Saturday recap: Sui's TVL milestone, OpenSea's acquisition plans, Farcaster Frames fun, and more

Quick Take

  • Today in crypto news: Sui enters the top 10 chains by TVL as OpenSea’s CEO hints that the company feels open-minded about an acquisition. Plus, developers bring Doom, Pokémon, and more to Farcaster’s new frames feature. 
  • Here’s all the news you may have missed from a quiet Saturday in the world of crypto. 

Even a slow Saturday in crypto has plenty to cover, including a new milestone for Sui, an oracle malfunction, and watching Tenet the way Christopher Nolan definitely didn't intend: frame-by-frame, within a Farcaster post. Here's all the news you may have missed from today in crypto. 

An OpenSea acquisition?

OpenSea's CEO is open to seeing whether an acquisition makes sense for the company — including getting acquired itself — according to DL News, which spoke with the NFT marketplace's chief, Devin Pinzer. Pinzer told the publication that OpenSea has "no plans to be acquired," but remains open towards taking the right partnership if it should come along. 

Sui's TVL milestone

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

Drift pauses RLB trading


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Following reports of an oracle malfunction affecting Rollbit (RLB) trading on Solana-based futures exchange Drift Protocol, the protocol paused market maker activity on the RLB market. Drift's co-founder, Cindy Leow, assured X users that their funds are safe. "Funds are SAFU. We are closely monitoring the isolated RLB markets for unusual activity. No users or markets are affected," Leow wrote. 

Farcaster's Frames unleash NFTs and Doom

Web3 social media service Farcaster launched Frames on Friday, a new feature that lets developers embed interactive experiences in the social networks posts, known as Casts. Developers got right to work creating Frames to mint NFTs, play Doom, and watch Tenet the way Christopher Nolan definitely didn't intend, all within a single cast. 

Friday's ETF flows

On the final day of the first full week of Bitcoin ETF trading, the nine newborn ETFs saw a modest net inflow of $14.8 million when compared to the GBTC outflows, according to Bitmex Research. Bitcoin's price gains recently pushed BlackRock's ETF over the $2 billion mark of assets under management. 

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

About Author

Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].