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Exploring the Dangers Of NFT Influencer Culture
A non-fungible token (NFT) charity scam surrounding the Pixel Penguins collection is illuminating the potential dangers of NFT influencer culture. "The Hash" panel discusses the scam and the lessons learned.

Sui Blockchain Announces Multiyear Deal With Red Bull Racing
Sui, whose blockchain went live less than a month ago, has signed a multiyear deal to become the blockchain partner of Formula One's Oracle Red Bull Racing team. The blockchain's native token (SUI) rose before receding on the news. "The Hash" panel discusses what to make of Red Bull's latest crypto push and the outlook for the Sui community.

Kraken’s Canada Customer Deposits Rose After Binance, OKX Plan to Leave
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw. Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, according to data sent to CoinDesk from a Kraken representative. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Treat Crypto as Securities by Default, European Parliament Study Says
Crypto assets should be treated as securities by default, and the autonomous organizations that govern decentralized finance (DeFi) should be granted legal status, according to a study commissioned by lawmakers at the European Parliament published Tuesday. This comes as the EU finalizes its landmark MiCA law. "The Hash" panel discusses the latest in crypto regulation.

Bankruptcy Claims Exchange OPNX Issues New Governance Token
Bankruptcy claims exchange OPNX has issued a new governance token dubbed "Open Exchange token" (OX), which is designed to reduce trading fees on the platform. The platform's existing native token, FLEX, surged after it was revealed in the whitepaper that FLEX can be converted for OX at a ratio of 1:100. "The Hash" panel discusses what this means for OX holders and the broader crypto ecosystem.

InvestHK’s King Leung Explains Hong Kong’s Crypto Exchange License Application Process
Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1. InvestHK head of financial services and fintech King Leung outlines the recent updates to Hong Kong’s crypto regulations, noting exchanges that have not been operating in Hong Kong prior to June 1, 2023, will now “have to apply for a license” in order to legally operate.

Nestcoin CEO on Real World Utilities of Stablecoins in Nigeria
Nestcoin CEO and co-founder Yele Bademosi discusses the real world utility of digital assets in Nigeria, citing the use of stablecoins like USDT in cross-border money movements.

Nestcoin CEO Addresses State of Crypto Adoption in Nigeria
Nestcoin CEO and co-founder Yele Bademosi discusses the state of crypto adoption in Nigeria and the citizens' awareness of digital assets after the country's government recently approved a national blockchain policy as part of the country's effort to transition to a digital economy.

Twitter Has No 'Actual Choice' About Government Censorship Demands, Elon Musk Says
Twitter has been criticized for complying with over 80% of government takedown requests under Elon Musk’s leadership, according to multiple media reports. CoinDesk Executive Director of Global Content Emily Parker discusses the social media platform's guidelines after Musk has previously referred to himself as a “free speech absolutist."

Bitcoin Below $27K as U.S. Debt Ceiling Bill Passes House, Moves to Senate
The House of Representatives passed the debt ceiling bill on Wednesday night, days before Treasury Secretary Janet Yellen said the U.S. would run out of money to pay its bills on time. "First Mover" discusses the impact of the legislation on the crypto markets ahead of the Federal Reserve's upcoming decision on interest rates in June.
