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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. 
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. 
ElmonX Unveils NFTs Featuring Tutankhamun's Funerary Mask
Backed by Bridgeman Images, ElmonX transitions the legendary Egyptian artifact to Web3. The digital rendition of the funerary mask will be virtually indistinguishable from the original to the naked eye, due to ultra-high resolution and meticulous detailing. 
Metaverse Takes the Wheel: Test Drives Go Virtual
NoCap Meta, an Indian Web3 startup, is using the metaverse to elevate user interaction to a fresh level. The automobile metaverse will provide car lovers with a distinctive experience, allowing them to engage with their favorite brands in a virtual realm. 
How US Financial Giants Join the Crypto Market
The crypto market, boasting over $1.2 trillion in capitalization and hundreds of millions of users, is steadily drawing the attention of top-tier banking, financial, and investment entities. Yet, due to licensing hurdles, their entry remains somewhat barred. But as the old saying goes, where there's a will, there's a way... 
When Will the Next Full-Scale Bull Run Begin?
In 2023, we've seen Bitcoin make an impressive leap from $16,500 to $30,000, along with several altcoins that have achieved exponential growth. However, it's difficult to label this as a full-fledged bull run. Instead, it mirrors more of a transitional market stage, reminiscent of the one we witnessed in 2019. So, when should we expect the genuine bull market to commence? 
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. Slovakia Votes to Lower Crypto Taxes!
The National Council of the Slovak Republic, Slovakia’s parliament, has approved measures to lower taxes on cryptocurrencies and provide additional benefits for cryptocurrency holders. The amendment, passed on June 28, will reduce the personal income tax rate on profits obtained from the sale of cryptocurrencies held for at least one year. Crypto Regulation and Market Anticipations
The MiCA's ratification has effectively legalized the cryptocurrency market across 27 EU countries. Eight more potential member nations will soon modify their laws to comply with MiCA. This move means the legislation will impact over half a billion people, making it a unique event of unprecedented scale.