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Japan recognizes XRP, Cardano wallet shuts down, ImagenNetwork enhances tools, and other Web3 news

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  • ImagenNetwork has enhanced its AI-powered media tools to assist Web3 creators in efficiently building, managing, and distributing digital content across decentralized ecosystems, while preserving creator ownership. (📰Issuewire)
  • The focus in Web3 should shift from growth metrics to establishing a credible Reputation System that values long-term engagement and contributions, as proposed by NucleusCodes. (📰KuCoin)
  • Cardano wallet SecondFi is shutting down after a software exploit allowed attackers to steal 16.1 million ADA ($2.4 million) from 374 wallets, with plans to release wallet export tools and a recovery portal later in August. (📰CoinDesk)
  • The Hamster Kombat Daily Cipher is a challenge in which players decode a hidden word using Morse code in Telegram to earn $HMSTR tokens, with additional daily tasks and events available to maximize earnings. (📰Coin Gabbar)
  • Japan has established a framework recognizing XRP as a financial asset, allowing banks to hold digital assets and planning to reduce taxes on XRP and crypto from 50% to 20%. (📰KuCoin)
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