W3 News (@pixely) • Hey
Latest news highlighting the Web3 revolution which includes: NFT, metaverse, P2E gaming and SocialFi
Publications
- To commemorate the milestone with @lens/lens, we collaborated with Nic Hamilton on this special artwork.
Mint it for free on @lens/orb!
- We reached 5000+ followers 🥳🥳🥳
Collecting is free for every follower to say "thank you" 🤗
- **Opening the garden**
art by @lens/notgonnamakeit
Limited Collect for 1 MATIC
80% going to the artist, and 20% going to @lens/creators to collect and tip more creators on Lens.
- The SEC has issued an educational document urging investors to resist the Fear of Missing Out (FOMO) in their investment decisions.
The advisory emphasizes diversification, long-term planning, debt reduction, compound interest benefits, and participation in employer-matched 401(k) plans.
https://www.investor.gov/additional-resources/spotlight/directors-take/say-no-go-fomo
- Honduras' Prospera, a special economic zone, has become the first jurisdiction globally to recognize Bitcoin as a unit of account, affirming its legitimacy for commercial, tax, and financial transactions in the zone.https://twitter.com/BitcoinNewsCom/status/1743983202740437426/photo/1
- REKTBuildr alleged that Ledger Live software tracks and collects user data.
The developer, posting on X, discovered a "genuine device check" in the Python code, occurring whenever a Ledger device is connected. This check lists installed applications, raising concerns about user privacy and data security.
https://shorturl.at/ozJV0
- IOSCO has issued guidance for regulating DeFi, advising the adaptation of existing rules to cover decentralized finance activities.
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD754.pdf
- The Bank of China's Shanghai branch has completed a 100m yuan ($ 14m) cross-border digital yuan payment with the Shanghai Gold Exchange, supporting the city's trade center initiatives.
https://news.cnstock.com/news,bwkx-202312-5166462.htm
- Tether has blacklisted six wallet addresses, including five Ethereum and one Tron address. These addresses are potentially linked to Finiko, one of the largest pyramid schemes in Russia in the past decades.
https://x.com/chainargos/status/1737404909442801848?s=46
- According to the data, for the past few weeks, nearly 95% of the transaction activity on major EVM chains has been related to Inscriptions.
https://x.com/etherscan/status/1737431914850734453?s=46
- I just minted Layer3 on Zora
https://zora.co/collect/zora:0x1dc9ff62bbc4c6f2ed4ef3fbc095db5416e4894f/1?referrer=0x3D81Fa04B30c7aC4571274E17891fbb9be8a5Bf3
- Bitrace reported that at least two users downloaded a fake wallet to counter the Ledger Connect Kit exploit and lost a total of 9.7 ETH and over 60,000 USDT.
https://twitter.com/Bitrace_team/status/1735310480787550392
- MetaMask is warning its users to have the Blockaid feature turned on in MetaMask Extension before performing any transactions on MetaMask Portfolio.
https://twitter.com/MetaMask/status/1735291820165263697
- South Korea's Financial Services Commission mandates exchanges to pay interest to users depositing digital assets by July 2024, excluding NFTs and CBDCs, while emphasizing asset separation and cold storage.
The guidance also requires preparations for hacks and prohibits blocking deposits or withdrawals unless deemed necessary by authorities. https://m.news.nate.com/view/20231210n12170
- According to the data, foreign direct investments in China turned negative for the first time in 25 years, indicating capital outflow.
https://twitter.com/MikeZaccardi/status/1733089173387506154
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🔹An NFT painting of Ethereum co-founder Vitalik Buterin dressed as a clown aka 'Ethboy' just sold on OpenSea for 200 ETH or the equivalent of $ 392,308
https://opensea.io/assets/ethereum/0xb6dae651468e9593e4581705a09c10a76ac1e0c8/807
- Despite efforts from OpenAI executives, Sam Altman will not return as CEO, as confirmed by co-founder and board director Ilya Sutskever.
https://www.theinformation.com/articles/breaking-sam-altman-will-not-return-as-ceo-of-openai?utm_source=ti_app
- 💻Microsoft has launched two dedicated AI chips: the Maia 100 AI chip, which can compete with Nvidia's AI GPUs, and the Cobolt 100 Arm chip aimed at general computing tasks, competing with Intel processors.
https://www.cnbc.com/2023/11/15/microsoft-reveals-maia-ai-processor-and-cobalt-arm-based-chip.html
- 🖼 NFT marketplace LooksRare has a no-fee policy for all NFT sales.
