Zaros, a decentralized exchange (DEX) specializing in perpetual futures, was recently featured in a Cointelegraph X Spaces session. Co-founders Guilherme Bettanin and Pedro Bergamini discussed Zaros' unique features, strategic partnerships, and plans for decentralized governance. The platform aims to provide a user-friendly experience similar to centralized exchanges (CEXs) by offering features like liquid staking, intuitive UI/UX, and support for various assets. Zaros also rewards traders and liquidity providers through a points system and offers boosted returns through Restaking Vaults. LPs can earn a base rate of 70% of trading fees, with the remaining 30% allocated to the Zaros DAO. The platform's stablecoin, USDz, streamlines settlements and accepts multiple collateral types. Zaros is currently in public testing on Arbitrum Sepolia and plans to deploy on Monad's mainnet. The team envisions a hybrid order book and AMM to optimize trading execution and reduce costs for users. Read more AI-generated news on: https://app.chaingpt.org/news

Following the approval of Spot Ethereum ETFs by the SEC, altcoins like Shiba Inu are eyeing their own ETFs. The marketing lead for Shiba Inu highlighted the benefits of a SHIB ETF, including attracting traditional investors and increasing demand for the cryptocurrency. Institutional investors could also diversify their portfolios with SHIB ETFs. However, drawbacks such as centralization, third-party ownership, and additional costs were also pointed out. Despite these concerns, the community is rallying for a SHIB ETF, with a petition to Grayscale Investments gaining significant support. The potential approval of a SHIB ETF could bring both advantages and challenges to the crypto space, impacting how investors engage with Shiba Inu and other digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

A bipartisan group of US senators is pushing for legislation to prohibit members of Congress from trading stocks. The senators proposed amending the Stop Trading on Congressional Knowledge Act of 2012 to prevent lawmakers from engaging in stock trading. They emphasized that Congress should not profit from exclusive information, highlighting instances where members outperformed the market. The proposed changes include a ban on trading within 90 days of the bill's enactment and restrictions on the president, vice president, and family members. Violators would face fines based on the asset's value. The senators stressed the need to restore public trust in democratic institutions and prioritize constituents over personal gain. The move follows revelations of profitable trades by top lawmakers, sparking calls for stricter regulations. The initiative aims to address unethical behavior and promote transparency in government. Read more AI-generated news on: https://app.chaingpt.org/news

Elon Musk has refuted claims from a New York Times article that he had volunteered his sperm to assist in establishing a colony on Mars. The report, published on July 11, implied that Musk had instructed his team to develop a habitat capable of withstanding the harsh conditions of the red planet. Musk's team is exploring dome habitats and spacesuits suitable for Mars' extreme climate. Despite rumors circulating on social media, Musk clarified that he did not offer his sperm for this purpose. Musk has ambitious plans to build a city of one million people on Mars by 2050 and has considered the possibility of using Bitcoin as a currency on the planet. While initially skeptical, Musk later acknowledged the potential feasibility of using Bitcoin on Mars, albeit with challenges to overcome. Read more AI-generated news on: https://app.chaingpt.org/news

The Shiba Inu team recently announced the upcoming 'SHIB Marketplace' in the latest SHIB Magazine issue. This marketplace, part of the decentralized Shiba Inu ecosystem, aims to revolutionize digital asset interaction. Powered by the Shibarium layer-2 solution, it will boost transaction efficiency and cut operational costs. Users will have control over their transactions and ownership, as smart contracts automate processes, reducing the need for intermediaries and enhancing security. The marketplace's community-centric governance model will utilize BONE tokens for transactions and decision-making, promoting user involvement. Additionally, an NFT marketplace on the Shibarium blockchain will attract diverse users. With low transaction fees and a user-friendly interface, the marketplace seeks to democratize digital trading. The SHIB team invites the community to join this innovative platform, signaling a new era in Web3 commerce powered by Shiba Inu. Read more AI-generated news on: https://app.chaingpt.org/news

