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What to Expect from Ethereum’s Pectra Update?
Slated for February 2025, the Pectra update could redefine how users engage with decentralized services on Ethereum’s network.
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The Ankr Project and ANKR Token: Features and Prospects
Ankr is a trailblazing platform equipped with its proprietary blockchain, developed specifically for node hosting and as a supplier of Web3 infrastructure. It provides developers with the essential tools and resources they need to create decentralized apps and networks. Sotheby’s Sells All Vera Molnár’s Art Within an Hour!
Sotheby’s Gen Art Program, featuring works by the 99-year-old artist Vera Molnár, made a sensational debut, with all pieces selling within an hour above the base price of 1.5 ETH.
The auction culminated in 631 ETH, equivalent to $1.2 million.
Molnár’s artworks present intricate algorithmic transformations, converting hand-drawn variations of letters N, F, and T into captivating black-and-white graphics with mesmerizing color combinations. 
Coinbase CEO supports crypto regulation bills
Brian Armstrong has publicly urged US residents to actively support the 21st Century Financial Innovation and Technology Bill, which promises to bring much-needed clarity to cryptocurrency regulation.
Armstrong emphasized that it is ordinary Americans who can have a decisive impact on the outcome of the vote by sending an email to their representatives asking them to support the bill.
In a more detailed statement, Coinbase added that the bill, in addition to protecting consumer rights and enhancing national security, has the potential to spur job creation in the US. Elon Musk Takes Control of 16-Year-Old Twitter Account @X
Hwang, co-founder of Orange Photography, had been the proud owner of the one-letter Twitter handle until the recent Twitter rebranding. As recently as Tuesday, he asserted that no one had attempted to reach out to him, but now the account is being managed by Elon Musk's company.
According to reports from American and British media, the company not only took control of the account without prior discussion but also refused to offer any compensation. The only thing they offered Hwang was exclusive merchandise.
Later, Hwang wrote from his new account, "All's well that ends well." Federal Judge to Consider Revoking Bail for Sam Bankman-Fried
A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison.
Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial.
At a hearing in Manhattan federal court, prosecutor Danielle Sassoon argued that “no set of release conditions can ensure the safety of the community.” Significant Step by US House Panel for the Crypto Industry
The United States House panel has approved two bills that could provide regulatory clarity for crypto firms, addressing the jurisdictional differences between the U.S. securities and commodities regulators.
The Republican bill introduces a process for firms to certify with the SEC that their projects are decentralized, enabling them to register digital assets as digital commodities with the CFTC.
The bipartisan Blockchain Regulatory Certainty Act aims to remove hurdles and requirements for “blockchain developers and service providers” such as miners, multisignature service providers, and decentralized finance platforms.
Congressmen praised the passing of these bills as a “huge win” for the United States. Lawmakers Inch Closer to Stablecoin Regulations
U.S. lawmakers are reportedly close to creating a framework for regulating stablecoins, but a separate bill overhauling financial laws' treatment of crypto assets is facing opposition from Democrats who deem it too favorable to the crypto industry.
Top Democrats, including Rep. Maxine Waters, have expressed their disappointment with the market structure bill. Meanwhile, Republicans remain optimistic that ongoing negotiations may lead to agreement on stablecoin legislation. Craig Wright's Big Win: 1 Pound Compensation Secured!
Craig Wright, who asserts he is Bitcoin's creator, has lost his libel case appeal against Peter McCormack. Wright had claimed McCormack damaged his reputation by calling him a fraud who didn't invent Bitcoin.
Initially, the court found McCormack's comments defamatory but reduced damages to £1 due to Wright's conduct. The UK Court of Appeal upheld this decision, stating Wright failed to produce adequate evidence for his claims. 
Singapore High Court: Cryptocurrency Equated with Fiat Money
In a pivotal ruling on July 25, Judge Philip Jeyaretnam of the Singapore High Court declared cryptocurrency as personal property, placing it on par with fiat money. Judge Jeyaretnam's elucidation is notable for the legal status of digital assets.
It was stemmed from a case where ByBit accused its former employee, Ho Kai Xin, of illicitly transferring approximately 4.2 million USDT from the company's coffers to personal accounts. The court mandated Ho to return the funds to cryptocurrency exchange. 
FTX and Genesis Near Agreement Amid Bankruptcy
Bankrupt crypto firms FTX and Genesis have reportedly reached a preliminary agreement to settle outstanding issues. The companies have agreed to void all mutual claims.
This development was revealed in a letter sent to Bankruptcy Judge Sean Lane on July 27. The final decision and terms of the agreement, however, need to be officially approved by the court. Tragic Death of Spanish Crypto Influencer
The body of Spanish crypto influencer Fernando Perez Algaba was tragically discovered in Argentina. He had been declared missing since last Tuesday.
On July 23, children in Ingeniero Budge found a suitcase containing his amputated limbs. The police subsequently found his torso on the next day, and his head was located in a backpack on July 25.
The motive for murder was related to his debts. A note left by Algaba’s explained that he had lost a significant amount of money invested in cryptocurrencies. Faroe Islands Postal Service Releases NFT Stamps
The Faroe Islands Postal Service (Posta Faroe Islands) has launched a collection of NFT-embedded stamps. The set of four stamps is available for purchase at 400 DKK. The buyers will receive an equivalent number of digital versions in NFT format, alongside the physical stamps. Unplanned SUI Unlocking: The Guilty Party Identified?
