The Broke Ape Yacht Crash: Lessons for Justin Bieber and Other NFT Collectors

Why has Yuga Labs’ Bored Ape universe collapsed in value?Source

Hollywood Legend Steve McQueen Honored as ‘King of Cool’ in New NFT Collection

The racing-themed, 1,000-edition art NFT collection will give holders access to token-gated content, events and games celebrating the actor’s love of motorcycle racing.Source

Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners

A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset.Source

Former FTX US CEO’s New Venture Is Seeking to Harness AI for Crypto Trading

Brett Harrison’s new firm, Architect, aims to be an one-stop platform for institutional-grade crypto trading.Source

AI-Backed Blockchain Data Startup Web3Go Raises $4M

Binance Labs led the round with HashKey Capital, NGC and Shima Capital among the other backers.Source

Decentralized Exchange dYdX Launches Public Testnet on Cosmos

The DEX said users can now trade bitcoin and ethereum on the public testnet.Source

The Digital Euro and the P Word

A central bank digital currency doesn’t have to be a privacy nightmare, says Dea Markova. But privacy is a convenient attack vector for critics of CBDCs.Source

Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges

The decentralized cloud storage protocol has seen its market value double this week.Source

Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases

In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.Source

Elon, You Don’t Need Crypto to Do Twitter Payments

If Musk wants to build an instant cross-border network, he’ll find central bank real-time systems have moved on quite a bit since his days at PayPal, says J.P. Koning.Source