Joe Biden is going to make it fair by eliminating the loopholes for crypto traders. The US government has lost $18 billion in tax revenue. The U.S. president, Joe Biden, is gearing up for his upcoming campaign and has made a significant promise related to the crypto market and traders. The rise of the crypto market has presented a unique set of challenges for traditional tax frameworks. Biden stated that he was going to reform the tax system fair by eliminating loopholes for Bitcoin and crypto traders. According to the official statement, President Biden is going to make it fair by eliminating the loopholes for traders and hedge fund managers. And also, Biden previously tweeted that the loopholes allowed crypto traders to avoid taxes several times, and because of this, the government has lost $18 billion in tax revenue. Closing Crypto Loopholes to Ensure Fairness President Biden also mentioned that he wants to close all the crypto loopholes in May. Congress should remove tax loopholes that help wealthy crypto investors, according to a message from his official Twitter account. Moreover, this was expected to result in a loss of tax revenue of around $18 billion. The loophole refers to the practice of traders selling and repurchasing cryptocurrencies within short timeframes, allowing them to avoid higher tax rates. President Biden has signaled his intent to address this issue and close the perceived loophole in the crypto market. Throughout his campaign trail, he is expected to outline his plan to crack down on these trading practices. He also mentioned that he has plans that will turn things around incredibly quickly. After Biden’s announcement, most crypto enthusiasts started feeling the United States was making rules unfriendly to crypto traders.

Mask Network displays resilience despite the overall sector downturn. Hive and LUKSO show modest growth amid sector volatility. SPACE ID and Status experience slight dips, presenting potential opportunities. While the social crypto sector has only a 0.50% 24-hour change, it boasts an impressive market cap of $1.29 billion. Notably, the sector’s dominance currently stands at 0.11%, with a 24-hour volume of $140.41 million. However, the sector has seen a slight decrease of 3.88% over the past week. Mask Network Surges Ahead Despite Sectoral Dip Among the top performers, Mask Network, trading under MASK, stands out. Despite the overall sector’s downturn, MASK has surged by 0.93% in the last 24 hours. Even though it’s down 10.05% over the past week, its resilience is noteworthy, especially in the face of a 22.78% monthly drop. Consequently, MASK’s market cap now stands at a formidable $279.65 million, with an ATH of $7.17747, currently 52% off its peak. Following MASK is Hive, or HIVE, which has taken a slight hit with a 1.31% decrease in the last 24 hours. However, HIVE has seen a modest 0.27% weekly growth, despite being down 7.68% over the month. With a current price of $0.31727, HIVE’s market cap stands at $158.86 million, significantly off its all-time high of $3.32209. Additionally, LUKSO, trading as LYXe, has displayed some resilience. With a 1.52% increase in the last 24 hours, LYXe’s current price is $9.38892. Despite being down 6.5% over the week and 9.18% over the month, LYXe boasts a market cap of $174.63 million, remaining 78% off its peak. Moreover, SPACE ID and Status, trading under ID and SNT, respectively, have seen drops. ID fell by 4.09% in the last 24 hours, with a market cap of $93.33 million. SNT, on the other hand, slipped 1.18% but carried a promising market cap of $87.38 million. In conclusion, while the social crypto sector’s performance shows a mixed trend, a keen eye will spot opportunities amidst turbulence. As a result, experienced investors understand that the sector’s current state might pave the way for promising developments. Highlighted Crypto News Today: PancakeSwap Expands Reach with Polygon zkEVM Integration

Shanghai upgrade triggered Ethereum’s record staking surge. Over 25.8M ETH staked despite minor value fluctuations. Staking popularity signals faith in Ethereum’s security and potential. Following the remarkable Ethereum Shanghai upgrade, the trend toward staking on Ethereum’s blockchain has been nothing short of phenomenal. Consequently, Ether (ETH) accumulation on the beacon deposit contract has surged significantly, witnessing an unprecedented rise. According to CryptoRank’s tweet, the ETH deposit contract value stands tall, reaching a new all-time high (ATH) of over 25.8 million ETH, valued at a whopping $48 million. Ethereum Network’s Upgrade: A Catalyst for the Surge Interestingly, the upsurge in Ethereum’s deposit contract value is chiefly credited to the recent Ethereum Shanghai network upgrade. Following this upgrade, the staking ratio of the Ethereum blockchain has been on a steady climb. In layman’s terms, staking validates transactions within the Ethereum blockchain network. It’s like buying a lottery ticket for the chance to become a network validator, except the stakes here are ETH tokens. Similarly, when users’ stake’ their ETH tokens, they earn rewards while contributing to the network’s security. Hence, it’s a win-win! Understanding the Stakes at Hand Considering the recent ETH staking spree, it’s worth delving into the figures. As per data from the CryptoRank Portfolio Tracker, the beacon deposit contract now holds over 25.8 million ETH, equivalent to more than $48 million. Although a slight dip of -0.41% in the past 24 hours and -2.37% in the past 30 days, the overall ETH holding still amounts to a staggering $47,823,300,405. It’s clear that despite minor fluctuations, the enthusiastic drive for staking remains undeterred. In conclusion, this notable Ethereum milestone paints a positive picture of the network’s ongoing journey. It highlights the growing faith in ETH’s staking mechanism and is a testament to the blockchain’s robust security. Moreover, it is an unmistakable indicator of Ethereum’s increasing popularity among users worldwide. Watch this space as ETH continues to forge ahead, pushing boundaries and setting new records. Highlighted Crypto News Today: United Kingdom Officially Embraces Cryptocurrency as a Regulated Financial Activity

PancakeSwap launches on Polygon zkEVM, its fourth blockchain integration. The move promises users lower fees and faster transactions. PancakeSwap aims to expand its user base and boost protocol revenues. PancakeSwap, the popular decentralized exchange (DEX), has launched on the Polygon zkEVM blockchain in an exciting move for the crypto universe. This marks PancakeSwap’s fourth integration, following successful launches on the BNB Chain, Ethereum, and Aptos. Consequently, as announced by its developer, Chef Cocoa, the platform is forging ahead with its expansion plans to bolster its user base and protocol revenues. Known for its reliance on smart contracts instead of intermediaries, PancakeSwap has offered trading, lending, and lottery services on the blockchains mentioned above. According to DefiLlama, the platform currently holds over $1.54 billion worth of tokens. zkEVM: A Game-Changer for Users Moroever, it is worth noting that this new deployment has the potential to greatly impact users. In what ways you may ask? Polygon’s zkEVM offers lower fees and faster transactions, a much-coveted feature by crypto enthusiasts. For the uninitiated, zkEVM is a privacy-centric, layer 2 blockchain that operates over the original Polygon blockchain. Additionally, it’s worth mentioning that PancakeSwap already offers some of the lowest fees in the DEX realm, with users enjoying rates as low as 0.01%. Hence, the integration with Polygon zkEVM, which has attracted over $28 million in total value locked (TVL) since its beta mainnet launch in March, represents a significant milestone. In conclusion, PancakeSwap’s move to launch on Polygon zkEVM is not only a strategic plan to increase user adoption but also a move to increase protocol revenues. It reaffirms the project’s commitment to providing users with more affordable and faster transactions, significantly boosting the platform’s appeal. Therefore, all eyes are on PancakeSwap as it navigates this next chapter. Highlighted Crypto News Today: BobaBNB Smashes Transaction Records in May with ROVI Network Surge

