June 7: Web3 Expansion, Telegram Ecosystem, and What’s up in Asia

Arweave's acquisition of the near-death social media Odysee signals a bold move to challenge major platforms like Twitter. Arweave aims to leverage its decentralized technology to offer a robust alternative to traditional social media, pushing the boundaries of Web3 integration in social networking.

Mountain Protocol's recent funding round aims to introduce the USDM stablecoin to the Solana blockchain, enhancing the network's stablecoin offerings and fostering greater financial stability and utility. Telegram's TONcoin, has reached an all-time high, reflecting strong market confidence and growing adoption. This surge underscores the potential of integrating various in-app games, and new currency Stars.

In Asia, Bybit appears to be enabling registrations and authentications in China despite regulatory challenges, indicating a strategic effort to tap into one of the world's largest markets. On the other side of Asia, Japan-based DMM Bitcoin is planning to raise funds following a recent hack. The market hopes that they will compensate the users avoiding another Mt.Gox-like situation.

McDonald's has launched "My Happy Place" metaverse in Singapore, blending virtual reality with its brand experience. Additionally, South Korean financial regulators are pushing for tighter oversight of cryptocurrency exchanges, and 7 exchanges are closing down real-time.

https://substack.com/@dcndailycryptonews

Today’s News👇

https://www.dlnews.com/articles/web3/arweave-acquires-crypto-social-media-app-odysee-we-havent-won-until-it-replaces-twitter/ 

https://www.dlnews.com/articles/markets/mountain-protocol-raises-to-bring-usdm-stablecoin-to-solana/

https://decrypt.co/234246/telegram-ton-linked-stars-currency-toncoin-all-time-high 

https://www.businesskorea.co.kr/news/articleView.html?idxno=218599 

https://www.cryptonewsz.com/bybit-appears-to-enable-registrations-and-authentications-in-china/ 

https://cryptonews.com/news/japan-based-dmm-bitcoin-plans-to-raise-funds-post-hack.htm 

https://www.cryptonewsz.com/mcdonalds-launches-my-happy-place-metaverse-in-singapore/ 

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