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Cocone: A Digital Entertainment Studio Enters the U.S. Market
Established in 2008, Cocone is more than a digital entertainment studio from Japan; it's a game changer, pushing boundaries in the contemporary world. While its innovations primarily graced Asian markets in the past, America is set to embrace them by the end of 2023. 
Japan's Soramitsu is at the forefront of crafting a system that enables cross-border transactions specifically tailored to the Asian market.
This initiative involves leveraging the Cambodian CBDC to cater to markets in India, China, and Japan.
Additionally, Soramitsu aspires to establish a Japanese exchange for stablecoins, simplifying currency conversion across various countries. 
Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts.
He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision.
Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens.
Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum. 
Cryptocurrencies Trapped by High Interest Rates
Analytical company Nansen has issued a report examining the impact of inflation on both the traditional and cryptocurrency markets. Their experts forecast global growth following the conclusion of the era marked by interest rate hikes and the implementation of transparent regulation. 
FedNow, CBDC, US Financial Evolution: Insights by Aaron Klein
The unveiling of the Fed's FedNow payment system has stirred discussions about its influence on banking and its repercussions for the crypto sector. Aaron Klein, Senior Fellow at the Brookings Institution's Center for Regulation and Markets, addresses questions about this new system, the prospective role of CBDCs, and cryptographic developments. 
But officials are concerned about potential negative impacts on consumers, according to Semafor media.
The fear is that an indictment could trigger a run on the exchange, leading to consumer losses and causing panic in the crypto markets, similar to what happened with FTX, which eventually went bankrupt.
As a result, prosecutors are exploring alternative options such as fines and deferred or non-prosecution agreements. 
The United States Government Accountability Office (GAO) has published a report suggesting that a more robust regulatory framework is required for the use of blockchain in finance.
The report highlighted the lack of regulation around crypto asset trading platforms and stablecoins and identified non-security crypto asset spot markets as the main regulatory gap. According to the GAO, Congress could address these issues by designating a federal regulator to oversee these markets.
Moreover, the report suggests a need for more regulatory coordination and proposes the establishment of a formal mechanism to identify risks and respond to them within an agreed timeframe. SEC Approval of Bitcoin ETF Won't Shift the Game, Say JPMorgan
In a recent report, JPMorgan expressed a measured outlook on the influence a spot bitcoin exchange-traded fund (ETF) would have on cryptocurrency markets, even if the U.S. Securities and Exchange Commission (SEC) gives it the green light. The financial institution pointed out that while the approval of such an ETF is eagerly awaited, it may not be the market-altering event some anticipate. 