AI+Web3 prediction market <PredX.ai> announced the launch of PredXTrade, a Telegram event trading app, to provide users of Base, Sei and Linea mainnets with a convenient event trading experience, and users can earn points by participating in predictions in exchange for future exclusive rewards.

PredX.ai was founded by two AI PhDs and is headquartered in New York, USA. It aims to establish a decentralized AI agent evaluation protocol through event trading. Based on Aimelia Network technology, it integrates a large language model and introduces a bidding method similar to friend.tech to effectively solve liquidity problems. PredX has long been ranked among the top prediction market applications on RootData. PredX will continue to launch a number of products in the near future, allowing users to earn more points and participants to have the opportunity to win a USDC reward worth $20.

Steve Kurz, head of Galaxy Digital Asset Management, said the U.S. SEC could approve a spot Ethereum ETF by the end of July.

Kurz said he expects the Ethereum spot ETF could be approved "in weeks, not days," but within a month. Galaxy has been working with the U.S. SEC on the application for months, noting that the company's upcoming spot Ethereum ETF is similar to the existing spot Bitcoin ETF (BTCO). Galaxy partnered with investment management firm Invesco to create both funds.

Kurz also expressed optimism that other spot crypto ETFs besides Ethereum will be approved, saying legislation (including laws defining securities) is necessary and that this process will take place even if Biden remains president.

Paradigm announced the release of Reth 1.0, the first production-ready version of the Ethereum execution client written in Rust. Reth enhances Ethereum stability, improving sync time, storage, and RPC throughput. Reth can fully sync an archive node from genesis in 50 hours, while other clients take days.

Paradigm said Reth is able to efficiently utilize resources in a variety of operational settings. Its implementation was inspired by clients such as Geth, Erigon, and Akula. The upcoming Reth 1.1 release will include support for OP Stack. Paradigm is also working on support for the Pectra hard fork.

According to Cointelegraph, Kunal Bhasin, co-head of digital assets at KPMG Canada, said that institutional investors will buy high-value commercial real estate stocks tokenized on blockchains when more opportunities arise.

Bhasin said that tokenization could change the owners of large commercial buildings, which have historically been limited to real estate and pension fund managers with strong financial resources. The technology could allow institutional investors, such as family offices, to own part of Toronto's large shopping malls, Eaton Center and other large buildings. Commercial real estate tokenization can actually make this possible. Bhasin predicts that this will become one of the largest institutional use cases in the cryptocurrency industry.

According to Cointelegraph, Shibarium team member and developer DaVinci warned the Shibarium community about malicious activity on the network to release fake TREAT tokens.

DaVinci warned investors, speculators and the Shibarium community that the token, while named after a real token still under development by the Shibarium team, has not yet been officially launched. DaVinci made it clear that any listing of TREAT tokens is not related to the official development of Shibarium.

The Shibarium developer explained that malicious actors also used the official shib.io address in their online posts to increase the legitimacy of their fake tokens.