Daily Web3 Headlines You Need To Know

18 October #NFT #Developers #DeFi & Trading #Policy&Law


Are Solana NFT traders running into a dead end with the Cardano price?
Cardano price shows an influx of speculative risk takers as NFT trading has prompted Solana users to consider swapping SOL for ADA. Still, the technicals are pointing south in a powerful manner, making the current market conditions evermore challenging…(Read More)

The Era of the Paywalled Restaurant Is Upon Us
From private “clubstaurants” to NFT reservation tokens to concierge services, getting a table is a lot easier if you’ve got the money .As long as there have been high-status, celebrity-studded restaurants, there have been people clamoring to get into them, working contacts, making phone calls, greasing palms. Lately, though, it can seem like every restaurant in New York is that kind of restaurant…(Read More)

Two-Time Oscar Winner Sir Anthony Hopkins Sells Out 1,000 NFTs in Minutes, Says Outcome Unimaginable
Award-winning actor Anthony Hopkins is partnering with web3 entertainment company Orange Comet for his first series of non-fungible tokens (NFTs). Orange Comet describes The Eternal Collection as a series of thought-provoking images and animations inspired by the actor’s performances over the course of his career…(Read More)

Gaming Companies Are Not Sure They Need an NFT Strategy
Crypto prices are rocketing. Celebrities can’t stop talking about NFTs. There’s packed conferences in glitzy venues attended by people wearing t-shirts with cartoon monkeys on them. If you’re an executive at a big gaming studio, you might be forgiven — maybe — for sending one of those emails with the subject line: NFT strategy question mark…(Read More)

🔗 Developers

The Next Major Ethereum Upgrade, Shanghai, Now Has a Testnet
Ethereum developers can start testing out their next upgrades to the protocol on the new “Shandong” test network (testnet). The Shanghai upgrade, for which Shandong is the testnet, is projected to happen at some point in 2023. It will be Ethereum’s first upgrade since the Merge in September, when Ethereum transitioned from a proof-of-work consensus mechanism to a proof-of-stake model…(Read More)

FTX, a16z-Backed Aptos Blockchain Off to a Rocky Start
Aptos, a new Layer 1 blockchain established by former Meta employees who worked on its Diem platform, is not living up to its expectations according to on-chain data from its first day of transactions. On-chain data from Aptos’ block explorer shows that the protocol is currently processing four transactions per second. During the development process, the Aptos team said that its parallel execution engine was capable of processing…(Read More)

📈 DeFi & Trading

Binance Announces CoinMarketCap (CMC) Cryptocurrency Index Series
Binance, one of the largest cryptocurrency exchanges in the world by market cap, announced on Monday that it had launched new series of cryptocurrency indices in cooperation with the popular crypto-tracking service CoinMarketCap. According to a press release, the Binance CoinMarketCap (CMC) Index Series is designed to enable users to evaluate and monitor the overall crypto market conditions to make easier investing decisions…(Read More)

Binance to Launch Cloud Mining Business in November
The world’s largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. Crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September…(Read More)

⚖️ Policy & Law

DAOs Aren’t People, Crypto Lawyers Tell Court in CFTC’s Ooki Case
Decentralized autonomous organizations (DAOs), collectives that typically govern activities by voting through the use of crypto tokens, are not people and should not be treated as such, a group of lawyers and developers told a California court Monday. LeXpunK Army, a group that received permission to file an amicus — or friend of the court — brief in the ongoing Commodity Futures Trading Commission (CFTC) lawsuit against Ooki DAO, argued that the federal regulatory agency should be required to identify and directly serve any people it believes has violated federal law, rather than the DAO as an entity…(Read More)

SEC, CFTC Probing Bankrupt Crypto Hedge Fund Three Arrows Capital: Report
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are examining whether bankrupt crypto hedge fund Three Arrows Capital violated rules by misleading investors about its balance sheet and not registering with the two agencies, Bloomberg reported, citing two people familiar with the matter…(Read More)

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