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NFT
Binance Introducing NFT Loan Feature
Binance marketplace is launching a non-fungible token (NFT) loan feature where digital asset holders can secure ETH loans by using their NFTs as collateral. "The Hash" panel breaks down the new service and what it means for NFT holders.

Bitcoin Jumps to Second Place in NFT Sales
Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. "The Hash" panel discusses the increasing popularity of Bitcoin NFTs and the controversy around it.

NFT Trading Volume on Pace to Drop Below $1B: DappRadar
A new report from DappRadar reveals that NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall below $1 billion for the first time this year. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country. CoinDesk Executive Director of Global Content Emily Parker weighs in on the hype around NFTs in China and what the regulator's guidelines for the treatment of NFTs could mean for the broader crypto market.

Pudgy Penguins CEO on $9M Funding Round, Future of Collectibles
Non-fungible token (NFT) collection Pudgy Penguins has announced the completion of its $9 million seed funding round led by 1kx. Pudgy Penguins CEO Luca Netz joins "First Mover" to discuss the NFT brand's latest plans as it gears up to release 'Pudgy Toys' on May 18.

Electronics Firm LG Seeks TV Patent for Enabling NFT Trading
Electronics firm LG is seeking patent protection for a television that enables users to trade non-fungible tokens (NFTs). LG began its work bringing NFTs to its TVs last September with the release of its Art Lab marketplace which was plugged into Hedera Network, on which LG has been a node operator since 2020. "The Hash" panel discusses LG's latest NFT push in a move that could potentially drive mainstream demand for digital collectibles.

Draft Text Reveals EU Crypto Tax Plans Include NFTs, Foreign Companies
The European Union plans to force crypto companies to give tax authorities details of their clients' holdings, even if they’re based outside the bloc or offering non-fungible tokens (NFTs), according to a draft bill released to CoinDesk under freedom of information laws. "The Hash" panel discusses the latest developments in global crypto regulation.

NFT Project Pudgy Penguins Completes $9M Raise
Non-fungible token (NFT) collection Pudgy Penguins has announced the completion of its $9 million seed funding round led by 1kx. This comes after a leadership change that sparked an increased focus on utilizing the project's intellectual property (IP). "The Hash" panel discusses the latest in the world of digital collectibles and the considerations of IP rights.

Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High
A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like "inscriptions" has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue. "The Hash" panel discusses the milestone and its implications for the Bitcoin ecosystem.

Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a federal court in New York on Wednesday, according to a report from Reuters. Chastain made approximately $50,000 by buying and trading NFTs with insider knowledge from his position at OpenSea. "The Hash" panel discusses the case.
