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Crypto Weekly Recap: Worldcoin’s New Orb

Exploring the Latest in Crypto: TechCrunch Crypto Highlights

Greetings, crypto enthusiasts! Welcome back to the second edition of the reinvigorated TechCrunch Crypto newsletter. As promised, we bring you not only our usual news snippets but also some exciting recurring segments and features. Your feedback is crucial, so don’t hesitate to share your thoughts at jacquelyn@techcrunch.com.

This Week in Web3: Unveiling Innovations and Strategies

In the dynamic world of web3, notable developments have taken center stage this week. Let’s delve into the key highlights.

1. Worldcoin’s Friendly Orb: A New Look for Eyeball Scanning Devices

Worldcoin is set to launch an innovative Orb, aiming to enhance the visual appeal of its eyeball scanning technology. Discover the details behind this endeavor and how it transforms the user experience.

2. 1RoundTable’s Long-Term Approach: New Growth-Stage Crypto Fund

Explore 1RoundTable’s strategic shift towards a ‘long-term, less volatile’ strategy with its latest growth-stage crypto fund. Learn how this approach sets them apart in the ever-evolving crypto landscape.

3. Venture Interest Resurgence: Can Recent Crypto Wins Spark New Enthusiasm?

The crypto market has seen significant victories lately. Find out whether these wins are enough to reignite venture interest in the crypto space, shaping the industry’s future trajectory.

4. Terraform Labs Faces Chapter 11: Unraveling the Implications

Terraform Labs takes a significant step as it files for Chapter 11 bankruptcy. Explore the details surrounding this decision and its potential impact on the crypto ecosystem.

5. Ripple’s Evolution: Insights from the President’s Perspective After 12 Years

After over a decade in the industry, Ripple’s president shares insights into the evolution of the company’s payment and enterprise businesses. Gain valuable perspectives on their future direction.

Crunching Numbers: A Market Overview

This week witnessed fluctuations in the crypto market, with the two largest cryptocurrencies, Bitcoin and Ether, experiencing drops of 7% and 13.5%, respectively, according to CoinMarketCap data. Surprisingly, the global crypto market cap remained relatively steady at around $1.55 trillion.

NFT World: Sales Volume and Trends

In the NFT realm, sales volume took a dip of 16.4% over a seven-day period, totaling $248 million. However, the community saw a surge of around 50% in both buyers and sellers, indicating a vibrant market. Explore the top three collections by sales volume: CryptoPunks at $19.33 million, CryptoUndeads at $12.36 million, and Ordinals at $8 million during the same period, as reported by CryptoSlam data.

Our Favorite ‘Crypto Twitter’ Post: Binance’s Legal Battle

Binance faced a legal showdown on Monday to dismiss the U.S. Securities and Exchange Commission’s June lawsuit. The court proceedings echoed Coinbase’s recent defense, but the judge wasn’t swayed. Fortune reporter Leo Schwartz highlighted the courtroom drama in a tweet.

> In today’s hearing for Binance’s motion to dismiss the SEC’s lawsuit, Binance’s lawyers are echoing Coinbase from last week that Howey needs a contract.
> This time, the judge is pushing back. “You’re being a little too cute,” she says, arguing its language is broader.
> — Leo Schwartz (@leomschwartz) January 22, 2024

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