🖼 Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet
Prices of the popular Milady NFT collection have retracted gains from the past weeks as holders likely took profits on a move influenced by an Elon Musk tweet. Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. All gains have since reversed, as the NFT collection is now back at prices before Musk’s tweet, data from OpenSea analytics shows, dropping to as low as 3.2 ether per NFT on Thursday. That immediately prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS token spiked thousands of percent, reaching a market capitalization of over $120 million. This is similar to the price action seen in dogecoin (DOGE) – which enjoys Musk’s support – which typically spikes whenever it is mentioned by the entrepreneur. These jumps are short-lived, however, as traders and automated bots pile on the tokens.
Prices of the popular Milady NFT collection have retracted gains from the past weeks as holders likely took profits on a move influenced by an Elon Musk tweet. Earlier in May, the Milady collection spiked after receiving acknowledgment from Twitter owner Musk who tweeted a picture of a Milady avatar with the words “There is no meme, I love you” overlaid on the picture. Each NFT traded for 3.4 ether at the time. All gains have since reversed, as the NFT collection is now back at prices before Musk’s tweet, data from OpenSea analytics shows, dropping to as low as 3.2 ether per NFT on Thursday. That immediately prices surged as much as 200%, each Milady fetching $13,700 worth of ether (ETH) at the peak. Elsewhere, an unrelated LADYS token spiked thousands of percent, reaching a market capitalization of over $120 million. This is similar to the price action seen in dogecoin (DOGE) – which enjoys Musk’s support – which typically spikes whenever it is mentioned by the entrepreneur. These jumps are short-lived, however, as traders and automated bots pile on the tokens.
Vertex Labs, the UK-based Web3 and AI infrastructure company, has announced its acquisition of Digimental Studio, the creative force behind the 3D NFT fashion brand HAPE, for $12 million.
The acquisition is expected to strengthen Vertex Labs’ standing as a provider of Web3 and AI infrastructure worldwide.
Vertex is set to introduce Staking and many other future benefits for the HAPE community.
The acquisition is expected to strengthen Vertex Labs’ standing as a provider of Web3 and AI infrastructure worldwide.
Vertex is set to introduce Staking and many other future benefits for the HAPE community.
🇭🇰 The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’
The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse. According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled a new metaverse platform, CyberDefender, in an effort to prepare its citizens for the “challenges ahead in the digital age” with a focus on technology crime prevention. On the same day that it launched, an event was held on the platform, “Exploring the Metaverse," spanning across three virtual venues, with the aim of discussing crime prevention strategies within the metaverse. During the event, chief inspector of CSTCB, Mr Ip Cheuk-yu emphasized the importance of exercising caution in the metaverse, urging attendees to apply the same level of vigilance they practise while using the internet. “The decentralized nature of virtual assets in Web3 may also increase the likelihood of cyber criminals targeting end point devices, virtual asset wallets and smart contracts” he said. The Hong Kong Police Force plans to ramp up its technology crime educational initiatives.
The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse. According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force unveiled a new metaverse platform, CyberDefender, in an effort to prepare its citizens for the “challenges ahead in the digital age” with a focus on technology crime prevention. On the same day that it launched, an event was held on the platform, “Exploring the Metaverse," spanning across three virtual venues, with the aim of discussing crime prevention strategies within the metaverse. During the event, chief inspector of CSTCB, Mr Ip Cheuk-yu emphasized the importance of exercising caution in the metaverse, urging attendees to apply the same level of vigilance they practise while using the internet. “The decentralized nature of virtual assets in Web3 may also increase the likelihood of cyber criminals targeting end point devices, virtual asset wallets and smart contracts” he said. The Hong Kong Police Force plans to ramp up its technology crime educational initiatives.
