Whole Lotta Red 🔻

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This week, the market is seeing a Whole Lotta Red. Bitcoin nears $40k 📉, Terraform Labs files for bankruptcy 🪦, X Payments hype train has left the station 🚆, and Soulja Boy asked ‘em ⁉️ Keep on scrolling for all the top headlines 🖤

• Terraform Labs files for Chapter 11 Bankruptcy in the U.S. (RT)

• Cryptocurrency owners blew past half billion in 2023 (@WatcherGuru)

• X officially launched an @XPayments account (CT)

• Dogecoin and Floki see bullish activity following X’s P2P Payments speculation (CD)

• Tether buys $380M of BTC (MR)

• Crypto markets takes a 3% dive this past week

• Kiln secures $17M from 1kx and Crypto.com for crypto staking technology (TC)

• Root Protocol secures $10M in funding (CP)

• Zbyte closes $4M round from Cartography Capital and Quarterback Financial to improve web3 in India (BW)

• Binance Labs finishes 2023 with 25 investments (CPOT)

• Multicoin Capital writes on 2024 outlook for web3, crypto, and AI (BN)

• How web3 startups can have an amazing 2024 comeback (TC)

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• Donald Trump will not allow for any Central Bank Digital Currency if elected (@BitcoinMagazine)

• Opensea exec on NFT insider trading (M)

• Manta network hit by DDOS attack day after token issuance (M)

• Crypto crime drops to $24B in 2023 (MR)

• Socket hit by $3.3M exploit (ST)

• Fear Of Missing Out messaging and misleading code lead to 32k scams and $32M stolen in 9 months (CT)

• Franklin Templeton CEO became bullish on Bitcoin after realization of government asset confiscation

• SEC delays spot ETH ETF (FXS)

• Whale who sold the top buys $8.9M ETH (BC)

• ETH staking hits new high at 29M ETH locked (MB)

• Ronin Gaming makes massive upgrade to support Ethereum, Polygon, and BNB Chain (DT)

• Arbitrum launches program supporting custom chain development (M)

• FTX sold nearly $1B of Grayscale BTC ETF in liquidation process (CD)

• Bitcoin hashrate drops 35% (D)

• A crypto Tinder has been launched called ‘Chinder’, to discover cryptocurrencies (BLOCK)

• Forbes jumps into the web3 scene with Connect Wallet (CTIO)

• The Bitcoin ETFs caused many to become re-interested in crypto, including Soulja Boy

• How AI can help the web3 industry (FM)

• How not your keys not your coins could be a disaster (BW)

• Can reach crack the code on web3 social media (M)

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