Bitpush editor selects Web3 news for you every day:
Grayscale launches AVAX Trust
According to The Block, Grayscale announced the launch of the AVAX Trust Fund, Grayscale Avalanche Trust, which aims to provide qualified investors with investment opportunities in the cryptocurrency AVAX.
CZ has been transferred from a minimum security prison in Southern California to Long Beach RRM
According to Decrypt, according to the information from the U.S. Bureau of Prisons, Binance founder CZ(also known as CZ) has been transferred from a minimum security prison in Southern California to RRM Long Beach this week. RRM (residential reentry management offices) is often referred to as a "transit house", which is a residential program for prisoners who are nearing the end of their sentences to prepare for reintegration into society. It is reported that CZ is expected to be released on September 29.
According to reports, some Twitter users claim that CZ has been released from prison, which is true, but he is definitely still in the custody of the US government and cannot move freely. By the end of September, CZ should regain his right to move freely and may return to Dubai to reunite with his family.
[Founder of SkyBridge Capital : Bitcoin is not yet a "store of value" asset, but still believes it will eventually reach $100,000]
Anthony Scaramucci , founder and managing partner of SkyBridge Capital, was interviewed by CNBC's "Squawk Box" and shared his views on Bitcoin and cryptocurrencies.
Scaramucci expressed optimism about the future of Bitcoin, especially in the second half of 2024. He said that the "supply glut" appears to be coming to an end, which he interpreted as a positive sign for Bitcoin's price action.
However, he also addressed the common debate comparing Bitcoin to gold. While gold has risen 30% over the past two years, Bitcoin's price has remained relatively stagnant. But Scaramucci reiterated his belief that Bitcoin is still in its early stages and is a technology rather than a store of value.
He said that with more than 1 billion wallets, Bitcoin could eventually be seen as a store of value. Scaramucci acknowledged that while many in the industry expected Bitcoin's price to reach higher levels now, the timeline has been extended due to regulatory hurdles and market volatility. However, he still believes that Bitcoin will eventually reach $100,000.
Franklin Templeton Expands On-Chain Money Market Fund to Avalanche Network
According to The Block, global asset management giant Franklin Templeton will expand its on-chain money market fund to the Avalanche network.
Launched in 2021, the Franklin OnChain US Government Money Fund (ticker: FOBXX) is the first U.S. registered mutual fund to use a public blockchain to record transactions and shared ownership.
[Colombian Industrial and Commercial Supervision Bureau accuses Worldcoin and its backer Tools for Humanity of violating data protection regulations]
Colombia’s Superintendence of Industry and Commerce (SIC) has accused Worldcoin, a decentralized identity project founded by Sam Altman , and the company behind it, Tools for Humanity, of violating the country’s personal data protection regulations.
The SIC has issued a preliminary notice of prosecution, alleging that the companies failed to follow relevant policies when collecting sensitive personal data. Worldcoin currently uses its Orb devices to collect data in 25 locations in Colombia, including the capital Bogota. If found guilty, the SIC may impose financial sanctions on Worldcoin, temporarily suspending or permanently shutting down its operations in Colombia. Worldcoin has not yet responded to the allegations.
Magic Eden Foundation launches ME token for cross-chain transactions
Magic Eden (ME) Foundation announced the upcoming launch of the ME token, which aims to support Web3 consumer decentralized applications (DApps) through cross-chain digital asset transactions. The ME Foundation’s mission is to help develop the ME decentralized autonomous organization (DAO) protocol with “community-led governance”.
The token is expected to become the core of NFT and Runes platform Magic Eden, which plans to become the first platform to officially adopt ME as its ecosystem token.
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