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Today ChatGPT read 1128 top news stories and gave 8 of them a significance score over 7.
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After removing duplicates and repeats, here is today’s significant news:
[8.6] UN climate official warns world at "tipping point" in climate crisis — The Guardian
The world is at a "tipping point" in the climate crisis that requires all countries to put aside their national interests to fight for the common good, the UN's top climate official has warned. Simon Stiell, the executive secretary of the UN Framework Convention on Climate Change, pointed to recent findings from scientists that temperatures were likely to exceed the threshold of 1.5C above pre-industrial levels within the next five years. Stiell was addressing representatives from nearly 200 countries gathered in Bonn, the UN's climate headquarters, to discuss how to forge a "course correction" that would put the world on track to meet the aspirations of the 2015 Paris climate agreement, and limit global heating to 1.5C.
[7.5] Binance faces investor exodus following SEC lawsuit, crypto value impacted — Reuters
Investors have withdrawn approximately $790 million from cryptocurrency exchange Binance, in the last 24 hours, following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The SEC accuses Binance of evading U.S. laws through deceptive practices, such as inflating trading volumes and diverting customer funds. Binance, in response, insists it has cooperated with the SEC and will defend its platform vigorously. This legal action, coupled with previous lawsuits, contributes to a shaky period for Binance and has had a noticeable effect on the value of cryptocurrencies like Bitcoin and Binance's own BNB.
[7.4] Mycorrhizal fungi play larger role in carbon storage than previously thought — The Conversation
New research suggests that mycorrhizal fungi, which live in symbiosis with plants, could play a significant role in storing carbon, helping to offset carbon emissions. The fungiform vast underground networks, exchanging nutrients and water for carbon-rich sugars from plants. It's estimated that these fungi absorb around 36% of the world’s annual carbon emissions from fossil fuels. Although the fungi also naturally release some carbon back into the atmosphere, their net contribution to soil carbon storage is substantial. Despite the lack of data from certain ecosystems and regions, the findings indicate the importance of these fungal networks in the carbon cycle. Preserving these networks, particularly in the face of deforestation and land-clearing, could offer an additional avenue for tackling climate change.
[7.4] Rich industrialized countries could owe $170tn in climate reparations by 2050 — The Guardian
A new study published in the journal Nature Sustainability has calculated that rich industrialised countries responsible for excessive levels of greenhouse gas emissions could be liable to pay $170tn in climate reparations by 2050 to ensure targets to curtail climate breakdown are met. The proposed compensation, which amounts to almost $6tn annually, would be paid to historically low-polluting developing countries that must transition away from fossil fuels despite not having yet used their “fair share” of the global carbon budget. The compensation system is based on the idea that the atmosphere is a commons, a natural resource for everyone which has not been used equitably.
[7.4] Canada faces unprecedented wildfire season — Toronto Star
Canada is facing an unprecedented wildfire season, with officials warning that by the end of August, the country could have more scorched forest than ever before. The situation is the result of a convergence of factors, including climate change, which is delivering conditions conducive to more frequent and severe wildfires, and large-scale weather patterns that are fanning the flames. There are significant fires burning in every single province and territory. Already this year, there have been 2,214 wildfires that have blackened more than 3.3 million hectares of Canadian wildland, more than five million football fields’ worth.
[7.2] Dam destruction in Ukraine prompts mass evacuations and potential large-scale devastation — CNN
The Nova Kakhova dam on the Dnipro River in Kherson, southern Ukraine, was destroyed, prompting mass evacuations and fears of large-scale devastation. Ukraine accused Moscow’s forces of committing an act of “ecocide.” The critical dam spans the Dnipro River, a major waterway running through southeastern Ukraine, and there are multiple towns and cities downstream, including Kherson, a city of some 300,000 people before Moscow’s invasion of its neighbour. The dam is a critical piece of infrastructure, holding around 18 cubic kilometres in the Kakhovka Reservoir, about equal to the Great Salt Lake in the US state of Utah. It also supplies water for the Zaporizhzhia nuclear plant, which lies upstream and is also under Russian control.
[7.1] Reserve Bank of Australia raises interest rates to 11-year high to tackle inflation — news.com.au
The Reserve Bank of Australia (RBA) has raised interest rates to an 11-year high of 4.10%, up 0.25 percentage points, in a bid to tackle inflation. The move means that the average borrower with a $500,000 home loan could now be paying $1,134, or 49%, more a month. Economists were split on whether the RBA would raise rates, with some citing the decision to lift the minimum wage as a cause for concern. The RBA's governor, Philip Lowe, defended the increases at a parliamentary hearing last week.
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Major events in the cryptocurrency world in June

