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Web3 and NFT Hot Topics This Week (107)
Welcome to OpenSea’s digest, our look back at the biggest NFT and Web3 news of the week.
Niceaunties brings surreal art to L’Oréal Paris for longevity and beauty event
Singaporean artist and Auntieverse creator Niceaunties made her debut at the L'Oréal Paris headquarters as part of a private event themed around longevity and beauty.
The iconic Auntie character appears in a new installation that features a mix of recent and earlier works, all centered around themes of transformation, beauty, and everyday humor.
One piece created specifically for the event is a lifelike sculpture created in collaboration with prosthetic artist Valter Adam Casotto and his partner Martine. The duo is known for their lifelike makeup techniques, and the sculpture includes playful details such as green spinach on the teeth, adding a lifelike approachability to the exhibition.
Niceaunties brings surreal art to L’Oréal Paris for longevity and beauty event
Singaporean artist and Auntieverse creator Niceaunties made her debut at the L'Oréal Paris headquarters as part of a private event themed around longevity and beauty.
The iconic Auntie character appears in a new installation that features a mix of recent and earlier works, all centered around themes of transformation, beauty, and everyday humor.
One piece created specifically for the event is a lifelike sculpture created in collaboration with prosthetic artist Valter Adam Casotto and his partner Martine. The duo is known for their lifelike makeup techniques, and the sculpture includes playful details such as green spinach on the teeth, adding a lifelike approachability to the exhibition.
万宝宝爱稳健:
跟单我，稳健盈利，月化率25%！不用自己盯盘！务必定比跟单！跟单者亏就是因为搞了定额😓
Worth Knowing: Bahamut Blockchain – Rethinking Validator Incentives
Bahamut is an #CoinDesk EVM-compatible Layer-1 blockchain launched in May 2023, introducing a groundbreaking Proof of Stake and Activity (PoSA) consensus mechanism.$ETH
🔄 What Makes Bahamut Different?
Unlike traditional Proof of Stake (PoS), which rewards validators based only on how many tokens they stake, Bahamut’s#CoinDesk PoSA model offers a dual incentive:$ETH
✅ Staking rewards for token holders
🚀 Activity rewards for deploying smart contracts that drive real network usage#CoinDesk $BNB
This means validators are motivated not just to hold, but to build and contribute, aligning network growth with actual utility and engagement.#coindesk
---
📊 Institutional Insight
This report, commissioned by Bahamut and prepared by #CoinDesk CoinDesk Research, provides:
Full due diligence on validator design
Analysis of tokenomics, technical architecture, and ecosystem metrics
An unbiased view of Bahamut's position in the competitive Layer-1 space
It’s aimed at:
Institutional investors
#blockchain Blockchain developers
Market participants evaluating next-gen #blockchain blockchain infrastructure
---
Bahamut isn’t just another chain. It’s an infrastructure that rewards real buil
ders.
📎 Powered by: CoinDesk Research
🔄 What Makes Bahamut Different?
Unlike traditional Proof of Stake (PoS), which rewards validators based only on how many tokens they stake, Bahamut’s#CoinDesk PoSA model offers a dual incentive:$ETH
✅ Staking rewards for token holders
🚀 Activity rewards for deploying smart contracts that drive real network usage#CoinDesk $BNB
This means validators are motivated not just to hold, but to build and contribute, aligning network growth with actual utility and engagement.#coindesk
---
📊 Institutional Insight
This report, commissioned by Bahamut and prepared by #CoinDesk CoinDesk Research, provides:
Full due diligence on validator design
Analysis of tokenomics, technical architecture, and ecosystem metrics
An unbiased view of Bahamut's position in the competitive Layer-1 space
It’s aimed at:
Institutional investors
#blockchain Blockchain developers
Market participants evaluating next-gen #blockchain blockchain infrastructure
---
Bahamut isn’t just another chain. It’s an infrastructure that rewards real buil
ders.
