According to Odaily, Wu Jiezhuang, a member of the Hong Kong Special Administrative Region Legislative Council, has expressed his support for the development of Web3 and virtual assets in Hong Kong. He made this announcement on the X platform, stating that the Legislative Council had recently established a subcommittee to address matters related to the development of Web3 and virtual assets. The subcommittee is currently seeking global industry opinions to formulate policy suggestions and discuss future industry development directions. The proposed topics for discussion will undergo detailed research and summarization before being presented to the government through the Legislative Council platform. The global industry can provide opinions on these topics to help Hong Kong become a global Web3 center. Web3 policy issues include: how to balance and promote Web3 foundational technology, legal and regulatory frameworks; how to cooperate with the country to make Hong Kong an international Web3 center; the integration and development of artificial intelligence and Web3 technology and the improvement of the AI regulatory system; policy and legal suggestions for decentralized autonomous organizations (DAOs) to support and regulate the healthy development of DAOs in Hong Kong; how to cultivate and attract Web3 technology and financial innovation talents. Virtual asset issues include: suggestions for measures beneficial to the development of the virtual asset industry; how to strengthen the protection of virtual asset investors and consumers to boost market confidence; potential application scenarios and risks of stablecoins in Hong Kong, suggesting a regulatory system that protects financial stability without hindering innovation; exploring the rise of Hong Kong's virtual assets on the demand for professional custody services, and researching corresponding custody methods and regulatory measures.

According to Foresight News, Mystiko Network, the universal ZK SDK protocol, has announced its plans to promote ZK technology innovation and ecosystem development. The network will provide a total incentive of $5 million in the form of XZK tokens in the first round. This move is aimed at offering financial support to developers on its platform. The initiative is part of Mystiko Network's commitment to fostering innovation and growth within its ecosystem.

According to Odaily, UXLINK has announced the official launch of its ecological fund, UFLY Labs, in collaboration with more than 100 projects and developers. UFLY Labs aims to promote the adoption of Web3 through social connections, providing support for ecosystem partners and developers. The focus is on growth, participation, and asset distribution. Selected projects can receive investments and grants in the form of points, tokens, and cash. This initiative is part of UXLINK's commitment to fostering a robust and dynamic ecosystem, leveraging the power of social connections to drive the adoption of Web3 technologies. The fund will provide much-needed support to developers and ecosystem partners, with a particular emphasis on growth, engagement, and asset allocation. The launch of UFLY Labs represents a significant step forward in UXLINK's mission to support the development and adoption of Web3. By providing financial support in the form of points, tokens, and cash, UFLY Labs is helping to fuel the growth of innovative projects and developers in the Web3 space.

According to Odaily, Ankr, a provider of Web3 infrastructure, has announced that its ZKsync RPC endpoint has processed over 500 million RPC requests this month. This significant milestone demonstrates the growing demand for Web3 infrastructure services and the robust performance of Ankr's solutions. The company's ZKsync RPC endpoint has proven to be a reliable and efficient tool in handling a high volume of requests, contributing to the overall growth and development of the Web3 ecosystem. Further details about the company's performance and future plans were not disclosed in the announcement.

According to Odaily, on June 20, Zentry officially announced the acquisition of a majority stake in leading game publisher Maxion. Following the acquisition, Maxion will become Zentry's dedicated Web3 game publishing division, driving more game IPs onto the blockchain, including the much-loved IP, Ragnarok. This acquisition is set to facilitate safer and more convenient user interaction with the blockchain ecosystem, allowing players to truly own in-game assets and ushering in a new gaming experience. Zentry's founder and CEO, Jarindr Thitadilaka, stated that the acquisition is a significant milestone for Zentry in becoming a Metagame Layer and bringing the MMORPG experience into real life. Zentry aims to merge the advantages of traditional gaming with Web3, creating immersive interactive experiences. Together, they plan to expand Zentry's product line and drive the global 3 billion players into a unified Play Economy.

