The voting period for a historic community vote to provide a $10 million educational fund for web3 is about to end. It will be the first time a DAO has been utilized to allocate funds to producers of educational content. A proposal for the $10 million global educator fund is now live via the first-ever education DAO. Key sponsors including TinyTap, Animoca Brands, GEMS Education, Liberty City Ventures, and many more joined Open Campus in launching the $10 million Global Educators Fund (the “Fund”) in May 2023. The funding of individual teachers and content producers to create educational material using a decentralized methodology is being attempted for the first time in history. The pioneer in web3 games and the metaverse, Animoca Brands, said on May 15 that it had contributed funds to the Global Educators Fund, which was set up by Open Campus Protocol to help education by introducing web3-based solutions. The Fund intends to encourage areas of study that supplement the standard curriculum (such as emotional intelligence, life skills, etc.) but may not have historically received enough money from the school or government. The courses will be tokenized and marketed as Publisher NFTs, which will be minted in EDU. Moreover, the funds split with the author, co-publisher, partner, and DAO will also be denominated in EDU. The community will be able to vote on the first round of Global Educators Fund proposals on June 15 to determine how the organization, which is backed by partners like TinyTap and Animoca Brands, will distribute the first round of funding from the $10M pool. Educational material employing a range of multimedia has been proposed by educators from all over the globe. The first set of ten contributions was discussed and voted on by the DAO on June 15. More than 300 concepts were submitted for the community’s review, and the DAO will have the opportunity to vote on each one that qualifies. The Global Educators Fund’s inaugural winners will be made known following the voting on June 22. The courses proposed are: 1. English language for pre-k students 2. Gearing Up For Reading 3. Teaching Dyslexic students 4. STEAM Unit for Teaching Time Concepts 5. A Loving Hug 6. Reading and Writing Enhancement 7. SEL – Circle of Friends 8. Solar Energy Immersion for students 9. SCORA-Sexual and Reproductive Health and Rights including HIV and AIDS 10. Foundations of Mathematics To motivate educators and encourage the production of top-notch instructional materials, the Global Educators Fund was established. Creators of courses maintain their digital property rights, assuring that all educators control their creative property and that they will be paid for it with grant funds. The Global Educators Fund’s grant beneficiaries will be chosen for the first time after the voting on June 22 for the ambitious web3 educational project. Based on the Ideation Guidelines and the Global Educator Fund selection criteria provided on the website, the DAO Administrator has chosen the first batch of 10 submissions. The Open Campus DAO may now decide whether to support the first 10 proposals for the courses. Please be aware that applications for the Fund are reviewed on a rolling basis. Only a tiny portion of the total number of applications that will ultimately be supported by the Fund is represented by the first batch of submissions included in this proposal. Applicants will eventually hear from the DAO Administrator again, either with a request for further material to support the first proposal or a denial. One may find more information about the Fund, including its objective, criteria for selection, and the application procedure, at https://www.opencampus.xyz/fund 6.

Brazilian company is first Accenture Ventures “Project Spotlight” investment in Latin America NEW YORK & SAO PAULO–(BUSINESS WIRE)–Accenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Parfin, a leading provider of responsible, compliant Web3 infrastructure services to financial institutions in Latin America. Founded in 2019, with headquarters in London and Rio de Janeiro, Parfin offers digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions. Accenture’s investment in Parfin marks its first Accenture Ventures “Project Spotlight” investment in Latin America. The next iteration of the Internet will require new forms of digital ownership that will be powered by technologies such as blockchain, AI, and confidential computing that enable new forms of digital currency, digital identity, and digital assets. Parfin is currently developing Parchain, a permissioned blockchain technology that is designed to enable regulated entities to participate in decentralized finance (DeFi) and asset tokenization. This technology enables financial institutions to participate in this new digital economy and is well-positioned to play a role in broadening the scope of the Digital Real, Brazil’s central bank digital currency. “Web3, new forms of digital identity and end-to-end digital asset platforms like Parfin’s are challenging global financial services organizations to rethink their digital asset strategies,” said Mauricio Barbosa, Financial Services group lead, Accenture Brazil. “Powered by Parfin’s enterprise-grade digital assets and blockchain infrastructure, Accenture is accelerating and enabling Brazil’s largest financial services institutions to leverage digital asset transactions with a compliant, secure technology platform.” “The digital asset economy is extremely relevant to Accenture and our clients, and with our deep expertise in financial services, we are uniquely positioned to capture this emerging opportunity,” said Leonardo Framil, Growth Markets CEO at Accenture. “Web3 requires new infrastructure that financial institutions, particularly those in emerging growth markets, don’t have, and we believe Parfin is a perfect fit with our strategy to advance the adoption of digital currency around the world.” In March 2022, Accenture formed the Accenture Metaverse Continuum business group, which combines metaverse-skilled professionals and deep capabilities in customer experience, digital commerce, extended reality, blockchain, digital twins, artificial intelligence and generative AI to help clients design, execute and accelerate their spatial experiences and digital ownership journeys. “Accenture’s global presence, coupled with its industry expertise in technology and financial services, makes them an ideal strategic investor to help us advance our development of next generation infrastructure for the global adoption of digital assets,” said Marcos Viriato, co-founder and CEO of Parfin. “With Accenture’s support, and the introductions they can make on our behalf, we are even better positioned to help our existing clients in Brazil execute their digital asset strategies and expand our solution offerings to new clients in other parts of Latin America and around the world.” Parfin is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program focused on investing in companies that create or apply disruptive enterprise technologies. In addition to funding, Project Spotlight connects emerging technology startups with the Global 2000 to fill strategic innovation gaps and offers extensive access to Accenture’s domain expertise and enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. Terms of the investment were not disclosed. About Accenture Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com. About Parfin Parfin is the leading Web3 infrastructure provider in Latin America. With prominent clients in its portfolio, ranging from banks to crypto-native companies, its platform provides institutions with an end-to-end solution for custody, trading, tokenization, and digital asset management. Its mission is to accelerate institutional Web3 adoption through solutions that simplify access to the ecosystem while maintaining the highest and best standards of security, robustness, and compliance required by these companies. For more information, visit www.parfin.io. Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture. Contacts Jenn Francis Accenture +1 630 338 6426 [email protected]

