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Irtaza Ali
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Yuga Labs, creator of Bored Apes, which has dropped 95% in value, partners with the World Economic Forum, sparking mixed reactions due to the WEF’s controversial stance on control and ownership. Source: World Economic Forum
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Venezuela pushes forward with cryptocurrency for oil trade amid renewed US sanctions. Insiders report that the national oil company PDVSA is seeking to dodge these financial barriers by embracing digital currency. This shift gains urgency as US Treasury’s May 31 deadline looms, after which oil dealings with Venezuela will require individual US clearances, a measure prompted by the nation’s stalled electoral reforms. Source: Reuters
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Barstool Sports owner Dave Portnoy announces plans to expand his Bitcoin holdings, stating a commitment to keep some "forever". Source: Bitcoin Magazine
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Foreign Minister Sergei Lavrov revealed on Monday in Moscow that Russia and China have significantly reduced their reliance on the dollar in bilateral trade. Lavrov noted that over 90% of transactions are now conducted using their respective national currencies. Despite ongoing efforts by Western nations to impede their cooperation, trade and economic ties between Russia and China continue to flourish. Source: Tass
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