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In this episode of The Scoop, TBD Lead Mike Brock explains how ‘Web5’ aims to reimagine the way trust is established and maintained between parties, and how this technology helps connect the emerging decentralized financial system to the existing real-world economy.

The post Block’s Mike Brock on ‘Web5’ and the role of digital identities appeared first on The Block.

Crypto wallet firm Crypto.com obtained two licenses in South Korea.

The post Crypto.com deals pave way to South Korea licenses appeared first on The Block.

The CFTC withdrew its no-action letter for PredictIt last Thursday, forcing the prediction market to close up shop by February.

The post PredictIt forced to close shop in the US by CFTC appeared first on The Block.

Morgan Stanley is looking for a product development manager to focus on building a wide-range of new crypto products.

The post Morgan Stanley job posting points to wide-ranging crypto plans appeared first on The Block.

Roundup of the notable events in crypto markets this week.

The post Futures volumes continue to climb as crypto prices pull back: the week in markets appeared first on The Block.

The current floor price of Tiffany’s NFTiff is trading down at around $46,000 each, according to NFTGo.

The post Tiffany sells out all 250 ‘NFTiffs’ for about $50,000 each appeared first on The Block.

The inquiry will focus on key policy issues concerning UK crypto and digital assets, with written submissions accepted until Sept. 5.

The post UK parliamentary group opens inquiry into crypto industry  appeared first on The Block.

The fund, which is currently worth about $200 million, consists of 6,000 BTC and 80 million USDT.

The post Singapore-based crypto exchange Bitget establishes $200 million protection fund appeared first on The Block.

BitMEX, one of the longest running derivatives exchanges in the crypto market, is moving into traditional financial markets with the launch of perpetual swap contracts tied to foreign currencies.  The firm announced Friday the launch of FX perpetual swap contracts (FX perps), which will allow its users to trade more than 20 contracts tied to […]

The post BitMEX launches FX perpetual swap contracts for institutional and retail investors appeared first on The Block.

Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• The EVM remains the most common execution environment among L1s with significant on-chain activity today. Yet even as scaling solutions have begun to trend toward a modular architecture over time, those with monolithic designs continue to offer promising alternatives to the EVM with reimagined execution systems
• This week, we look at two of the newest L1 chains leveraging the MoveVM with the goal of achieving greater security and execution speed: Aptos and Sui