•Solana announced that the Saga phone would comprise a dApp store, free of 30% fees for developers and censorship-resistant.
•Metaplex has announced mechanisms to help NFT collections enforce royalties.
•The new updates from Solana and its projects show that it is still actively working, despite the recent upswing in fortune, which could affect the network or SOL in any way.

Solana, the high-performance blockchain network, has been actively working on different projects and initiatives, despite the recent upswing in fortune following the FTX incident, which caused its price to drop dramatically. On 24 January, Solana made an announcement about the upcoming Saga phone, which is set to be released by Sol Mobile soon.

The announcement detailed the final accessories that would accompany the Saga phone upon release, including a dApp store. This dApp store is the first of its kind, with no 30% fees for developers and crypto-friendly policies. It is also censorship-resistant, with app executables on decentralized storage, and composable, with app metadata accessible on-chain. With the dApp store, Solana could extend an open welcome to its developer and creator community and increase the network’s traffic.

Additionally, another Solana network project, Metaplex, recently announced mechanisms to help NFT collections enforce royalties. This announcement was creator-facing and showed that the network is still actively working on initiatives to improve the platform and benefit its users.

The updates from Solana and its projects demonstrate that the network is still actively working, despite the recent upswing in fortune. These changes could affect the network or SOL in any way, which is why the community is paying close attention to the developments and their effect on the network and the token’s price prediction for 2023-2024.

• MakerDAO is in the middle of a governance vote to decide the fate of Gemini’s GUSD stablecoin in its reserves.
• Early voting numbers suggest that MakerDAO will retain its exposure to GUSD, with more than 77% of votes cast in favor of retaining GUSD in the DAO’s reserves.
• A third option of eliminating all GUSD reserves has also been proposed.

The DeFi lending platform MakerDAO is currently hosting a governance vote to make a crucial decision regarding its reserves. The vote will decide whether or not MakerDAO should continue to maintain exposure to the GUSD stablecoin issued by Gemini, a cryptocurrency exchange founded in 2014.

The proposal, brought by the Strategic Finance Core Unit, states that MakerDAO currently enjoys $7.3 million of annual revenues from its $500 million exposure to Gemini’s GUSD. This revenue comes from a marketing incentive of 1.5% that Gemini pays to the lending platform for maintaining more than $100 million of GUSD. The vote will decide if MakerDAO should maintain this exposure at $500 million or reduce it to $100 million, or if it should eliminate all GUSD reserves from its reserves.

The vote was prompted by the recent controversies surrounding Gemini and its financial health. In response to this, community members have expressed concerns and requested MakerDAO to rotate its exposure out of GUSD altogether.

Early voting numbers, however, suggest that MakerDAO will retain its exposure to GUSD after all. Majority of the votes have been cast in favor of retaining GUSD in the DAO’s reserves. No votes were cast in favor of reducing the exposure to $100 million, while only a small portion of the votes were in favor of eliminating the stablecoin from the protocol’s reserves.

The results of this vote will have a major impact on MakerDAO and the cryptocurrency industry, as it will determine if MakerDAO will continue to maintain exposure to the GUSD stablecoin in its reserves. The outcome of the vote will be closely monitored by all stakeholders involved, as it will have an immense influence on the future of the DeFi industry.

• The United States Securities and Exchanges Commission has filed a charge against crypto exchange Gemini and crypto lending platform Genesis for offering and selling unregistered securities via Gemini’s Earn program.
• The complaint was filed in the U.S. District Court for the Southern District of New York for violating sections 5 (a) and 5 (c) of the Securities Act of 1933.
• Investigations into other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.

The United States Securities and Exchanges Commission (SEC) has filed a charge against crypto exchange Gemini and crypto lending platform Genesis for offering and selling unregistered securities via Gemini’s Earn program. The complaint was filed in the U.S. District Court for the Southern District of New York for violating sections 5 (a) and 5 (c) of the Securities Act of 1933.

The SEC’s action comes at the peak of Gemini and Genesis’ public fallout, which was caused by the Earn program. Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors. The program had 340,000 users and about $900 million in assets at the time of its suspension.

The genesis of the Earn program started in December 2020, when Genesis signed a deal with the crypto exchange. Gemini’s customers could loan their crypto to Genesis in exchange for interest, and Gemini, in return, received a fee of up to 4.29% on returns. However, this came crumbling down after Genesis suspended withdrawals as a result of FTX’s collapse. The money continues to remain locked and both platforms are yet to decide on a final solution.

Commenting on the charge, SEC Chairman Gary Gensler said, “Today’s action underscores that investors should be mindful of the risks associated with unregistered digital asset securities, including those offered and sold by entities located outside the United States. The SEC’s investigations into other entities and persons related to the alleged misconduct are still ongoing.”

Investors should be wary of the risks associated with unregistered digital asset securities and should invest cautiously. The SEC is continuing its investigations into other entities and persons related to the alleged misconduct.

• ChatGPT is an AI platform developed by OpenAI, which uses the GPT architecture and is trained on a massive amount of internet text data.
• This AI platform can generate human-like text-based responses to a given prompt, and has broken user records within 5 days of its launch.
• ChatGPT can be used by crypto developers and traders to aid in the development and trading of cryptocurrencies.

The world of cryptocurrency has been growing in leaps and bounds, with more and more people looking to get in on the action. However, with the complexity and volatility of cryptos, it can be difficult for new investors or developers to understand the market and make informed decisions. That’s where ChatGPT comes in.

ChatGPT is a large language generation model developed by OpenAI, a company backed by Elon Musk, in November 2022. Primarily, this text AI platform is based on GPT – Generative Pre-trained Transformer – architecture, and is trained on a massive amount of Internet text data. The platform is designed to be able to generate human-like text-based responses on a given prompt, and has been incredibly successful in doing so.

On the morning of 12 January, the markets patiently awaited U.S. CPI data for the month of December. Investors, across the board, expected inflation to go south of 7% – Well, for the very first time since November 2021. Keeping the U.S. Fed’s strong commitment to lowering inflation in focus, ChatGPT was used to generate a humorous response to the situation – “The Price is Wacky: A Laugh-Out-Loud History of U.S CPI.” Much to everyone’s surprise, ChatGPT crossed the 1 million user mark within just 5 days of its launch, a feat that took other popular platforms like Facebook, Instagram, Pinterest, and Angry Birds much longer.

So, how can ChatGPT be useful for crypto-holders? Well, for starters, it can be used to summarize complex topics related to cryptocurrency, and generate detailed reports on the same. It can also be used to create “chatbots” that can answer basic queries and provide information about the crypto market. Additionally, by understanding the language of the crypto market and its users, ChatGPT can help crypto developers and traders to make informed decisions. For example, the platform can be used to analyze the sentiment of the crypto market and identify trends in the market. This can give traders an early insight into the market, and help them to make informed decisions.

Overall, ChatGPT has revolutionized the way we view the crypto market. With its ability to generate human-like text-based responses and understand the language of the crypto market, it has made it easier for crypto developers and traders to make informed decisions. With its popularity increasing day by day, it is only a matter of time before ChatGPT becomes an integral part of the crypto world.