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Hello. Welcome to the new and improved TechCrunch Crypto newsletter. This is our 5th edition and includes a regular news schedule, as well as some regular segments and features. So if you like what you see (or don't), let us know at jacquelyn@techcrunch.com.
This week, roses were red, violets were blue, and the crypto market was green – for you.If you Follow me on Xyou may have already seen me post this, but if you haven't, I'm sharing the love here too.
Anyway, let's get started. Here's what you missed this week: US Spot Bitcoin ETF celebrates one month of existence, Phantom Cryptocurrency Wallet reached new heights in monthly active users last month, Cryptocurrency VC exits were soft in his 4th quarter of 2023. Please see below for details.
A note about the schedule: Next week is OOO, so there will be no newsletter.
this week's web3
- Cryptocurrency exits remain low, but investors remain unfazed
- Solana-based DeFi airdrop boosts crypto wallet Phantom’s user base to new heights
- This gaming startup is trying to show that 'AI + cryptography' is not a fad
- Bitwise Asset Management predicts high ceiling for growth as Spot Bitcoin ETF volume continues to rise
process numbers
The crypto market looked pretty bullish this week, with Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, both up about 16.5% this week, according to data from CoinMarketCap. The market capitalization of cryptocurrencies increased by 14% in seven days to $1.96 trillion.
Earlier this week, Solana briefly surpassed the BNB token to become the fourth-largest cryptocurrency by market capitalization, and has since regained that position. Solana's market capitalization is about $3 billion behind BNB, and its price has risen almost 11% this week.
Our Favorite “Crypto Twitter” Posts
Calling all the developers who didn't have a date on Valentine's Day and tweeting about your zero knowledge roll-up…unfortunately, this one is for you.To you did If you have a plan, it may be time to fight back.
Image credits: X (Opens in new window)
latest pod
Chain Reaction runs a monthly series that delves into various topics and themes in cryptocurrencies. This month we will focus on NFTs.
In this week's episode, we interview Yat Siu, Co-Founder and Executive Chairman of Animoca Brands.
Yat co-founded Animoca in 2014 and has since invested in over 400 Web3 projects across a wide range of sectors including DeFi, education, infrastructure, blockchain gaming, and the metaverse.
Animoca has its own NFT collections, blockchain products, including Mocaverse, a Web3 NFT-based community, REVV Racing, a blockchain game and NFT collection, and The Sandbox, a decentralized virtual world with over 40 million mobile installs. There are also games. The company has also worked with other well-known brands and talents, including Disney, WWE, Power Rangers, The Walking Dead, Formula E, and Snoop Dogg.
Yat and I discuss the importance of digital property rights, the growth of the NFT community, and what makes one project stand out from the rest.
We will also discuss the following in detail:
- Evolution of NFT IP
- Increase brand awareness
- Asia embraces Web3 and NFTs
- Global recruitment competition
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
- Trading-focused architect raises $12M in round led by BlockTower and Tioga Capital
- Fordefi raises $10 million to launch Wallet-as-a-Service in round led by Electric Capital
- Anzen raises $4M to provide access to yield backed by real-world assets
- Mercure DAO raises $1.5 million for Web3 incubator
- Anana raises $16 million in seed round to build cross-chain infrastructure
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.
- Bluesky and Mastodon users are in a battle that could shape the next generation of social media
- Foundry Group will close and will not raise new funding
- ChatGPT will remember and forget what you tell it to do.
- Hacker finds new TheTruthSpy stalkerware victim: Is your Android device compromised?
- If you're doing marketing, your GTM slides need to be great