DeFi protocol AlloyX launches a real-world asset vault with Credix Finance and a tokenized U.S. Treasury Bills protocol after raising pre-seed funding DOVER, Del.–(BUSINESS WIRE)–AlloyX, a decentralized finance (DeFi) protocol that aggregates tokenized credit, announced today the launch of a liquid real-world asset (RWA) vault product after closing a $2 million pre-seed funding round1 led by Hack VC, with investments from Circle Ventures, Digital Currency Group, Stratos, Lecca Ventures, MH Ventures, very early Ventures, Archblock, dao5, and Credix Finance. With this funding, AlloyX has integrated with nine credit protocols to date and is building the industry’s first blended investment vault with its partners Credix Finance and a tokenized U.S. Treasury Bills protocol. This investment vault taps into the more than $530 million2 active loans onchain in the private credit market by combining Credix’s high-yield, overcollateralized tokenized private credit investment with highly liquid tokenized U.S. T-bills. As a result, investors such as decentralized autonomous organizations (DAOs) can gain access to liquidity, yield and diversification in tokenized credit. Tokenized credit refers to digital tokens backed by real-world assets, such as loans or debt instruments. Compared to crypto loans or liquidity pools, tokenized credit investments typically carry an initial lockup period and lower liquidity. Using AlloyX, investors and DeFi protocols can create strategies blending tokenized U.S. T-bills with the highest volume and deepest liquidity of RWA available to achieve attractive yields. “As we saw during the crypto market crash in 2022, investors wanted to exit positions from RWA lending pools. But it was hard to get out of these real-world loans with years left before maturity,” said Alexandre Liege, CEO at AlloyX. “The composability and flexibility that make DeFi valuable need to be available for RWA as well. To achieve this, we are building products to enable our community to invest and create RWA diversified baskets with automatic reinvestment, similar to what Yearn Finance created for digital assets.” AlloyX allows protocols, DAOs and institutional investors to build diversified investment strategies in real-world assets. Investors easily access attractive yields from tokenized credit pools and provide liquidity to loans on chain. By integrating and aggregating investments from major credit protocols such as Credix Finance, Goldfinch, and Centrifuge, AlloyX provides crypto lenders with a flexible and efficient platform to manage RWA investments tailored to their yield, risk and liquidity preferences. “We’ve seen demand from DAOs eager to allocate capital in the RWA space but are looking for flexible and liquid options that would work for them. Hence we’re excited to see the AlloyX team launch the first of its kind blended vault to give investors exposure to private credit while benefiting from the liquidity of U.S. T-Bills,” said Chaim Finizola, Co-founder and Chief Growth Officer at Credix Finance. AlloyX has reached $5 million in total value locked (TVL) and generated yields above 18% on average since inception in 2021. This blended vault will be live in early Q3 2023. The team plans to integrate with additional DeFi protocols and launch more investment vaults later this year. 1 Funding raised in pre-seed round is part of AlloyX Inc. to build the AlloyX protocol, the DeFi project that aggregates tokenized credit. 2 Data sourced RWA.xyz, represents active loan values as of June 2023 For more information, please visit https://www.alloyx.xyz/ Contacts [email protected]

From AI and Crypto Art to Collaborative Entrepreneurship: The Evolution of Crypto Investments with Dialectic’s Ryan Zurrer In the fascinating realm where blockchain technology and art converge, Dialectic, an investment fund with a unique approach, is making waves. At the forefront of this venture is Ryan Zurrer, a visionary figure with a deep understanding of the crypto movement. As an entrepreneur and art enthusiast, Zurrer is exploring the transformative power of blockchain in cultural investments. Zurrer has dedicated his expertise to generating exceptional returns for stakeholders in token-enabled decentralized consensus networks leveraging blockchain technology. With an impressive background in renewable energy, Zurrer’s journey into the world of blockchain began in late 2012 when he discovered Bitcoin, igniting a deep passion for the Ethereum ecosystem and blockchain technology as a whole. More recently, Zurrer’s entrepreneurial spirit led him to become an angel investor, supporting start-ups that developed ground-breaking innovations utilizing blockchain-enabled networks. In 2019, he co-founded Dialectic alongside developer and software engineer Dean Eigenmann. Based in Zug, Switzerland, Dialectic is a Swiss capital enterprise focused on delivering above-market returns on strategic investments in unconventional assets and captivating globally diversified prospects. Prior to that, Zurrer served as principal and venture partner at Polychain Capital, and was the CEO of a large Brazilian energy firm. Today, he is active in diverse fields and interests from collecting art through the 1of1 platform to exploring unique business opportunities in life sciences within the emerging field of psychedelics research through an initiative called Vine Ventures. Aside from collecting art and running the venture capital wing of Dialectic and Vine Ventures, The News Crypto sat down with Zurrer during the Blockchain in Basel summit to discuss what the future holds for crypto and blockchain, and what the future may hold for token-enabled networks in both finance and culture. Dorian Batycka: Here we are, at the Theatre Basel at Blockchain Basel, which you are sponsoring. How’s blockchain life? How is Dialectic and the fund? Ryan Zurrer:Dialetic is great. Just to come in and watch the machine spend money every day is very rewarding. And that allows us to be super patient with the market because inevitably, the space is going through one of the strongest attacks that it’s ever faced. And in kind of the Sanskrit proverb of, first they ignore you, then they laugh at you, then they fight you, then you win. We’re definitely in the fight phase now. Right. So for us, this favours us because we can be patient with our capital. We’re really conservative, and our yielding machine just continues to outperform the market, so we’re pretty happy with that. DB: And how are the funds allocated on-chain? RZ: We allocate across three buckets: early-stage venture and SaaS late-stage tokens. We apply our yielding software to that and then really the bread and butter is the market neutral yielding just the way the MIB the way that we stack DeFI on top of delta neutral on top of MEV and take an automated approach to this. That market-neutral yielding just feels really comfortable right now. DB: And how about NFTs? Are you still buying? RZ: We just bought the wonderful Sasha Styles I saw this past week. Right now we’re loving this movement of AI art and some of the leading practitioners in that space. I just picked up Christopher Kulendran Thomas as well. I just loved how he took machine intelligence to create an output based on the history of Tamil art that then brought the community in and human intelligence to take it the last mile. We’re really grateful to be taking our time and thoughtfully picking up these artists that we. DB: I feel like you are one of the few people in crypto who have a deep philosophical understanding of the movement. What do you learn from artists and from culture when it comes to developing a thesis for your investment portfolio? RZ: We look at the portfolio of important 21st-century cultural artifacts also as a capital asset. And because we have that ace in the sleeve of our yielding book, you know, we’re able to then take debt on these capital assets and yield with it and collect a really significant spread that is just a lot of fun. It makes our portfolio when you have a piece on the wall and you’re like, I just received a check from you last quarter. It’s just great. It’s even that much more beautiful. And so being playful but professional in using crypto primitives and these capital assets to yield in a really efficient manner, which crypto uniquely enables, is just something that we’re so just stoked every day to be in the weird soup of deep down the rabbit hole and pushing the space forward. DB: You mentioned AI-enabled art, what are some of the dominant themes that you’re looking at now, whether it’s AI or generative art, are there other paradigm shifts you are looking at now that may impact the culture in the next few years? RZ: Yeah, certainly. I think it’s important, but also really intellectually compelling to embrace the movement of this moment which would be remembered as such a cultural, technological and frankly, financial curve that feels like this really important crucible moment. Embracing how machine learning and statistics can inform great generative art is really just rewarding on so many levels. So that’s one theme that we’re excited about. And we’re excited about the collections that we’ve made in this category. Some I’ve shared, some I’ll keep private for a little while. But then, conversely, in the quiet of the moment in crypto art and digital art enabled through NFTs, we’re able to very methodically sift through and make some really, I think, deeply meaningful and important acquisitions and then work with those artists to use crypto primitives in some interesting way. Even just something simple like the Squiggles post around my Squiggle, my signature. And recognizing that Snowfro’s founding statement of Squiggles was, this is my signature as an artist, I sort of said, well, why can’t my Squiggle be my signature as a crypto native? And I signalled to other crypto natives when I signed documents or emails or what have you, with my signature, which is my Squiggle. DB: Did you ever engage in art-making yourself? RZ: I did. I drew and painted some as a child and actually really enjoyed pencil drawing. But honestly, my art for as long as I can remember has always been business and entrepreneurship. DB: Andy Warhol once said ‘“Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.” RZ: Yes, the way that artist progresses towards mastering their craft. And that’s why it’s really fun to collab with these artists and help them think through using crypto primitives to propel their community forward just beyond sale or resale, but using crypto primitives in interesting ways to propagate and propel a community of collectors, I think is just really fun. And so I prefer the collaboration. I prefer the collaboration of entrepreneurship as an art form unique to my skill set. Touching on that point, I have been thinking more and more of like, okay, now that we’re seeing the democratization of digital tools, should I be sitting down and doing that? And every day and just, like, walking this path? It’s something that I’ve been sitting with, but ultimately it takes away from my art, which is Dialectic, which is our investment fund and portfolio.

