European Council outlines digital euro, John Calhoun introduces Zanaadu, Bitcoin open interest reaches highs, and other Web3 news

The European Council has outlined its negotiating position for digital euro legislation, insisting on both offline and online versions, while the European Central Bank targets a 2029 launch. The digital euro aims to support various payment needs, including machine-to-machine payments and business-to-business conditional payments. (📰ledgerinsights.com)
John Calhoun introduced Zanaadu, a new social media platform that combines Web2 user experience with Web3 data ownership, aiming to bridge the gap between the two worlds and allow users to earn from their interactions. Zanaadu is currently in beta and offers open-source features with smart contracts available on GitHub. (📰CoinGeek)
Bitcoin perpetual open interest has reached new highs, indicating that leveraged traders are positioning for a potential price move before year-end, with rising funding rates suggesting bullish sentiment in the market. Additionally, Remittix is developing a PayFi network for seamless crypto-to-fiat transfers, while MovitOn is creating a blockchain-powered peer-to-peer delivery network. (📰Bitget)