📣 NFT ART DAY ZRH returns to immerse visitors in the worlds of web3 & crypto art
NFT ART DAY ZRH (find more here) serves as a platform for building connections between the traditional art world and the emerging realm of NFTs. The event places a strong emphasis on exploring the intersection of art and NFTs, delving into the innovative possibilities offered by blockchain technology, examining the evolution of historical digital art, analyzing the performance of the digital art market, and examining various other facets of this intricate ecosystem. On Sunday, June 11, the main conference will take place at Kunsthaus Zürich’s newly constructed Chipperfield building. The conference offers a captivating program featuring talks and panel discussions that delve into various aspects of the NFT field. Key themes to be explored include the current state of the NFT art market, insights into significant artistic practices, the impact of rapidly advancing technologies in the art world, examination of collecting behavior, and artist talks. NFT ART DAY ZRH serves as a platform for bringing together esteemed international thought leaders, experts, artists, curators, and collectors who operate at the intersection of art and technology.
NFT ART DAY ZRH (find more here) serves as a platform for building connections between the traditional art world and the emerging realm of NFTs. The event places a strong emphasis on exploring the intersection of art and NFTs, delving into the innovative possibilities offered by blockchain technology, examining the evolution of historical digital art, analyzing the performance of the digital art market, and examining various other facets of this intricate ecosystem. On Sunday, June 11, the main conference will take place at Kunsthaus Zürich’s newly constructed Chipperfield building. The conference offers a captivating program featuring talks and panel discussions that delve into various aspects of the NFT field. Key themes to be explored include the current state of the NFT art market, insights into significant artistic practices, the impact of rapidly advancing technologies in the art world, examination of collecting behavior, and artist talks. NFT ART DAY ZRH serves as a platform for bringing together esteemed international thought leaders, experts, artists, curators, and collectors who operate at the intersection of art and technology.
📣 Crypto Critic Now Finds Himself Supporting NFTs Minted On Bitcoin
Peter Schiff, a well-known economist and investor, now supports blockchain technology and non-fungible tokens (NFTs). Considering his previous stance on digital assets, mainly Bitcoin, Schiff unexpectedly turned to Twitter on May 27 to express his enthusiasm for a planned art endeavor. Tweeting on May 27, Schiff expressed his excitement about working with one of his favorite painters, Market Price, on a collaborative artwork that would combine the conventional elements of art with blockchain. The focus of this group effort is a unique work of art called “Golden Triumph.” Art lovers and collectors will also be able to purchase a set of prints and Ordinals that have been permanently recorded on the Bitcoin blockchain. Given Schiff’s long-standing distrust of blockchain technology and cryptocurrencies, this news came as a shock to many. His support of Bitcoin shows how his views on the convergence of art, technology, and investing are shifting. Schiff’s recent tweets on blockchain and NFTs seem to contradict his previous stance. In 2021, he questioned the worth of owning an NFT digital picture. His tweet brought attention to the blurring of lines between legitimate ownership of a non-fungible token-authenticated digital artwork.
Peter Schiff, a well-known economist and investor, now supports blockchain technology and non-fungible tokens (NFTs). Considering his previous stance on digital assets, mainly Bitcoin, Schiff unexpectedly turned to Twitter on May 27 to express his enthusiasm for a planned art endeavor. Tweeting on May 27, Schiff expressed his excitement about working with one of his favorite painters, Market Price, on a collaborative artwork that would combine the conventional elements of art with blockchain. The focus of this group effort is a unique work of art called “Golden Triumph.” Art lovers and collectors will also be able to purchase a set of prints and Ordinals that have been permanently recorded on the Bitcoin blockchain. Given Schiff’s long-standing distrust of blockchain technology and cryptocurrencies, this news came as a shock to many. His support of Bitcoin shows how his views on the convergence of art, technology, and investing are shifting. Schiff’s recent tweets on blockchain and NFTs seem to contradict his previous stance. In 2021, he questioned the worth of owning an NFT digital picture. His tweet brought attention to the blurring of lines between legitimate ownership of a non-fungible token-authenticated digital artwork.
