Friday, June 2, 2023

BAYC’s Comeback


It was this week when the price of bitcoin was able to recover from the previous two weeks of declines. Musk’s purported Twitter takeover effort also failed. Participants gossiped about the sector and discussed forthcoming crypto laws.

On Monday, Coinbase’s CLO Paul Grewal responded to the SEC’s request to widen the definition of “exchange.” The proposal was presented in January and includes technologies that employ non-firm trading interest and communication protocols to connect buyers and sellers of securities. It needed to be clarified, Grewal said.

Stock Exchange Obligations

When it comes to performing stock exchange obligations, Grewal stated thatthe proposed definition is so wide, it may potentially embrace numerous types of technology that are not generally known.

Additionally, the 600-page proposal, according to Grewal, lacks clear principles for DeFi and decentralized exchanges. The SEC’s letter to Coinbase ended the debate.

On Monday, cryptography expert attorney Jake Chervinsky compiled institutional comments to the plan. They both said that the proposal’s ambiguity raises a constitutional issue that might impede debate.

MicroStrategy CEO Michael Saylor is discreetly selling some of his $6 billion BTC hoard, according to “Ozz, CEO of Altseason” on Thursday. The reports as “fear mongering” and assured everyone he still had diamond hands.

Friday’s Akutars NFT avatar project launch didn’t go as planned. A smart contract flaw held $34 million in Ethereum prisoner for all time. On Saturday, DeFi/NFT developer foobar raised the issue.

0xinuarashi also tweeted about it. Both developers have written detailed reviews.

The project’s main account promised to start minting NFTs asap. The crew admitted that not everyone who bid on the project had yet gotten a refund.

In the Wild with Apes

Finally, the Bored Ape Yacht Club (BAYC) series had a busy week.

On Wednesday, Jeff Boison’s BAYC avatar featured on the cover of Image Comics’ “The Secret History of the War on Weed.”

Most responses were unfavorable. Others suggested that the deal was nothing more than a “cash grab.” A few people even gathered to mourn their loss of association with Image. Unlike video game fans, comic book readers appear to be unsure about NFTs.

Bored & Hungry, a 90-day burger popup founded by LA chef Andy Nguyen, announced its permanent debut on Thursday.

On the same day, ApeCoin podcaster Cobie had a heated exchange with BAYC enthusiast, Tommy Avalanche. That you haven’t been trading correctly for some time, and many of us are generating ridiculous gains, is what Tommy informed Cobie during their heated conversation.

Yuga Labs opened Otherside’s official Discord server, teasing a launch date for their BAYC-inspired metaverse project.

The record comes out on Saturday.

Christina Jones
Christina Jones
Christina Jones is the owner and CEO of Cryptoconstellation Before starting Crytpoconstellation, Christina spent ten years as an Editor in Chief at a well-known publishing house, Editorial Planeta SL, in Madrid.

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