The Financial Services and Markets Act 2023 has officially become law in the United Kingdom. The bill gives regulators the power to govern crypto and stablecoins. The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision by the UK government has marked a remarkable turning point in the global crypto market. It reflects the growing acceptance and understanding of the potential of cryptocurrencies. On June 29, the UK government released a press release announcing that the country has officially passed the bill recognizing cryptocurrency as a regulated financial activity. Moreover, with King Charles’ approval and royal assent on Thursday, the Financial Services and Markets Act 2023 has officially become law. The UK government has mentioned this act as central to its vision to enhance the country’s economy. And also to create an opportunity, sustainable, and technologically advanced financial service sector. Moreover, the bill gives regulators the power to govern crypto and stablecoins. The law was introduced in July 2022 and changed the way regulators used to have authority over the financial industry. As a result, it now gives them the authority to regulate the digital asset sector as well.

Vitalik Buterin highlighted the flaws in MPC based Externally Owned Account wallets. Buterin emphasized that Smart Contract Wallets are the superior option compared to MPC-based EOAs. Ethereum founder Vitalik Buterin drops a bombshell on Twitter, he claims that MPC-based EOAs are fundamentally flawed because they cannot revoke keys, “Smart Contract Wallets are the only option” In a recent Twitter Ask Me Anything (AMA) session conducted by Vitalik Buterin, he made a significant revelation regarding the flaws of Multi-Party Computation (MPC)-based Externally Owned Account (EOA) wallets. Buterin emphasized the superiority of Smart Contract Wallets (SCWs) and their potential to revolutionize the crypto landscape. During the AMA, Yuga, a senior software engineer from a prominent cryptocurrency exchange Coinbase, sought Buterin’s perspective on the benefits and drawbacks of MPC-based EOA wallets compared to SCWs. In response, Ethereum CEO unequivocally asserted that SCWs are the optimal choice for users. One of the key advantages highlighted by Buterin was the flexibility provided by SCWs. Benefits of Smart Contract Wallets Unlike MPC-based EOA wallets, SCWs enable users to pay gas fees using any ERC-20 token. This convenience is particularly beneficial for individuals who hold diverse tokens and wish to utilize them for transactions seamlessly. In addition, SCWs streamline transaction processes by simplifying the approval and signing steps. Rather than repeating these actions for multiple transactions, SCWs empower users to approve and sign their transactions with a single click. This enhanced efficiency promises a more user-friendly experience for Ethereum network participants. Further, Smart Contract Wallet opens avenues for disciplined investment strategies in the volatile cryptocurrency market. Similar to Systematic Investment Plans (SIPs) in traditional finance, users can automate the regular purchase of tokens at predetermined intervals. This automated approach provides a structured and controlled method for investing in cryptocurrencies. Another significant advantage was the incorporation of two-factor authentication in SCWs. This feature allows users to authenticate and sign transactions using biometric data such as fingerprints or facial scans, enhancing security and mitigating the risk of unauthorized access. Recommended for you Ethereum (ETH) Price Prediction 2023

BobaBNB achieves record-breaking transaction volume, fueled by the growth of ROVI Network. ROVI Network simplifies crypto adoption, attracting a wide user base on BobaBNB. MegaWorld integration amplifies BobaBNB’s transaction numbers. BobaBNB, the leading multichain Layer 2 (L2) solution on BNB Chain, reached a remarkable milestone by breaking a new transaction record last month. With a staggering 3,073,042 transactions in May, BobaBNB experienced a significant surge compared to the previous months. April witnessed 2,863,240 transactions, while March recorded 585,818. These numbers clearly demonstrate the platform’s exponential growth and popularity among users. Powering this surge in transaction volume is the rising prominence of the ROVI Network, a Web3 infrastructure protocol that aims to bring the crypto economy to the masses. In just six weeks, ROVI has garnered over 50,000 wallets and facilitates more than 3 million transactions every month on BobaBNB. This trend was anticipated, given ROVI Network’s mission to simplify crypto adoption through innovative products. One of ROVI’s offerings is the M91 Crypto Super App, which provides a seamless peer-to-peer crypto payment experience akin to WeChat Pay. ROVI’s AI Smart Keyboard software also rewards users with cryptocurrency for typing messages, while Gaming91 offers a smart contract-powered fantasy, skills, and prediction game. These user-friendly applications have played a significant role in attracting a wide user base. ROVI Network has also invested in crucial infrastructure to onboard billions of users to Web3. This includes secure, keyless wallets based on Multi-Party Computation, gas-less transactions, and simplified on-and-off ramps between crypto and fiat currencies. BobaBNB’s efficiency in processing transactions in real-time and reducing gas costs by 80% makes it the perfect fit for ROVI Network and other adoption-driven dApps. Another contributing factor to BobaBNB’s increasing transaction volume is MegaWorld, a Web3 city construction game that leverages smart contracts to enable actual economic interactions. Its integration with BobaBNB has further amplified the platform’s transaction numbers. BobaBNB Attracts Web3 Developers Excitement abounds among Boba Network’s core contributors, who are delighted by the impressive traction witnessed on BobaBNB. Being the first L2 solution outside of Ethereum to achieve substantial transaction volumes, BobaBNB is attracting a wave of Web3 developers eager to enhance the BNB Chain’s capabilities and create more complex dApps and games. TheNewsCrypto recently reported on another significant development for BobaBNB, building on its previous achievements. In the month of April, the BobaBNB platform impressively handled a staggering number of transactions, reaching a total of 2,863,240. This was the first occurrence of a substantial L2 transaction volume outside the Ethereum ecosystem. The remarkable growth of BobaBNB and its partnership with the ROVI Network and MegaWorld demonstrate the increasing demand for scalable and efficient solutions in the crypto space. BobaBNB’s unique features and ability to cater to the needs of both developers and users have firmly established its position as a key player in the evolving Web3 landscape. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

