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CRYPTO HOT NEWS 07/01/2022

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

Facebook will support NFTs with a “digital collectibles” tab on creators’ timelines to display their work. NFT creators will be able to cross-post between Facebook and Instagram. Instagram is also testing NFTs in its Spark AR augmented reality platform.

AscendEX Lists Walken (WLKN), a Leading ‘Walk-to-Earn’ Game

A global cryptocurrency exchange AscendEX has launched a Leading ‘Walk-to-Earn’ Game Walken on Solana. ‘Walken’ is a game where players can convert their daily activity into in-game currency. Using a mobile device or wearable, gamers can easily track their steps and accrue gems, which can be used to upgrade NFT characters.

Coinbase providing customer geolocation data to ICE: Report

A new report of The Intercept — an American non-profit news organization, has indicated that crypto exchange Coinbase has provided Immigration and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE has been granted access to an intelligence-gathering application, called Coinbase Tracer, that provides a variety of forensic data tracking capabilities.

OP Crypto launches $100M fund to back early-stage crypto VCs

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments. Named “OP Funds of Funds I,” the fund has secured $50 million in commitments from major companies like FTX’s investment subsidiary LedgerPrime, FJ Labs and is targeting a hard cap of $100 million.

Grayscale’s legal challenge to SEC sparks response from the community

After Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund was denied, the firm launched a legal challenge against the United States Securities and Exchanges Commission. Following these events, the community responded with various reactions, from accusing the SEC of price manipulation to suggesting different solutions.

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