📊 Popular NFT collections take massive price hit in 2023
Some of the most sought-after nonfungible tokens (NFTs) of 2022 have taken a massive hit in value over the past year. The trend mirrors the depreciating value of metaverse properties in 2023, which were considered top virtual lands for investment in 2022. Investments in top NFT projects, including Doodles, Invisible Friends, Moonbirds and Goblintown, have lost up to 95% of their value in Ether. The value of blue-chip NFT collections alone has fallen down by over 40% on average. Data from NFTGo shows that the Blue Chip Index went down to 7,446 ETH from its yearly high of 12,394 ETH back in July 2022. Surprisingly, NFT investors remain unfazed by the ongoing decline in value. While some expect further and prolonged depreciation of NFT prices, a handful of investors believe it’s the right time to invest, as they anticipate a comeback. On the contrary, the number of blue chip NFT holders over the past year has increased by more than 90%. During this time, sellers increased by 32% while buyers decreased by 30%. Despite the financial setbacks, the NFT ecosystem continues to draw the attention of new investors. On May 27, crypto skeptic Peter Schiff launched an NFT project on the Bitcoin blockchain via Ordinals.
Some of the most sought-after nonfungible tokens (NFTs) of 2022 have taken a massive hit in value over the past year. The trend mirrors the depreciating value of metaverse properties in 2023, which were considered top virtual lands for investment in 2022. Investments in top NFT projects, including Doodles, Invisible Friends, Moonbirds and Goblintown, have lost up to 95% of their value in Ether. The value of blue-chip NFT collections alone has fallen down by over 40% on average. Data from NFTGo shows that the Blue Chip Index went down to 7,446 ETH from its yearly high of 12,394 ETH back in July 2022. Surprisingly, NFT investors remain unfazed by the ongoing decline in value. While some expect further and prolonged depreciation of NFT prices, a handful of investors believe it’s the right time to invest, as they anticipate a comeback. On the contrary, the number of blue chip NFT holders over the past year has increased by more than 90%. During this time, sellers increased by 32% while buyers decreased by 30%. Despite the financial setbacks, the NFT ecosystem continues to draw the attention of new investors. On May 27, crypto skeptic Peter Schiff launched an NFT project on the Bitcoin blockchain via Ordinals.
🖼 Sotheby's Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work
Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021. The second sale of 3AC collectibles from the "Grails" collection will be held in New York on June 15 and will feature 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more. "For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art," Micahel Bouhanna, Sotheby's head of digital art and NFTs, told CoinDesk. NFTs include Cherniak’s Ringers #879, a seminal generative artwork that has become known as "The Goose" for its resemblance to the bird. The collectible was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH.
Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021. The second sale of 3AC collectibles from the "Grails" collection will be held in New York on June 15 and will feature 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more. "For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the boundaries of the algorithm-based art," Micahel Bouhanna, Sotheby's head of digital art and NFTs, told CoinDesk. NFTs include Cherniak’s Ringers #879, a seminal generative artwork that has become known as "The Goose" for its resemblance to the bird. The collectible was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH.
On May 30, a Twitter user named hopeexist1, who claimed to be raising money to help battle cancer through her NFT collection Pixel Penguins, scammed thousands of community members of $117K.
The NFT community, unaware of the deception, united in support and wholeheartedly embraced her collection, leading to a complete sell-out in just a few hours. It was later uncovered that the artwork used in the project was stolen and hopeexist1 then deactivated her account, leaving investors devastated, angry, and empty-handed.
The project had support from influencers such as Andrew Wang who said, “I’ll put my rep on the line to say this is for real amidst all the scams in our space." He later says he did not know this was a scam.
The NFT community, unaware of the deception, united in support and wholeheartedly embraced her collection, leading to a complete sell-out in just a few hours. It was later uncovered that the artwork used in the project was stolen and hopeexist1 then deactivated her account, leaving investors devastated, angry, and empty-handed.
The project had support from influencers such as Andrew Wang who said, “I’ll put my rep on the line to say this is for real amidst all the scams in our space." He later says he did not know this was a scam.