Several events are taking place this month that could affect both the value of individual cryptocurrencies and the cryptocurrency market as a whole

Optimism (OP) – Main Network Update

The Optimism main network, called Bedrock, is scheduled to be updated on 6 June 2023. During the update, the blockchain will be suspended for approximately 2-4 hours. During this time, users will not be able to make transactions and other interactions with the blockchain.
Also operators of validation nodes need to update their software to the current version to work with Bedrock. This Bedrock update aims to improve network security and resilience. And it is also expected to reduce commission costs by 47% after the Bedrock update.

IDO of Neon Protocol project on Coinlist

The IDO of the Neon Protocol project will take place on 8 June on the Coinlist platform. Neon Protocol is Ethereum’s first virtual machine (EVM) on the Solana blockchain. This protocol will allow developers to create decentralised applications (dApps) that are compatible with the Ethereum network. And in doing so, gain access to fast and low-cost transactions on the Solana network.
Also here, a total of 50 million NEON tokens (5% of the total supply) will be offered for sale at $0.10 per token. Both the minimum and maximum redemption amounts are $100 and $500, respectively. Additionally, users are scheduled to receive 100% of the NEON tokens purchased during the IDO on July 17 this year. Registration for this event closed on 5 June.

Vega Protocol (VEGA) – Reducing the reward for staking

The developers of the Vega Protocol project have announced that starting on 12 June, the fees for staking VEGA tokens are to be reduced. This will reduce inflation by reducing token issuance.
Also Vega Protocol is a decentralised blockchain-based trading platform. It allows users to create their own assets and act as both market maker and trader. The project’s IDO took place on Coinlist in early June 2021.

One of this month’s big events is IDO of Archway project on the Coinlists

IDO Archway will take place on 15 June. The Archway project is a Tier 1 blockchain. It uses the Proof-of-Stake (PoS) consensus algorithm and is powered by the Cosmos SDK. It also aims to provide developers with a user-friendly platform. Which rewards them for creating decentralized universal (cross-chain) decentralized applications (dApps).
And a total of 30 million ARCH tokens (3% of the total offer) will be offered for sale at $0.20 per token. Also the minimum and maximum amounts for redemption are $100 and $1000 respectively. It is planned that users will receive 25% of the redeemed tokens after 40 days of locked up. And the remaining tokens will be distributed evenly over the next 8 months. Registration for IDO Archway will close on 12 June. In our opinion, this is one of the important events of this month

Unlocking Blur tokens (BLUR)

NFT-marketplace Blur will unlock 195.99 of its own $101.8m worth of BLUR control tokens on 15 June. Therefore, more than 6.5 % of the total supply of tokens will additionally enter the market.

One of the most awaited events: Recognition of Bitcoin as official payment instrument in Brazil

On 21 December 2022, President Jair Bolsonaro signed a law into law. And in which it enshrines BTC as a means of payment and an investment asset. This law will enter into force 180 days after the signing, on 16 June 2023.
Also, the Bank of Brazil will be responsible for and oversee the use of Bitcoin as a means of payment. And the Securities and Exchange Commission (SEC) will be responsible for overseeing the use as an investment asset.

Optimism (OP) tokens unlocked

Our experts note that the Optimism project will unlock 195.99 of OP own management tokens worth about $35 million. Also, this would amount to 0.56% of the existing tokens. And some of it will go to developers and some to investors.
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