Crypto YouTuber Lark Davis points to several significant events have been unfolding in the cryptocurrency space, and how big banks are entering the space.

Among these developments are MicroStrategy’s additional bitcoin purchase, the launch of the first zero-knowledge proof Ethereum virtual machines, MetaMask’s new sign-in feature, and the Nasdaq stock exchange’s plan to introduce crypto custody services.

MicroStrategy, a leading cryptocurrency intelligence firm, has acquired an additional $150 million worth of bitcoin, bringing its total holdings to $138,955. The firm recently paid off a $161 million loan from Silvergate Capital, and raised $339.4 million this year through its sales program, which was then invested in bitcoin.

The loan repayment allowed 34,619 Bitcoins to be returned to MicroStrategy.

Ethereum’s scaling network, Polygon, and ZK SYNC have launched the first zero-knowledge proof Ethereum virtual machines (ZK EVMs) in a bid to enable faster, cheaper, and decentralized transactions on the Ethereum mainnet. Polygon’s co-founder described ZK proofs as the “holy grail” of Ethereum network scaling.

MetaMask, a popular cryptocurrency wallet, has added a “sign-in with Ethereum” feature, allowing users to authenticate web services with their wallets in a more secure way using web3 technology. Developed in partnership with Spruce, this feature lets users review website names, session details, and security measures.

The Nasdaq stock exchange is planning to launch its crypto custody services by the end of June, initially offering bitcoin and ethereum storage. This move follows similar initiatives by firms like Fidelity and BlackRock. However, some speculate that this could be part of a broader effort to bring crypto under the control of major banks and financial pl

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Author: Adrian Zmudzinski

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