Trump Media is reportedly in advanced talks to acquire cryptocurrency firm Bakkt in an all-stock deal, sending Bakkt's shares soaring by 163%. Despite its high valuation, Trump Media faces financial challenges but aims to expand into the competitive crypto market.

Binance clarified that BFUSD is not a stablecoin after concerns arose over its high yields and comparisons to Terraform Labs' failed TerraClassicUSD.

Coca-Cola’s AI-generated Christmas ad has sparked backlash for its lifeless and mechanical feel, drawing criticism from creative professionals. The use of AI in the ad raises concerns about replacing human talent in the creative process, with many viewers feeling disconnected from the content.

STEPN aims to set a Guinness World Records title by challenging users worldwide to complete a one-mile distance remotely within 24 hours, starting on 23 November. This event combines fitness with a record-breaking challenge for its global community.

A Brazilian pianist lost access to his Bitcoin wallet worth over 2 million reais after misplacing his recovery phrase. Despite efforts to recover it, he faces the harsh reality that without the backup phrase and PIN, the funds are likely gone for good.

Solana’s fee model is different from Ethereum’s, which is why most people on Crypto Twitter were confused at first. There are two categories of fees on Solana: storage fees and transaction fees.

What are cryptocurrency airdrops, and are they worth it? This guide explains how airdrops work, the potential benefits and risks, and how to find legitimate opportunities.

Polter, a DeFi app, was recently hit by a "classic" flash loan exploit, with Web3 experts citing price manipulation via oracles as the likely cause. The attack underscores vulnerabilities in how price feeds are managed in DeFi.

Trump, Crypto Market, Trump's victory triggered a Crypto investment boom with $2.2 billion pouring into the market. Golden Finance, the capital inflow into the digital asset market reached a peak of $3 billion.

In the 2024 US presidential election, cryptocurrency has become a key variable that will influence the election and reshape the political landscape.

1. Federal Reserve: Has terminated relevant enforcement actions against FTX-affiliated Farmington State Bank; 2. SEC delays decision on Invesco Galaxy Ethereum ETF; 3. The U.S. SEC voted to adopt rules to impose stricter supervision on traders in the cryptocurrency and DeFi fields; 4. The US Republican Party questioned the Secretary of the Treasury about regulatory loopholes in the spot encryption market; 5. MicroStrategy increased its holdings of 850 Bitcoins in January, and its holdings increased to 190,000 as of February 5; 6. The Ethereum Dencun upgrade will be activated on the Holesky test network today; 7. Enigma: Dymension resumes block production and the mainnet is online; 8. Stable currency and lending protocol HAI will airdrop the governance token KITE on February 12; 9. Grayscale GBTC had an outflow of US$73 million yesterday, with a net outflow of US$6.149 billion since January 11; 10. BlackRock updated IBIT position data: as of February 5, the number of Bitcoins held exceeded 75,000; 11. Analyst: In the long run, Coinbase stock price will benefit from Bitcoin spot ETF adoption; 12. Canadian asset management company Redwood dumped Purpose Bitcoin ETF and switched to BlackRock IBIT; 13. Encrypted payment solution Code completed a $6.5 million seed round of financing, led by M13 and USV; 14. Filecoin ecological liquidity staking protocol Glif completed a US$4.5 million seed round of financing; 15. Farcaster Lianchuang: Daily activity data has increased 10 times in the past two weeks; 16. The “decentralized Twitter” project Bluesky has been opened to the public.

Crypto payment solution Code has raised $6.5 million in seed funding, led by M13 and Union Square Ventures (USV). According to reports, Code has launched today and has developed an application to enable online micropayments. In addition, the team has launched a developer platform and is about to launch a new blogging tool that will allow anyone to get paid for writing. (Axios)

USV partner Fred Wilson wrote looking forward to 2024: The capital market is rising steadily, the Federal Reserve has adjusted interest rates to the level it currently wants, and inflation has fallen, which is likely to achieve a "soft landing", which is beneficial to the innovative economy. There is great potential for innovation in the field of AI. The era of AI application is coming, and open source AI models are emerging. We will see new AI-first applications emerge in 2024 that will begin to shift focus and discussion towards the stack; we will also see legacy applications adopting AI to improve product quality and keep pace with AI-first disruptors Competitiveness. New technologies bring legal action and regulatory scrutiny. 2023 will be the year that Web3 holds its ground, 2024 will be the year that regulators and lawmakers come to terms with Web3, and U.S. regulation finally becomes clearer. AI and Web3 are two sides of the same coin. AI will help make Web3 suitable for mainstream applications, and Web3 will help people trust AI. AI and Web3 will work together to promote a stronger, more resilient, more trustworthy, and fairer Internet. Fred Wilson also said that we should focus on the issue of global warming, promote energy transition, and build a decentralized, modular and programmable new energy system. Despite healthy capital markets, the venture capital ecosystem faces challenges, with investors cautious, many large companies downsizing, and new companies struggling to raise capital.

Venture capital firms Variant and USV polled portfolio companies in the hopes of identifying hiring and compensation trends in crypto. source: https://www.theblock.co/post/268852/new-crypto-hires-more-likely-to-receive-equity-than-tokens-reveals-variant-and-usv-survey?utm_source=cryptopanic&utm_medium=rss