https://twitter.com/LooksRare/status/1725146704314298436?s=20
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📹YouTube is testing an AI tool that allows users to clone pop stars' voices. A total of nine artists, including Demi Lovato, John Legend and Charlie Puth, have so far given permission to clone their voices.
https://www.bbc.com/news/articles/c4n9erzrg93o
- BlackRock has filed an Ethereum spot ETF with the SEC under the name iShares Ethereum Trust, which aims to mirror ETH's price performance.
https://www.sec.gov/Archives/edgar/data/2000638/000143774923032233/iset20231114_s1.htm
- Microsoft, Tencent and other tech giants have partnered with Consensys to decentralize the Infura network, an important access point for Ethereum in the DeFi sector.
https://cointelegraph.com/news/microsoft-tencent-infura-network-partnership
- I just minted Farcaster: Fennec Fox
https://zora.co/collect/zora:0x1ac5c6eeadd3108baf182f5fc55534014f53bb5d/1?referrer=0x3D81Fa04B30c7aC4571274E17891fbb9be8a5Bf3
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Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), stated that cryptocurrencies have failed as a means of exchange or store of value, and supported CBDCs and stablecoins as better alternatives.
https://www.coindesk.com/markets/2023/11/16/cryptocurrencies-have-failed-the-test-of-digital-money-mas-managing-director-says/?utm_source=twitter&utm_content=editorial&utm_medium=social&utm_campaign=coindesk_main&utm_term=organic
- hey
i'm come back
- Data shows that to catch up with the total market size of gold, which is estimated at around $13 trillion, Bitcoin would need to reach a price of around $700,000. Currently, Bitcoin's market capitalization is around $500 billion.
https://twitter.com/ecoinometrics/status/1706348971378217184
- Casey Rodarmor, founder of Bitcoin Ordinals, has introduced a new protocol called RUNES as an alternative to BRC-20. It aims to accommodate the process, avoid dependency on off-chain data, eliminate the need for native tokens, and is compatible with the UTXO model.
https://rodarmor.com/blog/runes/
- Arkham telah menemukan 948.000 BTC (sekitar $25 miliar atau Rp 375 triliun) cadangan yang disimpan oleh Coinbase, menjadikan Coinbase entitas teridentifikasi terbesar di jaringan BTC, memiliki hampir 5% dari total pasokan Bitcoin yang ada. Jumlah tersebut hampir setara dengan btc satoshi nakamoto
https://platform.arkhamintelligence.com/explorer/entity/coinbase
- 💻 Microsoft has announced "Microsoft Copilot," an AI companion integrated into Windows 11 that works seamlessly across a variety of apps, including on your phone.
https://blogs.microsoft.com/blog/2023/09/21/announcing-microsoft-copilot-your-everyday-ai-companion/
- According to Coinbase statistics, more than 52 million American adults, or about 1 in 5 adults own cryptocurrency
https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1
- India has the second largest market in terms of raw transaction volume in the crypto space. From July 2022 to June 2023, they received approximately $268.9 billion in crypto assets.
https://www.chainalysis.com/blog/central-southern-asia-cryptocurrency-adoption/
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Australian regulators sued Bit Trade, the provider of Kraken in Australia, for allegedly failing to determine its target market before offering its margin trading products to Australian customers.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-256mr-asic-sues-crypto-exchange-alleging-design-and-distribution-failures/
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🔞 Adult content creators are turning to Web3 and decentralized platforms similar to OnlyFans and Patreon as OnlyFans tries to ban adult content and Patreon has difficulty paying content creators.
https://cointelegraph.com/news/onlyfans-patreon-models-turn-to-web3-payment-censorship-fears
- 🎉 Exciting News! 🎉
Now you can mint **Zora NFTs** directly through @lenster.lens 🟣 by just sharing the Zora link on your post, Dive into the seamless experience of showcasing your unique digital art and share what you got 💬
You can mint the below NFT to celebrate this moment 🎉
https://zora.co/collect/zora:0xeb0851f650150fec6b80ed894d95d152e7166a5b
- Data shows that unrealized losses on securities at commercial banks in the US increased by 8% QoQ, reaching $558 billion in the second quarter of 2023. This figure is about 7 times worse than the 2008-2009 crisis.
https://beincrypto.com/us-banking-crisis-deposits-fed-bailout-fund/
- Sam Altman, founder of Worldcoin and OpenAI, said that Worldcoin was facing operational difficulties. The main issues he mentioned were "such as overcoming the biometric resistance—for lack of a better word—that some people felt when they first heard about the product."
