This week, we dive into the world of Blockchain to explore the latest trends and developments. From the newest regulations to cutting-edge projects, get ready to stay up to date.
Technology
Central bankers lay out digital currency cyber threat
https://www.reuters.com/business/finance/central-bankers-lay-out-digital-currency-cyber-threat-2023-07-07/
Binance market share takes regulatory hit, its US affiliate shrinks
https://www.reuters.com/technology/binance-market-share-takes-regulatory-hit-its-us-affiliate-shrinks-2023-07-05/
Nasdaq refiles BlackRock’s bitcoin ETF application with SEC
https://www.reuters.com/technology/nasdaq-refiles-blackrocks-bitcoin-etf-application-with-sec-2023-07-03/
AI Can Now Move Bitcoin With New Lightning Labs Tools
https://finance.yahoo.com/news/ai-now-move-bitcoin-lightning-193102863.html
A Fraction of its Former Highs, What’s Next for DeFi?
https://finance.yahoo.com/news/fraction-former-highs-whats-next-110102831.html
Multichain Bridges Exploited for Nearly $130M Across Fantom, Moonriver and Dogechain
https://finance.yahoo.com/news/multichain-bridges-experience-unannounced-outflows-203541897.html
Pendle Attracts Over $125M In TVL With ‘Discounted Assets’
https://finance.yahoo.com/news/pendle-attracts-over-125m-tvl-060147526.html
Ethereum-Based Yield Powerhouse Pendle Finance Expands to BNB Chain
https://finance.yahoo.com/news/ethereum-based-yield-powerhouse-pendle-123921808.html
BRC-69 Token Standard Promises To Reduce Ordinals Fees By 90%
https://finance.yahoo.com/news/brc-69-token-standard-promises-184555253.html
Crypto
Crypto exchange Binance hit by executive exodus
https://www.reuters.com/technology/binances-chief-strategy-officer-patrick-hillman-quits-tweet-2023-07-06/
Crypto firm Gemini sues DCG after conflict over unit’s restructuring deal
https://www.reuters.com/legal/crypto-firm-gemini-sues-genesis-owner-dcg-2023-07-07
UK financial services minister urges caution over central bank digital currency
https://www.reuters.com/world/uk/uk-financial-services-minister-urges-caution-over-central-bank-digital-currency-2023-07-04/
South Korea, Singapore, Thailand clarify crypto rules as U.S. in state of regulatory ‘warfare’
https://finance.yahoo.com/news/south-korea-singapore-thailand-clarify-000030807.html
Bitcoin Spot ETF Will Open Door to New Investors: Volatility Shares Co-Founder
https://finance.yahoo.com/news/bitcoin-spot-etf-open-door-142719820.html
Emerging Crypto Projects of 2023: The Top 10 Coins Worth Your Attention
https://finance.yahoo.com/news/emerging-crypto-projects-2023-top-040459624.html
More than $120 million of a crypto firm’s assets were moved to an unknown address – weeks after its CEO disappeared, report says
https://finance.yahoo.com/news/more-120-million-crypto-firms-153339996.html
Crypto is ‘digitizing gold’ and bitcoin has the power to ‘revolutionize’ finance, BlackRock CEO says
https://finance.yahoo.com/news/crypto-digitizing-gold-bitcoin-power-095752646.html
Bitcoin Could Rally to $125K by End-2024: Matrixport
https://finance.yahoo.com/news/bitcoin-could-rally-125k-end-075501045.html
Crypto Gains More Than Double Traditional Assets’ in First Half of 2023
https://finance.yahoo.com/news/crypto-gains-more-double-traditional-152154774.html
NFT
Is Justin Bieber’s Ape Really Worth $59,000? The Nuances of Valuing NFTs
https://finance.yahoo.com/news/justin-bieber-ape-really-worth-233032048.html
The Broke Ape Yacht Crash: Lessons for Justin Bieber and Other NFT Collectors
https://finance.yahoo.com/news/broke-ape-yacht-crash-lessons-190134920.html
Steve McQueen Fuels Verified Labs’ Motorcycle-Themed NFTs
https://nftplazas.com/steve-mcqueen-nfts/
NFT Market Turmoil – Over 1.2K OG Assets See Liquidation
https://nftplazas.com/nft-market-liquidation/
PeckShield Highlights Swift Turnaround in the Stolen NFTs Market
