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🌙 SEC Targets OpenSea; Sony Advances in Web3

The SEC targets OpenSea for potential enforcement, while Sony advances in Web3 with its new blockchain, and TON blockchain faces a major outage.

Author

Mike Gavela
August 28, 2024

Crypto Roundup - August 28

The SEC has issued a Wells Notice to OpenSea, indicating potential enforcement action against the NFT marketplace for allegedly offering unregistered securities through its platform. This move could have significant implications for the broader NFT industry, particularly in how digital assets are classified and regulated in the U.S. At the same time, the TON blockchain suffered a major setback with a six-hour outage, halting all transactions and raising concerns about its technological robustness and future viability. In a notable development in the blockchain space, Sony announced the launch of a testnet and incubator for its Soneium Layer 2 blockchain, designed to support scalable and secure decentralized applications. This initiative underscores Sony's commitment to expanding its presence in the Web3 ecosystem, leveraging its technological expertise to foster innovation.

Top Stories

  • SEC issues Wells Notice to OpenSea, signaling potential enforcement action for allegedly offering unregistered securities through NFTs, impacting the broader industry.

  • TON blockchain experiences a six-hour outage, disrupting transactions and raising concerns about the network's reliability and future viability.

  • Sony launches testnet and incubator for the Soneium Layer 2 blockchain, marking a significant step in its efforts to drive innovation and scalability in the Web3 space.

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TOP STORIES

OpenSea marketplace receives Wells notice from the SEC

OpenSea CEO Devin Finzer pledged $5 million to cover legal fees for NFT creators and developers who could also be targeted by the SEC.

cointelegraph.com/news/opensea-wells-notice-sec-nfts

TON blockchain was down amid a six-hour outage

The TON team said it has called validators to restart at 4 a.m. UTC on Wednesday, while the network remains clogged.

www.theblock.co/post/313367/ton-blockchain-now-down-six-hours

Sony Launches Testnet and Incubator For Soneium Layer 2 - "The Defiant"

Sony launched a testnet and incubator program for its upcoming Ethereum layer 2, Soneium.

thedefiant.io/news/blockchains/sony-launches-testnet-and-incubator-for-soneium-layer-2

OTHER HEADLINES

Telegram CEO Pavel Durov released from French custody and will appear in court: report

Telegram CEO Pavel Durov has been released from French police authority, where he faces his first court appearance and potential indictment. 

www.theblock.co/post/313544/telegram-ceo-pavel-durov-released-from-french-custody-and-will-appear-in-court-report

Stacks co-creator on how the Nakamoto upgrade will drive a $70bn market for Bitcoin DeFi

Until now, Bitcoin has been absent from the Stacks blockchain.

www.dlnews.com/articles/defi/stacks-nakamoto-upgrade-brings-bitcoin-defi-with-sbtc-token

Telegram-Based Hamster Combat Announces September Token Launch - "The Defiant"

Hamster Kombat, the tap-to-earn game on Telegram, said it will issue its token and distribute HMSTR via an airdrop to users on Sept. 26.

thedefiant.io/news/nfts-and-web3/telegram-based-hamster-combat-announces-september-token-launch

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