📎 Powered by: CoinDesk Research
🟨 CoinDesk 20 Performance Update 🟨
🗓️ June 11, 2025 | 9AM ET
📈 Index: 3,283.15
↗️ +0.4% (+13.33) from Tuesday
🔥 Top Performers:
🔹 $AAVE +2.8% 🚀
🔹 $BCH +1.9% 💥$
📊 Market showing bullish momentum as leaders outpace the pack. Are we setting up for another green day? 🟢
💬 Drop your trades below 👇
#CoinDesk #AAVE #BCH #BinanceSquare #TradingUpdate
🗓️ June 11, 2025 | 9AM ET
📈 Index: 3,283.15
↗️ +0.4% (+13.33) from Tuesday
🔥 Top Performers:
🔹 $AAVE +2.8% 🚀
🔹 $BCH +1.9% 💥$
📊 Market showing bullish momentum as leaders outpace the pack. Are we setting up for another green day? 🟢
💬 Drop your trades below 👇
#CoinDesk #AAVE #BCH #BinanceSquare #TradingUpdate
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
CoinDesk 20 Index Takes a Hit – Crypto Market Faces Volatility! 🚨
The #CoinDesk 20 Index is feeling the heat, dropping 3.3% to 2571.75, shedding 88.79 points since Monday afternoon. With all 20 assets in the red, this decline signals a rough patch for the crypto market.
🔍 Winners & Losers in the Chaos
✅ Survivors: APT (-0.2%) and BCH (-0.7%) managed to keep losses minimal.
❌ Biggest Losers: LTC (-5.6%) and FIL (-5.5%) took heavy hits, leading the decline.
💡 What This Means for Crypto Investors
🔹 Market-wide pressure – The downturn shows uncertainty across major assets, making investors cautious.
🔹 Volatility at play – Sharp fluctuations remind us that crypto markets are highly unpredictable.
🔹 Strategic moves needed – As markets shift, traders must watch trends closely and position themselves wisely.
The #CoinDesk 20 Index is a key market indicator, giving insights into global crypto trends. With investors on high alert, the next moves in the market could be critical. Will this dip be a buying opportunity, or is more turbulence ahead? 🚀
$BTC
#BMTOnBinance #BinanceAlpha2.0 #crypto
The #CoinDesk 20 Index is feeling the heat, dropping 3.3% to 2571.75, shedding 88.79 points since Monday afternoon. With all 20 assets in the red, this decline signals a rough patch for the crypto market.
🔍 Winners & Losers in the Chaos
✅ Survivors: APT (-0.2%) and BCH (-0.7%) managed to keep losses minimal.
❌ Biggest Losers: LTC (-5.6%) and FIL (-5.5%) took heavy hits, leading the decline.
💡 What This Means for Crypto Investors
🔹 Market-wide pressure – The downturn shows uncertainty across major assets, making investors cautious.
🔹 Volatility at play – Sharp fluctuations remind us that crypto markets are highly unpredictable.
🔹 Strategic moves needed – As markets shift, traders must watch trends closely and position themselves wisely.
The #CoinDesk 20 Index is a key market indicator, giving insights into global crypto trends. With investors on high alert, the next moves in the market could be critical. Will this dip be a buying opportunity, or is more turbulence ahead? 🚀
$BTC
#BMTOnBinance #BinanceAlpha2.0 #crypto
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Cardano ADA Drops 8%: Waiting for the "Trump Boost" for Bitcoin to Grow
The cryptocurrency market is having a volatile week as Bitcoin (BTC) continues to weaken, dragging major altcoins such as Cardano ($ADA ), Solana ($SOL ), Binance Coin (BNB), and Ethereum ($ETH ) down in price. Investors are now focusing on US economic data and the inauguration of President Donald Trump, which are expected to have a major impact on the market.
Cardano Leads the Downtrend
Cardano Leads the Downtrend
👉👉👉 #coindesk ’s New Owner #bullish Replaces CEO in Restructuring
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
👉👉👉 Peter Thiel Made $200M Investment in $BTC , $ETH Before #Bullrun : Reuters
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
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Pakistan Bets on Blockchain: Will Billion-Dollar Remittances Change the Landscape?
Pakistan, one of the largest remittance-receiving countries in the world, is considering using blockchain technology to revolutionize the process of transferring money from abroad. According to Bilal bin Saqib, senior advisor to the Finance Minister and member of the newly established Pakistan Cryptocurrency Council (PCC), blockchain could be the key to reducing costs and speeding up transactions. Could this move help Pakistan tap into the enormous economic potential from its overseas labor community?
