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<h2 id="header-0">This Week in Web3: Top Headlines</h2><ul><li>RFK Jr. Applauds Trump’s Cryptocurrency Commitment</li></ul>In a surprising turn of bipartisan support for cryptocurrency, independent presidential candidate Robert F. Kennedy Jr. has expressed enthusiasm for former President Donald Trump’s commitment to the crypto space. Speaking at Consensus, Kennedy highlighted the importance of crypto for freedom and transparency, underscoring his common-sense approach to the digital currency debate. He praised Trump’s support and aligned with Trump’s pledge to review the case of Silk Road founder Ross Ulbricht, emphasizing the need for fairness.Kennedy, who recently purchased 21 bitcoins for himself and his children, advocates for treating crypto as a currency rather than taxing it as capital gains. He envisions a future where cryptocurrencies facilitate everyday transactions, promoting financial freedom and innovation. Criticizing the current regulatory environment, Kennedy called for sovereignty over digital wallets and transparency in currency, aiming to position America as a leader in blockchain technology. He reiterated his ambitious plan to put the federal budget on the blockchain to decentralize the country and foster innovation.<h3 id="strong-biden-vetoes-resolution-to-overturn-sec-s-sab-121-rule-strong">Biden Vetoes Resolution to Overturn SEC’s SAB 121 Rule</h3>President Joe Biden has vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. This rule requires financial institutions that safeguard customer digital assets to consolidate these assets on their balance sheets and make specific disclosures. Biden defended the veto, emphasizing that SAB 121 reflects the considered technical views of the SEC staff and is essential for protecting consumers and investors.Biden’s administration seeks to work with Congress on creating a balanced crypto regulatory framework. Despite bipartisan claims by the resolution&#39;s supporters, voting records showed dominant Republican support. The American Bankers Association (ABA) has called for modifications to SAB 121 rather than a complete overturn, highlighting ongoing debate and potential future challenges to the rule.<h3 id="strong-surge-in-blockchain-gaming-investments-strong">Surge in Blockchain Gaming Investments</h3>2024 Q1 has seen a significant revival in investor interest in the crypto market, particularly in blockchain gaming. April witnessed a staggering $988 million in investments, the highest monthly figure since January 2021. This surge is attributed to new technologies like Ethereum&#39;s Account Abstraction and the rise of Layer 3 blockchain solutions.Major firms such as a16z and Bitcraft Ventures are heavily investing in the sector, with a16z raising a $600 million gaming fund. User engagement metrics are also strong, with daily active wallets for gaming dApps reaching nearly 3 million and the number of active blockchain gamers growing by 83% in 2024 to 90.3 million users.Technological advancements like Account Abstraction and Layer 3 solutions are enhancing the user experience by eliminating seed phrases, reducing gas fees, and enabling seamless integration with familiar login options. These innovations are expected to drive the next wave of GameFi products and propel Web3 gaming into mainstream adoption.<h3 id="strong-prepare-for-the-pinnacle-gathering-of-the-year-strong">Prepare for the pinnacle gathering of the year!</h3>Money20/20 Europe, the home of the ecosystem, returns to invigorate your networking, supercharge your business and level-up your ROI opportunities. Unite with the unstoppable and join 8,000&#43; visionaries, trailblazers, and innovators from over 2,300 companies, spanning financial institutions, fintech disruptors, tech juggernauts, emergent startups, policy architects, and more! This is YOUR golden ticket to grasp the reins of transformation with all you need under one roof. Claim your pass NOW and secure your spot. Use code DEF250 to save €200.Catch up on our published articles for the week!NEWS<ul><li>Bitdeer Technologies Secures $100M Investment from Tether to Power its Bitcoin Mining Ambitions &gt;&gt;&gt;<a