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The Week contest: Chess team – The Week

This week's question: Employees of Silicon Valley and Wall Street giants, including Google and Goldman Sachs, recently faced off at a chess match, with teams aiming to prove their employer's intellectual superiority. If you could name the chess team for a major corporation, what would you call it?

Click here to see the results of last week's contest: Hot dog memoir

How to enter: Submissions should be emailed to contest@theweek.com. Please include your name, address and daytime telephone number for verification; this week, please type "Chess team" in the subject line. Entries are due by noon, Eastern Time, Tuesday, July 9. Winners will appear on the Puzzle Page of the July 19 issue and at theweek.com/puzzles on July 12. In the case of identical or similar entries, the first one received gets credit. All entries become property of The Week.

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Polish success in chess and bridge as Entebbe 2024 FISU Championship Mind Sports wraps up – FISU

The Entebbe 2024 FISU World University Championship Mind Sports has concluded in central Uganda. The event, which included competition in both chess and bridge, welcomed participants from 16 countries. This was Entebbes second time hosting a FISU event, having held the FISU Championship Cross Country in 2014.

In bridge competition, France, by way of their defeat of Chinese Taipei in the semi-final, took on Poland, which beat Germany in its semi-final. In the final, with a score of 15.30, Poland took the gold medal over France. This gave the country back-to-back gold medals, having prevailed in Antwerp in 2022, and its third in the last five FISU Championships as it won on home soil in 2016 in Lodz. The 3rd place playoff saw Germany take bronze with a score of 42.28.

Poland also had a strong chess tournament taking three out of four individual titles. In the womens blitz event it was a clean sweep for Poland. Julia Antolak took the gold medal with 7.5 points, and fellow countrywomen Liwia Jarocka and Anna Kubicka claimed silver and bronze respectively. For Kubicka, this bronze medal matches hers from the classic tournament two years ago in Antwerp, Belgium.

Aakanksha Hagawane of India won the womens classic gold medal in a very tight competition. A four-way tie materialized with Hagawane coming out on top due to tie breaks. Fellow Indian Saina Salonika finished in second place, while Polands Alicja Sliwicka won bronze. Sliwicka was the defending champion in blitz chess from the FISU Championship in 2022.

On the mens side, Milosz Szpar of Poland held off two Frenchmen to win the gold medal in the classic tournament. His score of 7.5 was enough to give him top spot, while Yovann Gatineau and Benjamin Defromont ended up second and third respectively.

Poland rounded out their stellar week in Entebbe with Igor Janiks win in the mens blitz chess event, with a score of 7.5. Hes a veteran in FISU podium finishes having taken silver in Antwerp in 2022 in both the classic and blitz events. Just behind Janik, tied at 7 points each, were Richard Mladek of Czechia and Richard Turcan of Slovakia, with Mladek claiming silver on the tie break.

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Polish success in chess and bridge as Entebbe 2024 FISU Championship Mind Sports wraps up - FISU

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ASX Now Aims To Deliver 1st Phase Of CHESS Replacement By 2026 – FinanceFeeds

The Australian Stock Exchange (ASX) is progressing with the targeted delivery of the first phase of the CHESS replacement project in 2026, the exchange group announced.

According to feedback received on the proposed two-stage approach to implementation, the majority of respondents support a staged implementation of the CHESS replacement system.

ASX intends to proceed with its overarching approach of implementing CHESS replacement across two main releases, with Release 1 delivering the clearing services and Release 2 focused on settlement and subregister functionality.

Clive Triance, Group Executive at ASX for Securities and Payments, said: The completion of the first of two key industry consultations on CHESS replacement is a notable milestone and the strong support we received for our initial proposals reflect the detailed engagement and consultation undertaken in the reassessment of the solution design. This delivers a level of certainty over the first phase of the timeline of the project. We are pleased at the engagement from the industry on this consultation and would like to thank stakeholders for providing their feedback.