When whales start buying, it’s a good sign since they have a long-term view. At its current price of $26,799, Bitcoin is demonstrating steady growth. Over the last two months, significant Bitcoin holders have been active in the market, buying up Bitcoin at a rapid pace. Despite what may seem like a recent decline in the value of BTC, large Bitcoin holders, or “whales,” have collected almost $3.5 billion in cryptocurrency since early April. Santiment, a market intelligence tool, reports that Bitcoin whales have been buying up Bitcoin at a rapid pace despite the recent price drop. There has been a massive $3.5 billion infusion into wallets that store 1,000 to 10,000 BTC since the first week of April. Upward Momentum Witnessed When whales start buying, it’s a good sign that they have a long-term view and are anticipating future price increases. Santiment also revealed its most recent observation, which focuses on the divergent reactions to the Blackrock and SEC litigation and the increase in BTC whale trades. Bitcoin’s upward momentum was boosted when the American multinational investment firm BlackRock applied to the United States Securities and Exchange Commission (SEC) for a spot Bitcoin Exchange Traded Fund (ETF). At its current price of $26,799, Bitcoin is demonstrating steady growth around the $27,000 barrier. Moreover, TradingView reports that Bitcoin’s dominance, measured by Bitcoin’s market capitalization as a proportion of the whole cryptocurrency market, has crossed the 50% level. According to data published by CoinMarketCap, the total value of all Bitcoin in circulation is presently $522 billion. Following growing governmental efforts against competing digital currencies, Michael Saylor has said that he expects BTC dominance to exceed 80%. Despite the SEC’s designation of 68 cryptocurrencies as securities, Saylor emphasized Bitcoin’s widespread acceptance as the industry’s digital commodity.

ApeCoin (APE) hit its all-time low (ATL) at $1.953 on Monday. Price of APE dropped 40% over the past 15 days. All Ape-related creations from Yuga Labs — ApeCoin, BAYC and MAYC — dominated the trends on Crypto Twitter during the Asian noon hours. Neither a positive update nor a pivotal price reversal has occurred. Currently, ApeCoin (APE) is weighed down by the bearish storm. In the past fifteen days, this web3 altcoin has experienced a decline of over 40%, dropping from $3.372 on June 4 to $2.02 at press time. On Monday, after plunging to its all-time low of $1.953, it pushed all its investors into a state of panic. Notably, last week, ApeCoin DAO landed in a heated debate with its community regarding the controversial six-figure annual salaries. APE fell 10% in the subsequent 24-hour window post this controversy, intensifying the downtrend pressure. Meanwhile, the project’s NFT siblings — Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (NFT) — experienced notable upsides in sales volume. According to CryptoSlam data, BAYC recorded a 24-hour gain of 230% and a weekly gain of 12%. Likewise, MAYC surged 133% in 24 hours and 2.5% in a week. Decoding Recent Patterns of ApeCoin (APE) At press time, as per CoinMarketCap, APE traded at $2.03 after recording a 1.6% gain in the last 24 hours. This brief uptick is insignificant compared to the major losses the token had witnessed since the start of Q2 2023. Let us analyze and decode the price patterns of ApeCoin (APE) ApeCoin Price Chart (Source: TradingView) The metrics on the above daily timeframe chart highlight the disappointing market performance of ApeCoin (APE). The negative crossover, indicated by the movement of APE’s 21-day moving average (21MA) crossing above the 9MA, confirms the extreme bearish condition. Furthermore, the RSI reading at 25.70 denotes the token’s strong oversold state. APE/USDT Resistance and Support Levels (Source: TradingView) Key Resistance Levels $2.292 and $2.812 Key Support Level $1.951 If the downtrend continues with no sign of trend reversal, APE might record a new ATL in the upcoming weeks. In this harsh bear trap, there is a possibility of APE breakdown at its key support level of $1.951. By any chance, if a bullish correction, APE could also rally to newer resistance levels — $2.292 and $2.812. A rebound at or a further breach below the support level could change the game for ApeCoin (APE). Tweet your prediction on this @TheNewsCrypto. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Recommended For You: Bitcoin Market Dominance Exceeds 50%, Setting New Record