Pakistan's Strategic Move Towards Cryptocurrency Integration
Pakistan is embarking on a transformative journey to integrate cryptocurrency and blockchain technology into its national economic framework. This initiative is spearheaded by the newly established Pakistan Crypto Council (PCC), led by Chief Advisor to the Finance Minister, Bilal Bin Saqib.Bitcoin $BTC
agazine+14CoinDesk+14Reddit+14
A cornerstone of this strategy is the creation of a national Bitcoin reserve, inspired by similar moves in the United States. The reserve will consist of Bitcoin holdings from criminal and civil forfeitures, with a policy of long-term retention rather than speculative trading. This approach aims to establish Bitcoin as a strategic asset within Pakistan's financial system.
To support this digital infrastructure, Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers. This move addresses the country's surplus electricity capacity and is expected to attract foreign investment, create high-tech employment opportunities, and foster economic growth. Reuters
The PCC is also working towards formalizing cryptocurrency regulations to provide a clear legal framework for digital assets. This includes exploring blockchain-based solutions for remittances, which could streamline the process and reduce costs for the significant Pakistani diaspora. Business Recorder+7The Express Tribune+7Profit by Pakistan Today+7CoinDesk
With over 60% of its population under the age of 30, Pakistan is positioning itself to become a hub for blockchain and Web3 innovation. The government's proactive stance on cryptocurrency and blockchain technology reflects a commitment to embracing digital transformation and fostering a more inclusive financial ecosystem.#CoinDesk
agazine+14CoinDesk+14Reddit+14
A cornerstone of this strategy is the creation of a national Bitcoin reserve, inspired by similar moves in the United States. The reserve will consist of Bitcoin holdings from criminal and civil forfeitures, with a policy of long-term retention rather than speculative trading. This approach aims to establish Bitcoin as a strategic asset within Pakistan's financial system.
To support this digital infrastructure, Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers. This move addresses the country's surplus electricity capacity and is expected to attract foreign investment, create high-tech employment opportunities, and foster economic growth. Reuters
The PCC is also working towards formalizing cryptocurrency regulations to provide a clear legal framework for digital assets. This includes exploring blockchain-based solutions for remittances, which could streamline the process and reduce costs for the significant Pakistani diaspora. Business Recorder+7The Express Tribune+7Profit by Pakistan Today+7CoinDesk
With over 60% of its population under the age of 30, Pakistan is positioning itself to become a hub for blockchain and Web3 innovation. The government's proactive stance on cryptocurrency and blockchain technology reflects a commitment to embracing digital transformation and fostering a more inclusive financial ecosystem.#CoinDesk
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Hong Kong will host at least 93 major events in the first half of next year, expected to bring in HKD 3.3 billion in consumption!
Recently, the Hong Kong government announced the event calendar for the first half of next year. Hong Kong's Deputy Financial Secretary, Huang Weilun, stated at a press conference that there will be at least 93 major events in the first half of next year, of which 14 will span this year, expected to attract 840,000 visitors, an increase of over 50% year-on-year, and is expected to bring in HKD 3.3 billion in consumption and HKD 1.8 billion in economic added value, representing an increase of 40% and 30% year-on-year, respectively.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.
#CongressTradingBan
This doesn't harm those people who invite others to invest. The real impact won't be on them. The real risk is only for those whose investments are not transparent or who are in it for short term gain.
But if your investment is clean and you're in a long term project then there's not much to worry about.
What you need to do
Keep an eye on the news
Follow updates on #Binance #CoinDesk and #cointelegrapy
Avoid short term hype and schemes in this situation
Focus on transparent and utility based projects like RWA
DePIN just like what $SOL is doing.
This doesn't harm those people who invite others to invest. The real impact won't be on them. The real risk is only for those whose investments are not transparent or who are in it for short term gain.
But if your investment is clean and you're in a long term project then there's not much to worry about.
What you need to do
Keep an eye on the news
Follow updates on #Binance #CoinDesk and #cointelegrapy
Avoid short term hype and schemes in this situation
Focus on transparent and utility based projects like RWA
DePIN just like what $SOL is doing.
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