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Hello. Welcome to the TechCrunch Crypto Newsletter.
This week, Starbucks ended its Odyssey NFT program launched in 2022, Solana continues its meme coin momentum, and India faces further challenges in the cryptocurrency space due to a government crackdown.
Please see below for details.
this week's web3
Cryptocurrency Exchange OKX Suspends Services in India Solana Leads New Round of Meme Coin Mania How Cryptocurrency Exchange Backpack Climbed its Path to Success After Major Investor FTX Passes Away Starbucks scraps Odyssey NFT program Blockchain technology could be the answer to uncovering deepfakes and verifying content
process numbers
Cryptocurrency market prices fell this week, but were still relatively strong compared to the previous month.
At the time of publication, Bitcoin was down 6.5% this week to $67,300 and was up 32% month-on-month. Ether, the second-largest cryptocurrency, fell 8.6% this week to $3,550, according to data from CoinMarketCap. The market capitalization of cryptocurrencies decreased by 6.3% during the same period to $2.55 trillion.
latest pod
Chain Reaction runs a monthly series that delves into various topics and themes in cryptocurrencies. This month we will focus on the integration of blockchain and AI.
In this week's episode, we interviewed Tegan Kline, CEO and co-founder of Edge & Node.
The company focuses on creating and supporting decentralized applications (dApps) and protocols. It was also the original team behind The Graph, an indexing and query protocol aimed at organizing open blockchain data and making open data a public good, or what some have dubbed the Google of Web3 .
Teagan started her career in investment banking and moved on to work as an executive VP in the blockchain-powered and AI-analyzed patent market. This began her career in Web3, data and AI solutions. Before co-founding Edge & Node, Tegan worked as an international business development manager for Orchid, her VPN backed by a16z and Sequoia VC.
This episode is part of Chain Reaction's monthly series that explores various topics and themes in cryptocurrencies. This month we will focus on the integration of blockchain and AI.
Tegan and I talk about The Graph Network, data indexing, widespread use cases on the internet, and its New Era Roadmap announced in November 2023.
It also explains:
Graph Implementing AI Solutions What dApps Bring to AI in the Long Term Why AI Doesn't Care About Cryptocurrency Making the Career Leap to Web3
Subscribe to Chain Reaction on Apple Podcasts, Spotify, or your favorite pod platform for the latest episodes. If you like what you hear, please leave us a review.
follow the money
Ex-Grindr exec and couple launch Rails with $6.2M round, Avalanche Foundation announces $1M liquidity mining incentive program as decentralized FTX alternative, Memecoin Rush Morph seeds EVM layer 2 mantra Mantra raises $20 million in investments and angel investments, Mantra raises $11 million Ago raises $2.5 million to expand real-world asset tokenization in the MENA region and make DeFi more accessible through an all-in-one platform We have procured
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.
Reddit sets IPO price at a high of $34 per share NBCUniversal's Peacock will let you watch 4 live streams at once ahead of 2024 Paris Olympics Astera Labs IPO puts investors in AI After raising $1.3 billion, Inflexion is being eaten alive by its company The largest investor, a late-stage venture capitalist from Microsoft, has announced that its startup will be in business in 2024. This may be preventing the company from going public in 2020.
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