Over $3 billion was moved, including a massive transfer of 117,000 BTC. Binance has the largest Bitcoin balance of any exchange, at 510,425 BTC. Binance, the world’s largest cryptocurrency exchange, stated on Monday that it has relocated a huge chunk of Bitcoin to a new blockchain address. The security of user money, which is now being held in cold storage by Binance, has not been compromised by the transfer. Binance had already tweeted about this transfer and informed users about it. Moreover, Binance’s new cold storage wallet reportedly got 15,000 BTC (at 05:47 UTC on Monday, or $399 million) according to statistics from Blockchain.com. Over $3 billion was moved, including a massive transfer of 117,000 BTC from one Binance cold wallet address to another. 130,000 BTC were depleted from the exchange’s cold wallet, according to data compiled by Bitinfocharts. Crypto Market Rebounds Furthermore, Coinglass reports that Binance has the largest Bitcoin balance of any exchange, at 510,425 BTC. On the other hand, Coinbase Pro claims to own 486,568 BTC. This month, the Securities and Exchange Commission (SEC) of the United States filed a lawsuit against both exchanges for various breaches of securities laws. The SEC requested that the court freeze all Binance.US assets, but the judge ultimately ruled against them. Reuters reported last month that Binance’s bank accounts at the bankrupt Silvergate Bank and Signature Bank included a mixture of customer deposits and company money. Binance, however, said that the aforementioned funds were transferred inside user accounts with the express goal of being converted into BUSD stablecoins. Significant gains were made by major digital currencies including Bitcoin. This can be correlated to the reports of BlackRock’s entry into the Bitcoin exchange-traded fund (ETF). A new wave of excitement has been sparked by the news from BlackRock, one of the biggest asset management businesses in the world. Recommended For You: Bitcoin ETF Plan from BlackRock Drives Crypto Market Rally

The measure cannot become law unless it receives Royal Assent. Originally, the measure only intended to regulate stablecoins, but includes crypto as well. The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through the next two steps before becoming law. One of which is the Consideration of Amendments and the other is Royal Assent. All Set for Approval A bill’s final reading in both chambers is dubbed “Consideration of Amendments.” The House of Commons will make any necessary revisions to the measure before sending it up to the House of Lords for final approval or disapproval. The bill will be sent back and forth between the Houses until a compromise is reached. The measure cannot become law unless it receives Royal Assent, the official approval of the King. The Scottish Militia Law of 1708 was the final law to be vetoed by the Monarch. Therefore, the 340-page document is expected to become legislation in the United Kingdom in the near future. Originally, the measure only intended to regulate stablecoins, but further modifications expanded that scope to encompass all cryptocurrencies. As the legislation made its way through the parliament, crypto marketing oversight was added. In April, Economic Secretary to the Treasury Andrew Griffith told CNBC that crypto-specific legislation might be anticipated within the next 12 months and that the United Kingdom aspires to become a “global hub for cryptoasset technology.” Just about a month has passed since the European Union enacted its own Markets in Crypto Assets (MiCA) regulations. Amid the ongoing U.S crackdown on the crypto sector, other nations are determined to define clear regulations for the sector.

At present, customers may only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies. Industry participants seek to allow leverage of four to 10 times for retail players, according to the Japan Virtual & Crypto Assets Exchange Association (JVCEA). Customers may now only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies to allow more enterprises in the sector. Japan’s government is preparing to ease margin trading restrictions. According to Vice Chairman Genki Oda of the Association: He further argued that this would lead to more market activity. Japanese cryptocurrency markets are already in discussion over proposed leverage criteria. They will most likely go on to present their plan to the Financial Services Agency (FSA), Japan’s preeminent financial watchdog. To further the government’s goal of developing blockchain-related industries, an FSA official has said that cryptocurrency firms must provide convincing arguments in favor of lowering margin trading limitations. The FSA is open to talking to companies dealing with digital assets about this. This news comes as Hong Kong is ramping up its efforts to cement its position as Asia’s crypto powerhouse. Therefore, Japan is considering relaxing some of its crypto regulations on token listing and taxes. Leverage of up to 25x on Japanese cryptocurrency exchanges led to massive margin trading volumes of roughly $500 billion in 2020 and 2021. In 2022, however, volumes dropped by 75% as a result of a ceiling of two times leverage imposed by the Financial Services Agency (FSA). The goal of this action was to shield investors from major losses and curb excessive speculation.

Mastercard has filed a trademark to develop crypto and blockchain software. The software would enable seamless connections between VASPs for conducting crypto transactions. Mastercard, a leading global payment technology company, has made headlines with its recent filing of a trademark application related to the development of crypto and blockchain software. The move suggests Mastercard’s intention to explore and potentially harness the potential of cryptocurrencies and blockchain technology in its suite of financial services. According to recent reports, Mastercard has submitted a trademark application for a variety of tools associated with crypto and blockchain technology. Patent attorney Mike Kondoudis has shed light on Mastercard’s plans, stating that the company intends to develop software specifically designed to facilitate transactions involving cryptocurrencies and blockchain. Mastercard’s Trademark is in Progress Mastercard submitted the trademark application related to cryptocurrencies on June 12, 2023. The filing was made with the United States Patent and Trademark Office (USPTO). The proposed software aims to create a network that seamlessly connects different virtual asset service providers, (VASPs), enabling efficient and secure crypto transactions. In addition, MasterCard develops API software. The software will have a specific focus on verifying interactions within blockchain networks during the processing or exchange of cryptocurrencies. With this initiative, Mastercard is positioning itself to play a significant role in the evolving landscape of digital currencies and decentralized ledger technology. However, developing tools would bridge the gap between traditional financial systems and the crypto realm. In addition, Mastercard seeks to provide enhanced accessibility and convenience for individuals and businesses engaged in cryptocurrency transactions. Further, recently MasterCard took many steps to evolve it’s involvement into crypto space. Also it seeks partnership with leading crypto exchanges.

