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House Democrats have initiated a working group dedicated to artificial intelligence (AI) with the aim to craft legislation surrounding this tech.
The group, chaired by Representative Derek Kilmer, will explore leveraging AI for growth while ensuring job security for those impacted by AI advancements.
A primary concern is the rise of AI-generated misinformation, especially deepfakes. 
The CEO of Binance has repeatedly aired his distrust of USDT, dubbing it a "black box" due to its lack of transparency in audits and reports.
Also, Binance listed a new stablecoin, FDUSD, on July 26th, that has seen a rapid rise in capitalization. They are in the process of designing their own algorithmic stablecoin and are open to listing more USDT equivalents on their exchange.
Meanwhile, Tether's CTO has hinted at CZ's involvement in market manipulation in the stablecoin sector, mentioning a 10 basis point USDT depeg on July 28th.
"Isn't it interesting that USDt is being pressured down (slightly, within 10bps, just to push market makers to react), and USDc, the main competitor that you would expect being gaining from the situation, is redeemed heavily nevertheless, while suddenly a competitor born 2 days ago is getting it all? Exactly! It feels definitely organic and not manipulative at all. Some people never learn."
For the record, the Twitter account of First Digital Labs (FDUSD) has a mere 585 followers.
It's intriguing to watch the outcome of this power struggle. Is this just the tip of the iceberg?
Fingers crossed, this won't escalate into a challenge for a bout in the octagon, as seems to be a popular move among billionaires... 
Raoul Pal, once at the helm of Goldman Sachs, envisions a steep rise in the global count of cryptocurrency users. He drew parallels between the initial decade of digital assets and internet evolution, leading to the conclusion that the tally of cryptocurrency enthusiasts could hit the 1.2 billion mark by the end of 2025.
His projections suggest this number could catapult to a staggering 5.1 billion by 2030. The key drivers in achieving such an extensive digital asset adoption, he believes, will be Central Bank Digital Currencies (CBDCs) and NFTs. DRC-20 Token Standard: A BRC-20 Clone on Dogecoin?
As the crypto market was getting its bearings following the commotion caused by Bitcoin Ordinals NFT, the BRC-20 standard appeared, enabling the minting of regular tokens on the Bitcoin blockchain. Spotting the opportunity, independent developers associated with Dogecoin quickly incorporated a similar system into their blockchain, giving rise to the DRC-20 standard. The Rise of a New Crypto Banking System
Global banking is gradually veering towards cryptocurrency. This is in many ways a compelled pivot, given the financial sector's transition from a state of denial and resentment to negotiation, ultimately leading to acceptance. Could this be the heralding of traditional finance's demise? Bitcoin vs Altcoins: A Balance Sheet Forecast for 2023
Many traders and investors are eagerly awaiting the start of the altseason. Traditionally, it kicks off after a substantial rise in the Bitcoin price and the onset of an extended sideways trend. However, as of 2023, such a scenario has yet to materialize... Rise of AI Bots: When Artificial Intelligence Takes the Lead
A virtual city has been crafted by six Google and Stanford University enthusiasts, housing a group of 25 AI bots. Surprisingly, these bots exhibit human-like behavior, engaging in activities such as sleeping, preparing breakfast, working, and even interacting with one another. 
Aptos Labs is set to work with Microsoft to infuse its blockchain products, including fresh developments, with artificial intelligence.
Aptos Assistant, a chatbot, is one such innovation that educates users about the Aptos ecosystem and assists developers in crafting smart contracts and decentralized apps.
A 15% rise in the APT token's value followed the announcement of the collaboration. 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. 
Layer 2 network Optimism has surpassed Arbitrum, recording 944,000 daily transactions, which is nearly 50% more than its former frontrunner with 660,000 daily transactions.
The surge in activity on Optimism can be attributed to the recent Bedrock update and the excitement surrounding the Worldcoin project, which enables user accounts within this network.
However, when it comes to Total Value Locked (TVL), Arbitrum remains in the lead, boasting over $2 billion — twice as much as its competitor. OVAL3: Where Fantasy Rugby Takes on New Heights of Ambition
Crypto rewards and NFT collecting are making fantasy sports games even more enticing than their traditional counterparts. The number of offerings providing an immersive digital experience is on the rise. Among them is OVAL3, a unique fantasy rugby platform. 
Tornado Cash Attack: Governance Restoration Proposal Passed
Last week, the TORN token witnessed an impressive surge of nearly 10%. This unexpected rise follows a groundbreaking proposal from the attacker’s wallet address, which had previously compromised the DAO’s governance. The proposal aims to reverse the malicious actions and restore integrity to the system. 
More than 40 blockchain companies have offered the Turkish authorities to create an official crypto wallet to accept donations for the victims of the devastating earthquake. Today about 2 thousand people died due to earthquakes in Turkey and Syria. The death toll is expected to rise as hundreds of buildings have been completely destroyed.
Cryptocurrency communities always respond instantly to such humanitarian crises. Yes, Ukraine received a lot of donations immediately after the "gas-station" country attack.
Turkey, hang in there!