Notable news in the last 24 hours (22/08) BTC: 26,048 USD | ETH: 1,663 USD | Total market cap: 1,032 billion USD 1️⃣ China considers proposal to mandate identity confirmation in the Metaverse environment. China Mobile, a major telecommunications carrier in China, is proposing a digital identity system applicable to the Metaverse environment. Currently, the system is being considered for feasibility and practical applicability, raising criticism of personal information security. Despite the criticism, China's Metaverse industry is predicted to grow exponentially, with projected growth of 40% by 2023. 2️⃣ Binance Labs has announced an investment in infrastructure provider zkWASM Delphinus Lab. The investment is aimed at providing automated verification and batch processing services for Web3 application development. Delphinus Lab is a pioneer in providing developers with the fully open source zkWASM virtual machine, supporting developers in building and popularizing the Web3 wave. 3️⃣ Binance suspends deposits and withdrawals of Euros through European banks. Binance recently announced that it has suspended deposits and withdrawals of EUR through the SEPA. The move was anticipated. At the end of June, Binance said it would change its provider of euro deposits and withdrawals through SEPA in the European region. Its current partner, Paysafe, will stop supporting the exchange from September 25. 4️⃣ Governments have increased investment in AI and Web3. Global governments are securing graphics processing devices (GPUs) for AI and Web3 development, with countries like the United Kingdom and Saudi Arabia investing heavily. Saudi Arabia and the UAE have bought thousands of Nvidia's H100 chips for AI research and innovation, despite prices each as high as $40,000. The UK government has committed £100 million to order key components from Nvidia, AMD and Intel in a bid to enhance the nation's AI capabilities.