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LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it.

Inflection AI raises $1.3B in funding led by Microsoft and NVIDIA

The company has raised $1.525 billion in funding since its inception last year.

AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins

ChatGPT and Bard can help you book fictional hotels and awful 29-hour flights, 3 bizarre uses for AI, and do crypto plugins actually work?

Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process

The motion to dismiss argues that even if all the allegations in the lawsuit are true, the plaintiff does not have a valid legal claim.

What is an atomic swap, and how does it work?

Exchange cryptocurrency securely on different blockchains using atomic swaps. It’s either a swap or a no-swap, ensuring crypto funds’ security.

Canadian committee proposes measures to support blockchain, crypto

The report which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors.

Italy’s central bank calls for framework to prevent stablecoin runs

Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.

Staked ETH surpasses 23 million in June — Nansen

Ethereum's staking ratio continues to rise since the network upgrade in April.

$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report

Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.

MicroStrategy buys $347M worth of Bitcoin amid market thaw

"DCA works," wrote Binance CEO in response to the purchase.

How smart people invest in dumb memecoins: 3-point plan for success

Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how.

Paxos and MercadoLibre partner up to bring USDP to Mexico

The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.

Voyager to pay $1.1 million in legal fees incurred in April

Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services.

EU finalizes controversial smart contract kill switch rules under Data Act

The Data Act was first proposed in early 2022 and passed by the European parliament on March 14.

Sony Network invests in Japanese Web3 startup to spur mass adoption

The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption.

Sui Foundation denies it sold locked staking rewards on Binance

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.

Worldcoin confirms it is the cause of mysterious Safe deployments

Twitter users noticed thousands of Safe deployments to Optimism, leading to speculation that it may be an attack, but the developer of Worldcoin confirmed that this activity was merely an app migration.

New Web3 ID app lets users find each other based on proven interests

Quivr allows users to connect multiple apps, including Spotify, Steam and Instagram, to generate behavior-based badges proving their interests.

Japanese and Singaporean regulators join forces on crypto pilot project

"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase.

Web3 firms are spending up to $25M on HK crypto licenses: Report

VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.

Mythical Games raises $37M for in-game marketplace in Series C round

The company expects to raise another $20-$30 million when the full round closes in the coming months.

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology.

100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing

The co-founders of ELOOP and peaq told Cointelegraph that tokenizing high-value assets, like a fleet of ride-sharing cars, will help bring Web3 into the mainstream.

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year.

Australian banks claim 40% of scams 'touch' crypto as it defends restrictions

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.

Optimism network transactions surged 67% following Bedrock upgrade — Nansen

The Optimism layer-2 network saw less than 300,000 transactions per day around the time of the upgrade, but this number increased to over 500,000 afterward.

Breaking down the ongoing token impersonation scams with DeFi execs

Tres Finance co-founder Tal Zackon warned businesses to not use explorers when tracking their finances.

zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year

zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.

Crypto travel rule implementation ‘remains relatively poor,’ says FATF

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

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