🖼 NFT Artist Fewocious Reveals Upcoming Collection “Fewos”
Non-fungible token (NFT) artist Fewocious said Wednesday he’s gearing up to release his upcoming digital art collection “Fewos.” According to its website, Fewos are characters in Fewoworld, Fewocious’ Web3 universe of digital art. The three species of Fewo NFTs – Frankenstein, Misunderstood, and Humanoid – have their own unique artistic traits. There are no details on the price of the NFTs at this time. While the mint will open for public sale later in the summer, there will be a presale for holders of Fewocious’ previous Paint Drop collection, as well as holders of other Fewocious digital art tokens. The site specifies that each Fewo comes with a ERC-6551, meaning the token can transform into a wallet. The wallet will be used to claim a mint pass for FewoFashion, a collection of digital wearables and accessories. Fewocious, who’s real name is Victor Langlois, has risen to the ranks as one of the most successful NFT artists to date. In April 2022, Fewocious released the Paint Drop collection, in which he amassed $20 million in sales over the course of 24 hours.
Non-fungible token (NFT) artist Fewocious said Wednesday he’s gearing up to release his upcoming digital art collection “Fewos.” According to its website, Fewos are characters in Fewoworld, Fewocious’ Web3 universe of digital art. The three species of Fewo NFTs – Frankenstein, Misunderstood, and Humanoid – have their own unique artistic traits. There are no details on the price of the NFTs at this time. While the mint will open for public sale later in the summer, there will be a presale for holders of Fewocious’ previous Paint Drop collection, as well as holders of other Fewocious digital art tokens. The site specifies that each Fewo comes with a ERC-6551, meaning the token can transform into a wallet. The wallet will be used to claim a mint pass for FewoFashion, a collection of digital wearables and accessories. Fewocious, who’s real name is Victor Langlois, has risen to the ranks as one of the most successful NFT artists to date. In April 2022, Fewocious released the Paint Drop collection, in which he amassed $20 million in sales over the course of 24 hours.
The Ethereum Name Service (ENS) has teamed up with MoonPay to make it easier for users to purchase and register .eth domain names without having to purchase Ethereum and set up a crypto wallet.
ENS simplifies the process by providing easily readable names like "xyz.eth," eliminating the need for long, complex alphanumeric addresses.
This partnership aims to increase mainstream adoption by allowing users to use familiar payment options such as Apple Pay and Google Pay.
ENS simplifies the process by providing easily readable names like "xyz.eth," eliminating the need for long, complex alphanumeric addresses.
This partnership aims to increase mainstream adoption by allowing users to use familiar payment options such as Apple Pay and Google Pay.
🖼 BBF Limited (Baby Shark BubbleFong Friends) to Launch 2nd NFT Collection on Binance NFT Marketplace
BBF Limited, the operating corporation of the game 'Baby Shark BubbleFong Friends', has announced June 2nd that it will be launching its second 'Baby Shark BubbleFong Friends' NFT collection on Binance NFT, the premier marketplace for NFTs created by Binance, the world's leading cryptocurrency exchange, on 5th to 8th of June. 'Baby Shark BubbleFong Friends' is published by KOSDAQ-Listed CityLabs and developed by Haru Entertainment, and the game's Partner Character NFTs. The first pre-sale on the Binance NFT marketplace was a complete success and sold out in less than 30 minutes. 'Baby Shark BubbleFong Friends' Main Character NFTs, which featured the world-renown Pinkfong Wonderstar characters, were sold during the first pre-sale. For the upcoming second pre-sale, 960 of the game's Partner Character NFTs, featuring the sensational Baby Shark characters, will be up for sale on the Binance NFT Marketplace. Those who are interested in the sale will need to register for an account on the Binance NFT marketplace and complete identity verification to be able to participate in the event. More information and details regarding the upcoming pre-sale will be announced on the official social media and community channels.