href="https://defi-planet.com/2024/05/bitdeer-technologies-secures-100m-investment-from-tether-to-power-its-bitcoin-mining-ambitions/" rel="noopener noreferrer nofollow"> Learn more </a></li><li>On-Chain Report Reveals Caitlyn Jenner’s Alleged Involvement in $JENNER Memecoin Dumping Scheme &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/on-chain-report-reveals-caitlyn-jenners-alleged-involvement-in-jenner-memecoin-dumping-scheme/" rel="noopener noreferrer nofollow">Learn more </a></li><li>EOS Network Community Approves Proposal to Cut Token Supply by 80% &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/the-eos-community-in-a-significant-move-has-approved-a-proposal-to-reduce-by-burning-nearly-80-of-the-current-eos-supply/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Community Backlash Intensifies as Linea Asks Matter Labs to Abandon “ZK” Trademark Application &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/community-backlash-intensifies-as-linea-asks-matter-labs-to-abandon-zk-trademark-application/" rel="noopener noreferrer nofollow">Learn more </a></li><li>BabyDogeCoin Team Proposes Token Contract Renouncement on Ethereum and Binance Smart Chain &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/babydogecoin-team-proposes-token-contract-renouncement-on-ethereum-and-binance-smart-chain/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Mastercard Launches “Crypto Credential” For Live Peer-to-Peer Transactions &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/mastercard-launches-crypto-credential-for-live-peer-to-peer-transactions/" rel="noopener noreferrer nofollow">Learn more </a></li><li>$29M Worth of Cryptocurrencies Seized as US DOJ Arrests Man Behind World’s Largest Botnet &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/29m-worth-of-cryptocurrencies-seized-as-us-doj-arrests-man-behind-worlds-largest-botnet/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Galxe Unveils ‘Gravity’ Layer-1 Blockchain for Mass Web3 Adoption &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/galxe-unveils-gravity-layer-1-blockchain-for-mass-web3-adoption/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Bitcoin Mining Pool OCEAN Sets Up Global Hub in El Salvador &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/bitcoin-mining-pool-ocean-sets-up-global-hub-in-el-salvador/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Iggy Azalea to Burn Her $MOTHER Memecoins to Build Trust Amid Insider Trading Allegations &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/iggy-azalea-to-burn-her-mother-memecoins-to-build-trust-amid-insider-trading-allegations/" rel="noopener noreferrer nofollow">Learn more </a></li><li>PayPal Launches PYUSD on Solana, ‘Confidential Transfers’ Feature Sparks Excitement Among Crypto Enthusiasts &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/paypal-launches-pyusd-on-solana-confidential-transfers-feature-sparks-excitement-among-crypto-enthusiasts/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Animoca Co-founder, Yat Siu, Predicts Crypto Market Valuation Reaching $200 Trillion in the Next Decade &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/animoca-co-founder-yat-siu-predicts-crypto-market-valuation-reaching-200-trillion-in-the-next-decade/" rel="noopener noreferrer nofollow">Learn more </a></li><li>Cristiano Ronaldo and Binance Release New NFT Series Honoring Iconic Career Moments &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/cristiano-ronaldo-and-binance-release-new-nft-series-honoring-iconic-career-moments/" rel="noopener noreferrer nofollow">Learn more </a></li><li>BlackRock’s IBIT Overtakes Grayscale as Largest Bitcoin Fund &gt;&gt;&gt; <a href="https://defi-planet.com/2024/05/blackrocks-ibit-overtakes-grayscale-as-largest-bitcoin-fund/" rel="noopener noreferrer nofollow">Learn more </a></li></ul>Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcOAWaxe0S9hbXD6Okq1zff_tjIlwERwsVKM2-h_UgmtlwD2fW9jstRQZxUftiz1F3_U5sTcwxXroopFf3DzWe74JjI7qx0oirXHvJyZ9CtU63MlFN1hLMXcyU8G8TEUeiEY4grneaqgdMqdxNgrYDml6kX?key&#61;ddcVLUhzDMoDihzMoR7yew" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #98 | Get caught up on the latest developments in Web3!

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