opBNB Testnet aims to revolutionize scalability on the BNB Chain. BNB Chain’s opBNB Testnet targets 4,000 tps, surpassing Ethereum’s capabilities. BNB Chain, the blockchain founded by the renowned exchange Binance, has taken a significant stride. It tackles the scalability challenge that has long plagued blockchain technology. In a recent launch, opBNB, a new layer-2 chain built on Optimism’s OP Stack, aims to transform scalability and affordability on the Binance Smart Chain (BSC). The blockchain industry has grappled with network congestion and exorbitant transaction fees during peak periods. To combat these challenges, it leverages Optimistic Rollups, an innovative solution that executes transactions off-chain and consolidates them before posting the data to the main chain As a result, opBNB targets impressive speeds of up to 4,000 transactions per second (tps). It surpasses the capabilities of both BNB Chain and Ethereum’s modest 30 tps. opBNB: BNB Chain’s Scalability Breakthrough A standout feature of opBNB is its optimization of data accessibility, caching layers, and the submission process algorithm. By enabling simultaneous operations, or batching, it boosts the gas limit to a remarkable 100 million per block. This enhancement empowers opBNB to handle high transaction volumes while ensuring an average transaction cost below 0.005 U.S. cents. opBNB offers developers a robust and EVM-compatible platform, fostering the creation of open ecosystems. It presents an opportunity for developers to seamlessly migrate their applications to BSC, expanding their user base. Furthermore, the improved scalability and reduced transaction costs offered by opBNB are expected to provide much-needed relief for projects that have struggled with high transaction volumes on BSC. The new updates from Binance regarding the BNB chain and ongoing exchange developments reflect its commitment to progress, despite the regulatory turmoil it has faced over past month. And with the introduction of opBNB, BNB Chain confidently positions itself as a strong contender in addressing the scalability challenge within the blockchain industry.

The current price of BTC stands at $26,940.39. Bitcoin currently holds a market capitalization of $522 billion. According to data from TradingView, Bitcoin dominance, which indicates the percentage of Bitcoin’s market capitalization relative to the total cryptocurrency market, has surpassed the 50% threshold. Based on the information provided by CoinMarketCap, BTC currently holds a market capitalization of $522 billion. Bitcoin Market Dominance (source: TradingView) Over the past eight months, Bitcoin dominance has experienced a notable surge, while Ether’s market dominance has remained relatively stable at around 20% for almost a year. As of now, the combined market value of BTC and Ether constitutes approximately 70% of the total cryptocurrency market. During a recent statement, Michael Saylor, predicted that BTC dominance will surpass 80% in the wake of increased regulatory actions against other digital assets. Saylor highlighted Bitcoin’s universal recognition as the industry’s digital commodity, while the SEC designates 68 cryptocurrencies as securities. Additionally he attributed the absence of significant institutional investment in the crypto space to the presence of numerous alternative cryptocurrencies causing confusion and anxiety. Concerning CoinMarketCap, the current price of BTC stands at $26,940.39, and its 24-hour trading volume amounts to $14,223,914,664. Over the past 24 hours, BTC has recorded a 2% increase. Recommended For You Bitcoin (BTC) Price Prediction 2023

BearingPoint supported Burkina Faso’s Ministry of Finance and KfW in improving the management of donor funds by implementing a blockchain-based solution for better planning and greater transparency of projects. AMSTERDAM–(BUSINESS WIRE)–#SIGFE–In a recent client story, management and technology consultancy BearingPoint shows how it supported Burkina Faso’s Ministry of Finance and KfW, one of the world’s largest development banks, in improving funds management processes using cutting-edge technologies. Using blockchain technology for funds management Following several successful pilot studies conducted in Burkina Faso, Ethiopia, and Georgia, BearingPoint helped KfW and the Finance Ministry of Burkina Faso implement a blockchain-based platform shared between donors and the recipient country. The initial solution developed by KfW, called TruBudget, was adapted and further developed to meet Burkina Faso’s specific needs and rebranded as “SIGFE” (Système Intégré de la Gestion des Financements Extérieurs). With the Finance Ministry’s IT department, BearingPoint installed a blockchain node and connected it with a node at KfW, which allowed for the integration of SIGFE with local IT systems to automate data exchange while avoiding data redundancy. BearingPoint provided user guides, training sessions, and support in communication with other Ministries and donors. The solution was customized with an intuitive interface, allowing users to easily create and validate approval procedures and documents related to procurement procedures, disbursement of funds, payments, reporting, and receiving updates regarding the financial execution of donor-financed projects. “With TruBudget, we achieve transparency and accountability for everyone involved in a project. Our goal is to ensure reliable and efficient use of the approved funding in development cooperation. As payments are traceable on TruBudget, donors may consider channeling funds directly to the partner country’s budget,” said Piet Kleffmann, TruBudget Taskforce Lead at KfW. Enhancing the effectiveness of financial development projects Implementing SIGFE enabled the Burkina Faso Administration and donors to benefit from access to real-time data on project execution, full transparency of payments, and an accelerated online validation of processes. By using SIGFE, there is a reduction of the administrative workload, as all tasks related to reporting, procurement, and disbursement procedures are handled digitally on one single platform. The Burkinabe administration has already enrolled 25+ development projects on the SIGFE platform. These development cooperation programs are managed by more than ten line Ministries and multiple donor countries, including France, Germany, Italy, Switzerland, Luxemburg, Sweden, Belgium, Denmark, and Canada. “We are proud to have supported KfW for five years on different use cases on this great Tech4good innovation for the benefit of KfW’s development partners in Africa, Eastern Europe and Latin America,” said Jean-Michel Huet, Partner at BearingPoint. About KfW KfW is a German promotional bank and one of the world’s leading promotional banks. It was founded in 1948 and is 80% owned by the Federal Government and 20% by the federal states. The business sector KfW Development Bank carries out Financial Cooperation (FC) projects with developing countries and emerging economies on behalf of the German Federal Government. KfW Development Bank employs approximately 1,000 people at the head office in Frankfurt am Main and almost 400 specialists at more than 60 international locations, who cooperate with partners all over the world. Their goal is to combat poverty, secure peace, protect the environment and the climate as well as ensure fair globalisation. KfW is a competent and strategic adviser for current development policy issues. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit: Homepage: www.bearingpoint.com LinkedIn: www.linkedin.com/company/bearingpoint Twitter: @BearingPoint Contacts Press contact Alexander Bock Global Senior Manager Communications Telephone: +49 89 540338029 E-Mail: [email protected]

