Bored Ape NFT #2758 has signed a movie contract with Pirexia Films, led by Netflix director JM Cravioto. This marks the first time an NFT actor will star in a film and be issued a salary that matches the rates set by the Screen Actors Guild (SAG).
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Crypto news 📰 and fun. Looking to grow on Damus. Please follow 🙏 and I will return the favor. Thx.
Luxury fashion house Louis Vuitton is set to debut a limited series of NFTs, each priced at about $41,712. Named ‘Treasure Trunks’, it consists of only a few hundred NFTs and each one will come with a matching, made-to-order physical Louis Vuitton luggage trunk.
The SEC has filed lawsuits against Binance and Coinbase. Binance and CZ face 13 charges, including deceiving regulators and secretly controlling Binance.US. Coinbase is accused of violating securities laws and avoiding necessary disclosures.
I’m quitting crypto. You’re welcome.
At the end of April, the European Parliament passed the groundbreaking crypto-focused Markets in Crypto-Assets Act (MiCA) regulation.
The ESRB's call for increased scrutiny of the crypto industry, especially stablecoins, signals a growing concern over the potential risks of the burgeoning sector to the global economy.
We have to stand together to defeat the dragon. Vote. View quoted note →
Tornado DAO incidents highlight recurring problems which will have to be solved. The a16z Crypto project introduces Cicada, an open-source library for secure on-chain voting with greater anonymity. Cicada offers secret voting, complete anonymity, and verification of votes.
The workweek ends with Bitcoin resting at ~$26,400 mark.
This was a rough week.
Although, for some, there's no reason to complain! During the week, sales of Trezor cold wallets increased by 900%. The reason for the surge in demand for the company's products was the scandal surrounding the firm's direct competitor - Ledger. 
USDT stablecoin issuer Tether announced its plans to increase its $1.5 billion Bitcoin holdings in its reserves, and regularly allocate up to 15% of its realised net operating profits to buy more Bitcoin.
A bug was found in Polygon-based DeFi lending protocol Aave V2 made about $110 million of assets temporarily unavailable from the platform. The bug was reported by blockchain security firm BlockSec, citing the ‘ReserveInterestRateStrategy’ contract deployed on Polygon as the main cause
🤔 
Don’t be stupid. Never forget. 
Tether said it will allocate up to about 15% of realized profits to purchase bitcoin (BTC) for its stablecoin reserves. The company also reported US$1.48 billion in net profit for Q1 2023 and US$1.5 billion in BTC holdings.
Visa is experimenting on Ethereum’s Goerli testnet with smart contracts aimed at transaction-free payments with the help of account abstraction. The aim of these contracts is to simplify user interaction with the Ethereum network by eliminating the need for end-users to hold ETH, for “gas” fees or letting users pay with any token.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were both flat at -0.6% and +0.4%, respectively, in the past seven days. Other selected top-cap tokens mostly showed slight decreases.
US Treasury Secretary Janet Yellen on Sunday reaffirmed June 1 as the "hard deadline" for the United States to raise the debt ceiling or risk defaulting on its obligations.
Tornado Cash experienced a cyber attack where a hacker gained full control over the mixer system. They withdrew locked tokens, drained tokens in the management contract, and blocked the router.
Recent social media buzz about updated rules from ConsenSys, the team behind MetaMask, caused confusion and fear among users. The rules mentioning government taxes and fees were misinterpreted as a threat to MetaMask users and decentralization. ConsenSys clarified that the tax-related rules only apply to specific products involving tax payments, such as Infura service.
Today we celebrate Bitcoin Pizza Day. On May 22, 2010, Laszlo Hanyecz, a programmer, bought two pizzas for 10,000 Bitcoin. At that time, this was worth very little. Today this would be over $268 million.
Elon muskrat manipulating markets 