Crypto VC exits were down in Q4 2023, Phantom MAU hits new high and spot Bitcoin ETF volume is still rising

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Hello and welcome to the new and improved TechCrunch Crypto newsletter. This is our fifth edition, of course, with regularly scheduled news bits, but also some recurring segments and features – so if you like what you see (or don’t), let me know here [email protected],

This week roses were red, violets were blue, crypto markets were green – all for you. if you follow me on xYou may have already seen me post thisBut if you don’t, I’m sharing the love here too.

Anyway, let’s get into it. Here’s what you missed this week: Spot Bitcoin ETFs in the US turned one month older, Fantom crypto wallets reached new highs for monthly active users last month and crypto VC exits were soft in Q4 2023. More below.

Scheduling note: I’ll be LLC next week, so there will be no newsletter.

This week in Web3

crunch the numbers

The crypto market was looking quite bullish this week as the two largest cryptocurrencies by market capitalization, Bitcoin and Ether, both gained about 16.5% during the week, according to CoinMarketCap. data, total crypto market cap It rose 14% over the seven-day period to $1.96 trillion.

Earlier this week, Solana also took over as the fourth-largest cryptocurrency by market capitalization, overtaking the BNB token, which has since regained the position. Solana’s market cap trails BNB by about $3 billion and its price is up about 11% over the week.

Our Favorite ‘Crypto Twitter’ Posts

Calling all the developers who didn’t have dates on Valentine’s Day and tweeting about them zero-knowledge roll up,This one Unfortunately, for you. For those of you who Did Make plans, maybe it’s time to fight back.

Screenshot of a post on X by Aubrey Strobel

Image Credit: x (Opens in a new window)

latest pod

Chain Reaction is doing a monthly series based on various topics and themes in crypto. This month we’re focusing on NFTs.

for this week episodeI interviewed Yat Siu, co-founder and executive chairman of Animoca Brands.

Yat co-founded Animoca in 2014 and has since invested in over 400 Web3 projects across a range of sectors such as DeFi, education, infrastructure, blockchain gaming, and the metaverse.

Animoca also has its own NFT collections, blockchain products and games, such as its Web3 NFT-based community Mokaverse, the blockchain game and NFT collection REVV Racing and The Sandbox, a decentralized virtual world with over 40 million mobile installs. The company has also worked with other famous brands and celebrities such as Disney, WWE, Power Rangers, The Walking Dead, Formula E and Snoop Dogg.

Yat and I discuss the importance of digital property rights, growing NFT communities, and what makes one project stand out from others.

We also dive into:

Evolution of IP of NFT
building brand familiarity
Asia is adopting Web3 and NFTs
global race for adoption

agree chain reaction But apple podcasts, spotify Or to keep up with the latest episodes on your favorite pod platform, and if you like what you hear please leave us a review!

follow the money

Trading-focused architect raises $12M led by Blocktower and Tioga Capital
FordFi raises $10M led by Electric Capital to launch Wallet-as-a-Service
Enzen raises $4M to provide access to yield backed by real-world assets
Mercure DAO raises $1.5 million for its Web3 incubator
Analog raises $16M in seed round to build cross-chain infrastructure

This list was compiled from information from Messari as well as TechCrunch's own reporting.

What else are we writing about

Do you want to step out into the world of Web3? Here are some articles on TechCrunch that caught our attention this week.

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