SUI price dropped over 37.47% in the past month. Sui fails to build an engaging community. Bearish momentum impacts Sui’s inflationary model. Sui Mainnet, a new player in the competitive blockchain industry, is under bearish momentum since it has experienced a significant decline in its token price in recent weeks. Since its public launch in May, Sui has struggled to gain traction.It had a staggering 37.47% decline over the past month and a further 20% drop in just seven days. The situation worsened in the beginning of Q2 2023, when the token hit an all-time low of $0.5832, significantly below its initial launch price of $1.4537. SUI Price Chart (Source : Trading View) Unraveling Persistent SUI Price Dip Sui recently faced allegations of fraudulent practices and token manipulation.DefiSquared, a prominent crypto account on Twitter, claimed to possess evidence indicating that Sui’s team had falsified token emission numbers and had been selling tokens not intended for circulation on Binance, a major cryptocurrency exchange. Sui vehemently denied these accusations, but the negative impact on the token’s price and market sentiment was evident. Meanwhile, Sui Mainnet has struggled to build an engaged community around its project, further hindering its market sentiment. Critics have labeled Sui as a scam and expressed disappointment over the absence of an airdrop. That resulting in a negative perception among crypto enthusiasts. In an attempt to address concerns and regain trust, Sui Mainnet released a chart projecting the circulating supply over the next seven years. However, this effort did not receive positive attention from the crypto community, further undermining prospects for the project’s future success. Finally, as the team strives to overcome these obstacles, the future of Sui Mainnet hangs in the balance. As it aims to restore market confidence and establish a meaningful presence in the blockchain landscape.

Flare and aiPX join forces to revolutionize decentralized trading. Groundbreaking perpetual DEX launched on Flare’s network. Decentralization and user empowerment at the forefront of Flare and aiPX partnership. In a significant move forward for blockchain technology, Flare, the leading Layer 1 data-centric blockchain, has joined forces with aiPX, a spinoff of Level Finance. This synergistic partnership aims to launch a groundbreaking decentralized non-custodial perpetual exchange on Flare‘s network. Capitalizing on Flare’s Time Series Oracle (FTSO), aiPX will provide innovative solutions for collateral calculations and liquidation thresholds. Besides offering advanced trading protocol features like leverage trading and token swaps, aiPX also presents staking for protocol revenue share and user governance. Hence, traders can look forward to a more comprehensive, user-centric trading experience. Flare and aiPX: A Partnership Built on Shared Vision Sonic, CEO, and Co-founder of aiPX, expressed his enthusiasm for the collaboration. He emphasized the shared vision of aiPX and Flare, centered around decentralization, user empowerment, and data access innovation. “Flare’s commitment to decentralization and data accessibility makes building on their platform a no-brainer for us,” Sonic said. Moreover, Hugo Philion, CEO and Co-founder of Flare, reciprocated Sonic’s sentiments. Philion expressed his excitement about aiPX’s potential contributions to the expanding Flare DeFi ecosystem. Additionally, he highlighted how their shared commitment to decentralization and non-custodial products could leverage FTSO for collateral thresholds and liquidation calculations. Revamping Trading with the Power of Decentralization By harnessing Flare’s native network, aiPX will redefine the trading experience. Consequently, users can now enjoy seamless trading directly from their wallets. Notably, the initial liquidity pools for the new exchange will include WUSDC, WFLR, and WUSDT. More may be confirmed as Flare introduces fresh bridging models and more tokens become available. In conclusion, the partnership between Flare and aiPX signifies a considerable leap forward in the blockchain industry, particularly for decentralized exchanges. By focusing on risk management and innovative solutions for liquidity providers, they are all set to transform the landscape of decentralized trading. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Binance has evolved from a basic crypto trading platform into a comprehensive ecosystem. The crypto exchange is focuses on enhancing security through the implementation of machine learning and AI. Binance, a prominent cryptocurrency exchange, has evolved from a simple app and web page for buying and selling crypto into a comprehensive ecosystem of tools and information. With a focus on user needs, Binance has expanded its offerings, including educational content, an NFT marketplace, various wallets, and payment options. Binance was founded in 2017 and emerged as the world’s largest cryptocurrency platform, offering faster and more frictionless transactions. While the cryptocurrency industry is facing many scandals in various forms, the exchange is still improving its ways to reach more people. Also, the cryptocurrency exchange has implemented machine learning (ML) on its peer-to-peer (P2P) platform to detect suspicious language in communications. Additionally, Binance utilizes a combination of computer vision (CV) and AI for verifying user documents and videos during the KYC process. Moreover, Binance introduced an updated DeFi wallet, providing users with a wider range of choices for their preferred crypto wallet. Binance Effort Towards Stability The largest crypto exchange is actively working on enhancing security through the implementation of machine learning and AI. As well as improving transaction speeds and infrastructure. Binance’s customer-centric approach is evident through their responsiveness to user feedback. Leading to updates and innovations that address real customer problems. The exchange remains committed to making cryptocurrency accessible and continues to launch new features to cater to a wide range of users. However, Binance is currently facing a lawsuit from the SEC. The regulators filed 13 charges against the crypto exchange, with various actions. Including permitting high-value U.S. customers to engage in trading on the platform and exerting control over customer assets.

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that the team behind Startup Slang has joined its subsidiary, Metaverse Group. Metaverse Group will also have exclusive access to the “Shoppable” metaverse technology developed by Startup Slang that links in-game purchase transactions to Shopify Plus storefronts. Startup Slang was the first to connect a mobile game to a Shopify Plus store. This technology is the first of its kind and can be seen in the popular interior home decor game called “Design Home”. Design Home is a mobile game that has been downloaded over 100 million times in the Apple and Android app stores. The game allows players to decorate interior design spaces with pieces that can be purchased directly from popular interior decor brands in the physical world. This new technology further bridges the gap between the physical and virtual world using middleware solutions and creates a seamless shopping experience. This technology allows Metaverse Group to build customizable gamified experiences for brands looking to reach new audiences and sell their product in an immersive and seamless way. As leaders in web3 development, Metaverse Group’s services position brands to make an easy shift from two-dimensional to three-dimensional marketing. “We know that three dimensional marketing is the way of the future, this is evident with all the money tech giants like Apple are spending in creating wearable headsets,” said Andrew Kiguel, CEO of Tokens.com. “It has been challenging finding the right solutions to connect products in digital experiences to ecommerce but by acquiring the Startup Slang team and their IP, this gives Metaverse Group an added advantage to further enhance gamified shopping experiences.” “By joining our Shoppable metaverse technology with Tokens.com and Metaverse Group, we plan to scale these types of deployments and allow brands to add an additional ecommerce source of revenue to their businesses through the metaverse. This will be a pivotal move towards the public’s mass adoption of the metaverse,” said Damiano Raveenthiran, founder and former CEO of Startup Slang. Brands and businesses interested in learning more about new ecommerce offerings can contact [email protected]. About Tokens.com Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names. Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation. Visit Tokens.com to learn more. Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube. About Metaverse Group Metaverse Group is a web3 technology company with products and services that bring businesses to life in web3 environments, including metaverses, NFTs and the next iteration of retail, ecomm3. We integrate web3 technology solutions with a web3 marketing agency and virtual real estate development services so that our clients can own ecomm3, engage new audiences, and be first movers. The company also holds a vast metaverse real estate portfolio spanning over 10+ metaverses. Our expansive ownership of virtual land and relationships with different metaverses allow us to deliver category leading solutions that have been recognized by CNBC, CNN, Forbes, the Economist, and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group. For further information please visit https://metaversegroup.com. Forward-Looking Statements This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law Contacts Tokens.com Corp. Andrew Kiguel, CEO Telephone: +1-647-578-7490 Email: [email protected] Jennifer Karkula, Head of Communications Email: [email protected] Media Contact: Ali Clarke – Talk Shop Media Email: [email protected]

