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The Arbitrum Foundation plans to set aside approximately $400 million over two years to promote gaming projects through its new "Gaming Catalyst Program". The project, which is awaiting approval from the Arbitrum DAO, will primarily use the funds to encourage builders and publishers to create video games using its blockchain. The foundation believes this strategy will attract quality game creators and retain new users within Arbitrum.
Hong Kong's Securities and Futures Commission (SFC) has added crypto exchange Bybit, along with 11 of its products, to its list of suspicious investments. The SFC warned that Bybit is unlicensed and investors risk losing their entire investments on the platform. The move is part of Hong Kong's efforts to balance investor protection with its aim to portray itself as a global crypto hub.
Crypto wallet Zerion is developing an Ethereum-based L2, ZERO Network, anticipated to launch in late Q2 or early Q3 of this year. It aims to offer free transactions to improve the user experience and accessibility for newcomers. Zerion believes the cost of subsidizing transactions will decrease over time with technological improvements and the network will increase its wallet's visibility, generating additional revenue to offset expenses. It expects to share the cost of subsidizing transactions with dapp developers.
Blockchain-based platform Story Protocol has joined forces with AI startup Ritual to enable the creation and documentation of AI models. Story Protocol will use its IP-tracking system to register AI models created by Ritual's users. Modeling platform MyShell will be the first to host its models on Ritual as IP Assets on Story Protocol, which ensures protection for usage, branding, and profit sharing.
This post lays out some of the issues with the current monopolization and fragmentation within the industry and a potential solution for it. The existing infrastructure is limited to specific activities and ecosystems, causing inefficiency and lack of trust for both users and developers. Mitosis proposes a scalable solution to unlock the full potential of locked assets, enabling broad network coverage and solidifying security design. By addressing these issues, the protocol intends to enhance yield for LPs, user experience, and connectivity for developers.
This thread lays out top altcoin picks for a potential ‘altcoin summer’. The choices span a variety of sectors, including AI, DeFi, and more. Some noteworthy picks include Bittensor and io.net in AI, EigenLayer and Kelp DAO in restaking, Chainlink and Frax Finance in DeFi, and Solana and Kujira as L1 solutions.
A recent survey by Paradigm revealed the growing importance of crypto in the US, indicating policymakers should be paying attention. The poll suggests that dissatisfaction with traditional financial institutions is driving people toward crypto, with 19% of respondents owning it. Ownership is highest amongst college graduates and minorities. The survey also shows that crypto holders make up a significant voting bloc, enough to potentially influence election outcomes, indicating political parties should develop thorough crypto policies.
Analysts forecast that the cryptocurrency market cap might reach $7.5 trillion by 2025, a threefold increase from today’s prices. This is predicted to be primarily driven by Bitcoin and Ethereum due to higher institutional adoption. The analysts also expect Robinhood's stock to outperform, courtesy of the crypto comeback, with its crypto revenues increasing significantly.
Modulus encoded GPT2-XL, a 1.5 billion parameter AI, into the Ethereum blockchain and proved it with a zk proof.
A UK Judge ruled Dr. Craig Wright is not Bitcoin creator Satoshi Nakamoto, refuting Wright's long-standing claims about the identity and Bitcoin whitepaper.
In this interview, Farcaster's founder, Dan Romero, talks about how he aims to disrupt social media by leveraging nerd sniping, prediction markets, and diverse monetization strategies, including a user fee to reduce spam.
The SEC charged 17 individuals in a $300 million crypto Ponzi scheme that targeted 40,000 mainly Latino investors with false "risk-free" returns.