BBF Limited, the operating corporation of the game 'Baby Shark BubbleFong Friends', has announced June 2nd that it will be launching its second 'Baby Shark BubbleFong Friends' NFT collection on Binance NFT, the premier marketplace for NFTs created by Binance, the world's leading cryptocurrency exchange, on 5th to 8th of June. 'Baby Shark BubbleFong Friends' is published by KOSDAQ-Listed CityLabs and developed by Haru Entertainment, and the game's Partner Character NFTs. The first pre-sale on the Binance NFT marketplace was a complete success and sold out in less than 30 minutes. 'Baby Shark BubbleFong Friends' Main Character NFTs, which featured the world-renown Pinkfong Wonderstar characters, were sold during the first pre-sale. For the upcoming second pre-sale, 960 of the game's Partner Character NFTs, featuring the sensational Baby Shark characters, will be up for sale on the Binance NFT Marketplace. Those who are interested in the sale will need to register for an account on the Binance NFT marketplace and complete identity verification to be able to participate in the event. More information and details regarding the upcoming pre-sale will be announced on the official social media and community channels.
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Nike officially launched its .SWOOSH Our Force 1 (OF1) virtual boxes for members to purchase.
In just one day, they have sold 55k+ totaling over $1M with 30k unique members.
.SWOOSH is Nike’s latest web3 activation, designed to give members the opportunity to co-create the future of the brand.
Virtual releases will grant access to products, experiences, access to Nike events, content, or pre-order upcoming drops.
The sneakers are currently still on sale. You can buy up to 4 OF1 Boxes during General Access, even if you already purchased 1 during First Access.
In just one day, they have sold 55k+ totaling over $1M with 30k unique members.
.SWOOSH is Nike’s latest web3 activation, designed to give members the opportunity to co-create the future of the brand.
Virtual releases will grant access to products, experiences, access to Nike events, content, or pre-order upcoming drops.
The sneakers are currently still on sale. You can buy up to 4 OF1 Boxes during General Access, even if you already purchased 1 during First Access.
🔫 Neal Stephenson's Lamina1 Is Fighting for an Open Metaverse
Neal Stephenson and his team at crypto startup Lamina1 (L1) are convinced that blockchain can help bring it into fruition—and that a certain social media giant co-opted the concept of a metaverse without understanding its true meaning and intent. Lamina 1 is a layer-one blockchain protocol co-founded by Stephenson, the author who has been widely credited as the originator of the term “metaverse” via his seminal 1992 novel Snow Crash. Lamina 1 CEO Rebecca Barkin, who previously was an executive at augmented reality startup Magic Leap, shared L1’s vision for building an open metaverse leveraging crypto—and how video games deeply inspired Stephenson’s metaverse vision. Barkin explained that Stephenson and L1 want to create an open, high-fidelity metaverse—so forget floating cartoon characters without legs and “walled garden” games that don’t allow users to take their assets with them to other virtual spaces. Barkin said that Lamina1—which is preparing to launch its mainnet this summer—also takes issue with Meta’s approach to “the metaverse” and VR.
Neal Stephenson and his team at crypto startup Lamina1 (L1) are convinced that blockchain can help bring it into fruition—and that a certain social media giant co-opted the concept of a metaverse without understanding its true meaning and intent. Lamina 1 is a layer-one blockchain protocol co-founded by Stephenson, the author who has been widely credited as the originator of the term “metaverse” via his seminal 1992 novel Snow Crash. Lamina 1 CEO Rebecca Barkin, who previously was an executive at augmented reality startup Magic Leap, shared L1’s vision for building an open metaverse leveraging crypto—and how video games deeply inspired Stephenson’s metaverse vision. Barkin explained that Stephenson and L1 want to create an open, high-fidelity metaverse—so forget floating cartoon characters without legs and “walled garden” games that don’t allow users to take their assets with them to other virtual spaces. Barkin said that Lamina1—which is preparing to launch its mainnet this summer—also takes issue with Meta’s approach to “the metaverse” and VR.
Crypto regulation is in the works, and Coinbase isn't ruling out relocation away from the U.S.
“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.
In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.
Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.
“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.
In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.
Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.
