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Web3 Gaming Enters A New Era: Quality over Speculation

Emphasizing a shift in the Web3 gaming sphere, Telos Foundation's Head of Business Development AJ Dinger explains, 'quality gameplay enjoyable gameplay first is starting to come to the fore.' Following years of market anticipation where NFT and token speculation dominated, Dinger highlights a critical turning point where gameplay quality and user engagement take center stage.

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Decentralization, Equity, and Purpose: The Triad for DAO Evolution

CoinDesk Web3 Reporter, Cameron Thompson, outlines key insights the Consensus @ Consensus Report on DAOs: The imperative to shun 'decentralization theater', address prevalent voter apathy with the principle that 'each member of the DAO should have one vote', and the pivotal call for DAOs to engage in 'solving real-world problems' with Web 3.0 technologies, beyond just capitalizing on the hype. These key takeaways set the tone for the future discourse on DAOs.

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Digital Dollar Debate Takes Center Stage at Consensus 2023

In a series of discussions at Consensus 2023, the concept of a U.S. central bank digital currency, or "digital dollar," was dissected. Jesse Hamilton, CoinDesk's Deputy Managing Editor for Global Policy and Regulation, reports on the dialogue around this potential government-backed asset by the Federal Reserve. Hamilton highlights the appeal of "instant transactions and seamless movement of money across borders," but notes the substantial privacy implications, given the "tremendous amount of data that could be collected by the institutions running it." It's a subject of concern, he says, for many looking into this nascent field.

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InvestHK’s King Leung Explains Hong Kong’s Crypto Exchange License Application Process

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1. InvestHK head of financial services and fintech King Leung outlines the recent updates to Hong Kong’s crypto regulations, noting exchanges that have not been operating in Hong Kong prior to June 1, 2023, will now “have to apply for a license” in order to legally operate.

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There Are Details About Terraform Labs Still Unknown: Former Paxos Exec

Terraform Labs co-founder Do Kwon will remain in detention while he faces charges of falsifying official documents in Montenegro after a request for bail was approved and later revoked. This comes as Terraform Labs co-founder Daniel Shin’s trial was postponed in South Korea. Columbia Business School adjunct professor and former Paxos head of portfolio management Austin Campbell shares his expectations about the details that could come to light amid the legal proceedings.

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DCG Shutters Tradeblock, Citing Crypto Winter and Regulatory Uncertainty

Digital Currency Group (DCG), the parent company of CoinDesk, is sunseting its trade execution and prime brokerage services unit, TradeBlock. This comes as the crypto conglomerate reported a loss of $1.1 billion in 2022 as it suffered the effects of the crypto bear market. Gerber Kawasaki Director of Get Invested Brett Sifling reacts to the news, saying "it's never nice to see less competition in the space."

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DeFi Is Most 'Vulnerable' to Crypto Hacks: TRM Labs

A recent TRM Labs report show crypto hacks are down 70% in Q1 2023, coming off of a record year of crypto funds stolen in 2022. TRM Labs head of legal and government affairs Ari Redbord points out the most vulnerable parts of the crypto industry, noting that exploits on bridges and protocols are still happening at an "unprecedented" speed and scale.

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Yellen's Debt Ceiling Warning Spooks Crypto Markets

U.S. Treasury Secretary Janet Yellen's latest sober reminder about the perils of the debt ceiling impasse by appeared to jar crypto markets from their recent, 12-day slumber of low trading volume and declining volatility. Nauman Sheikh, Head of Protocol and Treasury Management at Wave Digital Assets, shares his crypto markets analysis.

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Ripple President: 'Optimistic' About Hearing From Court on SEC Lawsuit This Year

"We've been fighting on behalf of the whole industry," Ripple President Monica Long said, discussing the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Long also added that Ripple is "optimistic" about hearing from the court this year about the case.

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Canvas Facilitates Forex Transaction Using Australian CBDC

Australia made its first Foreign Exchange Transaction using eAUD, the CBDC being piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the project, noting "what's happening here is a pilot to investigate the benefits that come with it." Plus, Lavecky shares his outlook on broader retail adoption of this technology.

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