Sweat Economy, the leading web3 platform that tokenizes physical activity, recently conducted a groundbreaking governance proposal vote, granting its community members the power to shape the project’s future. The vote centered around the recovery of idle $SWEAT tokens held in inactive user accounts, which accounts for approximately 2.5 billion tokens, or roughly 13% of the total supply. Traditionally, such tokens would be irretrievable under normal circumstances. However, due to the unique lockup contract holding 90% of the tokens at the time of token generation event (TGE), Sweat Economy had the opportunity to repurpose these “abandoned” tokens. Sweat Economy proposal unfolded in two steps The proposal unfolded in two steps, with the first step being the vote on whether to reclaim the 2 billion idle SWEAT tokens and transfer them back to the Sweat Treasury for potential future distribution or other designated purposes. The community showed tremendous engagement and participation during this step, with the vote receiving overwhelming support. Community feedback prior to the vote expressed appreciation for the transparency surrounding the proposal, highlighting the anticipation of the potential use of over 2 billion $SWEAT tokens. The final results were released after the voting period, showing that 83% of the 355,506 votes cast were in favor of reclaiming the idle tokens locked in inactive user accounts. To honor the community’s decision, Sweat Economy will transfer approximately 2.4 billion SWEAT tokens from the TGE lockup contract to the governance treasury. These tokens will be held in the governance treasury and will not be utilized until the completion of the second part of the proposal. Looking ahead, the next vote will propose allocating the 2 billion tokens to the Sweat Economy’s US launch scheduled for September 2023. Additional details will be provided in due course. CEO comments on the participation Reflecting on the remarkable participation in the governance vote, Oleg Fomenko, Co-founder of Sweat Economy, stated, Sweat Economy’s governance principle revolves around one token holder having one vote, enabling everyone who owns SWEAT tokens to influence the project’s direction. During the vote’s execution, the technical team implemented updates to the lockup contracts, resulting in significant traffic on the NEAR blockchain. Sweat Economy worked closely with the NEAR team to ensure stability on the mainnet. The community’s strong engagement during the vote demonstrated an approximate 130% increase in participation compared to previous governance votes. Sweat Economy attributed this surge to the significance of the SWEAT tokens involved, proactive socialization of the proposal through Discord AMA sessions, and improved user experience within the app. For more information about Sweat Economy and its governance initiatives, please visit here. About Sweat Economy Sweat Economy is a leading web3 platform that aims to tokenize physical activity, making it valuable through the $SWEAT token. By incentivizing individuals to participate in various fitness activities, Sweat Economy seeks to revolutionize the fitness industry and promote a healthier lifestyle.

The European Investment Bank has been the target of a cyberattack. Killnet hackers to impose sanctions on the European banking transfer systems. The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had attacked the internetwork infrastructure of EIB. On June 19, the European Investment Bank tweeted that the bank’s website was down due to a cyberattack that it had faced. The tweet mentioned that the bank was responding to the incident. Moreover, the bank’s website was still not accessible. Europe’s Support for Ukraine Recently, the European Commission and European Investment Bank announced that they have agreed to give an EU guarantee that will allow the EIB to lend Ukraine $100 million for quick recoveries, such as municipal or energy infrastructure repairs. Russia’s aggression against Ukraine continues to result in tremendous human misery, extensive damage to towns, cities, and infrastructure, as well as serious economic disruption. The EU and EIB have provided valuable funds for relief support for Ukraine since the start of Russia’s war. Moreover, the EU has made available 70 billion euros for the support of Ukraine and its people. Now, the EU is guaranteed to allow the EIB to provide an additional 100 million euros to Ukraine, which will be complementary to the EU4Ukraine Fund. Killnet Expected to be Suspect in European Investment Bank Attack The cyberattack comes days after threats by Russian-speaking hackers to target Western financial institutions over their support for Ukraine. So, the EIB cyberattack is likely to be related to the cyber threat made by pro-Russian hackers in response to European support for Ukraine. Killnet’s telegram post In the recent telegram post, Killnet stated, The Killnet gang specializes in taking down websites offline through distributed denial of service (DDoS) attacks. DDoS attacks overload a website with traffic to the point where it crashes. According to the report, three heads of hacker groups from Russia and Sudan held a meeting on the darknet parliament 72 hours before. After a long discussion, the hackers decided on SOLUTION №0191. That means the hacker groups will start to impose sanctions on the European banking transfer systems SEPA, IBAN, WIRE, SWIFT, and WISE. Moreover, cyber security experts believe that the Killnet gang made up of Russian hackers who may have connections to the government of that nation.

