Crypto News Recap: Week of 11/13

Nov 20, 2023

Keeping up with crypto is a full-time job, so we’re trying something new where we deliver a full recap of everything that happened last week.

Follow our Protocol Specialist Jason Windawi (@jwindawi) to stay up to date on the latest.

💳 Wallets and Account Abstraction

Starknet is now offering session keys as part of its native account abstraction
Candide Wallet launches Abstraction Kit, an SDK for building 4337-compliant accounts on Safe
First EVM rollup proposal (”RIP”) posted, for moving 4337 account abstraction in-protocol

🪙 Tokens meet securities

Superstate completes series A round for tokenized “RWA” (ETF) platform
Ondo launches embedded bridge (powered by Axelar) for cross-chain transfers of RWA token USDY
BlackRock and Fidelity take steps to progress their respective spot Ethereum ETFs

🖥️ New in web3

EigenLayer releases more info about its Stage2 testnet for AVS operators and rollups, with dozens of ecosystem partners
Succinct goes live as a marketplace for zk proof and consumers/app devs
Coinbase launches OS merchant payment protocol for Ethereum, Polygon and Base
Disney launches Disney Pinnacle partnering with Dapper Labs for branded digital collectibles
Privacy-focused email provider Proton uses cryptography and private ledger

🚀 L2 announcements

Kinto, a KYC’d L2 for traditional financial institutions and DeFi, is building on OP Stack
Mode Network launches dev mainnet as Superchain/OP Stack chain, with sequencer fees to flow to both third-party builders & the OP Collective
Gaming project Lattice adds to MUD dev tooling to launch Redstone, an alt-DA layer on OP Stack
Shutter network completes grant-funded work to develop encrypted mempool for OP Stack
Crypto exchange OKX is building an L2 using Polygon CDK

🏦 Institutions

Commerzbank is awarded a digital assets custody license by the German government
Deutsche Börse announces partnership with Google Cloud to launch digital assets tokenization platform D7
Fnality secures funding round for B2B tokenized payments and settlement (paper)
HSBC moves repo (overnight lending in traditional credit markets) trading onto Broadridge’s DLR platform
Two new initiatives under the Singapore central bank’s (MAS) Project Guardian:
- Citi trials FX trade execution for USD/SGD trades on an Avalanche subnet w/ Fidelity and T. Rowe Price
- JP Morgan’s Onyx trials a new system for wealth management for building portfolios of funds (Apollo, Wisdom Tree) across multiple private chains (Onyx, Provenance, and Avalanche subnet) linked by bridges (Axelar, LayerZero) and with gasless/sponsored transactions (Biconomy)

Supercharged