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🇺🇸 LUMMIS: The Clarity Act is not a future priority; it is the priority.

🇺🇸 LUMMIS: The Clarity Act is not a future priority; it is the priority. News | Markets | YouTube

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⁠Metaverse firm implements NFTs into its Minecraft and GTA 5 servers “We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro.

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Have a good weekend? You must have not been paying attention to the crypto market. Get the full picture here:

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⁠British regulator lists FTX crypto exchange as 'unauthorized' firm The Financial Conduct Authority claims that the company “may be providing financial services or products without authorization.”

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⁠ETHW confirms contract vulnerability exploit, dismisses replay attack claims The proof-of-work fork of the Ethereum blockchain was targeted by a cross-chain contract exploit.

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⁠Crypto market bloodbath leads to $432M in liquidation The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 4…

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⁠Decentralized exchange GMX suffers $565K price manipulation 'exploit' A founder of a DEX competitor to GMX said on Sept. 2 that an exploit could be pulled off on GMX which could leave GLP holders short. 16 days later, i…

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⁠Australian senator drafts bill aimed at stablecoin, digital yuan regulation Senator Andrew Bragg on Monday released a draft bill aimed at regulating crypto exchanges, stablecoins, and the digital yuan.

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⁠Sports sponsorship is helping legitimize crypto in Australia — Coinjar exec Luke Ryan of CoinJar says sporting partnerships “helps shift the image of crypto away from the idea that it’s only there as speculative mania.”

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⁠3 barriers preventing Web3 mass adoption — Trust Wallet CEO Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market.

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⁠Ripple, SEC case heads for conclusion after 'summary judgment' filed Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders.

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⁠Bandai Namco, SEGA among gaming giants eyeing blockchain gaming Big gaming firms are working to spur mainstream blockchain gaming adoption, and don’t want to “change that policy” even if it causes pushback from some.

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⁠Terra co-founder Do Kwon says he’s not ‘on the run’ Kwon didn’t reveal his whereabouts in a series of Tweets responding to claims he fled Singapore after an arrest warrant was issued on Wednesday.

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⁠DAOs will never work without fixing governance Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models.

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⁠Business owners should get off PayPal and move to the blockchain Cryptocurrency platforms offer lower fees and more convenience than their corporate competitors. That’s a boon for entrepreneurs.

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⁠Influential celebrities that joined the crypto club over the past year Despite the prolonged bear market and an evident dip in cryptocurrency prices, celebrities continue to pour in support for the crypto market.

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⁠Profanity tool vulnerability drains $3.3M despite 1Inch warning 1Inch's investigations pointed out the ambiguity in the creation of vanity addresses, suggesting that Profanity wallets were secretly hacked.

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⁠Flashbots build over 82% relay blocks, adding to Ethereum centralization BitMEX, too, highlighted the need for a complete redevelopment of Flashbots or a similar system to mitigate unforeseen complications in an era aft…

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⁠South Korean ministry recommends enactment of special Metaverse laws The MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems.

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⁠Coinbase is fighting back as the SEC closes in on Tornado Cash Six individuals are challenging the Treasury Department. Two seemingly separate stories. One terrifying precedent. It’s all about privacy.

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⁠How to earn passive crypto income in a bear market? Do you know how to take advantage of a bear market? Where inexperienced traders tend to panic, the optimistic ones see an opportunity to make money.

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⁠Golden cross vs. death cross explained Sometimes trading slang can sound intimidating for inexperienced investors, but if you are in crypto, you want to be familiar with them. Let’s start with the golden cross and the d…

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⁠Beyond the NFT hype: The need for reimagining digital art’s value proposition The true potential of NFTs lies beyond profile pictures and art and into solving real-world use cases, implying the need for brainstorming fr…

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Ethereum is eating the world — ‘You only need one internet’ ZK rollups could enable the entire world's finance system to run on Ethereum. So is there still a need for any another blockchain than ETH?

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⁠Bitcoin better than physical property for commoners, says Michael Saylor Saylor underscored the high maintenance costs and taxes linked with owning and inheriting physical property over the long term, which in the case…

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⁠White House OSTP department analyzes 18 CBDC design choices for the US The technical analysis of the 18 CBDC design choices was made across six broad categories — participants, governance, security, transactions, data a…

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⁠Wallets like MetaMask need to become more user-friendly Most wallets feel like they were created for developers. That’s becoming a bigger problem in terms of both practicality and security as crypto adoption increases.

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⁠DOJ publishes second report on EO digital asset crime, announces new expert network The U.S. Justice Department has published another report on crypto crime with detailed recommendations for legal reform; it has also fo…

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⁠Sports Metaverse company secures $200 million funding The company said the funds will support the building of virtual sports cities around the world.

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⁠Binance partners with Ukrainian supermarket chain to accept crypto through Pay Wallet. Customers who use the Binance Pay Wallet to pay for their orders will be eligible to enter a rewards program.

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⁠US Treasury publishes laundry lists of crypto risks for consumers, national security The Treasury Department was downbeat on crypto in two publications produced in response to the president’s executive order on digital…

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