The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security. On-chain data from blockchain Arkham Intelligence showed that the Foundation shifted 1.974 million Avalanche’s AVAX token, valued at $71.2 million, and 39,500 BNB, approximately $23.5 million, to a new address identified as **“0x1346”** earlier today, May 31\. The wallet received its initial test transactions from the Foundation on May 17.

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Luna Foundation moves $95 million in crypto to new wallet citing enhanced security

Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate their colleagues about digital assets.

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Senator Lummis says crypto will play important role in US economy post-elections

Vitalik Buterin, co-founder of Ethereum, has provided a detailed reflection on the Bitcoin block size wars, a significant conflict within the Bitcoin community that spanned from 2015 to 2017\. This debate centered on whether to increase Bitcoin’s block size limit from 1 MB to accommodate more transactions, thereby reducing fees and enhancing its utility as a payment system.

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Vitalik Buterin critiques Bitcoin’s block size war, calls for innovation

Franklin Templeton, VanEck and Invesco Galaxy filed amended S-1 forms with the Securities and Exchange Commission on Friday for their spot Ethereum ETF applications. Those issuers, along with others, after successfully launching a spot Bitcoin ETF, are now trying to complete the necessary regulatory steps to launch a similar product that will allow investors to bet on the price of Ethereum without having to buy the cryptocurrency directly.

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Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs, Franklin lists 0.19% fee

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: **“I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a solana (SOL) ETF, there’s gonna be a cardano (ADA) ETF, and that’s great.”.**

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Ripple CEO Says XRP, Solana, Cardano ETFs Are 'Inevitable'

Galaxy Digital CEO Mike Novogratz predicts bitcoin could hit $100,000 by year-end, citing a positive U.S. political environment for digital assets. He highlighted growing optimism for cryptocurrencies and progress on SEC approval of spot ethereum ETFs. However, the industry recently faced a setback when President Joe Biden vetoed a resolution to overturn the controversial crypto rules in SAB 121.

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Mike Novogratz Expects Bitcoin to Hit $100K by Year-End as US Political Support for Crypto Grows

Bitcoin's price could increase to $100,000 ahead of the U.S. presidential election in November, according to Standard Chartered. **"As we approach the U.S. election, I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory,"** Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, said Thursday in an email sent to The Block.

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Standard Chartered says bitcoin could hit $100,000 ahead of US elections

Solana's continued price rise recently remains propelled by memecoin trading on its network, according to the founder of a decentralized exhange. **"Memecoins have certainly become a significant driver of activity on Solana. Beyond speculation, this showcases Solana’s ability to handle high transaction volumes with low fees, making it the perfect environment for retail users."** Frizza told The Block.

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Solana rally continues on memecoin activity and DeFi; ether implied volatility outpace bitcoin's

The platform is offering a collection of wines through the [Crypto.com](http://Crypto.com) exchange from seven producers, in the first of its kind in the traditional en primeur campaign. Through minting the NFT, purchasers will get the physical bottle, which will be stored in a secure warehouse by InterCellar, and also a 5% rebate to use on other wines.

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Bordeaux en primeur wines offered as NFTs

EarthMeta presale has taken the metaverse and crypto communities by storm, positioning itself as a strong competitor to established giants like Decentraland and The Sandbox. Offering compelling incentives, EarthMeta stands out as a significant project in the metaverse space. The performance of metaverse-related crypto-assets like $MANA and $SAND, which have outpaced traditional cryptocurrencies like Bitcoin and Ethereum in 2023-2024, indicates growing interest in the metaverse.

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EarthMeta Presale Explodes as the Next Big Metaverse Contender to Decentraland and The Sandbox

The crypto exchange Bybit seems to have enacted services in a previously restricted jurisdiction: the People's Republic of China. Bybit enabled registration and authentication services for users in China, allowing them to provide their ID, passport, driver's license, or resident permit to proceed with know-your-customer protocols on the platform, reports to social media-based news outlet Wu Blockchain. The Block reached out to Bybit for confirmation. 

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Bybit seems to open up registration and authentication to Chinese users

Robinhood is set to acquire Bitstamp in a potential $200 million deal designed to better position the crypto and stock trading platform for expansion outside of the U.S. The cash deal is expected to close in the first half of 2025, according to a statement on Thursday, subject to customary closing conditions — including regulatory approvals — Robinhood said. Barclays Capital Inc. served as the exclusive financial advisor to Robinhood, and Galaxy Digital Partners LLC served as the exclusive financial advisor to Bitstamp, according to the statement.