https://www.theblock.co/post/250924/sam-altman-says-worldcoin-faces-huge-operational-challenges-as-demand-grows
- The IMF and FSB published a joint report containing crypto policy recommendations.
https://www.fsb.org/wp-content/uploads/R070923-1.pdf
- 💲Metamask introduces its newest feature, Sell, which allows users to convert crypto to fiat and withdraw them to their bank accounts directly in the Metamask Portfolio.
https://twitter.com/MetaMask/status/1699062685550485743
- 💰 Base's Onchain Summer promotion has resulted in over 700,000 NFTs being minted by over 268,000 unique wallets since they launched on August 9.
https://cointelegraph.com/news/base-onchain-summer-over-700-thousand-nfts-minted-268-thousand-users
- The Texas power grid operator has paid $31.5 million to Riot, a Bitcoin mining company, to shut down during a heat wave in August.
https://www.cnbc.com/2023/09/06/texas-paid-bitcoin-miner-riot-31point7-million-to-shut-down-in-august.html
- Bankruptcy attorneys have reportedly earned more than $700 million in service fees over the past year at FTX, Celsius Network, Voyager Digital, Blockfi, and Genesis Global Deals.
https://www.nytimes.com/2023/09/05/technology/crypto-collapse-lawyers-turnaround-specialists.html
- October 2023 is expected to see increased market volatility, especially due to the main events occurring in the middle of the month:
⚫ The 45-day deadline for the SEC to review Grayscale registrations is about to expire
⚫ Approaching the deadline for BTC Spot ETF submissions.
⚫ Last deadline for ETH futures ETFs
https://twitter.com/K33Research/status/1699379950430593400?s=20
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The FBI claims a North Korean hacking group is responsible for $41 million in crypto stolen from Stake
https://cointelegraph.com/news/stake-hack-of-41m-was-performed-by-north-korean-group-fbi
- “We made strides distinguishing DeFi as a transparent, secure and efficient financial solution, but there is still work to be done both in terms of integration solutions and education,” said @stani.lens, Founder and CEO of Aave Companies. “Aave looks forward to working with the Coalition to develop stronger lines of communication.”
Read the article on @thedefiant.lens:
https://thedefiant.io/coinbase-and-aave-form-coalition-to-promote-tokenized-assets
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Arkham Intelligence identifies the Grayscale Bitcoin Trust as the second largest Bitcoin holder globally. Grayscale stores over $16 billion in Bitcoin across 1750+ addresses, holding no more than 1000 BTC each.
Arkham also previously confirmed that the Grayscale Ethereum Trust is the second largest Ethereum holding entity in the world, holding $5 billion (Rp. 75 trillion) worth of ETH.
https://platform.arkhamintelligence.com/explorer/entity/grayscale
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According to data, PEPE, BTC, ETH, SHIB, XRP, and DOGE are the most talked about cryptocurrencies on X (Twitter) in August 2023.
https://twitter.com/ICO_Analytics/status/1699019173488206101?s=20
- South Korea's fifth largest financial conglomerate, Hana Financial Group has announced a partnership between its bank, KEB Hana, and crypto custodian BitGo to provide crypto services starting in mid-2024.
https://forkast.news/headlines/south-koreas-hana-bank-bitgo/
- Trading volumes of AI related tokens remain low despite the recent hype following the launch of Worldcoin
https://cryptoslate.com/cryptos/ai/
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The top 5 blockchains sorted by number of unique addresses are:
⚫ BNB Chain: 378.7 million users
⚫ Polygon: 339.2 million users
⚫ Ethereum: 241.9 million users
⚫ Tron: 180.6 million users
⚫ Fantom: 119 million users
https://twitter.com/CryptoRank_io/status/1695037474773311601?s=20
- JPMorgan's latest research suggests that the recent downturn in the cryptocurrency market may be coming to an end.
They believe that most of the liquidation of long positions has occurred, as shown by the declining open interest in Bitcoin futures contracts on CME.
Despite recent regulatory concerns, ongoing legal uncertainty, and pending decisions on Bitcoin ETFs, as well as external factors such as rising US real yields and concerns over China's economic growth, JPMorgan analysts expect a limited downside to the crypto market in the near term.
https://www.bloomberg.com/news/articles/2023-08-25/jpmorgan-jpm-predicts-limited-downside-for-bitcoin-btc-crypto#xj4y7vzkg