Last year, ASX abandoned a blockchain-based CHESS core system replacement, ending a partnership of eight years with Digital Asset after many delays and no final product in sight.

The exchange has since acknowledged further transparency will be needed to regain stakeholder trust in the technology direction of the program. It has since gone back to basics with its replacement strategy, under the watchful eye of the Reserve Bank of Australia and ASIC, and partnered with TATA Consulting Services.

ASX also invited feedback from stakeholders on the proposed criteria ahead of making the first development incentive payment under the $70 million program, CHESS Replacement Partnership Program.The Partnership Program is designed to recognize the important work that will be undertaken on a go-forward basis as ASX, together with industry, work together toward the successful progress and completion of the CHESS replacement project.

The purpose of the Partnership Program is to establish a framework to provide a financial contribution toward stakeholder participation with respect to the successful progress and completion of the CHESS replacement project. This includes any technological and other development activities necessary to successfully interface and interoperate with the CHESS replacement solution that ASX is developing.

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ASX Now Aims To Deliver 1st Phase Of CHESS Replacement By 2026 - FinanceFeeds

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A Music of Shadows: Sheida Gharachedaghi Soundtrack to The Chess of the Wind – The Quietus

At a film festival in 1970s Iran, after the screening of The Chess of the Wind, a critic brutally asked the director Mohammad Reza Aslani, Who has permitted you to be a director? Later, another critic wrote What have the people done wrong that he wants to be a filmmaker?

The critics posed this question to a director whose film is now recognized as one of the best Iranian movies in history even within the flourishing context of 1970s Iranian cinema. The experience of watching The Chess of the Wind, especially considering the realistic and poetic context of Iranian cinema and the technological restrictions of the time, is stunning. The painterly cinematography and compositions, the meticulous decoupage and mise-en-scne, the camera movement, all of which become part of the narrative. The implicit references to both Iranian and European art, and the shockingly anachronistic zoom-out after the final scene, all make this film stand out. However, the movie was bashed by both the critics and the audience at the time of its screening and ignored in the histories of Iranian cinema, only to be rediscovered decades later.

The movies plot is full of intentional ambiguities and paradoxes, as if it is an expressionist effort to transmit the sense of fear and conspiracy felt by the main character rather than a well-crafted sensible story. In the 1920s, in an aristocratic family from the 19th century, following the death of the family matriarch, the paraplegic daughter, aided by her maid, fights to maintain control over her inheritance amidst greed and betrayal from the other family members, including her stepfather and his nephews. The story revolves around the conspiracies, ploys, and multi-faceted struggles to erase the potential heirs. It is metaphorical, symbolic, and open to interpretation. Some even suggest it foresees later events in the country.

The story, with its paradoxes, ambiguities, and intentionally disrupted and inaudible dialogues, in a way becomes a source of fear and anxiety in itself. Considering Aslani is known more as a documentary filmmaker than a director of fiction, this makes even more sense. He was one of the main figures of a poetic movement in 1970s Iran whose emphasis was on form rather than meaning, sense rather than ideology, and image rather than word.

Almost half a century after its limited screening and a few exclusive showings in the 2000s, the negatives of the film were accidentally found in a second-hand shop by Aslanis son. By restoring these negatives, Martin Scorseses World Cinema Project made it possible for the film to be internationally screened in high quality. Soon after, it gained attention both inside and outside Iran, and a rich volume was published in Iran in 2021 about the movie, shortly after its rediscovery.

Amongst many meticulously implemented ideas of the film, which have been explored by critics, one of the recurring themes is shadow. Several scenes and the dark yet rich palette of the film imply this, including the famous scene of forging deeds at the beginning. Even in her dream, the main character has experienced a world where there were no shadows. The characters in the film are shadow-like presences, plotting conspiracies, and neither the main character nor us, the viewers, will ever get through the obscurity of who is doing what. Also, just like shadows, one can see their traces, but cannot see them themselves. The shadows are not only expressed visually, dialogically, or narratively; music and sound also play a crucial role in conveying the eerie traces of the unseen.