🖼 Gary Vaynerchuk expects NFTs to expand beyond digital collectibles long term
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee. He is the chairman of VaynerX and CEO of VaynerMedia and NFT collection VeeFriends. NFT collectibles as a part of the ecosystem, but believes in 20 years, when people hear the term NFT. The inspiration behind VeeFriends began between 2018 and 2019 when Vaynerchuk originally wanted to start a line of desktop toys for “positive reinforcement.” The idea derived from the thousands of direct messages he receives monthly from people saying how they dislike their jobs. So originally he was going to launch a toy line, but COVID-19 happened and the NFT boom began, which was where Vaynerchuk merged his plan through the digital asset sector. “I did have a big audience … but I focused on real life utility,” Vaynerchuk said. “At first I thought I was building Disney, now I think I’m building Sesame Street … I want to create a universe, and I thought the technology of NFTs was an incredibly fun way to start that.”
Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names in crypto breaking things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Gary Vaynerchuk, better known as Gary Vee. He is the chairman of VaynerX and CEO of VaynerMedia and NFT collection VeeFriends. NFT collectibles as a part of the ecosystem, but believes in 20 years, when people hear the term NFT. The inspiration behind VeeFriends began between 2018 and 2019 when Vaynerchuk originally wanted to start a line of desktop toys for “positive reinforcement.” The idea derived from the thousands of direct messages he receives monthly from people saying how they dislike their jobs. So originally he was going to launch a toy line, but COVID-19 happened and the NFT boom began, which was where Vaynerchuk merged his plan through the digital asset sector. “I did have a big audience … but I focused on real life utility,” Vaynerchuk said. “At first I thought I was building Disney, now I think I’m building Sesame Street … I want to create a universe, and I thought the technology of NFTs was an incredibly fun way to start that.”
Remember when Elon Musk changed Twitter's logo to Doge? Well – that’s coming back to haunt him – he has been formally accused of insider trading and manipulating the price of Dogecoin in a proposed class action lawsuit.
A Wednesday night filing in Manhattan federal court claims that Musk, for example, sold roughly $124 million worth of Dogecoin in April after he replaced Twitter's logo with Dogecoin's logo, which led to a 30 percent increase in Dogecoin's price.
According to the filling, Musk went on a "deliberate course of carnival barking, market manipulation and insider trading" in order to defraud investors.
A Wednesday night filing in Manhattan federal court claims that Musk, for example, sold roughly $124 million worth of Dogecoin in April after he replaced Twitter's logo with Dogecoin's logo, which led to a 30 percent increase in Dogecoin's price.
According to the filling, Musk went on a "deliberate course of carnival barking, market manipulation and insider trading" in order to defraud investors.
📣 GameStop NFT back in the spotlight after partnership with Illuvium
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.". Each "GameStop x Illuvitar D1SK NFT" will contain a unique GameStop-branded "Illuvitar," which developers say possess "108 potential combinations based on six different Illuvials, three expressions, three background stages, and two finishes." D1SKs contain random Illuvitars and accessories and can be traded on the Illuvi decentralized exchange. In addition, NFT holders will be entitled to early access to Illuvium's creature collector games, Illuvium Overworld and Illuvium Arena, and other perks. Cointelegraph reported in February 2022 that GameStop selected Ethereum layer-2 scaling solution Immutable X to power its NFT marketplace.
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of an Illuvial with a distinct expression. Each Illuvitar carries a power rating, determined by its rarity, which helps you climb the leaderboard.". Each "GameStop x Illuvitar D1SK NFT" will contain a unique GameStop-branded "Illuvitar," which developers say possess "108 potential combinations based on six different Illuvials, three expressions, three background stages, and two finishes." D1SKs contain random Illuvitars and accessories and can be traded on the Illuvi decentralized exchange. In addition, NFT holders will be entitled to early access to Illuvium's creature collector games, Illuvium Overworld and Illuvium Arena, and other perks. Cointelegraph reported in February 2022 that GameStop selected Ethereum layer-2 scaling solution Immutable X to power its NFT marketplace.
The Securities and Exchange Commission (SEC) has filed a case against Binance, the largest global cryptocurrency exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.