The FLOKI team is dedicated to enhancing global education by building schools in underprivileged nations. Recently, they announced plans to construct a school in India, utilizing blockchain technology for philanthropic endeavors. With a focus on revolutionizing education in developing countries, the team aims to establish multiple schools and collaborate with NGOs for sustainability. India, facing challenges in providing quality education due to its large population, will benefit from this initiative. By introducing cryptocurrency and blockchain in the educational sector, Floki not only empowers Indian students but also addresses global academic issues. The crypto community has shown support for Floki's mission, recognizing their commitment to making a positive impact. Beyond financial success, Floki strives to create educational opportunities worldwide, starting with schools in Ghana, Nigeria, Laos, and Guatemala. This initiative marks the beginning of Floki's vision to elevate academic opportunities in underprivileged regions. Read more AI-generated news on: https://app.chaingpt.org/news

The FTX bankruptcy estate is challenging a $264 million claim by Jump Trading's subsidiary, Tai Mo Shan, for an undelivered loan of 800 million Serum (SRM) tokens from Alameda Research. The dispute arose when Alameda failed to deliver the tokens as agreed, leading FTX to argue that the loan never started. This legal battle is crucial in resolving FTX's financial fallout. The loan was intended to support the decentralized exchange Serum, backed by FTX. Despite claims of decentralization, the collapse of FTX revealed control over Serum. Tai Mo Shan seeks damages for the undelivered tokens, while FTX claims the agreement is void due to non-delivery. The court filings suggest potential fraudulent transfers. The dispute involves a significant portion of SRM tokens, with Jump Trading's claim based on market factors. FTX disputes the valuation method and criticizes the lack of documentation. CryptoSlate provides comprehensive crypto news and analysis, focusing on Bitcoin, DeFi, and AI. Read more AI-generated news on: https://app.chaingpt.org/news

Shiba Inu's Shibarium platform, an Ethereum Layer 2 solution, has seen a sharp decrease in user activity recently. The number of active and new addresses on the network has been steadily declining since July 5, hitting a monthly low on July 9. Only 11 new accounts were created on Shibarium on July 10, marking a significant drop. This decline in activity has also led to a decrease in new transactions on the network. Despite this, Shiba Inu's price has shown an 8% increase in the past week, trading at $0.00001656. The Chaikin Money Flow indicator suggests a potential rally for SHIB, with strong buying pressure and positive momentum. If this trend continues, SHIB's price could reach $0.00001767. However, market conditions are unpredictable, and investors should conduct their own research before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

Dogwifhat (WIF) recently broke below the lower line of its ascending channel on July 3, leading to a price decline below a resistance level held since June's end. The asset has been moving within a horizontal channel since then, with $2.06 as the new resistance and $1.59 as the support level. This consolidation indicates a balance between buying and selling pressures, as shown by the Moving Average Convergence Divergence (MACD) indicator. The meme coin's MACD and signal lines have been crossing back and forth since July 7, suggesting a lack of strong directional movement. Despite uncertainty about WIF's future price direction, a bearish bias persists, with a weighted sentiment of -0.74. If market sentiment turns positive, WIF's price could break above the upper line of the horizontal channel. This analysis serves for informational purposes only and does not constitute financial advice. Read more AI-generated news on: https://app.chaingpt.org/news

The Bahamian government is set to mandate commercial banks to distribute its central bank digital currency (CBDC), known as the Sand Dollar. Despite low usage, the Central Bank of The Bahamas plans to enforce CBDC distribution through regulations. This move mirrors Nigeria's strategy of incentivizing CBDC adoption with discounts and ultimately resorting to cash withdrawal to boost usage. The contrast between public and private sector responses is evident, with governments having the power to enforce compliance. While businesses adapt or close based on market demand, governments can resort to force. The push for CBDC adoption raises concerns about the necessity of coercion in promoting digital currencies. Central bankers should consider that if a concept requires force, it may not be viable. The examples of Nigeria and The Bahamas highlight the challenges and implications of government-led initiatives in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

