Recent data shows that bug bounties offered to white hat hackers to protect the DeFi?ecosystem have yielded contradictory results. And so, to boost safeguards, Connext proposed a?"Sovereign Bridged Token” to address multichain protocol flaws. The news of Ripple's partial?victory in its legal battle with the SEC has benefitted the DeFi tokens. For instance, the XRP?token’s price increased by 84 per cent.

Warner Bros Film The Flash Goes Web3

Warner Bros has created a Web3 experience for the recently released DC Comics superhero?film “The Flash”, which bombed at the box office.

The “experience”, which includes NFT collections, augmented reality, access to behind-the-scenes footage, and 4K super HD viewing, will debut on July 18, Warner Bros said in a?statement. Warner Bros. will store the project on the Eluvio blockchain, the same way as the?“Superman” and “The Lord of the Rings” Web3 experiences. The company said the premium?edition will cost $100 with higher perks and a chance to obtain better NFTs.

SEC Accepts BlackRock’s Bitcoin ETF Application

The SEC has acknowledged the start of an official review process for BlackRock’s Bitcoin?exchange-traded fund (ETF) proposal. Although it is only the first step in a protracted regulatory?road, the Bitcoin community values it highly. This acknowledgement shows that the SEC is?prepared to investigate the idea of a Bitcoin ETF and evaluate any potential market impacts.

The regulator revealed on Friday, July 14, that it is also considering applications for a number of?funds, including Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and?Invesco Galaxy Bitcoin ETF. This action shows that businesses are aware of the rising demand?for regulated Bitcoin investment vehicles and that they want to meet their customers'?expectations.