Composed by Sheida Gharachehdaghi, the score fits perfectly into the dark, mysterious, and poetic ethos of the film. Gharachehdaghi, one of the few prominent female composers of the time, studied composition in Vienna and returned to Iran in 1969. Before composing music for The Chess of the Wind, she composed music for several short and feature films, including movies directed by the likes of Bahram Beyzaei. After returning, she established the music centre in the Centre for the Intellectual Development of Child and Adolescent in Iran (CIDC), and systematically implemented the Orff method in music education for the first time. She is known as a contemporary composer, with experiences ranging from operatic works (Fairies, 1989) to pieces for piano solo (The Window to the Garden, 1990), and music for children, composed during her years at CIDC.

In her music, there are occasional direct or subtle references to different Iranian music genres. In Fairies, for example, Iranian music is applied as a narrative tool, directly used yet decontextualized and accompanied by an English translation of a famous contemporary Persian poem, an approach repeated in The Chess of the Wind by the blind musicians who play Iranian classical music out of its context, in a grotesque backdrop. In Chahargah, another piece of hers, an Iranian classical mode is reinterpreted with a contemporary touch. The Chess of the Wind, though, offers a different reading of Iranian musical elements.

Of all the sources of inspiration for her composition, Gharachehdaghi chose one of the most unexpected ones. The film starts with the atonal and unmetered sounds of wind instruments on a background of a metric pattern played by percussion. This combination is very similar to what is known as the music of naghreh-khneh (naghreh-room) in Iran. Naghreh-khnehs were open rooms usually situated on the top of the gates of certain buildings of significance, hosting a group of musicians, playing wind instruments such as sorn and karen, and the percussive naghreh. None of these instruments are typically used in Iranian classical music but are mostly used in certain folklore genres. These musical rooms have existed since at least the 16th century, and European travelers have described its music as chaotic and unpleasant. Musicians in these rooms had to play before dawn and after sunset, in royal ceremonies, in wars, and on special occasions, such as Islamic holidays or the start of the Iranian New Year. There are few active naghreh-khnehs in Iran in religious buildings, such as the holy shrines in Qom and Mashhad; therefore, the contemporary connotations of this type of music are more religious than before.

In this context, the composers choice of this spatio-musical tradition makes more sense. Apart from its historical character, which suits the setting of the story, the amelodic (or even atonal), chaotic, yet polyphonic nature of naghreh-khnehs music fits the multi-layered interplay of conspiracies within the house. Its religious and apocalyptic connotations, reminiscent of the Islamic musical idea of The Trumpet of Israfil, which also heralds the resurrection of the dead, serve the end-of-an-era narrative of the film. Its intertwining with themes of war and terror further emphasizes the violent fate of the characters.

What makes this choice more meaningful is its capacity to be re-framed through an atonal reading, which makes it both contemporary and mysterious. Apart from the opening credits, the composed music score is used in only three other scenes, all of which are murder scenes. In these scenes, the music remains arhythmic and atonal, with occasional vague references to Iranian intervals and melodic figures. Similar to the directors gothic reading of Iranian architecture, the composer offers an unconventional interpretation of Iranian musical elements, which is not lyrical or nostalgic, but rather grotesque, mysterious, and terrifying.

The sounds used in the movie, as heard in the record, also play an important role in emphasizing the gothic ethos of the movie. The shadows are heard in the sounds and voices with invisible sources, such as the coughs and laughter of a supposedly dead character apparently coming from nowhere. Other musical elements fill the silence in the eeriest way, such as the sounds made by the main characters wooden wheelchair, or the ticking sound of the clock and the clinks of the metal flail which, in the murder scene, are dissolved into the music.

