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PayPal is quietly removing protections for nonfungible token (NFT) purchases. From May 20, buyer and seller protection coverages for NFT transactions will be removed, including those worth $10,000.01 or above. In other news, Adidas has partnered with move-to-earn game Stepn to release co-branded sneaker NFTs on the Solana network. The sneakers will cost around 10,000 GMT tokens, approximately $2,500. Lastly, Louis Vuitton has announced an $8,400 varsity jacket, which includes a corresponding digital collectible NFT. The jacket is part of the brand's ongoing Via NFT project.

PayPal is quietly removing protections for nonfungible token (NFT) purchases. From May 20, buyer and seller protection coverages for NFT transactions will be removed, including those worth $10,000.01 or above. In other news, Adidas has partnered with move-to-earn game Stepn to release co-branded sneaker NFTs on the Solana network. The sneakers will cost around 10,000 GMT tokens, approximately $2,500. Lastly, Louis Vuitton has announced an $8,400 varsity jacket, which includes a corresponding digital collectible NFT. The jacket is part of the brand's ongoing Via NFT project.

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Ішінде жарнамалық контент болуы мүмкін. Шарттар мен талаптарды қараңыз.
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Elon Musk threatens to ban Apple devices within his companies if Apple integrates OpenAI's ChatGPT into its operating systems. Greenpeace campaigns for Bitcoin to change its proof-of-work consensus model to a more environmentally friendly proof-of-stake model. Terraform Labs agrees to pay $4.47 billion to resolve an SEC civil lawsuit. Keith Gill, aka Roaring Kitty, buys another 4M GME stocks, sparking speculation about his potential board membership. May institutional investments in the crypto sector hit $1 billion, driven by Ethereum. Bitcoin (BTC) ends the week at $66,483, Ether (ETH) at $3,464, and XRP at $0.47. Crypto hacks soar to $19B in 13 years, according to Crystal Intelligence.
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OpenAI, the AI company with a private valuation of around $86 billion, is reportedly considering a transition from a capped-profit corporation to a full for-profit model. CEO Sam Altman is said to have shared this possibility with shareholders recently. If this change occurs, OpenAI’s non-profit board would lose control of the company. This comes as Altman has reshuffled the board, adding new members including former CEO of the Bill and Melinda Gates Foundation Sue Desmond-Hellmann, former Sony VP Nicole Seligman, and Instacart CEO Fidji Simo. The addition of retired U.S. Army general and former NSA director Paul Nakasone has sparked criticism from former U.S. intelligence contractor Edward Snowden.
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Telecommunications giant T-Mobile Deutsche Telekom is set to start Bitcoin mining, adding to its existing crypto activities. The company has been operating a Bitcoin node and Bitcoin Lightning nodes since 2023. The announcement was made by Dirk Röder, Head of Web3 Infrastructure and Solutions at Deutsche Telekom, at BTC Prague. The firm has been a Polygon validator since June 2023, offering staking and validation services on Polygon and supporting its proof-of-stake consensus mechanism. In addition, Deutsche Telekom partnered with Fetch.ai in February to establish enterprise AI and support AI-driven autonomous agents.
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Ethereum co-founder Vitalik Buterin has praised the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain applications. The TiTok method, developed by ByteDance and Technical University Munich researchers, significantly reduces image size without losing quality, making it more suitable for blockchain storage. Buterin highlighted TiTok’s potential on the decentralized social media platform Farcaster, stating that the reduced image size is "small enough to go on chain for every user.” This development could have significant implications for digital image storage of profile pictures and non-fungible tokens (NFTs).
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Bitcoin's price has dipped to a one-month low, falling by 3.5% to $64,950 on June 14. This brings the week-to-date losses to over 6.7%, marking the lowest levels since mid-May. Crypto experts are now watching the cost basis of hodlers (long-term holders) as a potential indicator of future price movements. Short-term holders, who hold Bitcoin for up to 155 days, have a cost basis of $62,200. Meanwhile, those hodling for three to six months have a realized price of $55,500. Long-term holders, or "diamond hands," have their cost basis at $24,300. Market watchers are now speculating on whether the Bitcoin price will fall below $60,000.
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