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Robinhood set to acquire crypto exchange Bitstamp in potential $200 million deal

Bitdeer’s (Nasdaq: BTDR) decision to purchase Desiweminer follows a comprehensive ten-month evaluation period, underscoring the strategic nature of this acquisition aimed at bolstering its ASIC design capabilities. Desiweminer, known for its sophisticated chip designs suitable for ultra-fine 4nm processes, will see its team integrated into Bitdeer’s operations in Singapore.

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Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of BTC-based NFTs, even amid a general decline in the digital collectibles market. The $3.82 billion has positioned BTC within the top five blockchains for NFT sales, securing the fourth spot just below the Ronin chain.

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Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

A 316-year-old Stradivarius violin once owned by the Russian empress Catherine the Great has been made into an NFT (Non-Fungible Token) by tech company Galaxy Digital Holdings LP. After being bought at auction for over $9 million last year by Hong Kong-based entrepreneur and investor Yat Siu, the violin itself and its NFT counterpart are now both held as collateral for a multi million-dollar loan to Siu.

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A 316-year-old violin once owned by Catherine the Great is now an NFT

Launched on Wednesday, the new e-commerce platform from the world’s largest retailer lets people shop digital doubles of select products sold at real-life Walmart stores via virtual bazaars designed to look like outlandish, make-believe worlds. There’s **“So Jelly,”** an underwater universe, **“Y’allternative,”** a frontier where the Wild West meets Gothic aestheticism and [**“Go Chromatic,”**](https://www.modernretail.co/technology/walmarts-3d-e-commerce-platform-realm-is-the-retailers-latest-metaverse-bet/) a metallic environment seemingly set in the middle of outer space.

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Walmart’s 3D e-commerce platform Realm is the retailer’s latest metaverse bet

Dapper Labs’ $4 million settlement agreement to end a class-action lawsuit against the firm reaffirms NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. The June 3 New York District Court filing shows Dapper Labs reached a settlement agreement with a class group of investors who had sued the firm in 2021, alleging it sold unregistered securities through its NBA Top Shot Moments NFTs.

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Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities

GD Grillers!

It’s recently come to our attention the need to reassess, update, and implement our content policy and Grill user guidelines. We aim to make Grill a safe zone for creators and their communities alike, but as much as the main goal is to help Grillers monetize their content, we must do this fairly.

Therefore, we have made **key changes to our** [**content policy**](https://grillapp.net/legal/content-policy?ref=12449) to ensure Grill remains a safe level playing field for high-quality creators. Please familiarize yourself with the [**new content guidelines**](https://grillapp.net/legal/content-policy?ref=12449) and tailor your amazing content to these policies moving forward.

## **📢 Important Changes**

These are some of the most important changes that have been made to our content policy:

* Code of Conduct update
* 3-flag rule
* Ban policy
* Redemption policy
* Reporting guidelines

## **📃 Code of Conduct**

Our recent decision to review and implement new policies was driven by multiple codes of conduct breaches by Grill users. Although some of these issues, like spamming, have always been a concern, other issues like copyright infringement, plagiarism, harassment, and abuse have come to light these past weeks.

Therefore, our **updated code of conduct** addresses different actions and behaviors that will be flagged by the team, including:

* **Originality and insight** \- Any form of content confirmed to be more than 40% AI-generated by [GPTzero](https://gptzero.me/) is deemed unoriginal and will be flagged.
* **Copyright and intellectual property** \- Unless the cross-posted content was originally created by you, any content found to be an obvious case of plagiarism, or confirmed as a more than 30% copy by [Duplichecker](https://www.duplichecker.com/) will be flagged. Even if you include a link to the original source.
* **No spam or irrelevant engagement** \- Repeating random letters, words, phrases, emojis, and invaluable interactions is a breach of this rule. Off-topic contributions and sharing links from sources like X or YouTube without relevant titles and captions (can be personal thoughts, video descriptions, etc) are also considered spam. Photography or blog-like content should be properly described/labeled as such.
* **No trolling, provoking, abuse, or harassment** \- Grill strongly frowns upon any type of content that intimidates, humiliates, or degrades other users. This is a serious policy violation, so we implore you to respect other users and be constructive with any kind of feedback.
* **No explicit, prohibited, harmful, or scam-like content**

See the full details of the updated Code of Conduct [here](https://grillapp.net/legal/content-policy?ref=12449).