According to Foresight News, a researcher from the Web3 Foundation has proposed a new Request for Comments (RFC-0092) draft. The proposal aims to reduce the unbinding period of staked tokens on Polkadot from 28 days to just 2 days. This significant reduction in the unbinding period could potentially increase the liquidity and flexibility of token operations on the Polkadot platform. However, the proposal is still in the draft stage and is currently open for comments and suggestions from the community. The final decision will be made based on the feedback received from the community and the potential impact on the Polkadot ecosystem.

According to Odaily, K33 Research analyst David Zimmerman has stated that Telegram is ushering the public into a new era of public blockchain. By integrating The Open Network (TON) and the native Wallet bot, Telegram has addressed long-standing user experience, practical application, and distribution issues in cryptocurrency adoption. Its latest Mini Apps platform will allow businesses to develop and deploy encrypted applications, further expanding its user base. Meanwhile, the price of TON coin has seen a significant increase recently, driven by potential news of Telegram's IPO. This indicates that the market is confident in Telegram's potential to drive cryptocurrency adoption.

According to Foresight News, DeFi project 1inch has partnered with Web3 security tool Blockaid to enhance Web3 security through the 1inch Shield. The 1inch Shield includes an interception list feature provided by Etherscan Pro, which can immediately block suspicious blockchain addresses. The screening component is supported by TRM Labs, using on-chain and off-chain data to detect potential security risks. In addition, the Shield API will be gradually integrated into 1inch products. This API can be used on the 1inch developer portal website along with other toolkits for Web3 developers. This partnership aims to improve the security of blockchain transactions and protect users from potential threats.

According to Odaily, Immunefi, a Web3 vulnerability bounty platform, has announced that its ethical hacker bounty payouts have surpassed $100 million. This significant milestone was achieved approximately three years after Immunefi's launch in December 2020. The substantial payout is the result of over 3,000 paid vulnerability bounty reports. Immunefi's success in reaching this milestone demonstrates the effectiveness of its approach in identifying and addressing Web3 vulnerabilities. The platform's ethical hacker bounty program incentivizes individuals to identify and report potential security issues, contributing to the overall safety and integrity of the Web3 ecosystem. This news underscores the growing importance of cybersecurity in the digital age, particularly in the context of Web3 technologies. As these technologies continue to evolve and become more prevalent, platforms like Immunefi play a crucial role in ensuring their security and reliability.

According to Odaily, Thirdweb, a platform for Web3 development tools, has announced the acquisition of Blocktorch, a Web3 visualization analysis platform. The specific acquisition amount has not been disclosed. With this acquisition, Thirdweb can now provide a complete blockchain development stack. Blocktorch offers solutions for developing, monitoring, troubleshooting, and optimizing decentralized applications. It is reported that four members of the Blocktorch team will also join Thirdweb. This move is expected to strengthen Thirdweb's capabilities in the blockchain development sector.

According to Odaily, Bondex, a Web3 talent marketplace, has successfully raised over $10 million in funding. The investment round saw participation from Animoca Brands, Morningstar, Dext Force Ventures, and iAngels. It is reported that Bondex aims to evolve into a gamified version of the professional social networking platform, LinkedIn. The funding will be utilized to further develop and expand the platform, enhancing its features and capabilities. The company's vision is to transform the way professionals connect and interact, by introducing gaming elements into the networking process. The investors, including Animoca Brands, Morningstar, Dext Force Ventures, and iAngels, have shown confidence in Bondex's innovative approach. They believe that the integration of gaming elements into professional networking could revolutionize the industry and create a more engaging and interactive platform for users. However, it remains to be seen how Bondex will implement this vision and how the market will respond to a gamified version of a professional networking platform. The success of this venture will largely depend on the company's ability to effectively integrate gaming elements without compromising the professional nature of the platform.

According to Odaily, Arcana Network, a Web3 storage and privacy protocol, has announced the launch of its Chain Abstraction protocol. The new protocol aims to eliminate the complexities associated with managing assets and gas fees across multiple blockchains. The Chain Abstraction protocol reportedly offers wallet-as-a-service through a simple SDK and utilizes a Gasless SDK to seamlessly handle gas fees. This development is a significant step towards simplifying the process of managing digital assets across different blockchain platforms. The introduction of the Chain Abstraction protocol by Arcana Network is expected to enhance the efficiency and ease of operations in the blockchain space. By addressing the challenges of managing assets and gas fees across multiple blockchains, the protocol could potentially streamline operations and reduce the technical barriers for users and developers alike.

