WAO ART

TON is exploring the launch of a layer-2 scaling solution using the Polygon CDK. The TON Applications Chain (TAC) will build the L2 solution as a zk-powered engine. TON is known for its advanced technology and aims to replicate this in the proposed layer-2 engine.

Brazil's data protection agency prohibits Meta from using citizens' data for AI training. Meta planned to use public data from Brazilians on Facebook, Instagram, and Messenger. Some have warned against Meta's use of citizens' data in other markets.

Crypto investment firm Hypersphere Ventures has opened its liquid fund, Atlas, to outside investors. The fund has already gathered $130 million in assets under management. Atlas aims to provide 40% returns through various trading strategies, including DeFi, quantitative, market making, and arbitrage.

ABS2024 technology summit in Taipei will focus on Blockchain, AI, and the Future of Governance. The summit will host major conferences including Web3 Game Con. Taiwan is known for its advancements in technology and its open and collaborative policy for Web3 builders and founders.

Nigerian recycler Terra Alloy has raised over EUR 9 million to modernize aluminium recycling efforts. TLG Capital and Wema Bank are backing the project to transform the metals recycling industry in Nigeria. Terra Alloy will be able to recover three Eiffel Towers' worth of metal over the next five years.

Australia approves Bitcoin ETF on ASX. Sydney-based asset manager DIGITALX secures approval for Bitcoin ETF. ETF to be listed on July 12 with ticker BTXX. This is the second Bitcoin ETF to receive approval in Australia. Growing interest in cryptocurrency investments in Australia.

The German government is preparing to sell $342 million worth of Bitcoin. This follows a recent dip in the crypto market caused by simultaneous selling from the German government and Mt. Gox. Mt. Gox is returning funds to users who lost their crypto holdings, leading to further selling of BTC.