These elements represent gaps, silences, or absences: the wheelchairs sound represents the main characters pain, and the constant ticking and clinking are shadows of their fear of the supposedly murdered man even after his death. The sounds, just like the visual elements of the film, are the sonic shadows of the characters, who remain inaccessible throughout the entire film. Aslanis movie and Gharachedaghis score mirror the story and its characters: after decades of dwelling in shadows, they rose from the dead and emerged into the light.

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A Music of Shadows: Sheida Gharachedaghi Soundtrack to The Chess of the Wind - The Quietus

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Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’ – Cointelegraph

Ethereums outspoken co-founder Vitalik Buterin recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.

Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described a situation where current regulatory efforts have essentially painted good-faith cryptocurrency developers into a corner:

On the anarchy side of things, there appears to be no end to the glut of bad actors, scammers and baseless hypesters proliferating on social media and sharing platforms.

Buterin previously made three recommendations that purported to solve the problem of useless cryptocurrency products and services:limiting leverage, requiring audits and transparency, and gating usage with knowledge tests.

While its unclear how cryptocurrency knowledge tests could be implemented at a regulatory level or administered at the individual or corporate level, it would likely be a matter of policy to place limits on cryptocurrency project leverage and institute auditing and transparency reporting requirements.

Unfortunately, the cryptocurrency community's sentiment seems to be that the United States has both an outsized number of cryptocurrency users and an approach to cryptocurrency regulation that could best be described as nebulous or uneven.

Buterin said that rather than offer the most protections to companies and projects without a long-term vision or plan, he would much rather see us move to the opposite situation, where issuing a token without giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing.

However, Buterin also alluded that implementing regulations that serve the cryptocurrency industry is only part of the battle:

Related: Vitalik Buterin endorses TiTok AI for onchain image storage

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Vitalik Buterin says crypto regulations have created 'anarcho-tyranny' - Cointelegraph

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Funding Wrap: Vitalik Buterin backs MegaLabs in its seed raise – Blockworks

Two prominent raises led this weeks funding rounds.

Lets start with the most recent announcement, which came from the first real-time blockchain backed by heavy-hitters such as Vitalik Buterin.

MegaLabs raised $20 million in a seed round backed by Dragonfly. The funds will be dedicated to developing MegaETH. Other investors included Figment Capital and Consensys CEO Joseph Lubin, as well as Jordan Fish (also known as Cobie).

Blockworks podcast hosts Santiago Santos and Mert Mumtaz also participated in the round.

According to a press release accompanying the announcement, MegaETH is capable of streaming transactions at 100,000 transactions per second with millisecond-level responsiveness. Its near-instant performance unlocks fully onchain applications that can finally match the experience of best-in-class Web2 apps while delivering on the promises of decentralization.

Read more from our opinion section: Layer-3s are the future of scalability

Creating hyper-scalable EVM implementations is a key prerequisite for truly scaling Ethereum. I am excited to see brilliant developers taking on this challenge, Vitalik Buterin said in a statement shared on Telegram.

MegaETHs testnet is set to go live this fall.

But it wasnt the only funding round to hit double-digit raises this week.

Colosseum, a startup accelerator focused on Solana, announced a $60 million raise which will be put towards early-stage projects.

The last 15 years of crypto has taught us that the best ideas often arise from the most uncommon corners of the internet. Colosseums mission is to ensure more of those ideas are brought into production and accelerate the growth of the onchain economy, co-founder Clay Robbins wrote in an announcement.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

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Funding Wrap: Vitalik Buterin backs MegaLabs in its seed raise - Blockworks

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Vitalik Buterin’s New Net Worth Revealed by Arkham – BeInCrypto

According to on-chain analytics firm Arkham Intelligence, Vitalik Buterins net worth surged from $552.86 million at the start of 2024 to $834.66 million at the time of writing.

Ethereum co-founders wealth primarily comes from his substantial ETH holdings and strategic investments in various crypto projects, including StarkNet.

Buterins foray into cryptocurrency began in 2011 when he co-founded Bitcoin Magazine. Dissatisfied with Bitcoins limitations, he proposed Ethereum in 2013 to create a more versatile blockchain. When Ethereum launched in 2015, Buterin received a significant portion of its initial supply, forming the bedrock of his wealth.

