- Revenue from transaction fees collected by bitcoin miners skyrocketed in May thanks to Ordinals (Bitcoin). They reached their highest level in more than two years. In addition the developers have introduced a converter from NFT (ERC-721, Ethereum) to Ordinals.

- Beware, due to the arrest of the CEO (Zhaojun) and the fact that Multichain's treasury is backed up to 30%, the Gate io exchange may have insolvency problems.

- USDT's market share fell from 47.4% to 65.89% over the past year, while USDC's fell from 34.5% to 23.02%. USDT therefore becomes the first stablecoin on the market. By the way, Tether (USDT), announces its investment in electricity production in Uruguay and the launch of Bitcoin mining in the country.

- The 30% tax planned by the Biden administration on cryptocurrency mining is abandoned.

- The giant Deutsche Telekom becomes a Polygon (MATIC) node validator.

- The central banks of the United Arab Emirates and Hong Kong are working together on cryptocurrency regulation and fintech development, according to the Hong Kong Monetary Authority.

- The Lao government is adopting blockchain for its digital transformation. MetaBank is creating a blockchain research center in partnership with the Laos Ministry of Technology.

- Beijing has published a white paper on "Innovation and Development of Web3". According to the document, blockchain technology is an "inevitable trend for the future development of the Internet industry".

NFT of the week https://lenster.xyz/posts/0x0157e0-0x93-DA-f0d7970b   (Polygon network on Lens Protocol https://lenster.xyz/u/pasucaru )