European states jointly investigating Binance’s case with the SEC. Binance’s CEO stands with his crypto exchange firm. The major cryptocurrency exchange, Binance got sued by the United States Securities and Exchange Commission (U.S. SEC) earlier this month. However, several crypto community is joining hands thereby supporting the cryptocurrency exchange, Binance. Likewise, European-based financial regulators and police are processing with the SEC to investigate the information on Binance. SEC has reached out for help from the European nations for processing Binance’s information. Meanwhile, some of the European country states have urged to proceed with the actions as the SEC prevails. Whereas, some others are yet processing the criticality of the Binance case than straight away dealing with the SEC request. Anticipation on Binance Changpeng Zhao, the CEO of Binance claims that the French police started investigating Binance in the year 2022. The reason is that the money laundering activities and this has been the case. In some countries, the license for the cryptocurrency exchange, Binance is nearly in a give-up state. For example: Cyprus. Also, the European nations have set criteria for serving licenses for the crypto exchanges. Yet, Binance had other plans on registering other states like UK, Ireland, and some European nations. Those companies in Europe proclaimed that the revenue accesses in small amounts from certain thousands of Euros to five lakh Euros. Prominently, this constitutes 200 million Euros over the year of worth 218 million dollars. Another example is Guangying Chen, a shareholder of different Binance-registered firms in Europe. The hitch is that Binance proclaims Chen as a European passport holder in Europe but she is a Chinese passport holder who registered in Singapore. This case in 2022 has been under process which led to Binance’s CEO that the claim seems true since Changpeng Zhao is a trustworthy person. Although Chen proved her passport holding in 2022, it couldn’t be able to get it confirmed during the investigation.

Three fresh wallet transactions were detected from Etherscan. ETH’s current market price is down by 1.27%. As per the data retrieved from Etherscan, the analytics platform for Ethereum, it is noted that the highest withdrawal of Ethereum (ETH) in recent times. All of those withdrawals are remarked from fresh wallets of count three. However, the top cryptocurrency exchanges like Binance and Kraken are involved in the recorded transactions, as reported by Lookonchain, the on-chain analytics platform. Etherscan reports the overall ETH token balance which is 36,999.5 approximately worth $63,618,421.82 considering the value of 1 ETH as $1,719.44. Current ETH Withdrawals On one side, Bitcoin keeps fluctuating; on the other, the altcoin season prefers to continue as long as it prevails. Likewise, crypto investors tend to keep trading, and the global crypto market pretends unsustained over this month. Apparently, those three transactions constitute a withdrawal total of $150 million. There are 86,520 ETH withdrawn happened in this case from three different wallet addresses. And the first two withdrawals happened from Binance and the other one was from Kraken. All of these occurred together in the last week with a time gap. Firstly, the address ‘0x5bA3’ has withdrawn 35,860 ETH from Binance and has transferred to a contract. With a negligible transaction fee of nearly 0.00042 and 0.00039, the withdrawal occurred two separate times as 17,929 ETH and 17,929 ETH respectively. Secondly, the address ‘0x7c82’ has withdrawn 27,000 ETH from Binance. Also, this has happened with varied transaction fees over five times such as 9,999 ETH for three counts, 0.01 ETH for one count, and 6,999 ETH for one count. All these happened over the last 3 days in different time intervals. Thirdly, the address ‘0x2c74’ has withdrawn 23,660 ETH from Kraken. This started with a minimal withdrawal of 0.1 ETH at first. Following that, several withdrawals occurred at different times over the last 7 days. Also, the transaction fees are unique to all transactions for all the intervals. Last ETH Withdrawals Eight days before, a whale has been caught. Such whale deposited 25k stETH worth $43 million to Aave whereas the same whale borrowed 35M Tether from Aave subsequently. And this proceeded so that the whale deposited 35M Tether to Binance. Apparently, this questioned the state of bullish momentum. Likewise, before three days, the whales have accumulated huge amounts of Ethereum (ETH) and staked Ethereum (stETH). The whales are named ‘0x655’ and ‘boby1337.eth’ and have exchanged 20 million and 2 million of Tether (USDT). Furthermore, the staked Ethereum (stETH) of around 12,100 and 1,200 at $1,652 and $1,672 respectively. These transactions have happened on consequent times. Meanwhile, another whale named ‘hashkey-capital’ has gained 4,500 ETH from a top cryptocurrency exchange, Binance. However, the value obtained for such a transaction is $1,684. Current Price Analysis With the analysis from CoinMarketCap, it is noted that Ethereum, the second topmost cryptocurrency is been traded at 48.30% over the last 24 hours. Moreover, the market capitalization is yet down by 0.31%. Also, the current market price has fallen by 1.27% with a value of $1,719.59 per Ethereum. Ethereum 24Hrs Price Chart (Source: CoinMarketCap) Considering the last seven days, on June 15, the price drop is abruptly down to today, recorded at $1,632 at 03:50 PM IST. Additionally, the addresses that hold Ethereum have increased compared to the previous years. Furthermore, the ETH whale holders constitute 23.3123% of the total holders. For all these transactions, the recorded unique transaction fees are mentioned. Yet, the average transaction fee of ETH is 0.003034 ($4.874055). On May 5, ETH stunned the crypto community with a transaction fee of $28.130. Recommended For You: Ethereum Price Analysis: Trend Reversal in ETH’s Descending Channel Pattern

