Web3 Lawyer Discovers SEC Discussion on XRP's Compliance with Howey Test in Ripple Case
New information has emerged in the ongoing legal battle between Ripple and the SEC, with web3 lawyer John Deaton discovering a footnote in documents that suggests the SEC discussed the possibility of XRP not meeting the requirements of the Howey test. Deaton believes this confirms what the crypto community has been saying for years, and could potentially change the dynamics and narrative of the case. While some speculate that this could hinder Ripple's chances of victory, others believe that the outcome is still promising and that Judge Torres may only fine the company for its early sale of XRP and other transactions.
Binance CEO Comments on China's White Paper on Web 3.0 Innovation and Development Ahead of Crypto Licensing Launch in Hong Kong; Beijing Municipal Science and Technology Commission to Support Web 3.0 Developments and Research
Binance CEO Changpeng "CZ" Zhao has commented on China's release of a white paper on Web 3.0 innovation and development, which comes just ahead of Hong Kong's launch of the crypto licensing regime on June 1.
Beijing releases white paper promoting web3 industry development and innovation
Beijing has released a white paper titled "Web3 Innovation and Development White Paper (2023)" aimed at promoting innovation and development of the web3 industry. The paper states that web3 technology is an "inevitable trend for future Internet industry development." Beijing aims to strengthen policy support and accelerate technological breakthroughs to promote the web3 industry and construct the city as a global innovation hub for the digital economy. The release of the white paper coincides with Hong Kong's crypto rules kicking off on June 1 and China appears to be opening up to the industry in some form.
SharkTeam: On-chain Data Analysis of Sui Mainnet
The Sui mainnet was launched in early May and has been running for over 20 days. The SharkTeam on-chain security analysis team has conducted the following compilation and analysis of on-chain data from Sui.
Ecoterra's Sustainable Cryptocurrency Presale Raises $4.35 Million, Redefines Recycling with R2E System
Ecoterra has established a unique position in the green Web3 sector by combining sustainability and digital currency. The company's blockchain technology is used to promote eco-friendly practices and sustainable cryptocurrencies. Ecoterra's ongoing crypto presale has raised an impressive $4.35 million, reflecting investor confidence in the platform and the future of sustainable cryptocurrency. The company's Recycle-to-Earn (R2E) system, which rewards users for recycling Coca-Cola, Carlsberg, and Evian bottles via Reverse Vending Machines (RVMs), has gained recognition worldwide. Ecoterra's $ECOTERRA token serves as the native currency of the platform, and a staking protocol is set to launch that allows $ECOTERRA holders to generate a passive income stream through their token holdings.
Bitcoin Stabilizes Amid Political and Monetary Uncertainties, Despite New Update from Bitcoin Core
Bitcoin has experienced an unusual period of stability, with its longest calm period since October 2020. This has surprised the crypto community, who attribute it to political and monetary uncertainties, as well as the release of Bitcoin Core's latest update. The update aims to improve the efficiency and functionality of the Bitcoin network. BTC is currently trading at $26,715.21, with a 1.46% gain in the past 24 hours. In addition, a list of top crypto marketing firms/agencies for 2023 and the top 10 Web3 games to explore in the same year have been updated.
Openfort Secures $3M Funding to Revolutionize Web3 Gaming with Frictionless Wallet Solution
Openfort, a crypto startup, has raised $3 million in seed funding to develop a gaming wallet that simplifies the interaction between blockchain and gaming. The wallet is designed to reduce the hurdles and time it takes to start playing web3 games, enabling gamers to focus on gameplay rather than complex blockchain activities. It also accommodates a range of common blockchain activities, such as trading and selling in-game assets, and offers cross-platform compatibility. The successful funding round highlights the growing interest in user-friendly web3 gaming solutions and sets a new standard for enhancing the gaming experience.
VeChain Launches WEB3 Workshop and Micro Scholarship Program to Drive Adoption
VeChain is attempting to drive adoption of its network and has launched a WEB3 workshop and grant program to stimulate development. Despite a recent decline in development activity, VeChain has maintained a relatively stable level of social dominance and has been recognized as the top network in terms of market and social activity by LunaCrush.
Web3 Framework Provider Ankr Collaborates with Gaming Firm Mirage to Offer Blockchain Capabilities
Ankr, a provider of Web3 infrastructure, has announced a collaboration with Mirage, a Web3 gaming company. Through this partnership, Mirage will gain access to Ankr's blockchain RPC and API connections, specialized blockchain engineering, and a gaming SDK that can add blockchain and cryptocurrency functionalities to any video game. This collaboration has the potential to transform the Web3 gaming industry by offering improved security, efficiency, and scalability. Ankr's gaming software development kit (SDK) presents Mirage with an innovative opportunity to integrate Web3 capabilities into current video games, thereby enhancing player engagement and agency.
Experts Discuss the Future of Web3 Innovation and the Potential for Independent Communities and DAO Projects.
A group of experts in the Web3 field were asked about the future of innovation, including exciting creative opportunities, navigating hype versus reality, and their dream Web3 project. They discussed topics such as token loyalty, gaming technologies, and building independent communities.
