Welcome to TechCrunch Crypto, formerly known as Chain Reaction. In addition to our regular news, I'll be testing out some recurring episodes and features, so let me know if you like (or don't like) what you see at jacquelyn@techcrunch.com.
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There's a lot that's new in the wild world of web3: new Solana mobile device gets more than 30,000 pre-orders, developer Electric Capital's long-awaited report reveals good and bad news for developers, Coinbase goes to court and takes India. . New challenges in the cryptocurrency space. More details below.
Online this week 3
The hype surrounding the second Solana phone led to a significant increase in pre-orders.
Coinbase Supports SEC Motion to Dismiss Charges of "Securities Law Violations."
In 2023, the number of monthly active cryptocurrency developers decreased by 25%
Google removes Binance and other international crypto apps from Indian store
How Low Can Bitcoin ETF Fees Fall Before It Hurts Trading?
Correct numbers
The crypto space saw a surge in spot Bitcoin ETF approvals last week, with trading volume among 11 issuers totaling $11.95 billion, reaching $27.7 billion in four days, according to a report by Bloomberg ETF- analyst James Seifert in X. Intelligence.
Before the SEC-approved spot Bitcoin ETFs, some experts told me they expected trading volumes to reach $10 billion per year , not per week. Therefore, we can say that these figures significantly exceed the expected demand.
Our favorite post about web3 on X
Franklin Templeton, 77, who manages more than $1.4 trillion in assets, has laser visioned PFP (a tribute to the Bitcoin community) and memcoins like Dogwifhat. I bet your 2024 bingo card wasn't there.
Last module
In this week's episode, I interview Monica Long, president of Ripple, a blockchain-based digital payment network and protocol.
Ripple has been around since 2012 and is one of the oldest cryptocurrency companies. Monica has worked at Ripple for the past 10 years, from director of communications to current president.
We talked about Monica's professional development, cross-border payments, traditional finance and the importance of regulatory transparency.
We will also take a closer look at the SEC, the XRP ledger, their goals for 2024, and the community's recommendations regarding the Ripple lawsuit.
Subscribe to Chain Reaction on Apple Podcasts, Spotify , or your favorite podcast platform to stay up to date on upcoming episodes, and leave us a review if you like what you hear!
keep an eye on the money
This includes a $30 million seed fund aimed at early-stage cryptocurrency money managers.
Betting technology provider Keel raises $17 million in rare cryptocurrency funding
COTI Launches $25 Million Ecosystem Development Fund to Focus on Privacy on Ethereum
Cryptocurrency exchange WOO Network raises $9 million to improve its financial capabilities
Digital asset trading technology company Flowdesk raises $50 million in Series B round
This list was compiled using data from Masari as well as TechCrunch's own reporting.
What else are we writing?
Want to go beyond the Web3 world? Here are some articles on TechCrunch that caught our attention this week:
Welcome back to the Unicorn Club, 10 years later
I spent the morning with Apple Vision Pro.
The purpose of a startup is to cease to exist.
Will initial prices start to recover in 2024? Investors aren't so sure
As hacking attacks worsen, the SEC will increase its criticism of CISOs.