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NFT
Bored Ape NFT Prices Tank to August 2022 Levels, Down 90% From Peak
Bored Apes were one of the most globally hyped NFTs in the last bull market, but have suffered amid a general lack of demand for NFT collections.

Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products
Users have been prompted to withdraw Bitcoin NFTs from Binance by May 18.

Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources
The blockchain developer gave the coffee giant a $4 million grant as part of their 2022 deal to build an NFT-powered loyalty program that is now being shuttered.

Spot Bitcoin ETFs See Record $1B in Net Inflows; Ethereum's 'Dencun' Upgrade Goes Live
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including bitcoin's (BTC) recent price movements as the spot BTC ETF products scored over $1 billion in net inflows on Tuesday. Plus, the Ethereum network went live successfully with its much-anticipated "Dencun" upgrade, and why a U.S. government study says no NFT-specific legislation is needed now.

U.S. Government Study Concludes No NFT-Specific Legislation Needed, Current Copyright Laws Adequate
The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks.

NFT Providers May Need Registration to Comply With UK Money Laundering Rules
The U.K. started a consultation on its money laundering rules on Monday.

Donald Trump Sounds More Constructive on Bitcoin
Three years ago, the ex-president labeled bitcoin as a "scam."

Coachella Innovation Lead Looks to the Future of Music Festivals
Coachella Innovation Lead Sam Schoonover shares his outlook on the future of music festivals and the role of technologies in that vision. Plus, Schoonover says purchasing and earning tokens can "allow people to customize their experience online and IRL."

Why Coachella Chose Avalanche to Power Their NFTs
Coachella Innovation Lead Sam Schoonover answers five rapid fire questions from CoinDesk, including NFT's killer use cases, the journey that led him to digital collectibles and why it chose Avalanche to launch the collection.

Coachella Teams Up With OpenSea for NFT Collections That Unlock IRL Utilities
Coachella announced their partnership with NFT platform OpenSea for Keepsakes, a series of collections that unlock IRL utilities at the California-based music festival. Coachella Innovation Lead Sam Schoonover joins "First Mover" to discuss the partnership and his vision on the digitization of music festivals.
