Whale Alert sparks speculation 🐳, MakerDAO co-founder proposes 🆕, Ripple legal team opposes SEC 🛑
Daily Crypto, Blockchain & Web3 Update 2023-09-02
CRYPTOCURRENCY
Whale Alert sparks speculation as XRP transfers surge (3 min read)
A recent substantial purchase of Ripple’s XRP token has been detected by the crypto tracking platform Whale Alert. This move has sparked speculation about its potential impact on XRP’s price.
Ripple legal team opposes SEC appeal over XRP decision (2 min read)
Ripple's lawyers argue that the SEC has not fulfilled the necessary requirements for requesting an appeal in the lawsuit.
Polygon's new open-source L2 chain developer stack to support Ethereum ZK-powered layer 2s (3 min read)
New layer 2 (L2) protocols could be added to the Ethereum ecosystem. These protocols are built on Polygon's open-source codebase called the Chain Development Kit. This kit uses zero-knowledge proof (ZK-proof) technology to make sure that the system is secure and transactions are finalized quickly.
Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ despite delays (2 min read)
The SEC has delayed decisions on Bitcoin exchange-traded funds. Former commission chair Jay Clayton believes that approval will still happen eventually.
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MakerDAO co-founder proposes fork of Solana codebase for native chain (4 min read)
MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Virtual Machine (EVM), despite its long-running ties with Ethereum.
UK MPs call for global alliance to tackle AI misuse (3 min read)
UK MPs have suggested that the government should work with democratic allies to tackle the possible misuse of artificial intelligence (AI). They want London to play a significant role in advancing this new technology.