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Welcome back to BlockchainIST!
We decode the complexities of blockchain and crypto-economics with precision and poise. As a research center committed to revealing the entanglements of this dynamic domain, we are delighted to present you with a curated collection of insights, analysis, and cutting-edge research.
📰 TOP NEWS
OpenSea receives SEC Wells Notice; litigation over NFT securities status likely.
“SEC announced Wells Notice after Trump stated that he was launching an NFT collection on Bitcoin network.”
OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities.
We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight.
Cryptocurrencies have long… x.com/i/web/status/1…
— Devin Finzer (dfinzer.eth) (@dfinzer)
1:48 PM • Aug 28, 2024
Trump's latest NFTs generated $2 million, which is slower sales than previous ones.
“Despite the NFT bear market, Trump continues to support new technologies such as NFTs and ordinals.”
The TON network resumed after the outage; there was high traffic from the DOGS airdrop.
“TON has experienced immense on-chain traffic and the test was unsuccessful. TON blockchain has stopped several times due to the DOGS airdrop.”Solana's transaction fees hit a multi-month low; memecoin values drop.
“Crypto communities have started trading memecoins across blockchains such as Tron. This resulted in a decline in the memecoin market on Solana.”
📌 REMARKS OF THE WEEK
Source: Investing.com
🔐 CRYPTO UNLOCKS
Source: Token Unlocks
🎟️ EVENT OF THE WEEK
ETH WARSAW
ETH Warsaw 2024, organized by global Web3 community members, features a conference and hackathon. Nearly 1,000 participants will explore growth, innovation challenges, privacy, and scalability issues.
Date Sep 4
💬 EXPERT OPINION
With original cryptography, you are just trying to secure one narrow thing - say, communications - and you are trying to secure it from a third party. But you can't secure it from the party you are talking to if they forward your email; it doesn't matter how well your email is encrypted.
📊 METRIC OF THE WEEK
Our researchers designed this metric with ❤️
GLOSSARY CORNER Staking involves locking up a certain amount of digital assets in a blockchain network to support its operations, such as validating transactions. In return, participants, known as "stakers," earn rewards, typically in the form of additional tokens or coins from that network. | EDITOR’S CHOICE • What Does STAKING Even Mean? (video) |
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