# Web3 News Express #5 By [AuralPC](https://paragraph.com/@auralpc) · 2022-08-18 --- ![](https://storage.googleapis.com/papyrus_images/0a7e93ed01d526ec0d463da2b3b173966438c279fd22f45d2f03060a9405496f.png) Bitcoin ------- * [BlackRock previously announced to launch a private trust to provide U.S. institutional clients with spot bitcoin exposure. Bitcoin Archive, a bitcoin commentator, commend on such act saying “BlackRock will create a “demand shock” in the bitcoin space.”](https://twitter.com/Rrui23084982/status/1559019112583507970) * According to Arcane analyst Jaran Mellerud, arcane data shows that listed miners sold less than half as much BTC in July as they did in June. Core Scientific and Bitfarms sold the most Bitcoin due to their large BTC and miners’ collateralized debt positions. Blockchain ---------- * [Coinbase CEO Brian Armstrong tweeted about the Tornado Cash incident, saying “sanctioning a technology seems like a bad precedent,” while also saying that Coinbase will always obey the law.](https://twitter.com/Rrui23084982/status/1559075085507432450) * [According to a report released by The Generalist, the most promising projects in the crypto industry include Cosmos SDK, blockchain analysis platform Space and Time, NFT exchange Sudoswap, etc.](https://twitter.com/Rrui23084982/status/1559086947359793152) * [The ETH2.0 core developer, Dapplion, tweeted that the main merged testnet of the Ethereum sidechain, Gnosis Chain, has been successfully merged.](https://twitter.com/Rrui23084982/status/1559739240908349441) * [ZkSync will introduce a new gas fee model to implement a dynamic fee mechanism, the new fee model will price fees based on the resources consumed by the transaction, and the unit of measure “gas” will be renamed “ergs”.](https://twitter.com/Rrui23084982/status/1559740884597346304) * [Fuse Capital launches a new $50M fund focused on Web3, reports Finextra.](https://twitter.com/Rrui23084982/status/1559859503532675072) CEFI ---- * [According to CoinDesk, Revolut has been approved by Cyprus Securities and Exchange Commission to provide cryptocurrency services in the European Economic Area.](https://twitter.com/Rrui23084982/status/1559124388959506432) * [Cryptocurrency exchange Huobi will stop offering derivatives trading services to New Zealand users from next week, CoinDesk reported.](https://twitter.com/Rrui23084982/status/1559492718102843392) * Crypto trading platform Coinbase has been sued in Georgia for allegedly failing to protect users from unauthorised transfers, according to Watcher Guru’s tweet. Cryptocurrency -------------- * [As reported by Cointelegraph, the central bank of the Philippines is seeking measures to better protect investors by raising local cryptocurrency awareness.](https://twitter.com/Rrui23084982/status/1559133299586768896) * [Watcher Guru tweeted that BTG Pactual, Brazil’s largest investment bank, announced the launch of its own cryptocurrency exchange, Mynt.](https://twitter.com/Rrui23084982/status/1559372124115988482) DEFI ---- * [Lido Finance announced an update on their L2 plans. Lido’s goal is to create a series of highly liquid collateral assets, and widely used in DeFi. L2 represents a clear path to achieving this at scale.](https://twitter.com/Rrui23084982/status/1559495116196233217) * [Orbiter Finance announced the integration of Arbitrum Nova, allowing users to transfer assets across chains between Arbitrum Nova and other supported networks.](https://twitter.com/Rrui23084982/status/1559498638497173504) * [Nostra announces $5M Nostra Famiglia Fund, testnet launch soon.](https://twitter.com/Rrui23084982/status/1559851201839054848) * [Dao Maker will launch three multi-chain smart contract service products: DAO Farm, Single Asset Pledge and DAO Vesting.](https://twitter.com/Rrui23084982/status/1559858167281946624) Ethereum -------- * [Despite Ethereum’s merging to PoS, those who want to stay with PoW recently formed a new team called ETHW (EthereumPoW). The team just announced that the initial version of ETHW Core will include main features such as: disabling the difficulty bomb, adjusting to EIP1559 to collect base fees to a multi-sig wallet which is co-managed by miners and the community, and adjusting the strating mining difficulty to ETHW.](https://twitter.com/Rrui23084982/status/1559004950713098240) * Raoul Pal, former Goldman Sachs executive and macroeconomic expert, said ETH remains the safest and easiest way to allocate assets, adding that he expects a “massive supply shock” from the Ethereum merger upgrade that will make ETH more attractive to institutional investors. Game-Fi ------- * [Card Game Shiba Eternity has begun testing in Vietnam, where the team had to increase server capacity by 50 times due to higher-than-expected demand.](https://twitter.com/Rrui23084982/status/1559459925239029761) Payments -------- * [Luxury resort operator Soneva accepts Bitcoin in the Maldives and Thailand, tweeted by Bitcoin Archive.](https://twitter.com/Rrui23084982/status/1559740136677511170) Political --------- * [Ledger Insights reports that as banks accelerate their forays into crypto assets, the Federal Reserve requires all U.S. banks to give advance notice before engaging in crypto activities.](https://twitter.com/Rrui23084982/status/1559855135697776640) Security -------- * [According to PeckShieldAlert monitoring, Varen claims that they believe malicious actors have put forward a proposal on-chain to try to empty the remaining VRN’s retirement governance pool. Currently VRN is down 18%.](https://twitter.com/Rrui23084982/status/1559088660678447104) * [PeckShieldAlert tweeted that nearly 20% ($37 million) of the stolen funds had been returned to the Nomad’s funds recovery address.](https://twitter.com/Rrui23084982/status/1559135580113367040) * [Ethereum founder Vitalik Buterin said that hardware wallets are overvalued and that most people should deposit most of their tokens in multi-signatures (≥5 participants) and ensure a majority of the keys Held by trusted family and friends.](https://twitter.com/Rrui23084982/status/1559136588176601089) * [The burning proposal for erroneously minted aUSD on the Acala Network has been passed and executed, and a total of about 1.29 billion incorrectly minted aUSD have been returned to the honzon protocol and burned.](https://twitter.com/Rrui23084982/status/1559429802389491713) Social-Fi --------- * According to LunarCrush, an crypto social intelligence analysis platform, global crypto social engagement has risen by more than 450% in 2 years. Follow my [Medium](https://medium.com/@a9877680) and [Twitter](https://twitter.com/Rrui23084982) to get more of web3 new express updates! subscribe:// --- *Originally published on [AuralPC](https://paragraph.com/@auralpc/web3-news-express-5)*