Top news from the world of #web3 (CW 03, 2023)

?? The broader cryptocurrency market has had an unexpected rally in 2023 so far and the streak of green shoots continue, with #BTC soaring past $2K, #ETH above $1.6K and #BNB above $300, this week, their highest levels since mid-September, and the cryptocurrency market cap recaptured $1 trillion.

??With the surge in prices, major crypto VCs are doubling down in 2023 despite the #FTX collapse.

?? National Australia Bank ( 澳洲国民银行 ) will become the second of the country’s major financial institutions to launch a stable coin, a top executive told The Australian Financial Review .

?? Genesis , one of the biggest cryptocurrency lenders, has filed for bankruptcy in the United States, in the latest blow to the sector following the arrest of Sam Bankman-Fried.

?? The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts.

?? 1 in 3 US Congress Members took #FTX Cash - A new analysis from CoinDesk reveals 196 lawmakers took cash from Sam Bankman-Fried or other senior executives at FTX. This report could have significant impact on the future of crypto legislation.

??? After the 2022 crypto crash, fewer crypto companies were featured on the #Davos Promenade at the World Economic Forum this year as the industry keeps spending in check.

???? Shagun Singh’s new project ‘#RiDiDa’ makes INR 100 crores in valuation, and becomes the next hit of the Web 3.0 billboard. His project RiDiDa is an all-new initiative by the entrepreneur, a multi-chain #NFT marketplace that offers valuable and exclusive global NFT collections from a variety of industries.

?? #FantaVerse UT is going live on cryptocurrency exchange Poloniex , making the first batch of WEB 3 #metaverse.

??? #MNFTM has announce the launch of its new premier Web3 NFT marketplace and platform for Black and ethnically diverse creators & collectors globally. With a vision to create a marketplace and community that thrives in diversity and brings light to creators from all backgrounds, it aims to revolutionise the #NFT space.?

?? NYX Professional Makeup has announced #GORJS, the world's first beauty decentralized autonomous organization ("#DAO") focused on fostering the development of the 3D artist community.

?? #HongKong based HashKey Capital has raised $500 Million for its thirs Crypto Fund. The asset manager has invested in popular projects like #Polkadot, and #1inch.

Every week, I post weekly updates on the topic, summarizing key events in the movement towards a more decentralized internet, sometimes referred to as "Web 3.0."

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