Bitfinity Weekly: Next-Gen DEXs
Welcome to Issue #148 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.
What's in Today's Email?
- Bitcoin Bytes
- Global Crypto News
- In the IC
- This Week in our Blog
- Tweet of the Week
- Meme Time
- A Matter of Opinion
Bitcoin Bytes
The United States of Bitcoin: Texas Senators passed a bill on Thursday to create a strategic Bitcoin reserve. The SB 21 bill must still be approved by the House of Representatives and signed by the Governor in order to be effective. If passed, the state of Texas would manage an "investment fund focused on Bitcoin and other high marketcap currencies". The $2.6 trillion Texas economy is the 8th largest in the world, bigger than Russia, Canada, among others.
Can't Stop, Won't Stop: El Salvador's pro-Bitcoin President Nayib Bukele's actions are raising eyebrows as he seemingly defies the loan term agreements as laid out by the IMF (International Monetary Fund). On March 3rd, the IMF released a report that explicitly prohibits public accumulation of Bitcoin. Bukele tweeted, "No, it's not stopping", as the country purchased another Bitcoin, leading many to wonder what will happen with the $1.4B loan agreement between the two.
Like Magic: Pseudonymous dev lifofifo launched a website that facilitates non-custodial trading of inscriptions and Bitcoin. The service is peer-to-peer and atomic, eliminating the traditional risk associated with OTC (over-the-counter) deals between collectors, where trading parties must send their assets to unknown wallets on good faith. Swapping is free for Wizards of Ord holders. Non-holders pay a fixed fee of 25k sats.
Global Crypto News
Eating CRO: Cronos Labs introduced a proposal regarding a potential "Cronos Strategic Reserve" that caused significant community controversy. The team behind the Cronos blockchain, which is linked to the Crypto.com exchange, wants to reissue 70 billion CRO tokens that were burned in 2021. The tokens, estimated to be worth over $5.3 B today, would be sent to a staking wallet to be vested for 10 years. Early voting by active Cronos validators seems to be against the proposal, though the community worries about the team's influence on other validators.
Landslide: The Dantewada District of Chhattisgarh, India has digitized all land records dating back to the 1950s and stored them on the Avalanche blockchain. The digitized records will be part of the district government's move towards transparent and tamper-proof land governance. As part of the iniative, government kiosks have been installed in every sub-district for greater transparency and record accessibility to all citizens.
Bunk Mates: Sam Bankman-Fried, founder and disgraced CEO of failed crypto exchange FTX, gave an exclusive interview to Tucker Carlson on X. Bankman-Fried, who is serving 25 years in prison for his role in financial crimes connected to FTX's collapse, revealed to the bemusement of CT (Crypto Twitter) that he was sharing a cell block with Sean 'Diddy' Combs, an American rapper who is currently serving time for sex trafficking and racketeering.
In the IC
On the Road Again: What's on the road ahead for the Internet Computer? Watch this in-depth discussion about the updated ICP roadmap, with DFINITY's Vice President of Engineering and the Head of Research. The updated roadmap will deliver over 40 new features across ten strategic milestones, and include integrations with Solana and Dogecoin.
Boots on the Ground: Leading crypto exchange Binance is running a 4-week long Traders Boot Camp featuring ICP among other leading blockchain tokens. Participants will undertake a series of Stages that teach the basics of trading, with tasks for rewards and prizes in the BNB token.
Business Partners: Coinify, a financial processing service that allows businesses and users to use cryptocurrency payments, has recently added ICP to its offering. With this new listing businesses can accept ICP for services through Coinify and individuals can buy and trade ICP on the Coinify platform
This Week in our Blog
Decentralized exchanges are evolving to accomodate for better interoperability between L1s and their various L2s. Learn how next-gen swaps are made possible thanks to AI integration, hybrid architecture, and of course, Bitfinity.
Fred
Tweet of the Week
Trust every transaction with Bitfinity’s signature verification.🔏
— Bitfinity Network (@bitfinitynet) March 5, 2025
Here’s how the process works.🫳
Because security should never be an afterthought. pic.twitter.com/LXuNC5NJl1
Meme Time
A Matter of Opinion
Popular streamer and content creator Kaitlyn Siragusa, also known as Amouranth, faced a nightmarish scenario last Sunday, when three armed men broke into her Texas home to rob her of her crypto. Siragusa claims she was pistol-whipped and beaten as the would-be robbers demanded access to her holdings. She and her husband luckily managed to fend off the three men, shooting one in the process.
While a public figure like Siragusa is a target for financial crimes under ordinary circumstances, she made a critical error last November when she shared a screencap of her Coinbase account, showing $20 million worth of Bitcoin. Unlike cash or other physical valuables, crypto is lightweight, easily hidden and can be laundered quickly, making it especially attractive for criminals. While crypto is valued for reasons like ease of self-custody, those same traits also make it something of a double-edged sword.
The rising value of digital assets has correlated with an uptick in physical attacks on crypto holders all over the world. Public disclosures of owning crypto, even casual ones, can make individuals targets for robbery or extortion. Recent incidents reinforce this concern. Just this January, Ledger co-founder David Balland and his wife were kidnapped from their home in France, with assailants demanding access to his crypto assets, chopping off one of his fingers in the process. Other harrowing stories have surfaced this year, highlighting a trend of violent crypto-related crimes.
Siragusa’s experience, unresolved with the culprits still at large, serves as yet another cautionary example to this growing list of examples. Cryptocurrency holders must prioritize discretion and robust opsec measures—such as avoiding public displays of wealth and securing private keys offline—to mitigate risks.
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