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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. 
In collaboration with its subsidiary Zynga, acquired for $12.7 billion last year, Take-Two is launching “Sugartown,” a web3 game built on Ethereum, marking the debut of a “major mobile game developer” crafting a crypto-based game “from the ground up.”
Players will utilize Ethereum (or ERC-721) tokens to access the game, stake for energy, and earn in-game currency.
Access tokens named Oras will also be minted this year as part of an initial release. 
The ex-CEO of FTX will now be detained in a New York jail until his court hearings are complete.
The revealing of snippets from Caroline Ellison's diary to The New York Times, viewed as potential witness tampering, significantly impacted the verdict.
Additionally, he has reportedly breached house arrest guidelines by accessing VPN and Signal. 
Company’s CTO Paolo Ardoino has shared his excitement about a mobile app designed to facilitate international purchases settlements B2B, B2C and C2C based on USDT and XAUT payments.
Notably, the app will also incorporate support for Bitcoin Lightning.
Paolo stated that he envisions this app as the future of trade finance.
Having personally reviewed the code, his experience as a developer has left him genuinely impressed. Currently, the app is in its testing stages, with more specifics yet to be unveiled. 
The cryptocurrency exchange OPNX has tabled an offer to take over crypto lender Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court.
OPNX offered $30 million in FLEX to partially offset the creditors’ losses and cover their claims. If the bid is approved by the court and accepted by creditors, OPNX will own a 75% stake in Hodlnaut. 
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a final regulatory framework for single-currency stablecoins (SCS) under its regulation.
MAS stated that the framework’s goal is to guarantee “a significant level of value stability” for stablecoins.
This framework will be applicable to all stablecoins tied to the Singapore Dollar or any other G10 currency issued within Singapore. 
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. 
DeBank has introduced a new Layer-2 solution based on OP Stack for user experimentation. It's now live for testing, and the mainnet is slated for 2024.
According to an official briefing, developers have accomplished cost reductions ranging from 100 to 400 times for specific transactions, all the while targeting gas expenditure.
Besides, to fortify user defense and trim L1 data leaks, transactions will be signed with a specially devised second-tier private key. 
Casting their gaze five years into the future, investment company Bernstein speculates the stablecoin market will burgeon to a staggering $2.8 trillion.
A key catalyst for this boom? The widespread adoption of stablecoins by financial platforms, a trend set to amplify the circulation of these tokens. 
Salvator Mundi, attributed to Leonardo da Vinci and famously sold for $450.3 million at Christie’s New York, is set to be transformed into a NFT.
The digital tokenization of this controversial artwork, depicting Christ with a crystal orb, will be carried out by ElmonX, a digital assets platform, in collaboration with Bridgeman Images, an international image licensing company.
The terms of the NFT sale are scheduled to be revealed on August 12.
This initiative follows the successful NFTization of renowned artworks such as Mona Lisa, Van Gogh’s Starry Night, , Auguste Rodin’s The Thinker, and Claude Monet’s Nymphéas, each created in partnership between the two entities.
A total of 330 editions of the Mona Lisa were sold for £150.00 each. 
According to OpenAI’s blog post, web pages crawled with GPTBot could potentially be utilized to enhance accuracy and expand the capabilities of upcoming iterations of their AI models.
A web crawler (web spider), is a type of bot that indexes website content across the internet.
Popular search engines like Google and Bing employ web crawlers to enable websites to appear in search results.
OpenAI clarified that their web crawler will gather publicly available data from the world wide web while excluding sources with paywalled content, personally identifiable information, or text that violates their policies. 
The world's richest individuals sparring on social media is pure entertainment.
Zuckerberg proposed August 26 for the showdown, but Musk hasn't fully committed yet. Instead, he mentioned not having time for workouts; hence, he's lifting weights at work.
And get this, Musk's combat style of choice is wrestling! Can you imagine the spectacle that would be?!
Musk even suggested a charity fundraiser, but Zuckerberg countered by advocating for a "trustworthy" platform, hinting at avoiding X (Twitter).
These clever marketing tactics have definitely sparked social media engagement! But will the face-off actually happen?
What do you think? 
The company's developers are gearing up to release JavaScript libraries tailored to facilitate the transmission of commands and signals to mining hardware.
Tether CTO Paolo Ardoino confirmed his direct involvement in the coding process, asserting that this new development will bolster both performance and security. Frax Finance: A Self-Sufficient DeFi Ecosystem
Frax Finance stands out as a DeFi platform that hosts its own decentralized stablecoins, an automated market maker, a lending platform, a cross-chain bridge, and native tokens. By the close of 2023, this ensemble will incorporate an L2 blockchain. For the time being, the Frax protocol is running on Ethereum. 
The decision is driven by the challenging regulatory situation. American clients will be able to purchase cryptocurrency until September 2nd, with a selling prohibition coming into force from October 2nd.
Following this, the crypto platform will become completely inaccessible to American users, putting a stop to all digital asset operations, including holding.