Visionaries of Independence Day, World of Warcraft, Warframe, and The Thirteenth Floor Join Forces to Create a Captivating Space Opera MMORPG with Accompanying Animated Shorts, Spinoff Games, and a TV Series LOS ANGELES–(BUSINESS WIRE)–Space Nation Inc., a pioneering force in the entertainment industry, announced today its transformative project that will redefine the gaming and entertainment industry. A visionary team comprised of Roland Emmerich (Independence Day), Jerome Wu (World of Warcraft), Tony Tang (Warframe), and Marco Weber (The Thirteenth Floor, Igby Goes Down) have united their creative forces to shape a next-generation transmedia franchise. This unprecedented endeavor introduces a captivating space opera MMORPG at its core, accompanied by a collection of immersive animated shorts, engaging spinoff games, and an epic TV series, all working in tandem to expand the vibrant universe and IP of Space Nation. Through this revolutionary blend of mediums, Space Nation aims to reshape interactive entertainment, offering players an unparalleled experience within a thrilling universe ripe with endless possibilities. “The landscape of entertainment is evolving rapidly, and we see an incredible opportunity to redefine its boundaries,” said Jerome Wu, CEO and co-creator of Space Nation. “With our collaborative efforts, we aim to transform the way content is consumed, shared, and experienced.” “Hollywood’s increasing interest in video games reflects a wider recognition of gaming’s popularity and storytelling potential,” said Roland Emmerich, co-founder and co-creator of Space Nation. “The expansive universe we’re building in Space Nation is a tremendous opportunity to captivate audiences wherever they consume entertainment with innovative new forms of storytelling.” At the heart of the Space Nation vision stands Space Nation Online, an immersive MMORPG that breaks new ground in gaming. It offers a unique gaming experience that prioritizes gameplay, seamlessly integrating cutting-edge Web3 technology to enhance the overall immersion. Space Nation aims to set a new standard for inclusive and engaging interactive entertainment, captivating gamers, Web3 early adopters, and sci-fi enthusiasts alike. This extraordinary game combines compelling storytelling, immersive gameplay elements, and state-of-the-art Web3 technology to deliver an unmatched experience. Within the vast and dynamic universe of Space Nation, players will embark on a journey of rich storytelling, engage in epic battles from day one, and shape a player-driven economy. “Space Nation Online represents a paradigm shift in gaming, where the capabilities of Web3 technology enhance the player experience,” Jerome Wu added. “Drawing from valuable lessons learned from the history of Web3 gaming, coupled with our two decades of experience in traditional MMORPGs, we firmly believe that blending the elements of entertainment and economic incentives is the optimal direction for the future of Web3 gaming. Throughout the meticulous three-year development of the game, our unwavering focus has been on creating immersive gameplay and placing fun-first as our guiding principle, while leveraging Web3 technology and tools to enrich the player journey.” In Space Nation Online, players assume the roles of ship captains, embarking on an epic journey to unravel the mysteries of the Telikos Cluster and immerse themselves in the unfolding grand space opera. Set against a backdrop of a vibrant and diverse universe, inhabited by alien species and driven by three main factions with distinct ideologies and goals, players will venture into the uncharted depths of space, where endless possibilities await. Space Nation Inc. has also received substantial backing from its partners and venture capitalists, with an impressive $50 million already invested in the game’s development. Notable investors such as Chain Hill Capital, Foresight Ventures, Lighthouse Capital, SevenX Ventures, HashKey Capital, Arcane Group, Initiate Capital, JDAC Capital, Assembly Partners, and Cristian Manea have contributed to the project. This diverse range of investors reflects the widespread enthusiasm and confidence in Space Nation. As the company prepares for the final round of funding in the Fall, Space Nation solidifies its financial support and sets the stage for a successful launch. As an MMORPG incorporating Web3 technology, Space Nation Online will be the first to launch globally with such an exceptional level of financial investment. Space Nation Online’s alpha test is slated for August 2023, marking an exciting milestone in its development, paving the way for a highly anticipated commercial launch in Q2 2024. Further details regarding the animated shorts, spinoff games, and TV Series will be unveiled at a later date, building anticipation for the expansive transmedia universe of Space Nation. For the latest information on Space Nation Online and the universe built around it, please visit https://spacenation.online. You can also keep up with the team on social media via Twitter, YouTube, and Discord. About Space Nation Space Nation Inc. is a pioneering force in the entertainment industry, proudly presenting their next-generation transmedia franchise. At the heart of this franchise is Space Nation Online, an extraordinary space opera MMORPG that pushes the boundaries of gaming. With a strong emphasis on fun and immersive gameplay, the team seamlessly integrates innovative Web3 concepts and technologies to elevate the player experience. Founded by gaming industry veterans Jerome Wu and Tony Tang, alongside Academy Award-winning filmmaker Roland Emmerich and media entrepreneur Marco Weber, Space Nation Inc. is committed to delivering exceptional interactive entertainment that captivates audiences worldwide. Contacts BerlinRosen [email protected]

Mind Network, a cutting-edge platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its seed round fundraising, raising $2.5 million. The funding round included participation from Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital, and other distinguished investors. Binance Labs, the VC and Incubation arm of Binance, made their investment in Mind Network through the Binance Labs Incubation Program. Mind Network has established itself as a frontrunner in the Web3 space, empowering users with end-to-end encryption and granting them full control over their personal data, financial transactions, and user interactions. By integrating the principles of Zero Trust Security, Zero Knowledge Proof, and their proprietary Adaptive Fully Homomorphic Encryption techniques, the platform ensures robust protection and access control within the decentralized ecosystem. “We are thrilled to receive the support and confidence of such esteemed investors,” said Mason, a representative of Mind Network. “This funding will enable us to further advance our groundbreaking technology and expedite the adoption of our platform across various industries, ensuring global data privacy and ownership for our users.” As a participant in Binance Incubation Program Season 5, Mind Network has benefited from the expertise and guidance of Binance Labs, the VC and incubation arm of Binance. Additionally, the company has been selected for the esteemed Chainlink BUILD Program, reinforcing their dedication to building a Web3 ecosystem rooted in data privacy and ownership. “We are excited to welcome Mind Network to our ecosystem,” commented Oliver Birch, Global Head of Chainlink BUILD. “Their innovative approach to data security aligns with our mission, and we eagerly anticipate collaborating with them to shape the future of decentralized applications.” Mind Network has formed strategic partnerships with industry giants, including Chainlink, Consensys, and Arweave, providing a solid foundation for the platform’s growth. These partnerships have also facilitated early support from global banks, insurance companies, and various dApps and protocols. Mind Network has assembled a formidable team comprising accomplished leaders in their respective fields. The Chief Technology Officer, George, conducted research at Cambridge University, and his cryptographic research has been adopted by the United Kingdom government and major banks. Dennis, the Chief Security Officer, made history as the first white hat hacker to breach Tesla’s security in 2014. The rest of the team consists of seasoned entrepreneurs, acclaimed scientists, and Web3 marketing veterans. With the successful completion of the seed funding round and the ongoing support from partners and investors, Mind Network is well-positioned to advance its mission of enhancing data security, privacy, and ownership in the Web3 era. For more information about Mind Network and its groundbreaking technology, please visit: Website: https://mindnetwork.xyz/ Twitter: https://twitter.com/mindnetwork_xyz Medium: https://mindnetwork.medium.com/ Gitbook: https://mind-network.gitbook.io/mindnetwork/ Discord: https://discord.gg/UYj94MJdGJ Telegram: https://t.me/MindNetwork_xyz Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

