87. Bored Ape trader buys 1% stake
Crypto Corner
The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers.
Investors continue to purchase Mog Coin (MOG), a meme coin valued at $300 million, despite significant security flaws detected in its underlying smart contract code.
NFT Spotlight
NFT of the week: PRSN #3494
As CryptoPunks faces backlash, DMarket emerges as a leader in NFT sales, with Ethereum's NFT market experiencing a notable daily increase, surpassing other blockchains.
Yuga Labs unveils Nina Chanel Abney's Super Punks World NFT collection, only to face backlash over the 'woke' artwork. In response, Yuga Labs announces they will 'no longer touch' CryptoPunks.
https://decrypt.co/231467/bored-ape-trader-bought-1-percent-supply-down-2-million
Mint Town CEO Hiroshi Kunimitsu announces the debut of the Captain Tsubasa NFT soccer game on the Oasys blockchain.
Mid-May witnesses a notable 8.97% drop in NFT sales, with the top 4 chains experiencing reductions, signaling a temporary slowdown in the NFT market activity.
Bitcoin Buzz
Bitcoin skyrockets to $71,000 as analysts attribute the surge to increased spot ETF inflows.
Bitcoin Miners’ Marvels
Russia's crypto mining sector is poised for significant growth, potentially expanding by 20-40% in 2024, according to a recent report.
BitFuFu, a Bitmain-backed cloud mining company, reports a 150% increase in revenue for Q1.
Paraguay's government proposes harsh penalties for illegal Bitcoin miners, with offenders facing up to 10 years in prison.
Venezuela’s Ministry of Electric Power has declared that all cryptocurrency mining farms will be disconnected from the national power grid. This measure aims to manage the high energy demand from these farms and ensure a stable power supply for citizens.
AntPool, the second-largest Bitcoin mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about potential implications for network security.
Quote Of The Week:
“When one burns one’s bridges, what a nice fire it makes.” -Dylan Thomas