Phishing scam fraudulently claims Ripple’s XRP token allocation. Fraudsters leverage self-custody and token enhancement as bait. Vigilance over 24-word recovery phrase confidentiality is essential. In an alarming revelation, a recent tweet from Derekareid, a zealous XRP enthusiast based in Scotland, warns of a deceitful phishing campaign. He disclosed screenshots of a dubious email he’d received, marking a striking uptick in scams preying on unwary crypto aficionados. Per the reports, the fraudsters, posing as Ripple Labs, circulated the email from the sham address [email protected]. It cunningly dangled the bait of an “XRP Token Allocation Program.” Recognizing the potential danger, Derekareid turned to Digital Perspectives, a celebrated figure within the XRP community, to help broadcast this cautionary tale. Phishing Scare: Ripple Scam Email Widely Circulated Within XRP Community However, the tale doesn’t end here. Besides Derekareid, numerous other crypto users have reportedly received similar emails, painting a worrying picture of the scam’s extensive reach. Among the voices rising in concern, one individual alleged receipt of 15 identical scam emails. Furthermore, a renowned blockchain advocate, Jacob Canfield, recently fell victim to a similar phishing attack. Consequently, he emphasized this vital message by sharing his harrowing experience with a scam email, purportedly from the Ripple team. Canfield’s warning highlighted the perils of fraudulent token allocation programs aimed at the XRP community. Significantly, he warns that any emails with the subject “the allocation program” are fraudulent and designed with the malicious intent to drain XRP. Scammers cleverly imitate prominent crypto organizations to swindle digital assets and personal data, posing a grave risk to user accounts. They manipulate victims into divulging their 24-word recovery phrase, which should always remain confidential. The Deception Unveiled: A Closer Look at the Phishing Email According to reports, the email boasts of a token allocation program, deceitfully claiming Ripple’s intention to redistribute reserve XRP tokens. Moreover, it incentivizes XRP holders by promising token enhancements based on network activity. It unabashedly calls recipients to register for their token share using a fraudulent tool linked within the email. Further, in a cunning twist, the email extols the virtues of self-custody and essential ownership awareness. It even tempts users with a 15% token increase for new XRP accounts and rewards for NFT collection and DEX trading activities. Pervasive Threats to the XRP Community The proliferation of scams doesn’t limit itself to a single method of attack. A high-profile XRP advocate, John Deaton, fell victim to a similar cyberattack in June. Hackers hijacked his Twitter account to propagate a fraudulent “Law” token.” Additionally, these scams don’t only target seasoned crypto enthusiasts but also seek to exploit newbies entering the XRP community. Hence, the crypto community must remain informed and vigilant. Prioritizing security practices and due diligence will prove crucial in safeguarding digital assets from such nefarious threats. With the XRP community under a phishing siege, it is vital to avoid clicking unknown or suspicious links and protect confidential recovery phrases from prying eyes.

Brise Geo Web3 Real Estate Marketplace will go live on June 25. The Brise Geo Web3 Real Estate Marketplace is built on Bitgert Chain. Bitgert (BRISE), a crypto engineering project specializing in blockchain products and auditing solutions, has made an exciting announcement. Bitgert revealed the launch date of its upcoming development, Brise Geo Web3 Real Estate Marketplace. The real estate sector is about to witness a groundbreaking transformation with Brise’s development. On June 19, Bitgert tweeted an update on the Brise Geo Web3 Real Estate Marketplace. The new development will go live on June 25, 2023. With the arrival of Brise Geo Web3 Real Estate Marketplace, users can buy and sell properties using its innovative Web3 platform. It aims to revolutionize the traditional methods of real estate transactions. Bitgert Ecosystem The Bitgert ecosystem is built on the Binance Smart Chain (BSC), which has developed its own blockchain and claims to handle over 100,000 transactions per second with no transaction fees. According to Bitgert, its ecosystem has had a total of 350,000 members since its creation, and its blockchain has handled over 4 million transactions. Bitgert launched as an app on BSC in July 2021. At the launch, the project was named Bitrise, and later it was renamed Bitgert. Moreover, its native cryptocurrency has the ticker BRISE. Even though Brise claims no transaction fees, using the blockchain does incur some very small transaction costs. Bitgert’s Innovative Development On May 18, Bitgert made its first announcement about the Brise Geo Web3 Real Estate Marketplace. In the announcement tweet, Brise added a video introduction displaying the marketplace’s user interface and providing a brief tutorial. According to the report, Brise is making property transactions faster, cheaper, and more secure with the launch of the Brise Geo Web3 Real Estate Marketplace. There is no requirement for a third person in order for buyers and sellers to complete transactions, which reduces the transaction cost and speeds up the process. The Brise Geo Web3 Real Estate Marketplace built on Bitgert Chain, which designed for high-volume transactions. So it allows users to buy and sell properties quickly and securely. It also provides a list of other services in addition to the marketplace. It contains the BRISE dAPP Wallet, BRISE Staking, BRISE Swap, Bitgert Bridge, and Audit Solutions with Leaderboard Support. Brise Revealed the Launch Date A month after the first announcement, Bitgert revealed the launch date of the Brise Geo Web3 Real Estate Marketplace. It is coming to the Bitgert chain on June 25th, 2023. The announcement boosts excitement in the crypto community. With Brise Geo Web3 Real Estate Marketplace, buyers and sellers can expect a seamless experience where properties can list, explored, and traded. Bitgert has been continuously working on developing its ecosystem. Through this innovative marketplace, buyers and sellers can navigate the real estate landscape with greater ease and efficiency. Moreover, by embracing the potential of Web3 and blockchain technology, Brise empowers individuals to engage in property transactions with greater convenience, security, and affordability.

