Binance launches crypto fragrance and Coachella companions with OpenSea

Welcome to fromcrypto Crypto, previously often known as Chain Response.

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Hey and welcome again to the fromcrypto Crypto e-newsletter.

To kick issues off, this is a shameless plug: Final week, I went to Yahoo Finance for a roundtable dialogue with Grayscale CEO Michael Sonnenshein, CoinDesk Indices CEO Andy Baehr, and Matt Kohrs, host of the cryptocentric Matt Kohrs Present.

We mentioned spot bitcoin ETFs, regulation of digital property, and what the subsequent period of cryptocurrencies would possibly appear to be. Watch right here.

It has been an eventful week within the crypto world: Bitcoin hit a brand new all-time excessive on Tuesday, Spain’s knowledge safety authority quickly banned Worldcoin, and Binance raised eyebrows after producing a crypto fragrance to rejoice Worldwide Ladies’s Day.

Curious? Study extra under.

This week on website 3

1. Bitcoin hit a brand new all-time excessive for the primary time since November 2021, surpassing $69,000
2. Binance has produced a crypto fragrance in a complicated try to woo ladies
3. Worldcoin has been quickly banned in Spain because of privateness issues
4. OpenSea’s partnership with Coachella is an indication that NFTs may be greater than profile footage
5. Binance Halts Naira Providers Amid Ongoing Regulatory Investigation In Nigeria

Tough numbers

As talked about earlier, this week the crypto house noticed Bitcoin hit all-time highs. However the granddaddy of cryptocurrencies has since fallen about 3%, from round $69,000 to $67,000, at press time. Nonetheless, Bitcoin is up 6.5% for the week and 56% for the month. The second-largest cryptocurrency, ether, gained 9.7% to $3,800 for the week, based on knowledge from CoinMarketCap. The entire cryptocurrency market capitalization grew by 7.7% to $2.53 trillion over the identical time interval.

Smaller tokens additionally made a number of features final week. Canine-themed memecoins on Solana have seen renewed curiosity after the hype grew in December. Bonk and dogwifhat are up 15% and 115% respectively for the week. Individually, Dogecoin and Shiba Inu rose by 19% and 125% in the identical time interval.

Which begs the query…who let the canines out?

Our favourite “Crypto Twitter” publish.

Pardon the language, however for those who did not understand how massive some memecoins are… possibly you’ll now. When this X publish was written, dogwifhat (WIF) had a market cap 3 times that of Spirit Airways.

For what it is value, it is fallen since then, however dogwifhat ( WIF ) has a market cap of $1.8 billion, nonetheless 213% increased than Spirit Airways.

Thanks for the photographs: IcedKnife on X (opens in a brand new window)

Newest sub

Chain Response prepares a month-to-month sequence delving into numerous subjects and subjects within the discipline of cryptocurrency. This month we give attention to the combination of blockchain and synthetic intelligence.

For this week’s episode, I interviewed Dee Goens, co-founder of Zora.

Zora is a platform and protocol that helps builders and creators convey their concepts to the chain and to Ethereum via an open and shared surroundings. The platform has mined greater than 1,000,000 NFTs and has greater than $300 million in secondary gross sales and about 1 million distinctive collectors, based on its web site.

Goens beforehand labored at Coinbase for two.5 years in danger administration, operations and model partnerships. He beforehand analyzed rising expertise dangers with a give attention to blockchains at KPMG.

Since we simply wrapped up our NFT sequence for February, Goens is the proper visitor to transition from this matter to AI and blockchains, given Zora’s give attention to bringing AI to the chain.

In a primary for Chain Response, we additionally created this podcast on the Zora platform, which you’ll be able to try right here.

Jacquelyn and Goens talk about how Zora envisions blockchain and AI working collectively, what roles they’ll play for NFT creators, and what platform builders and group members need extra of.

Describe Chain response on apple podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes and depart us a evaluation for those who like what you hear!

Comply with the cash

1. Zama’s homomorphic encryption expertise grossed $73 million at a valuation of almost $400 million
2. Taiko Raises $37M to Construct Web3 Infrastructure for Censorship-Free Web
3. Karma3 Labs raises $4.5 million to enhance belief in web3 via rankings and proposals
4. Utila has raised $11.5 million in a seed spherical for its enterprise crypto operations platform
5. Safety startup infra Firewall has raised $3.7 million to make sensible contracts mainstream

This record was compiled based mostly on info from Messari in addition to fromcrypto’s personal reporting.

What else are we writing?

Do you wish to department out from the world of web3? Listed here are just a few fromcrypto articles that caught our eye this week.

1. Elon Musk is suing OpenAI and Sam Altman for “betraying” the nonprofit’s AI mission
2. And… Twitter’s ex-CEO is suing Elon Musk
3. Roku will ban TVs and streaming units till customers comply with the brand new phrases
4. 2FA codes for the world’s tech giants spilled out of a leaky database
5. When your cap desk makes your startup uninvestable
6. The purpose is to launch its personal model of Amazon Prime beginning at $49 per 12 months