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Home»ADOPTION NEWS»Saturday Recap: Sui’s TVL milestones, OpenSea’s acquisition plans, Farcaster Frames fun, and more
ADOPTION NEWS

Saturday Recap: Sui’s TVL milestones, OpenSea’s acquisition plans, Farcaster Frames fun, and more

By Crypto FlexsJanuary 28, 20243 Mins Read
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Saturday Recap: Sui’s TVL milestones, OpenSea’s acquisition plans, Farcaster Frames fun, and more
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Even on a slow Saturday for cryptocurrency markets, there’s plenty to cover, including Sui’s new milestone, the Oracle malfunction, and seeing Tenet in a way Christopher Nolan clearly didn’t intend – watching it frame by frame within a Farcaster post. Here’s all the news you might have missed in the cryptocurrency world today.

OpenSea acquisition?

According to DL News, which interviewed NFT Markets Director Devin Pinzer, OpenSea’s CEO is open to seeing whether acquisitions, including acquisitions of its own, are a good fit for the company. Pinzer told the publication that OpenSea “has no plans to be acquired,” but that the company is still open to forming the right partnership.

Sui’s TVL Milestones

Sui, a blockchain launched less than a year ago by a former member of Facebook’s Libra project, has entered TVL’s top 10 chains, according to DefiLlama data. The co-founders of Mysten Labs, the developer of Sui, told The Block that their goal was to make sending money over the Internet as simple as sending an email.

RLB trading has been paused due to drift.

Following reports of an oracle malfunction affecting RLB trading on Solana-based futures exchange Drift Protocol, the protocol has paused market maker activity in the RLB market. Drift co-founder Cindy Leow assured X users that their funds were safe. “The funds are SAFU. We are closely monitoring the isolated RLB market for unusual activity. No users or markets are affected,” Leow wrote.

Farcaster’s frame brings NFTs and Doom.

Web3 social media service Farcaster on Friday launched Frames, a new feature that lets developers insert interactive experiences into social network posts, known as Casts. Developers have set to work creating frames for creating NFTs, playing Doom, and watching Tenet in ways Christopher Nolan never intended. All of this was done within a single cast.

Friday ETF Flows

On the last day of the first week of Bitcoin ETF trading, nine new ETFs recorded modest net inflows of $14.8 million compared to GBTC outflows, according to Bitmex Research. Bitcoin’s price rally recently pushed the assets under management of BlackRock’s ETFs past $2 billion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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