Regulation News
Regulated DeFi platform Swarm has launched its onboarding application programming interface (API), which enables institutions and enterprises without a know-your-customer (KYC) and anti-money laundering (AML) provider to offer regulatory-compliant tokenized securities and trading to their users under German law. The onboarding API serves partners who do not have their own KYC provider, while for partners who do have one, the platform plans to provide a KYC Sharing API. The API verifies users’ identities and source of funds, similar to onboarding to stock brokerage accounts for trading securities.
Exchange News
CoinList has introduced a unique family of staking funds that allow accredited investors in the US to earn rewards through investment in a fund that focuses on staking digital assets. The initial launch of the funds supports staking of Ethereum (ETH) and Near (NEAR), with plans to add support for other digital assets such as Flow (FLOW), Mina (MINA), Casper (CSPR), Agoric (BLD), Threshold (T), Sui (SUI), and Oasis (ROSE) in the future. Each digital asset will be pooled with similar assets and staked according to the protocol’s requirements, and investors will receive rewards in the native token they initially purchased or according to the protocol’s rules.
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Gaming News
iBLOXX Studios, the developer behind the upcoming battle royale shooter game StrayShot, has announced a collaboration with NBA personalities LaMelo, Lonzo Ball, and the entire Big Baller Brand family. StrayShot’s open beta will feature two NBA players as playable characters, offered as NFTs. The game’s Web3 gameplay is made possible by the UX design from iBLOXX Studios and the high-speed performance of the SKALE Network, which provides gas-free transactions. In addition to the game, iBLOXX Studios will release the Ball NFT collection as exclusive NFTs tradable across major marketplaces, including OpenSea. StrayShot is also developing its own digital gaming assets marketplace for players to purchase in-game NFTs.
Blockchain News
Developers of Worldcoin have updated the project’s state bridges to use a new architecture that saves gas and allows anyone to create a bridge for any Ethereum Virtual Machine (EVM)-compatible chain. State bridges are used to bridge the latest Merkle root to Optimism so that OpWorldID can properly validate the proofs. The update now allows teams to develop and operate their own state bridge to integrate World ID with their preferred blockchain and application, potentially unlocking new applications for a sybil-resistant, proof-of-personhood primitive.
Alchemy, a crypto startup, has launched its Account Kit, a complete toolkit for embedding smart accounts in an app. Powered by account abstraction (ERC-4337), Account Kit enables the development of products that feel like web2 but operate as fully web3 applications. Users can expect familiar sign-up options, including email, social login, or a seed phrase for Web3 users. The Kit also incorporates sponsored gas fees, allowing users to try the app without requiring ETH. Additionally, users have the ability to design their own checkout flow and sign transactions in the background.
Singapore-based blockchain analytics firm Nansen.ai has added Layer 1 blockchain NEAR to its portfolio of on-chain data accessible via Query, Nansen’s enterprise-ready blockchain data platform. This addition offers investors, developers, and community members critical insights into blockchain activity, user behavior, and market trends within the NEAR ecosystem. Users gain programmatic access to real-time data points, empowering them to make informed decisions and contribute to the growth and innovation of the blockchain ecosystem.
Overall, these recent developments represent the continued growth and expansion of the crypto and blockchain industry. Increased regulatory compliance, innovative financial products, and collaborations with notable figures demonstrate the increasing mainstream adoption and recognition of this emerging technology. As the industry continues to evolve, it is essential for both investors and users to stay informed and navigate this dynamic landscape.
