Welcome to TechCrunch Crypto, formerly known as Chain Reaction.
Sign up here to receive TechCrunch's biggest and most important cryptocurrency stories delivered to your inbox every Thursday at 12pm PT .
Hello and welcome to the new and improved TechCrunch Crypto newsletter. This is our fifth edition, of course with regularly scheduled news, but also some recurring segments and articles; If you like (or don't like) what you see, let me know at jacquelyn@techcrunch.com.
This week roses are red, violets are blue, the cryptocurrency market is green, yes! If you follow me on X, you've definitely seen me write this, but if not, I'm sharing the love here too.
Anyway, let's dive in! Here's what you missed this week. US Bitcoin ETFs hit a one-month high, cryptocurrency wallet Phantom hit a new high in monthly active users, and cryptocurrency venture capital outflows declined in Q4 2023. Learn more below .
Programming Note: I'll be at OOO next week, so there will be no newsletter.
This week on web3
Cryptocurrency outflows remain low, but investors are not worried
Solana-Based DeFi Cryptocurrency and Airdrops Take Phantom User Base to New Heights
This gaming startup tries to prove that "AI + cryptocurrency" is not a trend
As Bitcoin Spot ETF Volumes Continue to Grow, Bitwise Asset Management Expects a High Bullish Top
Amazing numbers
The cryptocurrency market looks quite bullish this week, as the two largest cryptocurrencies by market cap, Bitcoin and Ether, are up almost 16.5% over the week, according to data from CoinMarketCap. The total value of cryptocurrencies increased by 14% in seven days to $1.96 trillion.
Earlier this week, Solana briefly became the fourth-largest cryptocurrency by market cap, surpassing the BNB token, which has since regained its position. Solana's market capitalization is about $3 billion less than BNB, and its price is up almost 11% in a week.
Our favorite posts on Crypto Twitter.
Calling out all the developers who don't have a date on Valentine's Day and tweeting about their zero knowledge... sadly, this is for you. For those of you who have a plan , maybe now is the time to fight back.
Image credit: X (opens in new window)
Latest cases
Chain Reaction creates a monthly series covering various cryptocurrency topics and issues. This month we will focus on NFTs.
For this week's episode, I interviewed Yat Xu, Co-Founder and CEO of Animoca Brands.
Yat co-founded Animoca in 2014 and has since invested in over 400 web3 projects across a variety of industries including DeFi, education, infrastructure, blockchain gaming, and the metaverse.
Animoca also has its NFT collections, blockchain products and games, such as the NFT-based web3 community Mocaverse, the blockchain game and NFT collection REVV Racing, and The Sandbox, a decentralized virtual world with over 40 million mobile installations: The company He has also collaborated with other famous brands and characters such as Disney, WWE, Power Rangers, The Walking Dead, Formula E and Snoop Dogg.
Yat and I discussed the importance of digital property rights, the growing NFT community, and what sets this project apart from others.
We also dive.
The Evolution of Intellectual Property NFTs
Create brand awareness
Asia includes web3 and NFT
A global race to adopt
Subscribe to Chain Reaction on Apple Podcasts, Spotify , or your favorite pod platform to stay up to date on the latest episodes, and leave us a review if you like what you hear.
follow the money
Commerce-Focused Livido Raises $12M from BlockTower and Tioga Capital
Fordefi has raised $10 million led by Electric Capital to launch Wallet as a Service.
Anzen has raised $4 million to provide access to real-world asset-backed returns
Mercure DAO raises $1.5 million for web3 incubator
Analog has raised $16 million in seed funding to build cross-chain infrastructure
This list is based on data from Messari and reports from TechCrunch.
What else should we write?
Do you want to leave the world of Web3 behind? Here are some articles that caught our attention this week at TechCrunch.
Bluesky and Mastodon users are fighting a battle that could shape the next generation of social media.
The Foundry Group will close and will not raise more funds
ChatGPT will now remember and forget what you say
Hackers reveal new victims of TheTruthSpy spies. Is your Android device at risk?
If you want to do marketing, your GTM slides must be excellent.