Recent advancements in zero-energy storage technology could pave the way for blockchains to live forever, preserving data for millions of years without any power.
Imagine a future where the Bitcoin white paper is stored in an indestructible format, surviving even if humanity doesn’t! This tech includes methods like DNA storage and Ceramic Nano Memory, capable of keeping information intact indefinitely.
While it might sound like sci-fi, it’s a real possibility that could ensure our digital ledgers remain safe and sound for eons. 🌍
Buckle up, shoppers! 🌈 The future of loyalty programs is getting a major upgrade with a splash of Web3 magic, courtesy of the innovative minds at Polygon Labs, Google Cloud, and Accenture.
Dive into their latest study, "The Future of Loyalty Programs with Web3," which unveils how brands can revamp their rewards schemes to focus more on what you truly value—amazing experiences and seamless security.
With blockchain technology, your loyalty rewards are not only safeguarded against fraud but also become more engaging and valuable across different platforms. Ready to join a loyalty program that’s as smart as it is rewarding? Let’s make shopping exciting again! 💳
Curious about more details? Check out our Case Study! 🧾
Just when we thought Bitcoin Runes was the next big thing, it looks like the hype train is slowing down! 🚂 Launched on April 20, Runes dazzled with its early burst, gobbling up over 50% of Bitcoin network transactions on its best days.
But fast forward a few weeks, and it’s a different story—BTC is back, commanding a whopping 90% of daily transactions. 📊 Despite its early promise, Runes now hovers around 7.9%, struggling to keep up with the big Bitcoin boss.
Meanwhile, investors' interest in Bitcoin-based NFTs and the likes seems to be cooling off, leaving us wondering: Is the initial crypto craze just a flash in the pan? 💸
Chainlink has rolled out its Digital Assets Sandbox (DAS), a new initiative to help financial institutions swiftly explore the world of tokenization. The new platform allows banks to cut down trial periods from months to mere days, paving the way for quicker, more efficient experimentation with digital assets like tokenized bonds.
As Angela Walker from Chainlink Labs puts it, this secure eEU's New Crypto Rules: Navigating the MiCA Maze 🧩🇪🇺
The European Union is rolling out new tools to help businesses classify crypto-assets under the Markets in Crypto-Assets (MiCA) regulation. This move aims to standardize how cryptocurrencies are identified, ensuring everyone’s on the same page. With a handy set of guidelines, firms can now determine if a token is a standard crypto asset, an electronic money token (EMT), or an asset-referenced token (ART). As the MiCA rules continue to unfold, EU market players are invited to share their thoughts on these guidelines, making crypto compliance clearer and more accessible. 🔍
The environment is a response to the growing institutional demand for digital asset innovation. With DAS, financial giants can dive into blockchain tech, boosting their chances of uncovering new revenue streams and solidifying their digital strategies. 💼
Get ready, Europe! The continent might soon see the first-ever Ether staking ETF, according to dYdX Foundation CEO Charles d’Haussy. While the US is still warming up to the idea, Europe could pave the way for a significant leap in crypto adoption.
D’Haussy highlights the excitement around the milestone, anticipating that Ether ETFs will grab 25% of the market share held by Bitcoin ETFs. So, keep your eyes peeled—Ethereum’s big moment might be just around the corner! 💹
Curious about the broader impact of innovations like these on the crypto landscape? Dive into our article on decentralized derivatives to see how they're shaping the future of finance! 🛠️
The European Union is rolling out new tools to help businesses classify crypto-assets under the Markets in Crypto-Assets (MiCA) regulation. The initiative aims to standardize how cryptocurrencies are identified, ensuring everyone’s on the same page.
With a handy set of guidelines, firms can now determine if a token is a standard crypto asset, an electronic money token (EMT), or an asset-referenced token (ART). As the MiCA rules continue to unfold, EU market players are invited to share their thoughts on these guidelines, making crypto compliance clearer and more accessible. 🌐
Telegram's founder, Pavel Durov, announced that by the end of July, the popular messaging app will introduce a Mini App store and an in-app browser with built-in Web3 support. With over 900 million monthly users, the update aims to enhance the platform's functionality and user experience.
