Crypto World: The top 100 DeFi coins saw a spike on July 13 as a result of Ripple’s partial success in the legal dispute with the U.S. Securities and Exchange Commission (SEC). The expansion of ZK-Rollup technology adoption in the Ethereum ecosystem has contributed to Ripple’s popularity. Furthermore, according to current statistics, bug bounty schemes have improved the security of the DeFi ecosystem. Connex Network introduced the “Sovereign Bridged Token” to remedy the inadequacies of the Multi-Chain Protocol in an effort to improve security measures. DeFi tokens have benefited from the news that Ripple has won part of its legal battle against the SEC, with the value of the XRP token rising by 84%.
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The “The Flash” Web3 Experience from Warner Bros. Warner Bros. just produced a Web3 experience for its box office failure “The Flash,” a superhero film based on DC Comics. Beginning on July 18, the experience will provide a 4K Ultra HD viewing option, NFT collections, more realistic effects, and behind-the-scenes content. Warner Bros. will keep the project on the Eluvio blockchain, similar to the Web3 experiences of “Superman” and “The Lord of the Rings.” You can upgrade to the premium version, which offers greater NFT access and additional advantages, for $100.
SEC approves BlackRock’s application for a Bitcoin ETF:
The first stage in a protracted regulatory process has begun with the U.S. Securities and Exchange Commission accepting the formal review procedure for BlackRock’s proposed Bitcoin Exchange-Traded Fund (ETF). Given the significance of this certification, the Bitcoin community has been eagerly awaiting it. This approval shows that the SEC is prepared to investigate the idea of a Bitcoin ETF and evaluate any potential market effects.
The applications for other funds, such as the Wise Origin Bitcoin Trust, the WisdomTree Bitcoin Trust, the VanEck Bitcoin Trust, and the Invesco Galaxy Bitcoin ETF, are also being taken into consideration, according to authorities who made this announcement on Friday, July 14. This action shows that companies are aware of the rising demand for regulated Bitcoin investment vehicles and are trying to live up to their customers’ expectations.
In conclusion, the use of ZK-Rollup technology and Ripple’s legal triumph have increased the appeal of DeFi coins. Bug bounty programs have been successful in boosting the DeFi ecosystem’s security. An immersive and cutting-edge watching experience is offered by Warner Bros.’ Web3 experience for “The Flash” film. Additionally, the SEC’s approval of BlackRock’s proposal for a Bitcoin ETF marks a significant development for regulated Bitcoin investment alternatives. Further advancements in these fields, which have the power to influence finance and entertainment, are avidly awaited by the market.