Author: Cointelegraph by Ezra Reguerra
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Ethereum NFTs dominate 7-day sales rankings as ETH nears $4K
Ethereum NFTs lead weekly sales with nine of the top 10 collections, including CryptoPunks and Pudgy Penguins, as ETH nears $4K. Trading volumes and market caps surge amid broader NFT market growth.
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COINS Act model law offers blueprint for crypto regulation in India
Hashed Emergent and Black Dot propose the COINS Act, a model crypto law for India, addressing regulatory uncertainty, taxation, and recommending a new regulatory body (CARA) to oversee digital assets.
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SEC explores Ethereum token standard for compliant securities
The SEC met with Ethereum organizations to discuss ERC-3643, a token standard for compliant securities. The agency showed openness to industry-led blockchain standards for regulatory compliance.
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Indian crypto users may ‘force’ policy shift amid mounting demand
Indian crypto leader Sujal Jethwani predicts government policy shifts due to rising crypto demand, despite current high taxes and restrictive regulations, as traders increasingly adopt digital assets.
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Memecoin $79B rally means capital has nowhere better to go: Exec
The memecoin market surged to $79B, sparking debate among crypto leaders. Some view it as harmful to crypto’s reputation, while others see it as a mature, attractive sector driving market positivity.
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Bhutan should embrace decentralized identity systems
Bhutan’s unique naming culture and crypto initiatives position it to benefit from blockchain-based digital identity systems, modernizing its infrastructure while preserving cultural values.
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RGB Protocol to bring tokenized assets, USDT to Bitcoin
RGB Protocol launches on Bitcoin mainnet, enabling tokenized assets like USDT and NFTs while preserving decentralization and privacy. USDT will be its first use case, offering fast, cheap transfers via Lightning Network.
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60% of PUMP presale participants sold or transferred to CEXs
60% of PUMP presale participants sold or transferred tokens to CEXs, with 37% holding and 3% increasing holdings. PUMP’s price dropped 20% from its peak but defied expectations with a strong debut.
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Memecoin market cap grows 29% in July
Memecoin market cap surged 29% in July, adding $17 billion to reach $72 billion. Top performers included FLOKI, PENGU, and BONK, with Bonk’s growth driven by LetsBonk launchpad surpassing Pump.fun in revenue.
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BNB Chain targets 5,000 DEX swaps per second in 2025
BNB Chain plans a 2025 upgrade to handle 5,000 DEX swaps per second, increasing block gas limits and introducing Rust-based clients for better performance and scalability.