To combat scams, Telegram will display the registration month and country for public user accounts. The new Mini Apps feature will also label channels for added verification. These changes promise to transform how users interact with Telegram, blending social media with blockchain technology. 🌟
Ever felt like navigating DeFi is like using a wallet full of mismatched currencies? Aggregated rollups are here to fix that by combining assets from different blockchains into a single, unified pool, leading to smoother, faster, and cheaper transactions for users.
zkLink’s new products, zkLink Nova and zkLink X, take this concept further by enabling seamless trading and efficient DApp development across multiple chains. Say goodbye to liquidity headaches and hello to a more interconnected, user-friendly DeFi world! 💰
Big news in the crypto world! Binance.US has received court approval to invest customer funds in US Treasury Bills, ensuring these investments are handled by a third-party manager and not reinvested back into the company. 🏙️
Such a move could boost the demand for the US dollar amidst global de-dollarization efforts. Stablecoins, like Tether, already hold significant US Treasury reserves, suggesting that crypto assets might play a key role in sustaining the dollar's dominance. It's a financial twist that could have long-term implications for both crypto and traditional finance! 🏦
The TON Network, leveraging Telegram's vast user base, has hit a milestone of $760 million in total value locked (TVL). While this is impressive, the real buzz is about what's coming next. TON is gearing up for EVM compatibility and a Bitcoin bridge, which could significantly enhance its functionality and attract more developers. 💹
These advancements aim to make cross-chain interactions smoother and broaden the ecosystem's appeal, setting the stage for an exciting future in the decentralized world.
Kazakhstan has taken a leap into the future by using its programmable central bank digital currency (CBDC), the digital tenge, to fund a rail line to China. The pilot project ensures that the funds are disbursed only to organizations fulfilling their obligations, enhancing transparency and efficiency.
The project, part of Kazakhstan's broader CBDC initiative, promises to extend to various sectors, aiming for a full rollout by 2025. With smart contracts in play, Kazakhstan is setting a new standard for how government spending can be controlled and optimized. 💵
South Korea has implemented the "Virtual Asset User Protection Act" to safeguard users' crypto assets, which includes mandatory insurance against hacks and strict anti-money laundering measures. Effective from July 19, exchanges must separate customer assets from their own and report suspicious activities promptly.
Despite previous delays in taxing crypto trading profits until 2027, these new regulations are moving forward, causing some concern among exchanges about potential mass delistings. However, the Digital Asset Exchange Alliance (DAXA) reassures that mass delisting is unlikely. 🔒
Meta is cutting the budget of its Reality Labs by 20% through 2026, despite a 27% increase in Q1 earnings. Reality Labs, the division behind Meta's metaverse hardware and software, posted a $3.8 billion loss last quarter.
This budget cut aims to save about $3 billion and aligns with shifting the division into production mode for upcoming hardware launches. As Meta prepares to unveil new VR headsets and smart glasses, the cost-cutting move may reassure investors concerned about the high spending on metaverse development. 🕶️🎮
Stables, an Australian stablecoin startup, is making waves by expanding into Europe in partnership with Mastercard. This move allows Stables users to make purchases with USD Coin (USDC) across 27 European countries, seamlessly integrating with Apple and Google Pay.
Co-founder Bernado Bilotta highlights that stablecoins are breaking out of "crypto-native" circles and becoming mainstream, especially in regions facing high inflation or currency fragmentation. With such growth, Stables aims to cater to a broader market, demonstrating that digital dollars are here to stay. 💳
Germany’s state of Saxony recently sold its 50,000 Bitcoin stash, seized from the Movie2k piracy case, for around $2.87 billion. Despite making a significant profit, the sale came just before a 16.55% surge in Bitcoin prices, costing them an extra $124 million. The emergency sale was prompted by fears of a price drop, but with Bitcoin now rising, it appears they may have misjudged the timing. 🇩🇪
This hasty decision highlights the risks and potential missed opportunities in managing seized crypto assets. The Saxony government emphasized that their goal was to secure funds quickly for criminal proceedings, but this move leaves everyone wondering: will other holders like Mt. Gox follow suit, or wait for higher gains? As the crypto market remains volatile, timing is everything. 💰
In contrast to Germany’s cautious approach, US Bitcoin spot ETFs have seen record inflows, signaling robust demand for regulated Bitcoin investment vehicles. With net inflows exceeding $17 billion, led by BlackRock’s IBIT, which accumulated nearly $19 billion alone, it shows a growing investor confidence in Bitcoin. The variation in strategies underscores the diverse approaches to Bitcoin investment around the world. 📈
On July 23, Hong Kong will debut Asia’s first inverse Bitcoin ETF, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK). Introduced by CSOP Asset Management, one of China's largest asset managers, the innovative ETF enables investors to profit from Bitcoin price declines. Following the successful introduction of their Bitcoin Futures ETF in 2022, the new product aims to enhance the sophistication of crypto financial tools in the market.
