💥 BTC's Two-Year High
In today’s edition: 🔍 DC policymakers on blockchain's data privacy benefits, 📅 CZ's sentencing postponed, 💰 DCG's Q4 revenue soar, 🚀 Spot Ethereum ETF bid, 🎮 Utility in gaming tokens, and more!
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In the two weeks since Farcaster introduced its Frames feature that allows developers to easily add mini apps to users’ posts, the decentralized social network has become the talk of Twitter, now X, and increased its user base by ten times, according to co-founder Dan Romero.
Romero joins Unchained to discuss why Frames has become so popular, the philosophy behind Farcaster and its client Warpcast, why the crypto component behind Farcaster is being kept to a minimum, how Apple’s new Vision Pro could lead to the creation of a 3D social network on Farcaster, how he and his fellow co-founder’s background at Coinbase helped shape their decisions about building Farcaster, and his vision for eventually getting Farcaster to a billion-plus users.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or watch it on YoutTube.
What’s Poppin’?
by Nelson Wang, Sam Sriram, Benjamin Powers, and Jeanhee Kim
Co-Chair of Congressional AI Caucus Raises Blockchain as a Way to Protect Data Privacy
The remarks came at a conference on Internet policy in Washington, D.C., on Monday with top policymakers in attendance.
Binance Founder CZ’s Criminal Sentencing Date Postponed to April: Report
US prosecutors have postponed the criminal sentencing hearing of Binance founder Changpeng Zhao to the end of April.
DCG Records $210 Million in Q4 Revenue
Digital Currency Group reported a 59% increase year-over-year in fourth quarter revenue, which came in at $210 million.
Franklin Templeton Latest to File With SEC for Spot Ethereum ETF
The filing on Monday makes the $1.5 trillion asset management firm the latest to apply for a spot ether (ETH) exchange-traded fund after the successful launch of spot bitcoin (BTC) ETFs in January.
Bitcoin Price Surpasses $50,000 as ETFs Continue Attracting Funds
Bitcoin surpassed the $50,000 mark on Monday for the first time since December 2021.
Opinion: Utility Gaming Tokens Are the Now and Future of NFTs
by Renz Chong
Non-fungible tokens (NFTs) cannot just be collectibles or status symbols anymore. The key to the longevity and relevance of the once-hot blockchain asset is utility.
Daily Bits…✍️✍️✍️
🐧 Pudgy Penguins NFT collection's floor prices are nearing those of the Bored Ape Yacht Club, driven by CEO Luca Netz's expansion of the brand's intellectual property.
🔍 The Blockchain Association voiced objections to U.S. Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act of 2023 in a letter to Congress, citing possible detrimental effects on the American cryptocurrency sector.
🛡️ SEC Chair Gary Gensler assured the House Financial Services Committee of the agency's commitment to cybersecurity, following the false social media post incident regarding spot bitcoin ETFs.
🔑 The Jito Foundation will delegate 12 million tokens to governance representatives from Coinbase Cloud and Solana Foundation, among others, for its Solana-based staking project.
🧑💻 A team of crypto developers introduced DN-404, an alternative to the ERC-404 token standard, aiming for a more efficient fusion of ERC-20 tokens and NFTs while reducing the impact on Ethereum transaction fees.
Today in Crypto Adoption...
💵 In Argentina, Tether and Circle's stablecoins dominate the market amid the country's economic crisis, with a significant portion of crypto purchases for USDT and USDC stablecoins.
🎮 South Korean gaming company Com2uS collaborated with Oasys blockchain to develop web3 games, planning to launch two Web3 games in Japan based on “globally recognized” intellectual property (IP) in 2024.
The $$$ Corner…
🌐 Blockchain interoperability project Analog secured $16 million in seed and strategic funding, led by Tribe Capital, achieving a $120 million fully diluted valuation.
💰 Peter Thiel's Founders Fund invested $200 million in Bitcoin and Ethereum before the market surge.
🤑 Exclusive to Unchained: Watches.io, a tracking and trading ecosystem for watches, raised $1.9 million in a pre-seed round led by Lemniscap and with participation from investors including Big Brain Holdings and Marin Ventures.
What Do You Meme?
Recommended Reads
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Justin Drake on shared sequencing
Unchained: 5 Use Cases of AI in Blockchain
📈 Your Market Update 📉
BTC is up 4.3%, trading at $49,908
ETH is up 7.7%, trading at $2,671
BTC dominance: 49.87%
Crypto market cap: $1.96T
*All data as of today, 06:45 am ET. Source: CoinGecko
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