Harvard legal scholar and Yeshiva University law professor Christine Kim has published a research paper arguing for the taxation of the metaverse and treating it as a laboratory for experimenting with cutting-edge policy. In the paper titled 'Taxing the Metaverse,' Kim states that the metaverse allows participants to create and build wealth entirely within its ecosystem, which should be regulated under tax code.

Kim #explains that the metaverse's ability to record all digital activity and track individual wealth means that governments can track and tax income immediately upon receipt, potentially shaking up the status quo of U.S. tax law. She recommends changes to how taxes are realized, suggesting that taxation should occur immediately upon receiving gains, including unrealized #gains and income, even if they remain in the metaverse.

Enforcement of #tax law in the metaverse could involve individual platforms withholding taxes on behalf of users or, less preferably, #platforms sending tax information to users who would then file and pay their own tax obligations. Kim also argues that taxing the metaverse #presents further opportunities for lawmakers, as it can be a laboratory for experimenting and simulating scenarios that are unlikely to ever occur in the physical world.

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1. #CertiK Skynet warns against fake Rocket Pool #phishing site: CertiK Skynet issued an alert about a #fraudulent website (hxxps://dao-rocketpool.net/) pretending to be Rocket Pool and linked to known scammers.

2. Caution urged to protect assets and personal information: Users are strongly advised not to interact with the fake site to safeguard their digital #assets and avoid potential financial loss and identity theft.

3. Prevention measures to counter phishing attacks: CertiK Skynet reminds users to be vigilant by verifying website addresses, avoiding suspicious links, and ensuring they only engage with legitimate #platforms to minimize the risk of falling prey to phishing tactics.

- Aave's native stablecoin, GHO, has seen substantial growth since its launch on #Ethereum mainnet on July 15th.

- The circulation of #GHO has exceeded 20 million, specifically reaching 20,029,456 according to Etherscan data cited by Odaily Planet Daily News.

- This achievement follows the milestone of GHO's circulation reaching 10 million on August 2nd, indicating a rapid expansion for the stablecoin in just a few months.

- CertiK Skynet has issued an alert regarding a significant liquidity removal from a counterfeit zkSync token on the Binance Smart Chain (BSC).

- The token, identified by the address 0x95dD3BD912c4c7Bac01f9E8829Dc7aB360BbfFb4, had around $106.4K worth of #BSC USD taken out of its liquidity pool by the creator.

- This token is suspected to be associated with a honeypot scam. Investors and traders are advised to exercise caution and stay vigilant against fraudulent activities in the cryptocurrency market.

- It's crucial to thoroughly research and conduct due diligence before getting involved with any new #tokens or projects to avoid falling victim to scams.

- According to L2BEAT data from Odaily Planet Daily News, the total value locked (TVL) in Ethereum Layer 2 (L2) has reached $10.54 billion, but it experienced a slight decrease of 0.49% compared to the previous day.

- On the 7th, the Base network within Ethereum Layer 2 saw a significant 82.81% surge in locked positions.

- Among the top five #platforms with locked positions in Ethereum Layer 2, Arbitrum One holds the highest amount at $5.93 billion, showing a slight 0.22% drop on the 7th.

- OP Mainnet follows with $2.83 billion (down 4.27% on the 7th), zkSync Era with $429 million (down 7.47% on the 7th), and dYdX with $330 million (a decrease of 1.96% on the 7th).

- The Base network is the fifth contender with $189 million, demonstrating a remarkable increase from the previous day.