bitcoin
Bitcoin (BTC) $ 63,998.15
ethereum
Ethereum (ETH) $ 3,114.01
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 558.91
xrp
XRP (XRP) $ 0.491264
cardano
Cardano (ADA) $ 0.457077
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.707538
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.151773
okb
OKB (OKB) $ 55.13
polkadot
Polkadot (DOT) $ 6.71
shiba-inu
Shiba Inu (SHIB) $ 0.000022
tron
TRON (TRX) $ 0.111574
uniswap
Uniswap (UNI) $ 7.28
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 64,287.22
dai
Dai (DAI) $ 0.999012
litecoin
Litecoin (LTC) $ 78.13
staked-ether
Lido Staked Ether (STETH) $ 3,109.64
solana
Solana (SOL) $ 139.22
avalanche-2
Avalanche (AVAX) $ 35.76
chainlink
Chainlink (LINK) $ 13.78
cosmos
Cosmos Hub (ATOM) $ 8.14
the-open-network
Toncoin (TON) $ 6.80
ethereum-classic
Ethereum Classic (ETC) $ 26.33
leo-token
LEO Token (LEO) $ 5.83
filecoin
Filecoin (FIL) $ 5.93
bitcoin-cash
Bitcoin Cash (BCH) $ 506.81
monero
Monero (XMR) $ 121.23
Monday, April 15, 2024
bitcoin
Bitcoin (BTC) $ 63,998.15
ethereum
Ethereum (ETH) $ 3,114.01
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 558.91
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.491264
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.151773
cardano
Cardano (ADA) $ 0.457077
solana
Solana (SOL) $ 139.22
matic-network
Polygon (MATIC) $ 0.707538
polkadot
Polkadot (DOT) $ 6.71
tron
TRON (TRX) $ 0.111574
HomeNewsBitcoin jumped and Coinbase’s app crashed, whereas Aptos eyes Hong Kong and...

Bitcoin jumped and Coinbase’s app crashed, whereas Aptos eyes Hong Kong and Telegram rolls out rewards with TON

Welcome to cryptoteprise Crypto, previously generally known as Chain Response.

To get a roundup of cryptoteprise’s greatest and most essential crypto tales delivered to your inbox each Thursday at 12 p.m. PT, subscribe right here.

Hi there and welcome again to the cryptoteprise Crypto e-newsletter. I used to be out final week, so there was no e-newsletter, however we’re again to repeatedly scheduled information bits and a few contemporary recurring segments and options — so should you like what you see (or don’t), let me know at jacquelyn@techcrunch.com.

Right here’s what was the largest information this week: bitcoin’s value jumped over $60,000 and Coinbase’s app crashed, Telegram rolled out a plan to pay out rewards utilizing toncoin on the TON blockchain and Nigerian crypto customers confronted difficulties with some exchanges. Let’s get into it.

This week in web3

  1. Ex-Meta workers’ Aptos exams Hong Kong’s crypto urge for food
  2. Bitcoin’s so excessive, it crashed Coinbase
  3. Telegram is launching advert income sharing subsequent month utilizing toncoin
  4. Crypto customers in Nigeria briefly lose entry to Binance, Kraken and Coinbase
  5. Starbucks Odyssey’s group lead sees NFTs as one of the simplest ways to construct model loyalty

Crunching numbers

This week the crypto market was very overvalued as the 2 greatest cryptocurrencies by market capitalization, bitcoin and ether, each jumped about 23.6% and 18%, respectively, on the week, in accordance with CoinMarketCap knowledge. The full crypto market cap elevated 19.4% over a seven-day interval to $2.34 trillion.

The latest value bounce for bitcoin, coupled with the incoming bitcoin halving and spot bitcoin ETF approvals in early January boosting demand, has many crypto market gamers questioning if the grandfather of cryptocurrencies will hit a brand new all-time excessive quickly or if this rally is short-lived.

Our favourite ‘Crypto Twitter’ publish

ICYMI, final week a whole lot of crypto individuals have been tweeting about emails from Satoshi Nakamoto, the creator of Bitcoin. Satoshi mentioned a whole lot of attention-grabbing issues, however this publish on X by Tom Schmidt, accomplice at Dragonfly Capital, obtained a whole lot of consideration and even triggered some Bitcoiners to exit and purchase a pineapple and jalapeno pizza in honor of it. Which brings me to the query…would you eat that?

A screenshot of a post on X from Dragonfly Capital's Tom Schmidt

Picture Credit: Tom Schmidt on X(opens in a brand new window)

The most recent pod

Chain Response is doing a month-to-month collection diving into completely different matters and themes in crypto. This month we’re specializing in NFTs.


As a result of there was no e-newsletter final week, we’re highlighting final week’s episode, the place I interviewed Steve Kaczynski, co-author of the e book “The All the things Token,” and co-host of a web3 morning present, Espresso with Captain.

He additionally co-authored the primary Harvard Enterprise Evaluation article about NFTs. Exterior of that, he consults with companies and types about constructing their web3 methods, together with his function with Starbucks, the place he’s a group lead for its NFT-focused loyalty program, Starbucks Odyssey.

Earlier than stepping into the web3 world, Steve labored in communications and advertising and marketing roles for greater than 15 years.

Jacquelyn and Steve mentioned what obtained him all in favour of NFTs, how essential it’s to construct understanding for the sector and why communities matter greater than flooring costs.

Additionally they dove into:

  • Future adoption for Bored Ape Yacht Membership
  • Rising Starbucks’ NFT-based loyalty program
  • What companies and types have to learn about web3
  • The best way to get began within the NFT area

BONUS: For this week’s episode, we’re resharing a dialog I had in June 2023 with Jack Lu, CEO and co-founder of Magic Eden.

Once we recorded this episode, NFT gross sales have been down round $640 million originally of the month, in comparison with in the present day the place February 2024 NFT gross sales quantity hit $1 billion, for the primary time since February 2023.

Trying again on this dialog, we determined this episode was an incredible addition to the NFT collection so as to add some context for what a loopy yr it has been and the way a lot issues have modified (and a few issues stayed the identical) — particularly for individuals constructing within the NFT area.

Magic Eden initially started as a Solana-based NFT buying and selling platform, however has expanded its help to different blockchain networks like Polygon, Ethereum and Bitcoin. In June 2022, Magic Eden raised $130 million in a Collection B spherical that granted it unicorn standing.

We mentioned why the NFT market expanded its help to different blockchains, its BRC-20 token help and the way the corporate plans on staying aggressive within the consistently altering market.

We additionally talked about:

  • NFT market volatility
  • Royalty charges
  • Web3 gaming growth
  • Recommendation for NFT group

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please depart us a evaluate should you like what you hear!

Observe the cash

  1. Silence Laboratories, a cryptographic safety startup, secures $4.1 million in funding
  2. Initia raises $7.5 million seed spherical to simplify blockchain growth
  3. Uneven Monetary has a plan to unlock Bitcoin’s trillion-dollar potential with devoted DeFi fund
  4. Crypto pockets and alternate Backpack raised $17 million in strategic Collection A spherical
  5. Ethereum-based Etherfi raised $27 million in a spherical led by Bullish and CoinFund

This checklist was compiled with info from Messari in addition to cryptoteprise’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on cryptoteprise that caught our consideration this week.

  1. Why VCs are investing in startups that assist different startups shut down
  2. Don’t ignore Asia tech
  3. Mark Zuckerberg woos Massive Tech in Asia to double down on AI chips
  4. The Apple Automobile that by no means was: A timeline
  5. Tim Prepare dinner says Apple will ‘break new floor’ in GenAI this yr

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular