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Coffeezilla calls out AI firm Rabbit over alleged NFT scam

Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped, similar to the Gama NFT project, which he believes to be a “scam.”

US prosecutors push for 5–7 years in prison for ex-FTX exec

U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months.

Worldcoin ordered to stop operations in Hong Kong

The PCPD ruled that Worldcoin’s retention of sensitive biometric data for up to 10 years solely for AI model training, including face and iris images, was unjustified.

Apple disputes monopoly claims, cites 'fierce competition' in court

Apple’s letter to a federal judge previewed its slated dismissal motion to a U.S. antitrust suit, with the firm claiming prosecutors didn’t define where it has a monopoly.

BlackRock’s Bitcoin ETF hits 6-week inflow high amid early-week BTC rally

BlackRock’s IBIT recorded $290 million of inflows on Tuesday, May 21 — more than the fund has seen in the past 21 trading days combined.

PEPE reaches new high amid ETH price jump on renewed ETF approval hope

PEPE is up 27% over the day amid renewed hope for the approval of United States spot Ether ETFs.

Nancy Pelosi mulls supporting Republican’s FIT21 crypto bill: Report

The former House Speaker is reportedly considering support for the Republican crypto legislation, breaking from ranking Democrats.

Degen token surges 17% on Farcaster’s $150M Series A raise

Farcaster, blockchain’s answer to traditional social media, raised $150 million in a Series A funding round led by Paradigm, sending a community token soaring.

Bitcoin’s recent price move is the ‘real deal market pump’ to $90K

Bitcoin got the correction “we needed,” and now it “can continue the macro uptrend higher,” says one crypto trader.

Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M

One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks.

Gala Games exploiter returns $22M from GALA token attack

On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned.

‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings

Five U.S. asset managers bidding for an Ether ETF have amended their 19b-4 filings with the SEC.

Donald Trump says his campaign will accept crypto

Facing several criminal cases, the presumptive Republican Party nominee for U.S. President is expected to face off against President Joe Biden in November 2024.

Arta TechFin, Chainlink expand partnership to tokenize real-world assets

Arta TechFin, a Hong Kong-based asset manager, and Chainlink are exploring solutions to tokenize real-world assets like real estate.

Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi

The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.

US lawmaker addresses House before FIT21 vote: Bill ‘will stop another FTX’

Representative Wiley Nickel called on Democrats and Republicans to support the bill to stop the SEC from “turning cryptocurrency regulation into a political football.”

Diamonds Standard Co. uses precious gems to back payment network

Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions.

Vitalik Buterin proposes solutions for Ethereum’s MEV problem

Ethereum’s co-founder explained how using MEV quarantining, MEV minimization, inclusion lists and node requirements could mitigate the problem.

KlimaDAO Japan to launch carbon credit marketplace with Progmat

KlimaDAO and the Japanese stablecoin issuer may eventually trade carbon credits internationally.

Public Bitcoin miners secured $2B in financing ahead of halving

Miners’ equity funding activity is expected to be lower in the second quarter of 2024, with less than $500 million invested as of mid-May.

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