New Service Offers Unrivaled Protection for Azure DevOps Users COPENHAGEN, Denmark–(BUSINESS WIRE)–#Canada—Keepit, the market leader in cloud data protection and management, today announced the launch of its new backup and recovery service for Microsoft Azure DevOps. Keepit is the world’s only independent, vendor-neutral cloud dedicated to Software-as-a-Service (SaaS) data protection with a blockchain-verified solution, and the Azure DevOps service adds to the company’s already industry-leading coverage for Microsoft’s cloud services. “Azure DevOps has limited disaster recovery coverage. If a company loses its Azure DevOps data, it loses access to development operations, which means it loses the ability to track, document and deliver what software it’s building. Those losses can have a severe impact on the development team’s productivity and ability to deliver to its customers,” said Paul Robichaux, Keepit’s senior director of Product and a Microsoft Most Valuable Professional (MVP). DevOps is a set of practices that combines software development (Dev) and IT operations (Ops) and is characterized by key principles of shared ownership, rapid and continuous deployment, workflow automation, and rapid feedback. It is a way of thinking, collaborating and driving effectiveness and efficiency in software development, with a goal of delivering software more quickly while maintaining high quality. Azure DevOps (ADO) is Microsoft’s solution for implementing DevOps and supports a culture and set of processes that bring together developers, project managers, and individual contributors. Tools available as part of the Azure DevOps suite include Azure Boards, a standalone service that helps teams plan, track and discuss work across the entire software development process, and Azure Pipelines, which provides build and release services to support continuous integration and delivery of applications. With its simple, fast and flexible Azure DevOps backup and recovery service, Keepit safeguards these workloads against large-scale disasters and provides its customers with the following: The most comprehensive protection and quickest recovery for Azure DevOps Boards and Pipelines data and metadata Protection for Azure boards – including work items, boards, backlogs, team sprints, queries, and delivery plans Restoration with full metadata, including comments, custom fields and attachments Rapid restoration of critical continuous integration and continuous development/deployment (CI/CD) automations and Pipelines to a known-good state Immutable storage of data in Keepit’s ISO 2700-certified private cloud, providing long-term immutable archive or escrow copy of sensitive ADO data Granular protection that delivers speedy recovery, including for accidental deletions or changes, to minimize disruption to mission-critical activities Compliance with various data protection regulations. Robichaux added, “Keepit’s fine-grained, incremental coverage protects against both ‘Oops’ scenarios and large-scale incidents. Our Azure DevOps backup and recovery service will enable businesses to protect their software development operations as an add-on to the coverage we offer for Microsoft’s cloud services. We are excited to include this in our already robust stable of offerings for our clients.” With its unmatched ease of use, fast restore features that minimize downtime, and cost-effectiveness, Keepit continues to be the solution that organizations rely on to protect their cloud-based data. For more information on Keepit’s backup and recovery for Azure DevOps, visit keepit.com. About Keepit Keepit is a Software-as-a-Service company that provides dedicated data protection for companies with data stored in the cloud. Keepit is the world’s only vendor-neutral and independent cloud dedicated to SaaS data protection. Headquartered in Copenhagen with offices and data centers globally, Keepit is trusted by thousands of companies worldwide to protect and manage their cloud data. For more information, visit www.keepit.com or follow Keepit | LinkedIn. Contacts RedIron PR for Keepit Kari Ritacco [email protected]

