Mark Cuban, owner of the NBA team Dallas Mavericks, shared his true thoughts on cryptocurrency. Cuban said, "Cryptocurrency is still waiting for its Instagram moment. What cryptocurrency lacks is an app that grandma wants to use." When asked if he thinks cryptocurrency is dead, Cuban immediately said, "No. Absolutely not." However, the billionaire added, "But I do think there are some issues with cryptocurrency. First, most people, when they think of cryptocurrency, they think of speculation. That's not the true meaning of cryptocurrency. Second, cryptocurrency is actually about creating new applications that make things better and easier."
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Mark Cuban: Cryptocurrencies lack an easier-to-use app
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Cointime's Evening Highlights for May 24th
1. CryptoPunks Launches “Super Punk World” Digital Avatar Series -
Pudgy Penguins and Lotte strategically cooperate to expand into the Korean market, and the floor price rose by 3.1% on the 7th
The NFT series "Pudgy Penguins" has recently announced a strategic partnership with South Korean retail and entertainment giant Lotte Group on the X platform to expand its market in South Korea and surrounding areas. More information will be announced in the future. According to CoinGecko data, the floor price of Pudgy Penguins is currently 11.8 ETH, with a 7-day increase of 3.1%. -
CryptoPunks Launches “Super Punk World” Digital Avatar Series
Blue-chip NFT project CryptoPunks announced the launch of "Super Punk World" on X platform, which is the project's first release of 500 digital avatars inspired by the iconic CryptoPunks features and combined with Super Cool World attributes. It is reported that the series may launch auctions in the future, and more details about the collection and auction of this series will be announced soon. -
Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components
The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon. -
U.S. senators propose spending $32 billion to develop AI and build safeguards around it
A bipartisan group of four senators led by Chuck Schumer, the leader of the majority party in the United States, has proposed that Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safeguards around it. -
CryptoQuant: Bitcoin demand is now in acceleration mode again after two months of decline
On May 16th, cryptocurrency analysis company CryptoQuant stated in a report that despite a rebound in Bitcoin demand from the low point of the accumulation range, after two months of downward trend, Bitcoin demand is once again in "acceleration mode". -
Fed's Schmid: Low interest rate environment "may not necessarily" return
The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return. -
a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy
Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this. -
Reuters: Honduran regulators ban institutions from trading cryptocurrencies
The National Bank and Securities Commission regulatory agency in Honduras stated in a resolution that due to the risk of fraud and money laundering, the country's financial system is banned from trading cryptocurrencies and similar virtual assets. The commission stated that the resolution, dated Monday, was made public on Friday with immediate effect. The resolution prohibits its regulated institutions from "holding, investing or trading in cryptocurrencies, crypto assets, virtual currencies, tokens or any similar virtual assets that have not been issued or authorized by the central bank." -
Hong Kong Independent Commission Against Corruption: Currently, crimes involving new technologies such as virtual currencies are not mainstream in Hong Kong
Hong Kong Independent Commission Against Corruption Commissioner Simon Peh Yun-lu expressed concern about whether new technologies such as artificial intelligence, blockchain or virtual currency will be used for criminal activities. He said that these cases are not yet mainstream in Hong Kong, but will refer to the experience of other countries or regions to deal with them.
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