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DAO
UK Aims to Become Global Crypto Hub, Exchequer Says
Among the initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.

The Growing Digital Asset Lifeline in Ukraine
Crypto donations have been a major source of support for Ukraine’s defense and humanitarian efforts. Meanwhile, Russian citizens may also embrace crypto more as their economy and currency craters due to international sanctions.

Women-Led DAO Tackles (Lack of) Gender Diversity in Crypto
H.E.R. DAO organized a "Hacker House" at the Avalanche Summit in Barcelona last week, funding 25 women developers to attend.

Friends With Benefits DAO Mayor on $100M Valuation and Bridging Culture and Crypto
Alexander Zhang, mayor of the crypto social club Friends with Benefits DAO, discusses its goals of establishing a space where culture and crypto can intersect, and venture capital firm a16z’s $10 million funding which values the DAO at $100 million.

Next 24 Hours Crucial for EU Crypto Law as Officials Debate Emissions, DeFi, NFTs
Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance.

Larry Ellison’s SailGP and Near Protocol to Create a DAO for Sports Team Ownership
Members of the decentralized autonomous organization will be able to determine athlete selection, team management and team strategy.

Lemonade Is Working With Avalanche, Chainlink on Weather Insurance for Farmers
A newly formed DAO backed by the Lemonade Foundation will roll out permissionless weather insurance to African farmers later this year.

India’s Crypto GST Plan; Australia’s Crypto Reforms
South Korea’s preparations for imposition of FATF travel rule heat up. India considers GST on crypto transactions. Australia’s Senator Andrew Bragg warns of existential threat from DAOs. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