A federal judge presiding over the SEC case against Coinbase hinted that the exchange might not be able to access Chair Gary Gensler's private communications prior to his leadership. During a hearing, Coinbase's lawyers argued for access to Gensler's personal device data, as the SEC did not assure transparency on his communications with market makers. The SEC's legal team urged the judge to block the subpoena into Gensler's personal communications, stating he was not a relevant witness. Despite not fully agreeing with Coinbase's stance, Judge Failla agreed to consider their arguments, expressing concerns about the burden of probing Gensler's pre-chair statements. The court requested both parties to submit letters by July 15. The subpoena was part of discovery in the SEC's case alleging Coinbase's unregistered securities brokerage. The exchange had sought Gensler's personal communications, claiming he shared views on crypto since 2017 in a personal capacity. Read more AI-generated news on: https://app.chaingpt.org/news

An investment manager predicts a $10 billion influx with the introduction of Ethereum exchange-traded funds (ETFs). Compound Finance falls victim to a hack, while the US commodities regulator advocates for oversight of Bitcoin and Ether. Tom Dunleavy of MV Global anticipates significant inflows for spot Ether ETFs, potentially reaching new highs by early Q4. He suggests that Ether's scarcity on exchanges could drive substantial investments. Despite the approval of eight spot Ether ETFs by the SEC, trading has not commenced. Meanwhile, a security breach at Compound Finance prompts warnings to users to avoid the compromised website. The breach, confirmed by a team member, poses a risk to personal data and funds. US Commodity Futures Trading Commission Chair asserts Bitcoin and Ether as commodities under their jurisdiction, emphasizing the need for a regulatory framework and education on crypto in the US. Read more AI-generated news on: https://app.chaingpt.org/news

On July 11, multiple decentralized finance (DeFi) apps fell victim to a domain registry attack, as reported by blockchain security platform Blockaid. The attacker seized control of the DNS registry for Compound Finance and attempted, unsuccessfully, to do the same with Celer Network. The attacker targeted domain names hosted by Squarespace, putting any DeFi app with a Squarespace domain at risk. Security experts noticed the attack when the Compound interface redirected to a malicious site that aimed to steal users' tokens. Celer Network also faced an attack but managed to intercept it in time. Blockaid warned of potential hijacking of DeFi front ends, with several incidents already occurring. MetaMask is alerting users about compromised apps. This incident adds to a series of attacks on the Web3 industry, highlighting the importance of cybersecurity in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Portal, a unified blockchain gaming platform, has launched PortalPay to streamline in-game transactions. The service aims to enhance user experience by offering an interoperability solution for paying and cashing out in-game assets using any of the 5,000 supported digital assets. To engage with blockchain games, users typically need a MetaMask wallet or similar service to interact with decentralized applications and purchase game assets or NFTs. However, the fragmentation of blockchain ecosystems poses challenges. PortalPay addresses these issues by providing onchain solutions, allowing developers to focus on game quality. Despite the sector's growth, mainstream adoption remains a hurdle, with regulatory concerns also impacting the industry. Portal's initiative not only aims to boost user adoption but also simplifies Web3 onboarding and enhances user retention by offering a user-friendly interface. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data reveals that Shiba Inu whales have been moving substantial amounts of tokens off exchanges, indicating a potentially bullish outlook for SHIB's value. Santiment, an on-chain analytics firm, has identified two categories of these large holders: exchange whales and non-exchange whales. Exchange whales, associated with centralized exchanges, have significantly reduced their SHIB holdings, while non-exchange whales, self-custodial wallets, have seen an increase in their holdings. This shift suggests a transfer of tokens from exchanges to long-term investors, potentially boosting SHIB's price. Despite a recent price decline, whale accumulation at lower levels indicates confidence in the asset's future prospects. The coming days will reveal whether this trend reversal will propel SHIB towards a positive trajectory amidst a challenging period for the cryptocurrency market. Read more AI-generated news on: https://app.chaingpt.org/news

