☀️ Good Morning!
Ripple, the company behind the XRP cryptocurrency, has emerged victorious in its three-year legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple's CEO, Brad, is optimistic that the SEC might wait several years before continuing the case, as the recent court ruling suggests that XRP is not considered a security in most cases. This legal victory has significant implications for the future of cryptocurrency regulation and investor protection.
🔥 Weekly Digests
- Elon Musk Unveils xAI: Elon Musk, CEO of Tesla and SpaceX, introduces xAI, an AI startup aimed at creating a safer alternative to ChatGPT. xAI focuses on developing a "maximally curious" AI that seeks to understand the universe. Musk predicts superintelligence within 5-6 years.
- Binance Faces Executive Exodus Amid Escalating Regulatory Pressure: Top executives at Binance, the largest cryptocurrency exchange, have departed amidst increasing regulatory scrutiny. The exits of the chief strategy officer, general counsel, and a compliance official have raised concerns about the future of the exchange. Binance is currently facing multiple investigations, including lawsuits from the SEC and CFTC. CEO Changpeng Zhao remains determined to move forward and continues to emphasize growth and recruitment efforts.
🤖 Exciting announcement on our search engine Hoot.it.
We are thrilled to unveil the completely reimagined Hoot.it, starting a new chapter for Web3 search engines. With enhanced speed and stability, Hoot.it delivers a seamless browsing experience like never before. We also incorporate dark mode which gives you a hacker vibe when browsing on our website 👀
Try it here, and start your Web3 journey with the enhanced scope and effortless navigation.
📚 Some Numbers#
$RSS3 Statistics (as of July 18 2023)#
| Market Cap | $ 44.37M | |
| 24h Volume / Market Cap ratio | 0.0662 | |
| 7d Low / 7d High | $0.098 /$0.108 |
Market DeFi Index#
Last week’s crypto market prices were up slightly at +3.58%. Volume and volatility increased by +26.00% and +60.52%, respectively.
🧐 Bitcoin (BTC) and Ethereum (ETH) were up +0.5% and +3.4%, respectively, in the past seven days. Other selected top-cap tokens also mostly increased.
Source: Crypto.com Research
RSS3 Network Metrics (as of July 18, 2023)#
| Total API Calls | 248.06M | |
| Total Open Web Activities | 450M | |
| Last 7-Days Active Personas | 118,317 |
🎉 Product Update#
- Continue on BUIDLing our products; Update to be released soon 👀
🧚♀️ Marketing Update#
-
RSS3 Founder @JoshuaRSS3 discussing misconception of the relationship between Open Web & Data Sovereignty on "#AI & #Web3 the New Narratives" - the Salon4 Round Table of @Future3Campus
-
We recently participated an insightful AMA session on the topic "Build the Next Generation Blockchain Infrastructure" featuring industry leaders @see_dao, @RealBlockPI, and @OpenBlockWallet. The session delved into the intricacies of web3 infrastructure and provided valuable perspectives on the future of the space. The participants shared their expertise and visions, offering a professional and engaging discussion that shed light on the evolving landscape of blockchain technology.
Stay tuned for more updates and keep the good vibes flowing!
📭 Til next week!
RSS3 Team
💡 RSS3 is an information dissemination protocol designed to achieve free, efficient, and secure information flow on the Open Web. We bridge Web3 to AI, search, social media, and beyond.
Find Us#
🐦 Twitter: https://twitter.com/rss3_
👾 Discord: discord.gg/CXrJFSeZQz
🤖 Official Website: https://rss3.io/
📮 Email: [email protected]