The Sui Foundation has cut ties with decentralized exchange MovEx due to a contract breach involving the illicit movement of SUI tokens.
MovEx had received 2.5 million SUI tokens (around $1.6 million) for their work on the DeepBook exchange product, under an agreement involving a staged release of the tokens. MovEx, however, broke this agreement by making three transactions of 625,000 SUI to three different wallets without the Sui Foundation's consent or awareness.
Following the breach, MovEx's total SUI allotment has been moved to a custodial wallet to ensure the release adheres to the contractual schedule. 
What Is an Automated Market Maker (AMM)?
Think of an automated market maker as a critical software or protocol, the absence of which would render the operation of decentralized cryptocurrency exchanges virtually impossible. AMMs serve the crucial role of offering automatic, round-the-clock liquidity provisions on Decentralized Exchanges (DEXs) and various DeFi platforms, catering to a diverse array of cryptocurrency pairs. Robert F. Kennedy Jr. Reveals Personal Bitcoin Investment
US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it.
Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.”
During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential. Industry Leaders Collaborate for Responsible AI Governance
Tech leaders Google, Microsoft, OpenAI, and AI startup Anthropic are forming a new industry watchdog group, the Frontier Model Forum, to supervise the "safe and responsible" development of frontier AI models.
The alliance aims to push research on AI safety, pinpoint responsible development practices, collaborate with governments and civil leaders, and back the development of applications.
This move follows a commitment made by these AI companies to the White House for the safe and transparent development of AI. 
Immunefi: The Platform for White Hat Hackers
Immunefi, introduced to the world by Mitchell Amador in 2020, is a high-ranking platform within the realm of cryptocurrency bug-bounty operations. This dynamic initiative brings white hat hackers into play, hosting contests that allow them to unearth flaws in various blockchain projects and their corresponding smart contracts. UNIBOT Price Doubles in the Last Week
The Telegram trading bot, Unibot, is rapidly gaining popularity, thanks to its seamless integration with the decentralized exchange Uniswap and ETH payouts to token holders.
As the UNIBOT token soared to $170 its user base has surged to 6,500, and the daily trading volume has averaged $5.5 million. AI Showrunner: Creating South Park Episodes Starring You
Fable, the company leading the innovative project “The Simulation” for creating and advancing AI characters, presents AI Showrunner. This cutting-edge technology enables users to produce top-notch episodic content, including TV shows and series. Partisan Disputes Derail Progress on Stablecoin Regulation
US stablecoin legislation negotiations have stalled, with House Financial Services Chair Patrick McHenry blaming the White House. McHenry noted that the parties were closer than ever to a bipartisan deal after 15 months of talks.
However, Rep. Maxine Waters criticized the current stablecoin bill as "deeply problematic," voicing concerns about state regulators approving stablecoin issuances without Federal Reserve input. She also feared companies like Amazon and Facebook issuing their own digital currencies. Securitize Brings Tokenization to European Equity Market
Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September.
This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV).
Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits. 
The EOS Network Foundation is taking legal action against Block.o
The founder and CEO of ENF, Yves La Rose, officially announced this on Twitter. He claims that the company allegedly failed to fulfill its investment commitments totaling $1 billion.
According to Yves La Rose, this has caused significant financial and marketing issues for the EOS community, and he holds Block.one responsible as the original creator of the project. 
Reddit Introducing 4th Gen Collectible Avatars
The freshly minted line-up of collectible avatars, titled 'Retro Reimagined', is scheduled for a grand unveiling on July 26 at 3:00 pm Eastern Time. In the tradition of previous releases, this series will also make its debut on the Polygon blockchain. Users will have the ability to exchange these Non-Fungible Tokens (NFTs) via various external trading applications
On top of that, Reddit has given some tantalizing hints about future modifications coming to its treasure trove of collectible items. In the not too distant future, this store will be directly accessible from the avatar editing interface. At present, the store's offering is somewhat limited, with only a handful of third-generation selections available for purchase, each carrying a price tag of $4.99. KuCoin Squashes Rumours of Extensive Job Cuts
Yesterday, reports surfaced suggesting that KuCoin had dismissed 30% of its employees due to declining profits. However, the cryptocurrency exchange's representatives debunked these claims today, explaining that there was just a slight downsizing in line with their routine organizational strategy.
"To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic," asserted Johnny Lyu, the Chief Executive of KuCoin. UK's National Crime Agency Seeks Experienced Crypto Investigators
The National Crime Agency (NCA) is actively recruiting financial investigators with a crypto-edge. To do that, you have to be an accredited financial investigator (AFI), possessing skills in blockchain analysis, and comprehending pertinent legislation. Optimism announced Law of Chains v0: a foundation for the future
Optimism announced Law of Chains v0: a foundation for the future of Superchain.
Law of Chains v0 will change Optimism Governance to govern standards for multiple chains, defining the necessary conditions for integration into Superchain and prioritizing user security. According to the developers, this will:
1. Preserve a unified, neutral, and open blockchain space.
2. Conduct blockchain modernization.
3. Ensure infrastructure availability.
Optimism aims to officially unveil this project and the first version of the new chain governance process after discussions with the community in the next governance season. Never miss any of the latest cryptocurrency news, in-depth crypto market analysis, and breaking updates on blockchain technology. From Bitcoin price trends to emerging NFT projects and DeFi developments, GNcrypto has everything to keep you informed and ahead. Stay informed and ready to seize the next big opportunity in the crypto world!