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Metaverse could be worth $5 trillion by 2030: McKinsey report

A new report from global consulting firm McKinsey found that the Metaverse could be worth $5 trillion by 2030.

Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan said that their team detected that $1 million was missing from their company's funds at Three Arrows Capital (3AC).

Yahoo launching Metaverse events for Hong Kong residents under restrictions

Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA.

Total supply of stablecoins dropped sharply for first time ever in Q2

A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.

True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund

The TGV4 Plus Follow On Fund was led by a group of 15 general partners who committed over $4 million on average (over 40%) into the fund.

Former president of the New York Stock Exchange joins Uniswap Labs as an adviser

Uniswap said it is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3.

Ankr partners with Optimism to provide a fast and reliable RPC service for users

Ankr also said that it will incentivize independent Optimism node operators to add their nodes to the load balancer in return for ANKR tokens.

Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain

Essential goals like “trust and censorship resistance” can be aided by distributed ledger technology, said Buterin.

MetaMask warns of security vulnerability from older versions of popular crypto wallet

"Ultimately, we've learned that our password encryption feature's security was partially undermined by browser behavior," said the team at MetaMask.

Nifty Newsletter: Mastercard to enable direct NFT purchase, NFT floor prices collapse and more

Last week, Apocalyptic Apes founder Bill Starkov told Cointelegraph that NFT holders can earn millions by licensing their NFTs.

Bank of Israel experiments with central bank digital currency smart contracts and privacy

The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency.

GameFi continues to grow despite crypto winter: DappRadar report

The report seems to show that turbulence in the crypto markets has failed to rattle investments and forward movement of several GameFi and metaverse projects.

Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

Magic Eden accounts for over 90% of NFT trading volume on Solana.

BIS: 90% of Central Banks are researching the utility of CBDCs

The institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems.

Japanese film studio announces the production of a series based on crypto

Animator Haruna Gohzu, who worked in popular anime like Pokémon and the Demon Slayer movie, will lead the animation in the films.

Risky business: Celsius crisis and the hated accredited investor laws

Crypto exchange BlockFi secures $250M credit from FTX amid bear market

At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds

What is Vulcan Forged (PYR) and how to make money playing it?

Vulcan Forged is a play-to-earn game that allows players to earn cryptocurrency by winning, selling, and upgrading their in-game assets.

Celsius warns community about fake accounts, pauses Twitter spaces and AMAs

Celsius Network announced that there is an increase in fake accounts on social media and warned users to be more vigilant.

Cloudflare outage affects multiple crypto exchanges

Users attempting to visit certain websites were met with a “500 Internal Server Error” notice due to a Cloudflare outage.

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