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The planned Ethereum merger (The Merge) is expected to take place in Q3/Q4 2022. The current Ethereum mainnet will merge with the Proof of Stake Beacon Chain network.

FTX said it has no plans to suspend or settle ETH futures ahead of the merger, and will do its best to support its subsequent trading.

Ethereum futures and perpetual contracts (ETH-0930, ETH-1230, ETH-PERP) on FTX will track the Proof of Stake Ethereum network after the merger. FTX said it will continue to provide more details.

Billionaire Mark Cuban, owner of the NBA Dallas Mavericks, said on the Altcoin Daily podcast: People buy lots in the metaverse sucks — it’s the dumbest thing ever, and it’s super super dumb, Because in the crypto industry, it all comes down to the community, and after you create the community, you can figure out how crypto works.

However, Mark Cuban himself is an investor in Yuga Labs, which has successfully auctioned more than 55,000 virtual parcel NFTs in the Metaverse Otherside.

In this regard, Mark Cuban explained: I am an investor, but I think it is stupid, although they (Yuga Labs) make a lot of money, you call it virtual real estate, but it is really just a right of access.

At present, the total market value of various Bitcoin and Ethereum securities products in the market has reached 11.117 billion US dollars, an increase of 110.69% over the previous day.

Among them, the market value of Bitcoin securities products totaled $5.212 billion, accounting for 1.14% of the current market value of Bitcoin. The market value of Ethereum securities products totaled $5.904 billion, accounting for 2.78% of the market value of Ethereum.

Sky Mavis, the company behind Axie Infinity, said that despite regulatory hurdles, the company hopes to double down on the South Korean market and boost user adoption.

In an interview at Korea Blockchain Week on Aug. 9, Sky Mavis co-founder and head of growth Jeffrey Zirlin said that the Korean market is one of the most important gaming markets in the world, despite the country still banning P2E games. , we have a large number of players in Korea. ”

Zirlin added that the company is currently looking for ways to make Axie Infinity suitable for Korean players: “We want to double down on the bet. We want to localize, for example, Koreans don’t speak English, so to really get the game to Korean players There are still many obstacles in hand.”

South Korea’s ruling party and financial authorities will hold a Korea-US-EU Global Policy Conference on Digital Assets with U.S. and European Union officials on Aug. 11 at the South Korean National Assembly to discuss crypto-asset-related legislation.

Sung Il-jong, Chairman of the National Power Policy Committee of the ruling party of South Korea, Kim Yong-duo, Director of the Digital Finance Innovation Bureau of the Korea Financial Supervisory Service, Caroline Palm, a permanent member of the CFTC of the United States, and Peter Culstons, an advisor to the European Commission, will attend the meeting.

It is reported that South Korea currently has 13 bills related to virtual assets pending in the National Assembly. Earlier yesterday, Kim Joo-hyun, chairman of the Korean Financial Services Commission, announced that the Financial Services Institute (FIU) of the Korean Financial Services Commission will strengthen the inspection and supervision of virtual asset (cryptocurrency) operators.

Rugby World Cup winner, former England captain, and World Rugby Hall of Fame legend Lawrence Dallaglio has been appointed global strategic advisor by Caduceus, a protocol for decentralised edge rendering of the metaverse, working on bringing sports into the metaverse.

As one of the few players to win both the Rugby World Cup and the Sevens World Cup, Lawrence Dallaglio said: “I’m only interested in collaborating on top-notch projects in the industry, and Caduceus is the only project I’ve seen that is suitable for collaboration in the Web3 space, and it’s far ahead of others. Project, I believe this cooperation will be a very exciting journey.

As an open infrastructure platform for the metaverse and digital world, Caduceus has been favored by many sports superstars.

It has previously received investment from football legend John Terry, and has reached in-depth cooperation with Ian Botham, the godfather of British cricket, in NFT and the Metaverse.

CoinMarketCap statistics show that since May 11, the circulating supply of USDT has dropped by $17.24 billion, while the supply of USDC has increased by $7.3 billion, the supply of BUSD has also increased by $700 million, and the supply of DAI has decreased by $1.6 billion.

In addition, around July 20, the total market value of the four stablecoins USDT, USDC, BUSD, and DAI was higher than the total market value of Ethereum for the first time in history.

Flow announced that it has officially partnered with Instagram and launched the NFT showcase feature, through this new partnership, the community can share their favorite NFT collections directly on Instagram.

Previously, Instagram announced plans to launch NFTs of Ethereum, Polygon, Solana and Flow, and will first conduct pilot work for some groups of people.