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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. 
Blockchain Use Case Repository Launched by Polygon Labs
Seeking to illustrate the practical value of blockchain beyond the realm of cryptocurrencies, Ethereum scaling solution, Polygon Labs, has unveiled a unique initiative called "The Value Prop." This project serves as an open database, collating and highlighting beneficial blockchain applications from across the globe. 
Solana Foundation Embraces AI on the Solana Blockchain
Solana Foundation is revolutionizing the Solana blockchain ecosystem with the integration of artificial intelligence (AI). In a recent discussion between Solana co-founder Anatoly Yakovenko and Jonathan Abramovich from Solana Foundation, the potential of AI on Solana was explored, highlighting its impact on user interactions and decentralized applications. New US Senate Bill Eyes Strict AML Rules for DeFi
The U.S. Senate is considering a new bill aimed at imposing strict anti-money laundering (AML) rules on decentralized finance (DeFi) protocols.
The Crypto-Asset National Security Enhancement Act of 2023 targets entities controlling DeFi protocols or providing their applications. It requires customer vetting, AML programs, and reports of suspicious activities.
In absence of a controlling entity, anyone investing over $25 million in a protocol's development would be responsible. 
Artificial Intelligence for Trading
The cryptocurrency community has exhibited a profound curiosity in novel artificial intelligence tools, intending to pioneer fully self-sufficient bots for cryptocurrency trading. The spotlight is on groundbreaking applications such as BabyAGI and AutoGPT, which are crafted on the foundation of the GPT-4 API. 
Firms Refile Applications for Spot Bitcoin ETFs
On Friday, Fidelity Investments and several other firms submitted revised applications for spot Bitcoin exchange-traded funds (ETFs) after the US Securities and Exchange Commission (SEC) deemed the initial filings inadequate.
The companies, including Invesco, VanEck, 21Shares, and WisdomTree, are part of a group of eight firms aiming to launch the first wave of US spot Bitcoin ETFs.
BlackRock kickstarted the trend with its unexpected filing in mid-June.
In the latest filings, all five firms indicated that Coinbase Global Inc. will provide market surveillance for their ETFs, a detail that was missing from their previous applications. 
Crypto Subreddits Protest Reddit’s Policy Changes
In response to Reddit’s proposed modifications to the Reddit Data API, numerous sub-communities on the platform, including popular crypto subreddits, have collectively decided to go private for 48 hours. The protest aims to express discontent with the new policies that restrict the use of third-party applications. High-Risk AI Faces Potential Ban in Australia
In response to global concerns surrounding the rapid development of artificial intelligence (AI), the Australian government has launched an urgent eight-week consultation to determine if any "high-risk" AI applications should be prohibited. This initiative follows similar actions taken in the United States, the European Union, and China to understand and potentially mitigate AI-related risks. What Are Decentralized Applications (DApps)?
Decentralized applications, or DApps, are digital programs anchored in smart contracts. These run on blockchain technology, unlike traditional apps which depend on centralized servers. While they look and function much like common mobile applications, their range of uses spans from gaming and finance to social networking, and beyond.