(Web3 Morning Report) is a comprehensive morning report column launched by Web3Caff aimed at the Web3.0 field, based on important news, official updates, and selected articles from the past 24 hours, designed to help Web3.0 enthusiasts and Builders quickly understand the latest industry dynamics. Of course, if you want to further stay updated with the latest industry trends and great articles, please remember to follow our official Twitter.
Cover: Gata
Galaxy plans to go public on Nasdaq on May 16
Source: Mike Novogratz
Ripple's acquisition of USDC issuer Circle rejected
Source: cointelegraph
Tether plans to launch new stablecoin products in the U.S. as early as this year
Roswell City, New Mexico, establishes the first city-level BTC strategic reserve
Source: The Defiant
Institutions including Solana submit 'Project Open' proposal to the SEC
Source: sec
a16z proposes personal security advice for crypto assets
Source: a16zcrypto
Ethena collaborates with the TON Foundation
Source: The Block
Ethereum will improve user experience through a new interoperable address standard
Source: Decrypt
Stablecoin startup Zar completes $7 million financing, led by a16z and others
Source: Fortune
Decentralized AI project Gata announces completion of $4 million seed round financing today
Source: Gata
Interesting articles you may have missed
Today, projects are more isolated. Everyone is building their own AMM or lending market rather than using third-party primitives, as those third-party systems are often upgradable. The more projects prioritize revenue, the less immutable infrastructure is available for building, leading to more projects following this trend. This article delves deeper into the topic for your quick reading.
AC Revealed: The stagnation of DeFi, Ethereum's crossroads, and the art of building in the crypto space
In recent years, with the rise of cryptocurrencies like Bitcoin, the global digital asset market has rapidly expanded. As the world's first licensed bank to offer fully remote account opening services in the MENA region, Singapore Gulf Bank is trying to provide new solutions for crypto users overlooked by the traditional financial system through crypto-friendly services and strict compliance regulations. This article explores that.
Singapore Gulf Bank: Embracing cryptocurrency and new banking services under a compliance framework
Stablecoins simply bring together the flexibility of cryptocurrencies and the stability of the dollar, and have now become a hot commodity in the fintech space. But who will slice this big cake? In the U.S., traditional banks and crypto giants, including some major tech companies, are gearing up for a hardcore showdown on the regulatory battlefield in Washington. This article explores that.
Stablecoins in ten years: What effects have they had on global development trajectories, economic impacts, and monetary systems?
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