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The Privacy & Scaling Explorations team is excited to announce the winners of the Layer 2 Community Grants 2022. The Layer 2 Community Grants round started on October 24th, 2022 and was open for 6 weeks. In total we received 130+ proposals and thank each project for taking the time to apply. The wishlist compiled sought applications from all areas including Layer 2 explorers, cryptography, and education. This chart shows percentage of initial applicants by category: Due to the high quality of proposals, we raised the budget from an initial 750k USD to a total of 948k USD. The awarded…

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close.According to a settlement agreement filed in New York on Thursday, both parties have agreed to a $50 million penalty — a portion of the $125 million fine initially imposed last year by Judge Analisa Torres of the Southern District of New York (SDNY), and a tiny fraction of the massive $2 billion fine initially requested by the SEC.In her 2023 ruling, Judge Torres found that Ripple violated securities laws in…

OCC clarified that U.S. banks could hold, trade, or let third parties handle clients’ crypto assets.  However, the permissible crypto activities must happen within applicable laws.  The U.S. Office of the Comptroller of the Currency (OCC) has clarified that banks can trade or custody crypto assets like Bitcoin [BTC] on behalf of clients.  According to an interpretive letter issued on the 7th of May, the regulator also noted that national banks could let third parties handle the above services with clients’ permission. OCC doubles down on crypto Rodney Hood, the CEO of the OCC, added that banks could offer other…

Key takeaways:97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price.Short covering above $105,000 could trigger a Bitcoin price rally to new highs.Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 million in liquidations of bearish futures positions and eroded the value of nearly every put (sell) option. Traders now question whether Bitcoin is poised to break its $109,354 all-time high in the near term.Bitcoin put (sell) options open interest for May-June-July, USD notional. Source: Laevitas.chThe aggregate Bitcoin put…

Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains.The AI agent, named Mia (short for Movement in Action), is powered by Near.AI — an open-source AI model platform with crosschain capabilities. Integrated into the Sweat wallet, Mia helps users to bridge, swap and manage their crypto rewards without needing deep crypto knowledge..Sweat is rolling out support for Base, Ethereum, Arbitrum and BNB Chain. Within the app, users can now bridge…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum has finally broken through a key resistance level, trading above $1,900 after pushing past the long-standing $1,850 barrier. This move marks the beginning of a breakout many hoped for—but few expected to arrive so soon. After weeks of…

After a week of bullish trend in the altcoin sector, a number of tokens native to various blockchain networks delivered impressive gains in the last seven days, particularly those in the Ethereum ecosystem, BNB Chain, and Arbitrum.  Ethereum Ecosystem Sees Strong Gains with VRA and MOG Leading the Altcoin Market The Ethereum-based tokens were in the spotlight this week, with five coins recording a surge in their value. VRA (Verasity) is the best performer in this group, increasing by 71.10% and having a market capitalization of $33.3 million. Just behind it, MOG shot up 48.30% and a new market cap…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies throughout this cycle. Building on this technical signal, a crypto…

Withdrawals are imminent. tl;dr Shanghai+Capella (aka Shapella) is on the horizon. Stakers, node operators, infrastructure providers — pay attention and test!The Academic Grants Round is live! Applications are due by February 27, 2023 Shapella on the horizon 🌅 After much testing and development, the Shanghai+Capella (Shapella) mainnet upgrade is moving into the final pre-launch sequence — public testnets! The Zhejiang testnet is live and available for stakers and users to test Shapella today. And, the first of the long-standing public testnets — Sepolia — is scheduled to go through the upgrade on February 28th. Shapella contains many features, but most…

0Adidas has launched a new set of non-fungible tokens (NFTs) as part of its latest move into Web3, partnering with “Xociety,” a third-person crypto shooter game with RPG elements. The collection includes limited-edition in-game skins inspired by “ALTS by adidas,” and will be minted on the Sui L1 blockchain. These NFTs will appear in the form of mystery boxes and will be available for minting on Tradeport starting May 16 at 9 a.m. ET.The mystery boxes, limited to 2,600 units, are available in two types: the “adidas Pack” (2,000 units), priced at $129.99, and the discounted “Partner Pack” (500 units) for…