An OpenSea acquisition?
OpenSea’s CEO, Devin Pinzer, is open to the possibility of an acquisition for the NFT marketplace. While there are no current plans for OpenSea to be acquired, Pinzer remains open to the right partnership if it comes along.
Sui’s TVL milestone
Sui, a blockchain created by former members of Facebook’s Libra project, has achieved a significant milestone by entering the top 10 chains by Total Value Locked (TVL). The goal of Sui’s developers is to make sending money over the Internet as simple as sending an email.
Drift pauses RLB trading
Drift Protocol, a Solana-based futures exchange, temporarily paused market maker activity on the Rollbit (RLB) market due to an oracle malfunction. However, users’ funds are safe and no users or markets have been affected by this issue.
Farcaster’s Frames unleash NFTs and Doom
Farcaster, a Web3 social media service, introduced a new feature called Frames that allows developers to embed interactive experiences in their social network posts. This feature has already been used to mint NFTs, play Doom, and even watch Tenet frame-by-frame within a single cast.
Friday’s ETF flows
During the first full week of Bitcoin ETF trading, nine newly launched ETFs saw a modest net inflow of $14.8 million compared to outflows from Grayscale Bitcoin Trust (GBTC). BlackRock’s ETF also surpassed $2 billion in assets under management thanks to recent price gains in Bitcoin.
Hot Take: A Busy Saturday in Crypto
Even on a slow Saturday, the crypto world had plenty of news to offer. From potential acquisitions in the NFT market to blockchain milestones and innovative features like Farcaster’s Frames, the industry continues to evolve and surprise. The temporary pause in RLB trading on Drift Protocol reminds us of the importance of safety and security in decentralized finance. Meanwhile, Bitcoin ETFs are gaining traction with modest inflows and BlackRock’s impressive asset growth. The crypto space never rests, and there’s always something exciting happening.
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