https://nftplazas.com/peckshield-highlights-swift-turnaround-in-the-stolen-nfts-market/
NFT Gaming Ushers in a Changing of the Guard as PFPs Struggle
https://nftplazas.com/nft-gaming-ushers-in-a-changing-of-the-guard-as-pfps-struggle/
What the Thriving Skins’ Market Means for NFT Gaming Assets
https://nftplazas.com/skins-nft-gaming-assets/
Cardano ‘ghost chain’ outperforms top blockchains in NFT market
https://forkast.news/cardano-ghost-chain-outperforms-top-blockchains-nft-market/
Airchains to record land ownership with NFTs for Indian city
https://forkast.news/headlines/airchains-nft-land-ownership-india/
Hollywood Legend Steve McQueen Honored as ‘King of Cool’ in New NFT Collection
https://www.coindesk.com/web3/2023/07/05/hollywood-legend-steve-mcqueen-honored-as-king-of-cool-in-new-nft-collection/
Metaverse
Upcoming Dior ‘B33 Sneakers’ Range Kickstarts Metaverse Initiative
https://nftplazas.com/dior-b33-sneakers/
EU Metaverse Strategy Set to Examine Privacy, Competition and Rights
https://www.coindesk.com/policy/2023/07/06/eu-metaverse-strategy-set-to-examine-privacy-competition-and-rights/
EU’s Leaked Metaverse Strategy Proposes Regulatory Sandbox, New Global Governance
https://www.coindesk.com/policy/2023/07/06/eus-leaked-metaverse-strategy-proposes-regulatory-sandbox-new-global-governance/
Metaverse has set off no alarms or need for controls yet: EU antitrust chief Margrethe Vestager
https://economictimes.indiatimes.com/tech/technology/metaverse-has-set-off-no-alarms-or-need-for-controls-yet-eu-antitrust-chief-margrethe-vestager/articleshow/101548585.cms
PNB launches its virtual branch in the Metaverse
https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-launches-its-virtual-branch-in-the-metaverse/articleshow/101546784.cms
Cyber Crimes
Poly Network Attacker Issues ‘Worthless’ Billions in SHIB, BNB, BUSD in Latest Crypto Hack
https://finance.yahoo.com/news/poly-network-attacker-issues-worthless-072203316.html
Ethereum Developers Propose ‘Circuit Breaker’ To Deter Hackers
https://finance.yahoo.com/news/ethereum-developers-propose-circuit-breaker-035532537.html
Chinese Spyware Discovered on Google Play Store
https://www.infosecurity-magazine.com/news/chinese-spyware-google-play-store/
US and Canadian Authorities Warn of Increased Truebot Activity
https://www.infosecurity-magazine.com/news/us-canadian-truebot-activity/
Suspicious Email Reports Up a Third as NCSC Hails Active Defense
https://www.infosecurity-magazine.com/news/suspicious-email-reports-up-a/
Web3 News
Headlines of the Week:
- Bitcoin hits 13-month high (Reuters)
- USDC Issuer Circle Launches Programmable Web3 Wallet (YahooFinance)
- Historic Coin Mint Explores New Horizons with ‘Babel’ NFT Exhibit
(NFTPlazas) - Sweat Economy Races in with Free ‘Sweat Hero’ NFT Game! (NFTPlazas)
- Japanese gaming firm Sega backs out of blockchain: Bloomberg (Forkast)
- You Can Now Buy NFTs on Twitter Through Inspect’s Browser Extension
(CoinDesk) - Collectors Are Bored of Apes and Don’t Want to Pay Royalties (CoinDesk)
This Week in the Market: (CoinMarketcap)
- The global crypto market cap is $1.18T, a 0.01% Increase over the last Day
- Bitcoin is at $30,258.89 and is Down 0.86% over the last 7 days
- Ethereum is at $1,866.67 and is Down 2.70% over the last 7 days
- BNB is at $234.75 and is Down 4.37% over the last 7 days
Key Dates/Events
- 14 July – 15 July – NFT Show Europe
- 07 September – 08 September – BlackSeaChain
- 11 September – 13 September – Permissionless 2023
Accounts to Follow
This week we have PlanB (@100trillionUSD), PlanB, an anonymous account, is credited for creating and making popular Bitcoin’s stock-to-flow economic model.
They are a major advocate for using Bitcoin’s supply and demand elasticity to project future market value.