The world of blockchain has exploded over the past 10 years, with widespread development, technological advances, and public support streamlining the evolution of this field. Over recent years, blockchain has become a global player, with decentralized applications built on Web3 growing in locked-in value, transaction count, and activity. However, despite the huge leaps that the Web3 industry has made over the past few years, development speeds and ease still pale in comparison to Web2 deployments. While Ethereum’s developer toolboxes help streamline development, they still fail to offer the same infrastructure and architecture that Web2 developers can access. Fleek aims to change that, providing a comprehensive ecosystem and multi-service decentralized edge protocol upon which developers can create and run cloud-like services. Overcoming previous infrastructural barriers, Fleek offers a nuanced and out-of-the-box solution for developing fully decentralized cloud-like web services and dApps. In this article, we’ll explore Fleek, its history, its main features, and how it’s rapidly becoming the go-to ecosystem for Web3 infrastructural development. Introduction to Fleek Fleek is a Web3 hosting and storage development company, offering a simple, modular, and multi-service decentralized edge protocol. With Fleek, developers can create and run cloud-like web services and build Web3 apps with ease. Developers can build any web service on Fleek, including serverless functions, compute, CND, bandwidth, and more. Fleek provides the Web3 infrastructure that overcomes the complexities of current Web3 technology. By creating a better environment where developers can create and deploy their applications. Fleek aims to create a Web3 development system that mirrors what’s currently available in Web2. It facilitates the rapid creation of applications. Solving the lack of cohesiveness across distinct Web3 infrastructure, Fleek provides a connective experience that makes it as easy as possible for developers to create in this new iteration of the internet. What’s more, Fleek is currently putting applications on chain, allowing for a more decentralized and accessible system for users. This concept is called NFAs (Non-Fungible Applications), allowing users to mint a copy of an application and load its code from the NFT itself. As an advanced infrastructural system, Fleek overcomes the central problems that face the world of blockchain construction. Decentralized, effective, and scalable, Fleek is a powerful solution for builders. How Did Fleek Come to Be? Fleek was founded in 2019 and was originally called Terminal. Terminal was an effective development platform for Ethereum. Wanting to push beyond this singular function after recognizing the current limitations within Web3 infrastructure, Fleek then rebranded to a Web3 hosting and storage business. Fleek had the aim to make building the web services of Web3 as easy as possible. They obtained around $25m in series A funding from Polychain and other infrastructure protocols to create an ecosystem around the Fleek Network. Since then, Fleek has continued to scale, advancing its offering and increasing the number of services it supports. In 2023, Fleek is a fully-fledged Web3 infrastructural ecosystem, providing developers with everything they need to build reliable applications on Web3. What Problem Does Fleek Solve? Although the world of blockchain has made impressive progress over the past decade, it still doesn’t come close to the ease of developing within Web2 environments. Web3 lacks infrastructural flexibility, is deeply disconnected, and is currently untamed. Fleek aims to solve these issues, providing a complete ecosystem of infrastructure and tools that allow builders to create, deploy, host, store, and power entire Web3 applications. Fleek provides a multi-service blockchain network that takes the best of systems like Ethereum and offers the same seamless and serverless development. Yet, developers can also use Fleek for web services and cloudless activities, scaling the efficiency and capabilities of Web3 development. Fleek offers a range of services that allow developers to innovate their building strategies. It facilitates development within decentralized architecture, and unlocks a range of efficiency opportunities. Developers have access to a vast selection of Fleek services, helping them to rapidly create impactful Web3 applications. Across cloud-like services like hosting, IPFS, IPNS, storage, and more. Fleek is continually expanding its offering to accommodate more specific developer needs. Key Features of Fleek Beyond just addressing and overcoming infrastructural issues that Web3 currently has, Fleek allows developers to push beyond, creating a uniquely user-friendly and effective development space. Within Fleek, users will have access to all of the architecture that they need to create decentralized applications and host them. There are a few core features of Fleek which make it stand out from the crowd: NFAs Hosting Storage ENS Domains Let’s break these down further. NFAs NFAs, also known as non-fungible applications, are a new standard that Fleek brings to Web3. These bring apps onto the chain, storing them on IPFS and allowing builders to create a multi-access point application. With NFAs, users will be able to get personal decentralized access to apps that they collect. Currently, dApps depend on a main DNS URL, which is completely centralized and hosted on Web 2 infrastructure. The NFA system will create a new way to distribute and access applications. It provides an innovative approach that benefits users, builders, and hosts. Hosting Hosting is a powerful feature of the Fleek ecosystem, allowing developers to deploy, and host. And sustain censorship-free sites on the open web. Fleek has made the hosting system as easy as possible, allowing developers to get started and deploy their own site in a matter of seconds. In three steps, developers can deploy their site to this decentralized space: Connect a repository from sites like GitHub Add and create build settings Deploy a site and watch it go live. With GIT integration, auto SSL features, and collaborative workspaces, hosting is a core part of the Fleek ecosystem that developers can benefit from. By using the revolutionary edge network, developers are empowered to access distributed p2p tech (IPFS) that provides world-class response times. With over 150 locations globally, a 10x performance boost compared to IPFS directly, and 99.99% uptime, Fleek is a great hosting solution. Fleek Hosting provides powerful decentralized infrastructure. Storage Fleek allows developers to store, upload, pin, and fetch files from IPFS rapidly and easily. Offering CLI, UI, and SDK interfaces, developers can use whichever approach they prefer to easily upload files and interact with them. Fleek uses Fleek Edge, built-in CDN, and Fleek Storage to create a comprehensive storage system for businesses, applications, and customers. Fleek offers incredibly fast storage, allowing everyone to access the files and resources they need faster than ever before. When compared to direct retrieval from IPFS, Fleek’s system is over 10x faster and offers users a simplified experience. Fleek’s CLI & SDK are also AWS S3 compatible, allowing for rapid integration and movement between S3 and OPFS. Prioritizing ease of access, Fleek is also developer friendly and compatible with any programming language. ENS Domains Fleek allows developers to create and add ENS domains to their sites on IPFS. If you’re looking for a truly decentralized experience, the Ethereum Name Service domain name will allow you to create your site. What’s more, you will never have to worry about updating your IPFS content hash after deploying, as Fleek manages this automatically. There are only three steps to linking your ENS domain in Fleek, making the process as user-friendly as possible: Create and add an ENS domain to a site Set up an IPNS record Deploy the site and watch as it is automatically updated. Fleek allows you to create truly decentralized websites that are censorship resistant, distributed, and fully user-owned. Especially considering it only takes around 30 seconds to deploy a site, this is an impressive architectural feat. Final Thoughts Despite advances in the field, developing in Web3 is still much more challenging than Web2 counterparts, leading to developer frustration, ineffective build cycles, and overtly complicated efforts to decentralize. Over time, these challenges have started to wain, especially with the introduction of infrastructural tools that specifically aim to help empower Web3 developers. Fleek is an innovative infrastructural platform that offers a world-class multi-service decentralized edge protocol. By offering developers easy-to-use infrastructure, abstracted experience, and a decentralized network to build and host any number of web services, Fleek gives this industry the flexibility it needs. With Fleek and other infrastructural tools, simplicity, scalability, and efficiency are finally arriving in the world of Web3 building.

U.S. Securities and Exchange Commission claims SOL a Security. Genesis General Counsel of Solana questions SEC’s description of SOL coin. Ryón Nixon, a founding partner of leading blockchain law firm Horizons Law and Consulting, has tweeted that the SEC’s characterization of SOL as being “labeled as a security is inaccurate.” Nixon, who served as Solana’s genesis general counsel (but who no longer currently represents Solana Labs/Foundation). He issued the tweet thread on June 28 claiming that “the SEC is wrong to characterize SOL as a security.” Also, he stressed that while he no longer represents Solana, his views on the matter are strictly personal. Elaborating on the reasoning behind his logic. Nixon stated, “The Solana blockchain possesses some of the best tech in crypto, and accessing it requires the utility token SOL.” SOL is a Security? In a May 29 interview with TechCrunch, Roj Gokal, co-founder of Solana, expressed his company’s goal to achieve 10 to 100 times growth. This growth driven by forming partnerships with small businesses and focusing on infrastructure development. Source: developerreport.com According to Nixon, “Solana, the blockchain, does not work without SOL, the asset. SOL aligns all of the people in the ecosystem, serving as the base unit of account that powers on-chain transactions.” He also said that the Solana Foundation acts like a “flywheel in motion. And it is one of the most effective flywheels in crypto.” Importantly, while the Howey Test is important in some respects, re: SOL and other digital assets. Howey cannot be effectively, rationally or consistently applied to an asset as complex, ephemeral and multi-faceted as SOL.” Further, Nixon says that because “there is no gatekeeper controlling who builds on Solana,” it fails to meet the three components set out by the SEC. “Howey is also outdated,” Nixon concluded, “Ultimately, this fight will make the community stronger and more resilient than ever. Solana will continue to change the world.” Currently, the Solana price stands at $16.46 USD, accompanied by a 24-hour trading volume of $267 million USD. It currently holds the #10 rank on CoinMarketCap, up 2.36% over the last 24-hours.

