📉Digital Asset Markets Erase Mid-Week Gains

GM Defiers!

Happy Friday! The crypto markets reversed the remainder of Tuesday's gains, with Bitcoin tumbling 4.6% and ETH slumping 3.7%. The downturn suggests investors have quickly turned bearish despite the U.S. court system delivering a blow to the SEC's crusade against crypto earlier this week.

Swift, the interbank payments network, published its findings from a CBDC pilot program using Chainlink to transfer tokenized assets between it and an Ethereum testnet. The news follows a recent cross-border CBDC pilot from the Bank of International Settlements on an Ethereum testnet, signaling increasing adoption among global economic institutions.

Plus, the foundation behind Starknet, an emerging Ethereum L2, announced a deal with crypto wallet provider, Argent, to launch a web3 venture studio. Argent's CEO told The Defiant that the newly-formed Hito Studios will assist emerging web3 startups to ship products and secure funding.

✍️ In today’s newsletter:

• Weekly gains erased by Thursday's crypto crash
• Swift leverages Chainlink and Ethereum for tokenization pilot
• Starknet and Argent team up on web3 incubator

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