To begin issues off, right here’s a shameless plug: I went on Yahoo Finance final week for a roundtable dialogue alongside Grayscale CEO Michael Sonnenshein, CoinDesk Indices managing director Andy Baehr, and Matt Kohrs, host of the crypto-centric Matt Kohrs present.
We mentioned spot bitcoin ETFs, regulation of digital belongings, and what the subsequent period for crypto may seem like. Watch right here.
It was an eventful week within the crypto world: bitcoin’s worth hit a brand new all-time excessive on Tuesday, Spain’s information safety authority briefly banned Worldcoin and Binance raised eyebrows after making a crypto fragrance to rejoice Worldwide Girls’s Day.
Curious? Try extra under.
This week in web3
- Bitcoin hits new all-time excessive passing $69,000 for the first time since November 2021
- Binance made a crypto fragrance in a baffling try to woo ladies
- Worldcoin hit with a momentary ban in Spain over privateness issues
- OpenSea’s partnership with Coachella is an indication that NFTs may be greater than profile footage
- Binance to halt naira providers amid ongoing regulatory probe in Nigeria
Crunching numbers
As talked about, this week the crypto house noticed all-time highs for bitcoin. However, the grandfather of cryptocurrencies has since fallen about 3%, from around $69,000 to $67,000, at the time of publication. Nonetheless, bitcoin is up 6.5% on the week and 56% on the month. The second-largest crypto, ether, is up 9.7% on the week to $3,800, in response to CoinMarketCap information. The whole crypto market cap elevated by 7.7% throughout the identical time frame to $2.53 trillion.
Smaller tokens have additionally gained lots of traction this previous week. Solana-based dog-themed meme coins noticed renewed curiosity after hype rose in December. Bonk and dogfight elevated 15% and 115%, respectively, on the week. Individually, Dogecoin and Shiba Inu, rose 19% and 125%, respectively, throughout the identical time interval.
Which begs the query…who let the canine out?
Our favourite ‘Crypto Twitter’ put up
Excuse the language, however, should you not notice how massive some meme coins turn out to be…possibly now you’ll. When this X put up was written, dogfight (WIF) had a market capitalization thrice the dimensions of Spirit Airways’.
For what it’s valued, it has declined since, however, dogwifhat (WIF) has a market capitalization of $1.8 billion, which remains to be 213% greater than Spirit Airways.
Picture Credit: IcedKnife on X (opens in a new window)
The newest pod
Chain Response is doing a month-to-month collection diving into completely different subjects and themes in crypto. This month we’re specializing in blockchain and AI integrations.
For this week’s episode, I interviewed Dee Goens, the co-founder of Zora.
Zora is a platform and protocol that helps builders and creators convey their concepts on chain and Ethereum in an open and shared atmosphere. The platform has minted more than a million NFTs, and has over $300 million in secondary gross sales and about 1 million distinctive collectors, in response to its website.
Goens beforehand labored at Coinbase for two. to 5 years doing threat administration, operations, and model partnerships. Earlier than that, he analyzed the rising applied sciences’ threat with a spotlight on blockchains at KPMG.
As we simply wrapped up our NFT collection for February, Goens is the right visitor to transition from that matter to AI and blockchains given Zora’s attention to bringing AI on-chain.
In a primary for Chain Response, we additionally minted this podcast on Zora’s platform, which you’ll be able to try right here.
Jacquelyn and Goens talk about how Zora envisions blockchains and AI working collectively, the roles they’ll play for NFT creators, and what the platform’s builders and neighborhood members need extra of.
Subscribe to Chain Response on Apple Podcasts, Spotify, or your favorite pod platform to keep up with the newest episodes, and please leave us an evaluation should you like what you hear!
Comply with the cash
- Zama’s homomorphic encryption tech lands it $73 million on a valuation of practically $400 million
- Taiko raises $37 million to construct web3 infrastructure for a censorship-free web
- Karma3 Labs raises $4.5 million to enhance belief in web3 with rankings and proposals
- Utila raised $11.5 million in a seed spherical for its enterprise-grade crypto operations platform
- Safety infra startup Firewall raised $3.7 million to make sensible contracts mainstream
This checklist was compiled with data from Messari in addition to KryptoCoinz’s reporting.
What else we’re writing
Need to department out from the world of web3? Listed below are some articles on KryptoCoinz that caught our consideration this week.
- Elon Musk sues OpenAI and Sam Altman over ‘betrayal’ of nonprofit AI mission
- And…Former Twitter CEO sues Elon Musk
- Roku disables TVs and streaming gadgets till customers consent to new phrases
- A leaky database spilled 2FA codes for the world’s tech giants
- When your cap desk makes your startup uninvestable
- Goal to launch its model of Amazon Prime, beginning at $49/12 months