TL;DR Breakdown UK Law Commission recommends recognizing digital assets as a distinct category of personal property under common law. It proposes the creation of an expert panel to guide courts on digital asset issues. The Commission advocates for new legal tools to handle crypto-tokens and tokenized securities. Description The burgeoning importance of digital assets in our modern world cannot be overstated. Their use has expanded far beyond mere value representation, serving as modes of payment and being linked to various rights or things. Their inherent flexibility and the technologies surrounding them have significantly transformed how we perceive property and property rights. Harnessing flexibility … Read more The burgeoning importance of digital assets in our modern world cannot be overstated. Their use has expanded far beyond mere value representation, serving as modes of payment and being linked to various rights or things. Their inherent flexibility and the technologies surrounding them have significantly transformed how we perceive property and property rights. Harnessing flexibility of the law The UK Law Commission, in its response to the UK Government’s request, has presented an enlightening…

TL;DR Breakdown AI hype appears to drive US stock market surge, led by top S&P 500 companies. These top performers had large losses in 2022, questioning the role of AI in their recovery. Global stock market rally is broader, with Europe and Japan being powered by value stocks. Description Deciphering the intricacies of the global stock market, it appears the artificial intelligence (AI) hype is the prime driver behind the recent surge, predominantly in the US. However, upon delving deeper, this assertion seems like a smokescreen, with hidden truths behind the market’s performance. A closer look at the US market An indisputable fact is … Read more Deciphering the intricacies of the global stock market, it appears the artificial intelligence (AI) hype is the prime driver behind the recent surge, predominantly in the US. However, upon delving deeper, this assertion seems like a smokescreen, with hidden truths behind the market’s performance. A closer look at the US market An indisputable fact is that a select few American giants are pulling the entire stock market upwards. The sheer power of these…

TL;DR Breakdown Bybit, the world’s third most visited cryptocurrency exchange, has upgraded its Copy Trading platform with advanced automated trading capabilities. The integration of the derivatives terminal streamlines the trading process, making it easier for account Followers to copy trades. Over 18,000 Master Traders can now link their Bybit Subaccounts to third-party trading tools, enabling access to advanced features and maximizing trading potential. Description Bybit, the world’s third most visited crypto exchange, has announced a major upgrade to its Copy Trading product. This upgrade introduces advanced automated trading capabilities to the platform, revolutionizing how traders manage their portfolios. By integrating the main derivatives terminal into the Copy Trading platform, Bybit now provides users with a comprehensive suite of features … Read more Bybit, the world’s third most visited crypto exchange, has announced a major upgrade to its Copy Trading product. This upgrade introduces advanced automated trading capabilities to the platform, revolutionizing how traders manage their portfolios. By integrating the main derivatives terminal into the Copy Trading platform, Bybit now provides users with a comprehensive suite of features and third-party tools…

TL;DR Breakdown Confusion at Twitter appears to continue after owner Elon Musk introduced limits to the amount of posts users can read in a day. Mastodon, a German Twitter competitor, has witnessed a heavy flow of new users.  At the time of writing, Mastodon reported 324,000 active users. Mastodon insists its user-driven and decentralized in nature. Description Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. … Read more Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. Elon Musk shakes up Twitter Elon Musk has temporarily restricted…

TL;DR Breakdown Apple’s Vision Pro headset production targets have been revised down to fewer than 400,000 units in 2024, due to manufacturing challenges and the device’s complex design. High-resolution inward displays for the headset have posed difficulties for suppliers, leading to yield issues and lower productivity. Plans for a more affordable version of the headset have been delayed, but Apple remains committed to overcoming production obstacles and delivering a groundbreaking product to its customers. Description Apple Inc., the technology giant known for its innovative products, is facing significant hurdles in the production of its highly anticipated mixed-reality Vision Pro headset. According to sources close to the matter, manufacturers are struggling with the device’s complex design, leading to a revision of production targets. The Financial Times reported that Apple is now … Read more Apple Inc., the technology giant known for its innovative products, is facing significant hurdles in the production of its highly anticipated mixed-reality Vision Pro headset. According to sources close to the matter, manufacturers are struggling with the device’s complex design, leading to a revision of production targets….

