Core Weekly: A roundup of the latest developments in the Core Chain ecosystem
Hello Coretoshis!
Welcome to the latest edition of Core Weekly, your go-to source for all things BTCfi & Core. In this issue, we're diving into some of the most exciting and impactful developments in the Core Chain ecosystem . Let's get started!
Core Chain Highlights
Native Bitcoin staking sees tremendous growth as over 1300 BTC ($90M+) has now been staked on Core Chain signalling trust and adoption of the most Bitcoin aligned chain.
It’s Gaming season! Love to build games? Registrations are now open to Game developers, indie studios to bring their games to life in the Core DAO’s Gaming Summer Jam. Find out about the exciting opportunities awaiting here.
Core Ignition has improved the tier multipliers with sparks, Badges and interacting with dApps. Boost your rewards up to 5x daily and climb the tiers, learn more here.
Bitcoin Pizza Day, Core community is celebrating Bitcoin Pizza Day with the entire Bitcoin community. Join the Galxe campaign!
Bitcoin Summer Series on Galxe. This special event commemorates the anniversary of the first real-world Bitcoin transaction, where 10,000 BTC were exchanged for two pizzas. Core DAO invites you to celebrate this milestone in crypto history with a series of exciting activities, rewards, and events that showcase our commitment to Bitcoin’s ethos and innovation.
UTXO management, an organization known for its expertise in the Bitcoin Ecosystem and Kiln, a leading enterprise-grade staking platform, enabling institutional customers to stake assets have both joined Core Chain as staking validators to support the network in its Bitcoin Aligned mission.
The Core Indian $5M Innovation Fund launched a few weeks ago to support innovative blockchain projects in the region has started taking applications. Are you building a web3 project in India, apply to the fund for funding support.
Initial Core Contributor, Rich Rines was interviewed by the popular Youtuber Channel, BoxMining where they talked about the vision of CoreChain, Unlocking Billions in trapped liquidity with Bitcoin Staking and the ongoing Core Ignition Airdrop program, catch up here.
Valour Inc, a subsidiary of DeFi Technologies Inc. partnered with Core Foundation and launched the world’s first yield-bearing Bitcoin ETP (Exchange Traded Products), this allows investors to earn yield returns on their Bitcoin ETP holdings, exposing CORE to a new range of institutional investors.
The Ambassador Program has gotten a new upgrade, it is now categorized into three dynamic tiers to suit different categories of enthusiasts: Student Ambassadors, Technical Ambassadors and Community Ambassadors. Are you a supporter of Core, come help us spread the vision. Apply here.
Connect with the team as Core Chain contributors will be at Consensus 2024, Austin.
Core is bringing its flagship event, BITCOIN SOCIAL to Consensus in Austin on Friday, May 31st from 10 am to 2 pm at PHC in the Omni Hotel ATX. RSVP here. Please join us for coffee, breakfast and all things Bitcoin! Core Foundation is also hosting Bitcoin Side Events globally through BITCOIN SOCIAL Join us here.
The community is also hosting a BBQ Party on Thursday 30th, at 7.30pm in DownTown Austin: Sign up to be on the guest list here
Scaling Bitcoin
Developers believe “programmability” will drive Bitcoin to new heights: After the introduction of Bitcoin ETFs and the recent "halving," many developers believe that introducing programmability to Bitcoin could be what pushes it forward in the future. Currently, Bitcoin functions much like digital gold, and the Bitcoin community has typically preferred holding it for the long-term. Still, through "Layer 2" networks, Ordinals, and BRC-20 tokens, there has been a new wave of development aimed at enabling more complex functionalities on Bitcoin's framework. If you've read our most recent whitepaper, you know that unlocking the gargantuan value of Bitcoin-backed DeFi is one of the main use cases of the Core Chain, so this is a narrative all coretoshis should be watching with interest!
More twists and turns in the Craig Wright lawsuit: On May 20, 2024, UK Justice James Mellor ruled against Craig Wright in the COPA vs. Craig Wright case, stating that Wright had fabricated evidence and lied extensively in his claims of being Satoshi Nakamoto. Mellor criticized Wright's evidence as circumstantial, questionable, or outright forged, including significant forgeries produced to mislead the court. The judgment dismissed Wright’s assertions as a serious abuse of court processes, highlighting that even Wright's own sister's testimony did not support his claims. This landmark decision was hailed by the Cryptocurrency Open Patent Alliance (COPA) as a victory for truth and the open-source community, ensuring that developers can continue to work on the Bitcoin network without fear of litigation. The ruling represents a collective effort by the open-source community, emphasizing the importance of integrity and honesty in maintaining the credibility of the cryptocurrency ecosystem.
Bitcoin ETF shatters records: In less than three months, Blackrock's Ishares Bitcoin Trust (IBIT) has attracted an unprecedented 414 institutional holders, setting a new record for spot bitcoin exchange-traded funds (ETFs) as per filings with the U.S. Securities and Exchange Commission (SEC). This "mind-boggling" uptake far surpasses other recent ETFs, as it’s rare for even 20 holders to show up for new ETFs. Among the leading institutional investors, Millennium Management LLC stands out with shares valued at approximately $844 million. As of May 16, IBIT's assets included 276,190 BTC, worth over $18 billion, demonstrating significant market trust and daily inflows.
New Dapps on Core Chain
Footprint Analytics, a data platform blending web2 and web3 data with abstractions, is the first Core Chain data provider.
Bonsai3, a no-code token creator that allows to create and deploy token smart contracts without coding, is live on Core Chain.
AKKA, an AI-powered liquidity aggregator, has launched recently on Core Chain.
Symbiosis, a decentralized exchange that enhances blockchain interoperability, enabling straightforward trading across different networks has launched on Core Chain.
Zoth, an ecosystem that bridges decentralized finance (DeFi) with real-world assets, (RWAs) is live on Core Chain.
Gamic, a social platform for gamers, communities and music fans with an in-built web3 wallet that allows users to manage their assets recently launched on Core Chain
World of Dypians, an open-world & metaverse adventure game, live on Core Chain is available for download on the Epic games store
Bit Reserve, a Bitcoin yield-bearing protocol powered by Core Chain went live recently.
COREx, a native decentralize trading platform on CoreChain that combines the synergy of AI & social trading to deliver the best DEX trading experience
Defi Builders, a no-code dapp builder that allows anyone to build dapps without technical knowledge. It allows you to easily generate, compile, audit and deploy various types of smart contracts through the power of Artificial Intelligence
Looking to Build your next dApp in Web3?
Core Chain is the best ecosystem to deploy on at the moment. It’s EVM compatible and there are lots of resources available to get you started. Check out coredao.org for more information.
Stay tuned for more updates and insights into the world of Web3 development.
Happy coding!