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Ex-Meta Coders Raising $200M to Bring Back Diem
In an initiative called Aptos, a group of former Meta coders familiar with the Diem (formerly Libra) stablecoin project are raising capital to bring the Diem blockchain back to life. “The Hash” discusses where Diem stands in the current blockchain ecosystem and potential venture capital interest.

Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources
Aptos is eyeing a $2 billion valuation for its bid to bring the Diem blockchain into users’ hands, sources tell CoinDesk.

IG Model Yanna Reacts to Instagram's Algorithm Change, Facebook's Rebrand to Meta and How It Affects Her Business
Following her appearance on "New Money" with Spencer Dinwiddie and Solo Ceesay, Instagram model Yanna joins CoinDesk's "After Show" to catch up with Ceesay and answer viewer questions. She reacts to the recent change in Instagram's algorithm since Facebook's rebrand to Meta. Plus, she hints at her own fitness line and shares advice with viewers on launching their own brands. "Keep building and building ... things will work out."

What Is the Metaverse? An Animated Explanation
CoinDesk’s Christine Lee explains what the metaverse concept entails, going back to its roots in the 1992 sci-fi novel "Snow Crash" and what it means in the current tech and gaming ecosystems. Watch Christine’s animated avatar speak on Facebook's metaverse venture, potential sources of revenue for creators in virtual spaces and the role of NFTs.

Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch
The lender recently bought Meta’s stablecoin tech and assets.

First Mover Asia: Bitcoin Is Flat in Muted Trading; Ether Declines
The largest cryptocurrency by market capitalization declined before recovering ground later in the day.

The Sandbox Co-Founder Says Meta Acquisition Rumor Is 'Totally Fake'
Responding to swirling speculations Meta (formerly Facebook) is acquiring The Sandbox, co-founder and COO of the metaverse startup Sebastien Borget says "it's totally fake," adding, "I hope it will never be happening." Plus, his thoughts on what Meta is getting wrong about its metaverse plans and the wider race among tech giants to dominate metaverse technology.

First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings
Bitcoin and ether fell sharply after the company formerly known as Facebook said its virtual/augmented reality division lost $10 billion in 2021.