According to Foresight News, blockchain technology provider nChain has announced the launch of a new product suite platform at BSV DevCon. This platform is designed for developers and aims to simplify the transition from Web2 to Web3. In addition to this, nChain has also introduced a digital signature solution called nChain Sign. This solution uses BSV blockchain to provide a secure, immutable, and transparent method for document signing and verification.

According to Odaily, 9dcc has announced the acquisition of the Web3 e-commerce platform, 0x Shop, along with its engineering team. This strategic move aims to enhance user experience by integrating new online technologies and further develop 9dcc's interactive products. In the coming weeks, the technology of 0x Shop will be integrated into 9dcc, and its team will be responsible for 9dcc's Networked Products™ platform. This acquisition is seen as a significant step towards improving and expanding 9dcc's interactive product offerings. The integration of 0x Shop's technology into 9dcc will provide users with a more seamless and enhanced experience. The 0x Shop team's expertise will also contribute to the development and improvement of 9dcc's Networked Products™ platform. This move is expected to bring about significant advancements in the field of e-commerce and interactive products.

According to Foresight News, RSS3, a decentralized content distribution and social protocol, has announced an expanded partnership with Google Cloud. As part of this collaboration, Google Cloud is now operating a node on the RSS3 Network. This move signifies a significant step in the growth and development of RSS3, further strengthening its position in the decentralized content distribution sector. The partnership with Google Cloud will likely enhance the network's performance and reliability, given Google Cloud's robust infrastructure and technological capabilities. However, further details about the expanded partnership and its potential implications for both RSS3 and Google Cloud have not been disclosed at this time.

According to Odaily, Ankr, a provider of Web3 infrastructure, has announced the launch of Electroneum RPC, an EVM-compatible L1 blockchain. The move is aimed at enhancing speed, security, and energy efficiency. Developers can directly access Ankr's Public and Premium Electroneum RPC, request calls, and receive node information in return. In addition, Electroneum is set to host a hackathon in the third quarter of 2024. The event is designed to encourage developers to build new DApps and utilities on the Electroneum L1 chain.

According to Foresight News, Circle Developers has announced the launch of the Circle Credits Program. This initiative is designed to provide developers with a credit limit that can be used to pay for Web3 service fees. These fees include monthly charges for programmable wallets, API calls on smart contract platforms, and costs associated with the Gas Station network and platform. The Circle Credits Program aims to support developers by easing the financial burden of these necessary operational costs.

According to Odaily, Transak, a provider of Web3 payment infrastructure, has announced the addition of fiat and cryptocurrency trading for PayPal USD. This move is aimed at popularizing digital asset payments. Users can now purchase PYUSD on their platform using fiat currency. They can make these transactions using the SEPA transfer system or mobile payment applications such as Google and Apple Pay.

According to Odaily, ZetaChain has announced its integration with Kontos on platform X, aiming to enhance interoperability. This strategic move will allow Kontos users to interact directly with ZetaChain using assets from other chains. The integration is expected to streamline operations and improve user experience by providing seamless interaction between different blockchain assets. Further details about the integration or its potential impact on the users and the market have not been disclosed yet.

According to Odaily, the 'Digital Port University Partnership Program 2024' has been officially launched and has received support from 11 local universities. The program, hosted by the Digital Port Academy and Digital Port Web3 Base, is incorporating Web3.0 elements for the first time in hopes of nurturing more young Web3.0 talents. Chen Ximing, Chairman of the Hong Kong Digital Port, stated that this program aligns with the Special Administrative Region government's goal of developing Hong Kong into a Web3.0 hub. It aims to strengthen local Web3.0 talent cultivation and assist participating students in understanding the latest industry trends, stimulating innovative thinking, and expanding their network during their training abroad. It is reported that each winning team can receive a seed fund subsidy of 100,000 yuan from the 'Digital Port Creative Micro Fund'.