Solang Welcomes Ethereum Developers to Solana as GameShift Revolutionizes Web3 Gaming

Welcome to Daily Digest, where we surface trending news in crypto-based on conversations we found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.

Here are the trending news items over the last 24 hours. If you’d like to see it’s realtime updated version, head over to our website?here

News

Solang opens Solana to Ethereum’s Solidity developers

Solang, a Solidity Compiler, has provided Ethereum developers a new avenue to build on Solana. This move is expected to attract more developers to the Solana ecosystem, further strengthening its position in the crypto space.

Solana Labs Introduces GameShift to Simplify Web3 Game Production

Solana Labs has unveiled GameShift, a unified web3 game development API. This tool is expected to simplify and accelerate the game building process on Solana, potentially attracting more game developers to the platform.

SEC Chair Gensler Cites 'Wild West' of Crypto in Case to Increase Agency's Budget

SEC Chairman Gary Gensler has requested additional funding for the SEC to expand the agency's capabilities and protect investors in the crypto industry. Gensler described the crypto markets as a "Wild West" filled with noncompliance and speculative assets that put investors' assets at risk.

Arbitrum Foundation introduces The Arbitrum Foundation Grants: Phase 1

The Arbitrum Foundation has announced its first ever grant program, called Foundation Grants. This program aims to foster ecosystem growth by providing grants to partner projects and educational initiatives. The Foundation Grants Program will focus on areas where increased development will have a greater impact on the Arbitrum ecosystem.

Elon Musk posted a Scooby-Doo meme—and Dogecoin adds $320 million in 15 minutes

Elon Musk's recent tweet of a Scooby-Doo meme led to a sudden increase in the value of Dogecoin, with the cryptocurrency adding $320 million in just 15 minutes. This demonstrates the influence that high-profile figures like Musk can have on the volatile crypto market.

SEC’s Stuttering Litigation Strategy Draws Comment From France

French officials have contrasted their crypto-ready laws with the stuttering enforcement campaign from the U.S. SEC. France has a crypto registration regime in place and new EU laws called MiCA will take effect in 2024. The MiCA laws allow wallet providers and exchanges to operate across the EU with a single license.

Multiple spot crypto ETF applications go to Federal Register in step toward SEC approval

Multiple spot Bitcoin exchange-traded fund (ETF) applications have been published in the Federal Register, moving them one step closer to approval by the United States Securities and Exchange Commission (SEC). The applications were filed by BlackRock, Fidelity, Invesco Galaxy, VanEck, and WisdomTree.

XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low

XRP, the native token of the Ripple payment system, has surged 10% in the past 24 hours, outperforming bitcoin and other top cryptocurrencies. This increase in value is attributed to a partly favorable ruling in an ongoing court case with the Securities and Exchange Commission (SEC).

Top Tweets

1. Starknet introduces Appchains, a technology that allows applications to benefit from Starknet's performance and scaling capabilities while providing customizability to meet unique app requirements. Appchains enhance performance, offer customization options, promote decentralization, and provide expressive smart contract language, delivering a superior user experience and attracting top developer talent.?Tweet
2. @BillHughesDC tweets about senators Warren, Marshall, Lummis, and Gillibrand proposal for a crypto-focused amendment to a national security bill, aiming to enhance Anti-Money Laundering systems and increase regulatory scrutiny on crypto activities.?Tweet
3. Solana announcement of Solang made waves. With support for Solidity and other Ethereum dev tools, this is seen as a great win for devs.?Tweet
4. Jon Lai of a16z gives a deep dive into different sectors of AI-first games they are excited for.?Tweet
5. Messari gives an intro to DePINs, which use tokens to incentivize the creation of real-world infrastructure, but face user demand challenges due to a lack of accessible tools.?Tweet

As always, stay tuned for more updates in crypto!