The platform will facilitate transactions between nations once it was introduced. It will be useful once new digital fiat currencies have become widespread. The IMF is stepping up its support for Central Bank Digital Currencies (CBDCs) being developed by countries throughout the globe. According to Reuters, the IMF is working on a worldwide platform to improve CBDC interoperability. IMF Managing Director Kristalina Georgieva said on Monday that the platform will facilitate transactions between nations once it was introduced. It is common knowledge that payment systems like SWIFT have linked the world’s financial markets. While several governments are currently exploring the viability of CBDC innovations, the IMF is actively working toward a future in which more than half of all nations will have their own CBDC in circulation. Global Interoperability of CBDCs The global CBDC platform established by the IMF will be useful once these new digital fiat currencies have become widespread. As Georgieva explains, the IMF is exerting great effort to persuade nations to settle on a unified standard that would allow for the worldwide interoperability of CBDCs. She stressed again that CBDCs’ technological foundations would go to waste if they are exclusively used in the home turf. Currently, 114 nations are working on building a CBDC, and 10% are nearing completion, according to Georgieva. In October 2020, the Central Bank of the Bahamas issued the first CBDC, which it called the Sand Dollar. The Central Bank of Nigeria (CBN) has also introduced its own digital currency, the e-Naira, making it the second nation in the world to do so. Initial findings from the Bank of England (BOE) support the BOE’s intention to launch its own CBDC, also known as “Britcoin.” Moreover, Banco de la Republica, Colombia’s central bank, and Ripple Labs, a blockchain payments firm, have inked a strategic partnership agreement to study the technology’s potential uses for Central Bank Digital Currency (CBDC).

Recent data reveals a movement of 27.6 billion SHIB. Anonymous wallets shift 17 billion Shiba Inu to leading exchanges: Binance and Coinbase Large volume of SHIB purchased on Binance, including 1.1 billion SHIB acquired via jump trading Recent data shared by Etherscan indicates significant transfers of Shiba Inu meme coins within the past few hours. A total of 27.6 billion Shiba Inu were moved in five transactions, with the largest transfer consisting of 10 billion SHIB. Anonymous wallets were responsible for moving approximately 17 billion Shiba Inu to addresses associated with leading crypto exchanges, namely Binance and Coinbase. Additionally, 6,039,968,812 SHIB were sent to a Coinbase 10 wallet, while 9,988,799,999 SHIB were transferred to Binance 14 wallet by an anonymous whale. Source: Etherscan Shiba Inu whales moving SHIB after surge It appears that these particular portions of Shiba Inu were intended for selling purposes by their owners. However, the data suggests a larger volume of SHIB was bought, including 1,140,690,612 SHIB acquired on Binance through the company Jump Trading. Furthermore, 6,039,968,812 SHIB were sent from the Binance 14 wallet to an anonymous address, and 4,569,449,905 SHIB meme coins were transferred from one unknown address to another. Last week, Whale Alert, a popular crypto tracker, reported two substantial transfers of Shiba Inu, each involving the movement of 3,811,233,843,288 SHIB tokens from an anonymous address to a new wallet. According to recent data shared by Shibburn, the burn rate of SHIB has experienced a significant increase of over 1,000% within the last 24 hours. A total of 15,487,160 SHIB coins were destroyed during this period. The SHIB community continues to actively burn these meme tokens, effectively removing them from circulation by transferring them to dormant wallets.

Any unsatisfied party has eight days to file an appeal. Do Kwon stated that he has never met or conducted business with Milojko Spajic. On Monday, the Basic Court of Montenegro decided in favor of the prosecution in the passport falsification case, convicting Terra co-founder Do Kwon and former CFO Han Chang-joon. Within the next six months, Montenegrin officials will have completed their investigation and legal process necessary to extradite Terra co-founder Do Kwon to South Korea. Judge Ivana Becic of the Montenegrin Court found on June 19 that defendants Do Kwon and Han Chang-joon used counterfeit Costa Rican passports to try to board a trip to Dubai in March. The case was heard in the Basic Court. Both were given prison terms of four months, which will encompass the period they were detained from March 23 to June 15. Eight Days to File an Appeal Moreover, the judge quickly stated her reasoning for reducing the punishment. She also said that the unsatisfied party has eight days from the time they received the written decision to file an appeal. Earlier, Montenegro’s highest court granted bail to Do Kwon and Han Chang-joon on June 15. However, the Montenegrin High Court mandated up to six months in extradition detention at South Korea’s request. As a result, they’ll both be held in custody. Do Kwon and Han Chang-joon claimed on June 16 that they were unaware their passports issued under the economic citizenship program were counterfeit as they traveled the globe using documents purporting to be from Costa Rica and Belgium. Do Kwon, founder of Terra, said he acquired these passports in Singapore. In addition, Do Kwon stated before the SDT and the defense lawyers that he has never met or conducted business with the ex-finance minister, Milojko Spajic.