5 best meme coins to invest in July are DOGE, SHIB, PEPE, FLOKI, AIDOGE. The overall meme coin market cap is $14.8 billion. The popularity of meme coins has soared since the emergence of the Twitter CEO Elon Musk favourite Dogecoin (DOGE), captivating the crypto world with their unique appeal. Also, the cryptocurrency landscape is dynamic, which is constantly introducing new coins to the market. Among these, meme coins have gained significant traction, due to their social media trends. However, during this crypto spring, seasoned crypto investors often wonder about the meme coins that offer the potential for achieving significant gains, with some aiming for at least a 10x return. This article presents a concise overview of the 5 best meme coins that are Shiba Inu, Dogecoin, PEPE, FLOKI, and ArbDoge AI to consider for investment in 2023. Drawing from the insights of crypto insiders, market trends, reputable media sources, and specialized analysts, these coins exhibit potential for growth and widespread adoption. Dogecoin (DOGE) Market Cap: $8.7 billion Trading Volume 24-H: $265 million Dogecoin is the first meme token that entered the crypto market and gained attention since 2021 due to the endorsements from celebrities like Elon Musk. Following that, DOGE market cap surged to highs and became a 10 cryptocurrencies list. Dogecoin (DOGE) Price Chart (Source: Tradingview) At the time of writing, DOGE/USD spot price was $0.06272 with a price surge of over 4% in the last 14 days. But the Dogecoin price declined around 3% in a day and 8% in a week. However, DOGE is currently in oversold state which means DOGE sends out a buy signal. Shiba Inu (SHIB) Market Cap: $4.2 billion Trading Volume 24-H: $1.3 million Shiba Inu coin, also known as $SHIB, has surged in popularity by leveraging its connection with the SHIB Army. The meme token was launched in 2020, with the aim of creating a decentralized platform driven by its community of token holders. However, the whole Shiba Inu community is awaiting for the upcoming layer 2 blockchain “Shibarium,” which is currently in puppy version. Also, crypto investors believed that the Shiabrium will be most effective in SHIB price. Shiba Inu (SHIB) Price Chart (Source: Tradingview) According to CoinMarketCap, Shiba Inu traded at $0.000007262 with a price rally of more than 10% in the last 14 days. At the time of writing, Shiba Inu price fell around 2% in the last 24 hours. Pepe Coin (PEPE) Market Cap: $595 million Trading Volume 24-H: $157 million Pepe Coin, is new meme cryptocurrency, that generated significant excitement and swiftly reached a market capitalization of $1.6 billion. Also, PEPE investors gained more than 90% of returns. Nevertheless, a recent decline of approximately $1 billion in market capitalization underscores its short-term nature and highlights the inherent volatility of the cryptocurrency market. Pepe Coin (PEPE) Price Chart (Source: Tradingview) But still, crypto investors have faith in the meme coin. At the time of writing, $0.000001422 with a price surge of more than 64% in the last 24 hours. However, Pepe also traded down today around 8% due to the market volatile. Floki (FLOKI) Market Cap: $238 million Trading Volume 24-H: $17 million In the top 5 meme cryptocurrency list we have FLOKI in 4th place. FLOKI is a groundbreaking meme coin that takes inspiration from Elon Musk’s dog. Combining elements of decentralized finance, non-fungible tokens (NFTs), and the Metaverse. Also, recently the altcoin gained momentum while Musk’s dog grabbing Twitter CEO title. Floki Inu (FLOKI) Price Chart (Source: Tradingview) According to CoinMarketCap, FLOKI currently traded at $0.00002397 with a price increase of 14% in the last two weeks. Today FLOKI price declined by 5% ArbDoge AI (AIDOGE) Market Cap: $31 million Trading Volume 24-H: $5 million ArbDoge AI is not a conventional project but rather an experiment within the Arbitrum ecosystem. Also, the newly launched AIDOGE obtained a positive response from the Arbitrum community. ArbDoge AI (AIDOGE) Price Chart (Source: Tradingview) At the time of writing, ArbDoge traded at $0.0000000001477 with a price surge of around 3% in the last 24 hours. Also, AIDOGE price declined over 14% in the last two weeks. Recommended for you Dogecoin (DOGE) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023

~Bitcoin Reigns Supreme in Germany: Top Crypto Choices Revealed, Including Ethereum, NFTs, and Metaverse Projects ~ VICTORIA, Seychelles–(BUSINESS WIRE)–#crypto–KuCoin, a leading cryptocurrency exchange, unveils the key findings of its highly anticipated Cryptoverse report on Germany, shedding light on the evolving landscape of the German crypto market. The comprehensive report, based on a survey of adult crypto investors aged 18 to 60 in Germany, highlights the remarkable trends and motivations driving the adoption of cryptocurrencies in the country. KuCoin’s report showcases a surprising surge in crypto interest, with 26% of German crypto users entering the crypto market in the past quarter. Leading the charge in recent engagement are Millennials, who are embracing cryptocurrencies as a potential investment opportunity despite the market downturn. The report also reveals that 49% of German crypto users are primarily motivated by long-term wealth accumulation. This finding underscores the growing recognition of cryptocurrencies as a viable asset class for investors in Germany, who see digital assets as a means of securing their financial future. Furthermore, the report highlights the increasing mainstream adoption of cryptocurrencies in Germany. A notable 28% of Gen Z users are utilizing digital currencies through credit cards or for online payments, indicating the integration of cryptocurrencies into traditional financial activities. This shift demonstrates the broader acceptance and convenience that digital currencies offer to the younger generation. In terms of preferred crypto choices, Bitcoin continues to reign supreme among German crypto users, followed closely by Ethereum, NFTs, and Metaverse projects. These findings signify the strong influence and appeal of these digital assets within the German market. “We are delighted to present our most recent Cryptoverse Report, showcasing Germany’s distinctive standing in the global crypto landscape. The country’s advantageous regulatory environment, marked by reduced uncertainty and a relatively crypto-friendly framework, has played a pivotal role in fostering cryptocurrency adoption among German citizens. This progress is further bolstered by Germany’s tech-driven, innovation-centric economic initiatives, the influence of prominent KOLs, and the existence of robust communities and well-established crypto media outlets. Moreover, the comparatively higher wealth of Germany’s population, in relation to other European nations, has facilitated a broader range of investment opportunities, ultimately paving the way for increased crypto adoption and continued growth in the sector.” – Dorian Vincelloni, Head of Europe Business Development KuCoin. KuCoin invites industry professionals, analysts, and investors to explore the full Cryptoverse report on Germany to gain deeper insights into the findings. Visit KuCoin blog to read the full report. Industry expert quotes on the report: Prices may fluctuate significantly on a temporary basis, but the report shows that the number of crypto users in Germany is steadily increasing. Contrary to the widespread assumption that cryptocurrencies are only a short-term speculation, the survey results reveal that around half of crypto investors want to hold their coins for the long term. This fact is more than positive. Doubts may be part of any new technology. This is no different with crypto. The survey results, on the other hand, prove that cryptocurrencies cannot be kept down, especially in Germany. No matter what happens, interest in cryptocurrencies is on the rise and younger generations in particular are aware of this change, as the survey results suggest. There is no way around cryptocurrencies in the long term. Those who understand this in time will be among the winners. – Sven Wagenknecht, Editor-in-Chief and Co-Founder at BTC-ECHO The German blockchain and cryptocurrency market is relatively new and still at a nascent stage. With the rise of FinTech, Germany was slower to adopt new payment technologies, causing them to miss out on certain opportunities. However, they are determined not to miss out on the blockchain revolution. To encourage blockchain startups and founders, the German government has been taking necessary steps. For example, the Federal Ministry for Economic Affairs and Energy has launched a blockchain strategy, which aims to create a supportive regulatory framework for blockchain-based businesses. The strategy also aims to promote research and development in this field. Overall, the German government is taking a proactive approach to encourage the growth of the blockchain and cryptocurrency industry. With the right support and investment, Germany has the potential to become a major player in this emerging field. It is no surprise that Germany is the most crypto-friendly country in the world overtaking Singapore in 2022. – Vijay Pravin, Founder and CEO of bitsCrunch About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Contacts For media inquiries or to request a copy of the report, please contact: [email protected]