Buterins known ETH holdings, amounting to approximately 245,279 tokens, significantly impact his net worth. The value of these holdings fluctuates with the market prices of Ethereum.

At the peak of the 2021 bull market, when ETH secured its all-time high of $4,891, his net worth surpassed $2 billion. By the end of 2022, market downturns reduced it by about 75%. Despite this volatility, Buterins strategic investments and continued role in Ethereum sustain his financial stature.

Read more: Who Is Vitalik Buterin? An In-Depth Look at Ethereums Co-Founder

In 2018, Buterin publiclystatedthat he has never held more than 0.9% of all ETH. This claim appears accurate: his known ETH holdings have never significantly exceeded 0.9% of the total supply, with his highest ownership at 0.91% in 2015. Since then, Buterins ETH holdings have been decreasing annually.

However, Buterin remains the largest individual holder of ETH. Ethereum pre-sale investor Rain Lohmus, who holds 250,000 ETH, could challenge this title, but he haslost access to the private keys.

Buterin also owns other digital assets. His top non-ETH holdings include 869,509 KNCL tokens from Kyber Network, where he serves as an advisor, valued at about $473,830, 845,205 STRK tokens from StarkNet, and 248.42 Wrapped Ether (WETH) tokens worth approximately $436,920.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

Arkhams publication caused mixed reactions. Some crypto community members condemned the platforms actions, arguing that the Ethereum co-founder hardly cares about his net worth.

I believe that Vitalik Buterin does not care about how much money he has. His wealth lies in blockchain and his belief in what he is doing. Therefore, I do not care if he is the richest man in the world or the poorest. Enter his mind, not his wallet, one X user said.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Ethereum’s Buterin outlines ways to enhance transaction speed – crypto.news

Vitalik Buterin, co-founder of Ethereum, has put forward new proposals aimed at reducing transaction confirmation times, suggesting significant improvements to the system.

Ethereum co-founder Vitalik Buterin has outlined new strategies to reduce transaction confirmation times on the Ethereum network, saying there are some applications that require latencies on the order of hundreds of milliseconds or even less.

In a Jun. 30 blog post, the Ethereum co-founder noted that even though Ethereum has already improved a lot compared to five years ago, there is still value in improving user experience further. Buterin outlined several methods to enhance transaction speeds, including single-slot finality (SSF), which replaces the current complex slot and epoch architecture.

The main challenge with SSF is that naively, it seems to imply that every single Ethereum staker would need to publish two messages every 12 seconds, which would be a lot of load for the chain to handle.

Vitalik Buterin

Another proposal involves based preconfirmations, a mechanism allowing users to offer additional fees for immediate transaction guarantees.

The basic idea, Buterin says, is to create a standardized protocol where users could offer additional fees in exchange for an immediate guarantee that the transaction will be included in the next block. The key feature of this approach is that this mechanism can be used for any layer-2 solutions like Optimism, Arbitrum, or Base.

In Bitcoin, the expected block time is around 10 minutes, which is too long for everyday payments. However, BTC is increasingly being labeled as a store of value rather than a payment solution. In contrast, Ethereum is significantly faster, requiring around 12 seconds to generate a block.

However, this is still too slow compared to rivals like Solana, which generates blocks in 0.4 seconds. Ultimately, Buterin acknowledges that a 12-second block time might be enough for certain applications like Ethereum-based domains and some payments. However, he points out that for those seeking faster solutions, the only viable option so far is a slot-and-epoch architecture.

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Vitalik Buterin Proposes Ethereum SSF for Faster Transaction – Crypto Times

Ethereum co-founder Vitalik Buterin has outlined a potential shift in Ethereums roadmap toward a Single-Slot Finality (SSF) mechanism to address current consensus challenges.

