The Daily Crypto Digest (July 7, 2022)

🔸 Ethereum developers activate the merge on Sepolia testnet. https://www.theblock.co/post/156013/ethereum-developers-activate-the-merge-on-sepolia-testnet?utm_source=rss&utm_medium=rss

🔸 UK to introduce legislation on Stablecoins by August. https://www.coindesk.com/policy/2022/07/06/uk-to-introduce-legislation-on-stablecoins-by-august-boes-cunliffe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

🔸 MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank. https://www.theblock.co/post/156301/makerdao-approves-100-million-stablecoin-loan-vault-for-151-year-old-us-bank?utm_source=rss&utm_medium=rss

🔸 Only 17% of Ethereum stakers are in profit as validator deposits decline. https://www.theblock.co/post/156301/makerdao-approves-100-million-stablecoin-loan-vault-for-151-year-old-us-bank?utm_source=rss&utm_medium=rss

🔸 US bars crypto holders from contributing to crypto policies. https://cryptoslate.com/us-bars-crypto-holders-from-contributing-to-crypto-policies/

🔸 Apple doubles down on protecting user privacy with new Lockdown Mode. https://cryptoslate.com/apple-doubles-down-on-protecting-user-privacy-with-new-lockdown-mode/

🔸 Italy dedicates $46 million for blockchain research. https://cryptoslate.com/italy-dedicates-46-million-for-blockchain-research/

🔸 FTX willing to use $2B in cash to bail out crypto industry, stop contagion. https://cryptoslate.com/ftx-willing-to-use-2b-in-cash-to-bail-out-crypto-industry-stop-contagion/

🔸 Argo sold 637 bitcoin in June in an effort to strenghen its balance sheet. https://www.theblock.co/post/156304/argo-sold-637-bitcoin-in-june-in-an-effort-to-strenghen-its-balance-sheet?utm_source=rss&utm_medium=rss

🔸 DeFi protocol Aave proposes creation of stablecoin called GHO. https://www.theblock.co/post/156348/defi-protocol-aave-proposes-creation-of-stablecoin-called-gho?utm_source=rss&utm_medium=rss