Today's crypto and NFT highlights, summarised by AI

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#CryptoNews

1. Gary Gensler, the U.S. Securities and Exchange Commission Chair, has reiterated that bitcoin is a commodity and all other cryptocurrencies are likely securities.

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2. The Scroll ZKP testnet is currently leading the adoption of zkEVM, with its success upon mainnet launch to be determined by factors such as proof generation time, cost, and partnerships.

3. Blur, a rising NFT marketplace challenger, has been consistently flipping OpenSea's trading volumes and driving a war over creator royalties, leading OpenSea to adjust its monetization mechanics.

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Sources

twitter.com/twitter/status/1630339810656223234
twitter.com/twitter/status/1630214156199645184
twitter.com/twitter/status/1630380471283511296
twitter.com/twitter/status/1630222339366584322
twitter.com/twitter/status/1630345361498816512

#NFTs

1. Yuga Labs has announced an experimental NFT collection, TwelveFold, which will be released in an auction-style format using Bitcoin on the Bitcoin blockchain.

2. Former Disney executive Jon Rogers examined how blockchain technology is disrupting Hollywood and the potential of it to reshape the industry.