In a blog post, Buterin discussed the drawbacks of Ethereums existing epoch-and-slot system, highlighting its complexity and slow finality period of 12.8 minutes, which can inconvenience users.

The current Ethereum Gasper consensus mechanism uses a slot-and-epoch model where 32 slots are voted on in 12-second intervals, and epoch finality is achieved every 12.8 minutes.

Buterin pointed out several problems with this model, including interaction bugs between voting mechanisms and unreasonably long finality times.

In response to these issues, Buterin came up with the Single-Slot Finality (SSF) that is based on Tendermint consensus. In SSF, each block is completed as soon as it is produced, which enhances the confirmation of transactions compared to the traditional method.

This innovation is expected to enhance the quality of the services delivered to the users by cutting down the time taken to complete a transaction from minutes to milliseconds.

Buterin acknowledges that the initial SSF solution could overload the Ethereum network with validators messages and discusses ongoing efforts to address these challenges through the Orbit SSF proposal.

The Ethereum development community is constantly working on improving the SSF mechanism to make it even more effective. New developments show that Ethereum Layer-2 solutions have received a boost and are now more active.

These are among the improvements that Ethereum has been making as it seeks to address the challenges of scalability as more people adopt the technology and as competition intensifies in the blockchain space.

While Ethereum still works on improving its consensus algorithms and scalability approaches, Buterins proposals give a hint at the potential for the development of a quicker and more efficient blockchain environment.

Also Read: Vitalik Buterin Highlights Ethereum DApp Innovations

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Vitalik Buterin Proposes Ethereum SSF for Faster Transaction - Crypto Times

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Ethereum Co-Creator Vitalik Buterin Slams ‘Anarcho-Tyranny’ Of Crypto Regulations, Says ‘Useless’ Projects Safe … – Benzinga

Vitalik Buterin, co-founder of Ethereum ETH/USD, recently expressed his concerns over the current state of cryptocurrency regulation, particularly in the United States.

What Happened: While responding to a user on decentralized social network, Warpast, Buterin criticized the anarcho-tyranny of current cryptocurrency regulations. He argued that companies offering vague promises of potential returns are allowed to operate freely, while those providing clear explanations of returns and customer rights are penalized for being a security.

The incentive gradient that this anarcho-tyranny creates ends up worse for the space than either plain anarchy or plain tyranny, the cryptocurrency technologist remarked.

While Buterin did not outright target any project, his comments appeared to be directed at memecoins, particularly those launched by celebrities. Hed previously questioned the motive behind these endeavors.

See Also: Roaring Kittys Dog Post On X Doesnt Do Much For Dogecoin, Shiba Inu, But Sends This Cat-Themed Crypto Shooting Up

Buterin added that he would prefer the industry to develop in a direction where launching a coin without a long-term aim welcomes more scrutiny, while projects with a clear long-term vision are encouraged.

Why It Matters: Buterins comments come in the wake of a lawsuit filed by the SEC against ConsenSys, a blockchain software company, for alleged violations of federal securities laws. The SEC claims that ConsenSys failed to register as a broker and did not register the offer and sale of securities, leading to substantial investor protection concerns.

Interestingly, the SEC recently closed an investigation into whether Ether is a security, marking a significant win for the cryptocurrency.

The SECs decision comes after it cleared asset managers to launch spot exchange-traded funds tracking the spot price of Ether in May.

Price Action: At the time of writing, SOL was exchanging hands at $3,491.97, rising 3.7% in the last 24 hours, according to data from Benzinga Pro.

Photo by Alexey Smyshlyaev on Shutterstock.

Read Next: Solana Soars 16% Over 7 Days, Outpacing Bitcoin And Ethereum Over ETF Application Momentum More Applications To Follow?

Disclaimer:This content was partially produced with the help ofBenzinga Neuroand was reviewed and published by Benzinga editors.

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Ethereum Co-Creator Vitalik Buterin Slams 'Anarcho-Tyranny' Of Crypto Regulations, Says 'Useless' Projects Safe ... - Benzinga

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