple legal classifications by different federal agencies. This can potentially make it difficult to develop compliance and operational requirements for individual crypto assets – and may complicate which federal regulators have oversight of the asset.

The upcoming Shanghai hard fork (EIP-4895) on the Ethereum network, set for March 2023, aims to unlock a significant amount of staked Ethereum (“ETH”), which currently makes up more than 13% of the total supply of Ethereum.