Vitalik Buterin highlights DApps like Farcaster and Lens Protocol that emphasize privacy and decentralization on Ethereum. Innovations like Gitcoin Grants’ quadratic funding and ZK proofs enhance security. DeFi and decentralized networks hold transformative potential. #Update #Ethereum
The Sandbox invests in six memecoins, including $DOGE and $SHIB, to boost crypto communities and expand its Web3 presence. This move, aligned with DWF Labs’ strategies, aims to enhance user engagement and creativity in the metaverse. #Crypto #Update
Binance Labs has invested in decentralized exchange Rango to boost DeFi infrastructure and reach. Rango, supporting over 60 blockchains with $3B in transactions, partners with @TrustWallet, Exodus, Binance Web3 Wallet, and Compound. Goals: better infrastructure, more blockchains, 1B users. #Update
Base Network hits a milestone with 267,000 DEX users, surpassing BNB Chain, driven by a booming meme coin market issuing 380,000+ ERC-20 tokens. With $1.582B TVL, Base ranks 7th among networks. Vitalik Buterin calls Layer 2 solutions crucial for Ethereum’s future. #Update
AI investments surpass cryptocurrency, says BIT Mining’s Youwei Yang. AI projects now attract more funding, while crypto assets trade within narrow price ranges. Juan Leon from Bitwise predicts combined market growth of AI and crypto could reach $20T by 2030. #Update #AI #Crypto
Iran’s central bank will pilot its digital rial on Kish Island in July, enabling cashless transactions with digital wallets and QR codes. This move aims to enhance payment security and efficiency in Iran’s financial system. #DigitalCurrency
Ethena Labs revamps $ENA tokenomics with mandatory vesting starting June 23. Users must lock 50% of tokens via Ethena, PT-ENA pools on Pendle Finance, or restaking pools to secure USDe transfers. Unvested tokens get redistributed. #Update
BlackRock’s ETF chief Samara Cohen notes advisors’ caution over Bitcoin spot ETFs despite $50B success since Jan 2024, citing volatility and fiduciary duties. 80% of buys are from self-directed investors. SEC eyes Ethereum ETFs by summer 2024. #Update
Decentralized science (DeSci) is modernizing academic systems with web3 projects like @ResearchHub and Molecule, offering decentralized funding and open publishing. This democratizes research, reduces reliance on traditional grants, and fosters global collaboration. #Update #DeSci
US Rep. @RoKhanna will host a key #cryptocurrency roundtable in DC, July 2024, with Biden officials, Congress members, and Mark Cuban. This event aims to tackle regulatory challenges and shape the future of the digital economy. #Update
Gemini to pay $50M to users of the collapsed Earn program, benefiting over 230,000 investors, including 29,000 in NY. This settlement, announced by @NewYorkStateAG, ensures digital asset access and bars Gemini from crypto lending in NY. #CryptoNews
Apple’s App Store faces a DOJ lawsuit for monopolistic practices, while @Google’s app store battles Epic Games. Crypto apps hit hardest by restrictions. Progressive Web Apps (PWAs) offer a fee-free, browser-based alternative. #Update #TechNews
Turkey’s Ministry of Finance proposes a 0.03% tax on cryptocurrency transactions, aiming to generate $113M annually for the national budget. This tax is part of post-earthquake reforms and could stabilize the economy. #CryptocurrencyTax #Update
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