By offering a way to bet against Bitcoin, it contributes to market stability and the maturation of crypto as a serious investment asset. ✨
Memecoins tied to President Joe Biden and his family plummeted over 60% after Biden announced his exit from the 2024 presidential race. The Joe Biden-linked Jeo Boden (BODEN) token dropped 62% in just two hours, while tokens linked to Jill and Hunter Biden also saw significant declines. 🇺🇸
In contrast, the Kamala Horris (KAMA) memecoin surged by 133% on speculation that Vice President Kamala Harris might replace Biden as the Democratic candidate. Although KAMA has cooled off by 35%, Harris is now the frontrunner, with 80% odds of being the nominee according to Polymarket. The memecoin market is as wild as ever! 💰
A major Microsoft Windows failure, potentially linked to a CrowdStrike software update, has caused significant global disruptions, impacting critical services like banking, travel, and emergency systems. ✈️
The outage, which began on July 18, has left financial institutions grappling with online banking outages, and airports worldwide facing grounded flights and travel chaos. In the UK and the US, emergency services and railway networks have also been hit hard.
As Microsoft works to resolve the issue, affected users are left navigating the chaos with handwritten boarding passes and inaccessible bank accounts. 🖥️
Samsung is exploring new smartphone designs tailored for generative AI apps, aiming to create devices that look "radically different" from today's models. According to Roh Tae-moon, president of Samsung’s Mobile Experience unit, these future "AI phones" could feature more sensors and larger screens, enhancing mobility and functionality.
The initiative follows the launch of Samsung's "Galaxy AI" system and reflects the company's significant R&D investment in AI-driven innovation. With rivals like Apple and Google also integrating AI into their devices, the race for the next-gen smart devices is heating up! 🔥
A group of US lawmakers, led by Representative Adam Schiff, is demanding answers from Google CEO Sundar Pichai regarding the company's "AI Overview" feature. Despite Google's efforts to combat misinformation, issues persist, such as AI recommending people eat rocks for minerals and spreading debunked conspiracy theories. 🧾
The lawmakers, concerned about the AI's accuracy and safety, have set an August 1 deadline for Google to respond to eleven questions about their efforts to ensure reliable and trustworthy information. Such a mandate follows growing scrutiny of AI's ability to handle misinformation effectively. 🚨
Scientists from SETI and NASA are considering using AI to communicate with extraterrestrials. Instead of sending static messages like the Voyager 1 golden record, they propose using an AI chatbot like ChatGPT to provide a dynamic and interactive representation of humanity.
An AI could answer questions from aliens, offering a deeper understanding of our planet and its inhabitants. However, challenges remain, such as how to transmit and operate AI without internet access and ensuring it doesn't fall into the wrong "tentacles." 🌌👽
Singapore’s Monetary Authority (MAS) is injecting a hefty 100 million Singapore dollars ($74.36 million) into the finance sector to boost quantum computing and AI capabilities. This funding aims to establish quantum computing infrastructure and accelerate AI development, supporting local financial institutions with substantial co-funding.
The MAS’s Financial Sector Technology and Innovation Scheme (FSTI 3.0) now includes AI pilot projects for fraud detection, involving banks, tech providers, and public agencies. This move is part of Singapore's ongoing efforts to cement its status as a global fintech hub. 🌍
OpenAI has just launched its latest AI model, the GPT-4o mini, on July 18. The new model promises to deliver impressive performance at a fraction of the cost, boasting over 60% savings compared to GPT-3.5 Turbo.
Despite its smaller energy footprint, GPT-4o mini excels in textual intelligence and multimodal reasoning, supporting the same range of languages as its bigger sibling. While the model currently handles text and vision, support for audio and video is on the way. OpenAI's cost-effective innovation continues to push the boundaries of AI capabilities! 💡
Grayscale has introduced a new fund aimed at accredited investors, providing exposure to decentralized AI protocols. The Grayscale Decentralized AI Fund includes tokens from Bittensor, Filecoin, Livepeer, Near, and Render. This fund focuses on three key areas: decentralized AI services, solutions to AI-related issues like misinformation and deep fakes, and AI infrastructure such as data storage and GPU computation.
With the rise of Web3 AI projects, Grayscale is positioning itself at the forefront of the decentralized AI revolution. 🌐
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Stay tuned, stay cool, and see you next week for another splash of crypto awesomeness. Happy trading and happy tanning! 🦐
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