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💎 US House passes market structure bill to regulate the crypto industry 🧬The U.S. House of Representatives passed a crypto market structure bill that aims to regulate the industry at large, marking the first time comprehensive crypto legislation has been voted on in the full House. 💎The House voted 279 to 136 on Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. Seventy-one Democrats voted in support of the bill, including former Speaker of the House Rep. Nancy Pelosi of California.

💎 Uniswaps Labs and Across Protocol introduce token standard ERC-7683 for better cross-chain interoperability 💎Uniswaps Labs and Across Protocol have introduced a new Ethereum token standard called ERC-7683 for better cross-chain interoperability. 💎ERC-7683 aims to create a universal filler network for all cross-chain intents to follow in their order structure, tackling relayer fragmentation, Across Protocol explained on the social media platform X. Orders adhering to identical standards enable lower costs for fillers, a broader filler network for apps to use and lower costs passed onto users.

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💎 NFL Rivals hits $5 million in NFT trading volume thanks to quick swaps 🧬About a year on from its mobile app store soft launch, it seems like Mythical’s NFL Rivals is accelerating in terms of trading activity. 💎While it took 94 days to move from $1 to $2 million, more recent data suggests it would have taken just over a month — 32 days — to move from $4 to $5 million of trading. 💎Averaged across the time it took to go from $2 to $4 million, it would have been 65 days, which suggests a sharpening change in velocity.

💎 NFT Sales See Week-Over-Week Decline as Market Continues to Cool 🧬Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. As another week concludes, the metrics for NFT sales show a decline, falling 11.35% from the previous week. 💎The total sales recorded over the last seven days amounted to $145.41 million, with Bitcoin-based NFTs contributing $49.8 million to this volume.

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💎 Tornado Cash developer Alexey Pertsev sentenced to 64 months: report 🧬 Tornado Cash developer Alexey Pertsev was convicted on money laundering charges. A Dutch court convicted Pertsev, 31, of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and Aug. 10, 2022, DL News reported. 💎A three-judge panel sentenced the developer to five years and four months in prison. “Tornado Cash in its nature and functioning is a tool intended for criminals,” one of the judges overseeing the case reportedly said.

💎 OKX Launches "Space Nation x OKX Exploration Ship NFT Allowlist Giveaway" 💎 OKX is thrilled to announce the launch of its "Space Nation × OKX Exploration Ship NFT Allowlist Giveaway," in collaboration with Space Nation. Starting from May 9, 2024 to May 16, 2024, this giveaway event will offer community members the opportunity to win allowlist spots. 💎During the event, users who complete social media tasks, such as following OKX Web3 and Space Nation on X, as well as hold ≥ 0.005 ETH, will be eligible for the giveaway. OKX is offering 150 guaranteed and 250 backup allowlist spots to its community members.