TL;DR Breakdown Shares of Coinbase jumped 13% on Monday on the news that the exchange operator Cboe had refiled its applications for several spot bitcoin exchange-traded funds (ETFs). Cboe has been working with Fidelity, WisdomTree, and ARK Invest to obtain a spot Bitcoin ETF approved by the SEC. Microstrategy (MSTR) saw its shares rise 10% to $375, their highest level in almost a year. BlackRock has also refilled the BTC ETF through NASDAQ, naming Coinbase Global Inc. as a market surveillance provider. Description On Monday, shares of Coinbase, the largest crypto platform in the United States, surged 13% after exchange operator Cboe announced it was collaborating with the crypto platform to launch a spot bitcoin exchange-traded fund. In addition, Bitcoin-related equities rallied in response to news that Cboe’s BZX Exchange had resubmitted its applications for multiple spot bitcoin … Read more On Monday, shares of Coinbase, the largest crypto platform in the United States, surged 13% after exchange operator Cboe announced it was collaborating with the crypto platform to launch a spot bitcoin exchange-traded fund. In addition, Bitcoin-related equities rallied…

TL;DR Breakdown Deceptive AI-generated article raises speculations about the SEC Chair’s resignation. The news stirs up the red flags in the use of AI technology. Description Rumors regarding the resignation of Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), have once again surfaced, with artificial intelligence seemingly playing a role in spreading misinformation. The article showed traces of AI involvement On July 1, an article published on the website “thecryptoalert.com” claimed that Gary Gensler had submitted … Read more Rumors regarding the resignation of Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), have once again surfaced, with artificial intelligence seemingly playing a role in spreading misinformation. The article showed traces of AI involvement On July 1, an article published on the website “thecryptoalert.com” claimed that Gary Gensler had submitted his resignation following an internal investigation. However, upon investigation, it was discovered that the article’s text exhibited characteristics consistent with AI text generation. An analysis using the third-party artificial intelligence detector ZeroGPT yielded a high score of 96.8%, indicating a high…

TL;DR Breakdown A report has shown that investment in crypto by venture capitalists has fallen drastically over the past year. Analysts dissect the factors influencing the rise and fall of crypto investments. Description Over the past year, venture capital investments in cryptocurrency companies have seen a substantial decline of over 70%, according to data published by RootData, a prominent crypto data provider. This downward trend is evident when comparing the funding figures for June 2022 and this year. In June 2022, the digital asset space received $1.81 billion … Read more Over the past year, venture capital investments in cryptocurrency companies have seen a substantial decline of over 70%, according to data published by RootData, a prominent crypto data provider. This downward trend is evident when comparing the funding figures for June 2022 and this year. In June 2022, the digital asset space received $1.81 billion in 149 funding rounds, while this year, only 83 projects secured a total of $520 million, marking the lowest funded month to date. Venture capital investment slides 70% Although there have been intermittent increases…

TL;DR Breakdown Rumors have it that SEC’s chair Gary Gensler is set to resign due to the ongoing internal inquiry. The crypto community had reacted positively to the fake news of Gensler’s resignation. The crypto community is asking for general regulation change than only the removal of Gensler. Description On Sunday, a rumor arose in the crypto market about the likely resignation of US Securities and Exchange Commission (SEC) Chair Gary Gensler. According to reports from an anonymous official at the regulatory entity, the SEC Chair was poised to quit as a result of an internal agency inquiry.  Gary Gensler’s fake resignation news crush … Read more On Sunday, a rumor arose in the crypto market about the likely resignation of US Securities and Exchange Commission (SEC) Chair Gary Gensler. According to reports from an anonymous official at the regulatory entity, the SEC Chair was poised to quit as a result of an internal agency inquiry.  Gary Gensler’s fake resignation news crush the crypto community However, the SEC’s public relations (PR) team disputes rumors of Chairperson Gary Gensler’s resignation, putting…

TL;DR Breakdown The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout the year. This figure also indicates a significant 85% decrease compared to the peak in February, which amounted to a staggering $16.2 million. An overwhelming majority of the stolen NFTs in June, specifically 99.7%, were transacted through Blur handled 86% of the sales, while OpenSea accounted for 13.76%. Description In a recent report by PeckShield, a blockchain security firm, concerning data points on nonfungible tokens (NFTs), some interesting findings have been highlighted. The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout the year. This figure also indicates a significant … Read more In a recent report by PeckShield, a blockchain security firm, concerning data points on nonfungible tokens (NFTs), some interesting findings have been highlighted. The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout…