Daily Digest - 28th September 2022

Headlines

▌Vitalik: The New Book "Proof of Stake" Has Been Published

Vitalik tweeted that its new book "Proof of Stake" has been published, "This book brings together various works I have created in the past 10 years. Thank you to all those who helped achieve this goal!" Vitalik said on August 31 that the digital and physical editions of its nearly ten-year collection "Proof of Stake" will be published. Readers can now donate and receive digital copies and commemorative NFTs on Gitcoin, and all proceeds will be used for public welfare.

Policies

▌EU Plans to Introduce Legislation on Digital Euro in 2023

The European Commission plans to introduce legislation on a "possible" digital euro in 2023 to enable parliament and the European Council to debate it, European Commissioner Mairead McGuinness said at a conference hosted by the Banque de France today. Work on the digital euro is currently in the prototyping phase, with Banque de France president François Villeroy de Garau confirming that a decision will be made at the end of 2023 on whether to proceed, with a possible launch in 2026 or 2027. While work on the Euro Central Bank Digital Currency (CBDC) has largely focused on retail, the ECB confirmed earlier this week that it is also considering a wholesale CBDC for interbank payments.

Cryptocurrency

▌Federal Reserve Chairman Powell: The Same Risks and Regulations Should Be Adopted for Encrypted Assets, Encouraging Congress to Pass Regulation of Stablecoins

Federal Reserve Chairman Powell attended an expert group meeting on digital currencies and expressed support for responsible innovation, including encryption products. Regulation creates a level playing field, avoiding loopholes for regulatory avoidance, and the same risks and regulation that should be applied to crypto assets. We have a lot of work to do in terms of regulating traditional digital assets and new structures, and a lot of thinking about how to deal with this new technology. Powell said Congress is encouraged to pass regulation of stablecoins as potential stablecoin issuers are very interested in reaching the public more broadly, and the Federal Reserve will always be the primary source of trust in the currency. The Fed needs to play a role in money creation.

▌Christie’s Auction House Announces a New on-Chain NFT Marketplace

Christie's announced that it has partnered with Manifold, Chainalysis, and Spatial to launch a new NFT platform "Christie's 3.0". The new platform will help traditional auction houses to realize NFT sales, and all transactions (including after-sales processing) will be automated and fully on-chain. The platform’s inaugural sale will include nine NFTs by artist Diana Sinclair in a collection titled "Phases."

▌Axelar Partners with Mysten Labs to Bring General Message Passing to Sui Blockchain

Axelar, the proof-of-stake blockchain that connects Web3 ecosystems such as Avalanche, Osmosis, and Polkadot, is partnering with infrastructure firm Mysten Labs, which has recently raised a $300 million Series B investment round, to enable decentralized applications built on Mysten's Sui blockchain to provide a Web3 cross-chain user experience in a single click. Potential use cases for this partnership range from incorporating liquidity for digital assets into gameplay in Web3 games to leveraging digital assets as collateral for multi-chain borrowing and lending. Axelar and Mysten are creating an environment that moves beyond siloed ecosystems and allows developers to pull from all of the resources that the Web3 ecosystem has to offer.