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A lot of news happened in the wild world of Web3. Solana Mobile's new device has over 30,000 pre-orders, and Electric Capital's highly anticipated developer report showed good news and bad news for developers. Coinbase was taken to court and India faced yet another cryptocurrency woes. Please see below for details.
this week's web3
- Solana Mobile's second smartphone buying frenzy drives pre-orders soaring
- Coinbase files motion to dismiss SEC's 'securities violations' charges
- Number of monthly active crypto developers will decrease by 25% in 2023
- Google withdraws global crypto apps such as Binance from Indian store
- How far can Bitcoin ETF fees fall before it hurts the business?
process numbers
Trading volume for 11 issuers reached $11.95 billion in four days as the crypto industry takes hold with last week's Bitcoin ETF spot approval, according to a post on X by James Seifert, an ETF analyst at Bloomberg. His total assets were approximately $27.7 billion. Intelligence.
Before the U.S. Securities and Exchange Commission approved the Spot Bitcoin ETF, some experts told me they expected trading volume to reach $10 billion in a year. Year, not for a week. Therefore, it is safe to say that these numbers far exceed the previously anticipated demand.
Favorite Web3 posts about X
Franklin Templeton, a 77-year-old company with more than $1.4 trillion in assets under management, has a PFP with laser eyes (a nod to the Bitcoin community) and meme coins like Dogwifat. I am posting about. That would not have happened on the 2024 bingo card.
Not sure what you think about Laser Eye Ben? Think instead of Ben with a hat
— Franklin Templeton (@FTI_US) January 17, 2024
latest pod
In this week's episode, we interview Monica Long, president of Ripple, a blockchain-based digital payments network and protocol.
Ripple has been around since 2012 and is one of the oldest crypto entities. Monica has spent the past 10 years at Ripple, working her way up from Director of Communications to now President.
We spoke with Monica about growing her career, cross-border payments, traditional finance, and the need for regulatory clarity.
We also took a closer look at Ripple's lawsuit against the SEC, the XRP Ledger, 2024 focus, and advice for the community.
apply Chain reaction upon apple podcast, spotify Or catch up on the latest episodes using your favorite pod platform. If you like what you hear, please leave a review.
follow the money
- Inception Capital is closing its flagship $30 million fund of funds focused on emerging crypto managers.
- Staking technology provider Kiln raises $17 million in rare crypto funding round
- COTI launches $25 million ecosystem growth fund to focus on Ethereum privacy
- Cryptocurrency exchange WOO Network raises $9 million to boost liquidity
- Digital asset trading technology company Flowdesk raises $50 million in Series B round
This list was compiled using information from Messari and TechCrunch's own reporting.
what else are you writing?
Ready to step outside the world of Web3? Here are some TechCrunch articles that caught our attention this week.
- 10 years later, welcome to the unicorn club
- I spent the morning with Apple Vision Pro.
- The goal of a startup is to cease to exist
- Will startup valuations start to recover in 2024? Investors are unsure
- SEC intensifies pursuit of CISOs as hacking worsens