GM, Crypto Enthusiasts! We're back again. New format. Same great content.  

With regulation on the horizon and new competition coming to the markets, could we be witnessing the end of this crypto winter? (We certainly hope so!)Leading the headlines today, we have:

• 3AC founders are launching a new exchange - GTX

• Is Blur.io overtaking OpenSea?

• U.S. House of Representatives creates a crypto subcommittee

  GTX- “Because G comes after F” 

After hiding from the world (following 3AC’s fall from grace), it seems Su Zhu and Kyle Davies from 3AC & Coinflex have decided it’s time to get back out there.They’re pitching a new and improved crypto exchange to investors called GTX. Why?“Because ‘G’ comes after ‘F’”-according to their pitch decks. (Maybe it’s the trauma from college gen chem talking, but letters after “F” don’t sound inspiring.) 

Zhu and Davies's fundraising comes just months after the crypto giant FTX imploded. A fall that caused millions of users who stored money on the exchange to lose billions.GTX is offering FTX depositors to move their FTX claims to their new exchange, where they will receive immediate credits in a token called USDG. Those same pitch decks apparently show that Zhu and Davies are looking to raise $25M in a time frame labeled — “ASAP. ”

OpenSea vs. Blur.io

Is the new kid on the block taking over? 

OpenSea

rose to fame when the 2021 NFT market boomed seemingly overnight. That year alone, it saw a trading volume of more than $14B. 

But it seems OpenSea may have some competition. 

Blur.io launched in October of 2022. 

With both hands swinging. 

Blur.io had a highly successful airdrop initiative in mid-December that pushed their daily trading volume (ETH) above OpenSea’s. They have held the position ever since.

While NFTs may not be quite as popular as they were in 2021, they certainly aren’t dead, and more competition certainly correlates with better trading volumes. 

U.S. House of Representatives creates a crypto subcommittee

Thanks to all of 2022’s crypto shenanigans, Republicans in the U.S. House of Representatives have created a new congressional subcommittee on “Digital Assets, Financial Technology, and Inclusion” – simply put, a “crypto subcommittee.”Republican Congressman French Hill, who has led efforts for the U.S. CBDC, will lead the crypto subcommittee. What should we expect from this new subcommittee?The new governing body will advise federal regulators on crypto regulation and develop policies to promote and strengthen the industry. Maybe we’ll finally get an intermediator.

Today's meme is inspired by Bitcoin's recent rally.

(It's never the wrong time to start investing)

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That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team