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📊 TOP-10 crypto projects in the fields of AI and Big Data by developer activity: 1. Internet Computer #ICP 2. NEAR Protocol #NEAR 3. Filecoin FIL 4. Injective #INJ 5. The Graph GRT 6. Oasis Network ROSE 7. iExec RLC RLC 8. Livepeer LPT 9. Bittensor TAO 10. Flux FLUX #Crypto #AI
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🤔 What awaits $XRP on July 3 After years of legal disputes, Ripple's recent decision to officially withdraw its counter-appeal has drawn widespread attention to July 3—the deadline for the SEC to announce whether it will pursue its own appeal or close the case. In the meantime, the XRP community remains on edge, with well-known voices like Captain Redbeard highlighting the sense of anticipation on social media. #XRP #Ripple
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⭐️ Aptos Labs CEO and co-founder Avery Ching joins CFTC Digital Asset Markets Subcommittee Avery Ching, CEO and co-founder of Layer 1 blockchain developer Aptos Labs, has joined the Commodity Futures Trading Commission subcommittee focused on digital asset markets. Ching joins other crypto-native industry executives as well as traditional finance leaders on the CFTC Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee, such as Polygon Labs Head of Policy Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul. Ching also onboards at a time when the CFTC's oversight over cryptocurrencies expands — and as the agency's top leadership either leaves or plans to leave, which could potentially bring in more crypto-friendly commissioners, The Block reports. The GMAC assists the CFTC in maintaining the global competitiveness of United States markets and companies. It has three subcommittees focusing on global markets structure, digital asset markets, and technical issues. The CFTC GMAC Digital Asset Markets Subcommittee supports effective digital asset regulation and bolsters collaboration between industry participants and regulators, according to a CFTC release. "Avery will collaborate with other leaders from web3 and financial services to help shape digital asset regulations" as a new member of the CFTC's GMAC Digital Asset Markets Subcommittee, Aptos Labs wrote on the social media platform X. In March 2024, the CFTC GMAC Digital Asset Markets Subcommittee defined and standardized terminology for central bank digital currencies, stablecoins, and other digital assets for better regulatory clarity and consistent language. Aptos Labs develops the Layer 1 blockchain Aptos, which focuses on building a scalable, user-friendly basis for decentralized applications and smart contracts. The network's native token APT traded at $4.79 as of writing, bringing in nearly $200 million in trading volume in the past 24 hours. #APT #Aptos
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🪙 $XRP Ledger's Ethereum-compatible sidechain launches on mainnet The Ledger, a blockchain associated with cross-border payments firm Ripple, has launched its EVM sidechain on mainnet, enabling developers to build, port, and deploy cross-chain Ethereum-compatible applications within its ecosystem. The XRPL EVM Sidechain, a parallel-running blockchain, integrates the XRP Ledger's low-cost transaction capabilities with Ethereum's smart contract functionality, opening the door to new classes of decentralized apps — including lending, tokenization, and payments — on infrastructure optimized for speed, security, and scale, according to a statement shared with The Block. "The XRPL EVM Sidechain introduces a flexible environment for developers to deploy EVM-based applications, while maintaining a connection to the XRPL's efficiency," Ripple CTO and co-creator of the XRP Ledger, David Schwartz, said. "It extends the capabilities of the ecosystem without changing the fundamentals that make the XRPL reliable." 🔸 A new era for XRP' The XRPL EVM Sidechain was developed through a collaborative effort by Ripple, Peersyst, and Axelar — leveraging Evmos' software stack. While the XRP Ledger already supported limited native smart contract programmability, it did not previously support the EVM. However, Flare Network, which integrates with XRPL, also separately provides smart contract functionality using an EVM-compatible layer. "With the launch of XRPL EVM, we're unlocking a new era for XRP — one where it can flow seamlessly across the multichain world," Peersyst founder and CEO Ferran Prat said. "This isn’t the finish line; it’s Day 1 of a much bigger journey toward interoperability, programmability, and utility at scale." The sidechain connects to the XRPL mainnet via Axelar as the exclusive bridge for transferring assets such as wrapped XRP, which will serve as the native gas token. Axelar also connects to over 80 other blockchain networks. #XRP #Ripple
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🔥 Significant Development – According to the CEO’s Claim, the Solana Spot ETF Will Begin Trading on Wednesday The REX-OSPREY Solana ETF will begin trading on Wednesday, according to the CEO. “If we put the whole system together, it looks like we’re all set for launch,” Bloomberg ETF analyst Eric Balchunas said in a post on the X (formerly Twitter) platform on Friday. ETF Store President Nate Geraci said in a statement the same day that the SEC appeared open to the relatively rare C-Corp (C-corporation) business model that REX Shares uses in its fund structure. This structure had previously been found problematic by the SEC because it conflicted with Rule 6C-11, which governs the governance of ETFs. “It looks like they’re leaning toward moving forward with the creative 40 Act structure,” Geraci said, adding that the process is accelerating, “Here we go.” He also added that they believe all of the SEC’s comments have been resolved. “It looks like the comment issue has been resolved.” #ETF #SOL
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