Goldman Sachs is set to introduce three tokenization initiatives by year-end, aiming to distinguish itself from competitors in the crypto market. The move comes as traditional finance players increasingly explore blockchain technology due to rising client interest in digital assets. The projects, led by Mathew McDermott, Goldman Sachs' global head of digital assets, will focus on asset tokenization, particularly Real World Assets (RWA). Initial plans target the US market, emphasizing the US fund complex and European debt issuance using private blockchains for regulatory compliance. This strategic move aligns with other financial giants like BlackRock and JPMorgan venturing into crypto. The rise of Bitcoin and Ethereum ETFs is expected to boost liquidity, attracting more institutional investors. Industry experts predict the RWA market to reach trillions by 2030, signaling a transformative shift in capital markets. Tokenizing tangible assets like bonds and real estate on blockchain networks is gaining traction, with projects like BlackRock's BUIDL leading the way. Read more AI-generated news on: https://app.chaingpt.org/news

Video gaming has long been a popular form of entertainment, especially among millennials and Gen-Zs. However, the need for high-end devices to run graphic-intensive games has limited accessibility. Cloud gaming has emerged as a solution to this issue, offering the promise of high-quality gaming experiences without the need for expensive hardware. The appeal of cloud gaming lies in its ability to stream games from remote servers, allowing users to play on any device from anywhere. Despite its potential, challenges such as internet quality and distance from data centers can impact gameplay. DePin (Decentralized Physical Infrastructure Network) aims to address these challenges through edge computing technologies, reducing latency and improving gaming performance. Companies like Aethir and Flux are already leveraging DePin to enhance cloud gaming services, providing decentralized alternatives to traditional consoles. With advancements in technology, cloud gaming is poised to revolutionize the gaming industry in the coming years. Read more AI-generated news on: https://app.chaingpt.org/news

The emergence of cryptocurrency has revolutionized the financial landscape, offering a decentralized alternative to traditional banking systems. With the rise of Bitcoin and other digital currencies, investors are exploring new avenues for wealth accumulation. Cryptocurrency transactions are secure, transparent, and efficient, making them an attractive option for individuals seeking financial independence. The blockchain technology that underpins cryptocurrencies ensures trust and immutability, further enhancing their appeal. As the world embraces this digital revolution, governments and financial institutions are also taking notice, leading to increased regulation and integration of cryptocurrencies into mainstream finance. The future of finance is being reshaped by the growing influence of cryptocurrency, paving the way for a more inclusive and accessible financial system. Read more AI-generated news on: https://app.chaingpt.org/news

The percentage of cryptocurrency startups launching in Africa and Asia reached record highs in the first half of 2024, surpassing the United States and Canada amidst regulatory uncertainties. Europe emerged as the top destination for new crypto startups with a 31.4% share, followed by Asia at 26.8%. Alliance DAO experts attribute this shift to regulatory concerns in the US and increased adoption of digital assets in emerging markets. Africa's share rose to 5.2%, just below Latin America, while Oceania accounted for only 1.8% of total crypto startups. Regulatory challenges in the US have led some service providers to exit the market, while the number of startup founders from Big Tech companies has declined. Additionally, there has been a decrease in founders from top-ranked universities. The data, compiled by Alliance, provides valuable insights into the evolving landscape of the cryptocurrency industry. Read more AI-generated news on: https://app.chaingpt.org/news

Bankrupt crypto company Terraform Labs is aiming to offload four of its entities in a $4.5 billion agreement with the US securities regulator, marking the end of its operations. Terraform announced plans on July 9 to explore selling its assets, including Pulsar Finance, Station crypto wallet, Enterprise DAO management platform, and Warp smart contract protocol. Following its bankruptcy filing in January, Terraform is looking to maximize value for creditors and stakeholders. The company's settlement with the SEC involves hefty payments and bans from the crypto sector for its co-founder Do Kwon. Terraform's ecosystem suffered a setback when its stablecoin, TerraClassicUSD, lost its peg to the dollar, leading to a drastic decline in token prices. Interested buyers can reach out to CAVU Securities, Terraform's investment banker. Read more AI-generated news on: https://app.chaingpt.org/news