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Grayscale vs. SEC: ETF Team Expansion Hints at Hope
Grayscale Investments is gearing up for a potential positive outcome in its lawsuit with the SEC, as it begins hiring for its ETF team. The firm is on the lookout for a "Senior Associate, ETFs" to bolster its ETF business development.
This move comes as the crypto community eagerly awaits a court decision on Grayscale's proposal to convert its GBTC fund into a spot bitcoin ETF.
The outcome could set a precedent for other asset managers seeking approvals for spot bitcoin funds, influencing the future of crypto ETFs. Singapore restricts stablecoin options
Under the new regulations, stablecoin transfers will require up to three business days. This rule has caused bewilderment within the blockchain community.
However, officials state that this restriction is consistent with the pace of standard domestic money transfers and will also apply to stablecoin redemptions.
"The redemption timeline is intended to strike a balance between responsiveness to users’ requests and ensuring there is enough time for the SCS issuer to do so in an orderly manner under various stress situations," added the regulator. Frax DAO eyes acquisition of CRV tokens
The Snapshot platform has recently showcased a proposal: allocate 1 million FRAX tokens from the treasury and use them to buy CRV tokens.
This, according to the initiative's creator, will fortify the community's foothold in DeFi for years to come and enhance liquidity for pairs involving FRAX. The value of TwitterDAO has skyrocketed by 9000% in just 24 hours
As Elon Musk occupies himself with the Twitter rebrand, the crypto community is enthusiastically trading tokens that bear association with the well-known platform only through its former name.
The TwitterDAO (TWITTER) token is presently priced at $0.0001, despite a rocky start.This rise is attributed to the automatic system's verification and contract audit.
Yet, it's vital to bear in mind that such tokens often morph into money-making tools for fraudsters, leading to a total wipeout of the assets belonging to external investors. The recent situation with BALD serves as a stark reminder of this risk. 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. 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. 
The Mantle Network is now live on mainnet
The Ethereum-compatible Mantle Network, a Layer 2 blockchain solution, has initiated its alpha mainnet launch at the Ethereum Community Conference in Paris. Following a period of extensive testing and development over six months, the network accomplished over 14 million on-chain transactions. 
EthereumPoW (ETHW) Coin Review
On September 15, 2022, Ethereum introduced a pivotal upgrade, transitioning from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), dubbed "The Merge." However, some in the crypto community resisted this shift, seeing it as a deviation from Satoshi Nakamoto's foundational principles, and chose to retain the original algorithm. Coinbase Introduces Stand with Crypto Alliance
This initiative aimed at countering anti-crypto legislation by mobilizing the community.
Coinbase’s long-term plan is focused on cultivating a grassroots movement and building an engaged community that advocates for positive legal changes and crypto-friendly regulations.
This initiative marks the nation’s first ever independent on-chain advocacy organization, driven by and for crypto enthusiasts.
As of now, the initiative boasts 54 161 supporters on its webpage. Crypto world stunned as unknown user burns more assets
After nd4.eth's dramatic incineration of 2500 ETH valued in the millions 15 days prior, the anonymous figure continues to confound the crypto community.
This unidentified actor has recently transferred 3 NFTs from top-tier collections BAYC, MAYC, and BAKC to a burn address, with an aggregate value exceeding $88,000.
A deliberate obliteration of digital wealth rages on! Margot Robbie: "Bitcoin Emits Ken's Vibes"
Australian actress Margot Robbie, recognized for her performance in the film "Barbie," shared an incident where she overheard a Bitcoin discussion between her husband and a television producer on set. She likened the Bitcoin's vibe to that of Ken, a fictitious character from the movie, stirring quite a buzz in the crypto community.
Notable figures such as Michael Saylor and Layah Heilpern weighed in on the comparison. The "Boy" Saylor claimed that “Bitcoin is Big Ken Energy.” Conversely, "girl" Heilpern reminded everyone that Barbie, in fact, didn't have a fondness for Ken:
"When Margot Robbie said you’re a Ken if talk bitcoin. She meant you’re weak and pathetic. This was not a good thing," remarked Heilpern.
Subsequently, even psychologist Mark Travers chimed in on the discussion, defining Ken's energy as an ability to display altruism and adapt to varying situations.
And what do you think, crypto-folks? 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.” Craig Wright's Modest Victory: The Faketoshi Saga Continues
The UK court has upheld Craig Wright's appeal, allowing him to maintain in legal proceedings that he is the originator of the Bitcoin white paper.
Wright gained notoriety in 2016 when he professed to be Bitcoin's creator and subsequently sued Bitcoin Core's developers.
While his claims have not been definitively proven, this court ruling enables Craig to continue his legal battles against companies, eliciting laughter across the cryptocurrency community with his antics. Polygon is Moving to Decentralized Management
Polygon Labs has announced plans for a new, more decentralized governance model as part of its upcoming Polygon 2.0 roadmap.
The team has proposed "three governance pillars" that will manage the core protocol, smart contracts, and a community treasury.
Key features include an expanded Polygon Improvement Proposal (PIP) framework, an ecosystem council to manage system smart contract upgrades, and a two-phase community treasury governance model to fund promising projects. 
Kaspa (KAS): The World's First BlockDAG
Bitcoin sparked a financial revolution and bestowed upon the crypto community the potential to enhance its blueprint. This belief drives the developers at Kaspa, who have crafted a network that transcends the constraints of the Bitcoin protocol while staying true to the same principles. Community Outrage Over Azuki Elementals
Affected by the Azuki “Elementals” NFT incident (similar artworks, errors in the artwork, and collector dissatisfaction), the NFT market fell sharply again in the past 24 hours.
BAYC fell 16%, MAYC fell 20%, and Azuki fell 11%.
Earlier this year, Azuki NFTs gained significant popularity, surpassing even BAYC NFTs.
Meanwhile, AzukiDAO has proposed to recover 20,000 ETH from Azuki founder ‘Zagabond’.
The proposal suggests hiring a lawyer to take legal action against Zagabond for their alleged involvement in multiple “rug” projects. The aim of the clawback is to retrieve $39 million worth of ETH that was earned from the controversial launch of “Elementals” NFT collection.
As of now, the action has received support from 88.3% of AzukiDAO (BEAN) token holders, with 11.65% opposing it. The voting period for the proposal will conclude at 6:38 am UTC on July 3rd.