TLDR: Whales in Bitcoin, Biden Proposes New Crypto Reporting Rules, Coinbase Take Equity Stake in Circle, Bitstamp Ends ETH Staking in US and Shade Protocol Bring MetaMask to Cosmos.

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Bitcoin Highlights of the Week

Mystery Bitcoin Wallet Amass $3 Billion

An anonymous Bitcoin wallet has surged to become the world's third-largest holder, amassing $3 billion in just three months, triggering speculation and intrigue about its origin and impact.

Unchained Surges 170% in Loan Activity

Unchained's Bitcoin-backed loans surged 170% in H1 2023, alongside growth in institutional accounts, reflecting its commitment to financial empowerment.

Potential of Recursive Inscriptions

Bitcoin's landscape is undergoing a transformative shift with the emergence of Ordinals and recursive inscriptions. These developments hold the promise of elevating Bitcoin to new heights.

Biden Propose Crypto Tax Reporting Rules

The Internal Revenue Service (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier and prevent cheating on taxes.

XRP Whale Move 29 million to Bitstamp

A large holder transferred 29.3 million XRP worth $15.13 million to Bitstamp exchange. Additional information suggests the possibility that this whale might be selling their XRP assets.

Ethereum Highlights of the Week

The Rise of Friend.tech

Friend.tech, a groundbreaking social tokenization protocol rise in popularity by allowing personalities to issue shares for exclusive access to closed group chats.

EigenLayer Hits 100K #ETH Cap

Decentralized Finance (DeFi) once again takes center stage with EigenLayer's restaking protocol, as its liquid restaking cap of 100,000 ether (ETH) fills in just hours.

Coinbase Take Equity Stake in Circle

Coinbase is increasing its support for stablecoins with an investment in Circle. Circle will take full control over USDC issuance and governance.

Bitstamp Ends #ETH Staking in the US

Bitstamp announced it will stop ETH staking in the US amid regulatory scrutiny as the Luxembourg-based exchange confirm all other services will remain unaffected.

DAO Voting from L2 With Flexible Voting

DAO voting with Governance tokens on Ethereum mainnet is expensive. Enabling governance voting to take place on Layer 2 networks, such as Optimism and Arbitrum, is one solution to this issue.

Cosmos Highlights of the Week

Injective Reach Staking Milestone

Injective reach important milestone with over 42.000.000 $INJ staked. Surpassing this milestone, Injective bring security to the network.

Authz Revoke is Live

Authz Revoke went live on Cosmostation mobile by IBC Wallet which revoke 'Authz' grants and fight off hackers.

Akash Network v6 Upgrade

Akash Network are set to launch open-source access to GPUs, $AKT 2.0, $USDC settlement, and more with their v6 upgrade, provided the proposal passes.

Fetch AI Introduce Fetch Wallet v0.15

Fetch AI introduce v0.15, which is the the latest Fetch Super Wallet update. Fetch AI bring cross-chain EVM support (ETH & BSC Network) and $FET token bridging into the wallet.

Shade Protocol Bring MetaMask to Cosmos

Shade Protocol bring MetaMask to Cosmos, and becomes the first dApp to support this bridge for all transactions.

Other Highlights of the Week

MantaDAO Launch on Cosmos

MantaDAO has successfully completed its testnet launch and the mainnet launch of its DAO, with its MantaSwap product set to launch imminently.

Dymension Release Portal 2.0

Portal 2.0 is a CoinMarketCap for RollApps and is available on mobile & Desktop.

Osmosis is merging Frontier front-end with Osmosis

This will lead to a better UX, faster development, and reduced maintenance cost.

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