## **🚩 3-Flag Rule**

One of the ways we intend to implement our new policies is through a **3-flag rule**. Simply put, this is the grace period given to violators. Thorough investigations will be carried out, and if a user is found guilty, they will be issued a flag.

❗ **Any violations after 3 flags will result in a 50% reward deduction that week.**

❗ **A three-time reward deduction for policy violations will result in a ban.**

For minor violations, the user will be issued 1 flag. For more serious violations, the user will be issued 3 strikes immediately. For extreme violations, the user will be BANNED from Grill.

**Minor violations (1 strike) 🚩**

* Unoriginal (AI-generated) content
* Copyright infringement
* Repeated spamming and off-topic content

**Serious violations (instant 3 strikes) 🚩🚩🚩**

* Trolling, abuse, insults, provocation, aggravation, and any form of intimidation toward other users
* Posting explicit content or comments
* Posting of prohibited items

## **⚠️ Ban Policy**

For extreme violations, guilty users will be **immediately banned** from the platform. Any new accounts created to circumvent the ban will also be banned, and users will not be allowed to use Grill within the ban period. **Instant ban offenses include:**

* **Hate speech** \- Any discriminatory, racist, offensive, hate speech and/or the intent to cause harm.
* **Harmful intent** \- Attempting to phish, scam, manipulate, and/or cause harm to other users.

## **😇 Redemption Policy**

All **minor offenders** will have a **clean slate** at the start of each new month. For example, if you had 3 strikes twice in the last month and one in the new month, it’ll be counted as a new 3-strike count, instead of three 3 strikes that would have resulted in a ban from Grill. Note that **your rewards for that week will still be deducted** and this is **for minor (1-strike) offenses only**.

## **👀 Reporting Guidelines**

To ensure we are all involved in making Grill a better place, we have created new report guidelines.

1. [**Policy violations chat**](https://grillapp.net/c/subsocial/177594) \- If you come across any post or comment you believe breaches our new policies, please share it on this chat. If the reported user is found guilty, we will take further action.
2. [**Grill policy violations space**](https://grillapp.net/30180?ref=12449) \- On this space, the team will repost any content that has proven to violate any policy. This will serve as a track record for strike counts and a warning system for offenders and other users on Grill. We oblige users not to like/reward these report posts (due to the rewards splitting mechanism) and COMMENT ONLY.

## **🤝 Conclusion**

We understand that some users may deem these actions as a move towards centralization, but we beg to differ. **The team does not wish to stifle your freedom of speech**, but as early builders, we all have a common goal — making Grill the biggest SocialFi and DeSo out there. WAGMI, but we can’t do that by encouraging/rewarding spam, abuse, or other forms of malicious intent.   

As big believers in second chances, consider this announcement an olive branch to all past offenders. It’s a **new dawn for high-value content and creators on Grill**, so this will be a fresh start, a clean slate, and a new opportunity for all our Grillers to do even better.

  
The Subsocial team appreciates your understanding, and with that being said, “***Let’s make Grill great again***” 💪

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🌄 New Policies and a Fresh Start For a Cleaner Grill

## **AwesomeDOT Giveaway**

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1. **Visit** [**zealy.io**](https://zealy.io/cw/awesomedot)**.**
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Ready to Win🏆 Amazing 🎁 Prizes?

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Hi Vee,

I appreciate the guidelines you've provided to most of my questions, but I have a couple of concerns I'd like to address.

First, regarding plagiarism, my understanding of plagiarism is "the practice of taking someone else's work or ideas and passing them off as one's own." In our case, we only share summaries of news articles and provide a source link for those interested in reading the full article. This way, we are not claiming the content as our own but rather curating the best news in one place to save users time and effort. Could you clarify how this could be considered plagiarism, especially when we are not presenting it as our own work?

Secondly, I noticed that many creators share memes on this platform and also on Memes Chatroom. You have also encouraged them to post the same memes on the newly launched platform, EpicApp. It seems unlikely that they create all these memes themselves, as they often come from other channels/sources. Additionally, on the new EpicApp platform, users share memes and personal photos, raising the question of whether sharing memes here would pose any problems.

When I joined the platform about five months ago, the goal was to earn by creating content easily. If we need to do extensive work to avoid plagiarism issues, how can we earn easily? Could you provide some guidance on how we can continue to share content effectively while adhering to the rules?

Hi Vee,

I appreciate the guidelines you've provided to most of my questions, but I have a couple of concerns I'd like to address.

First, regarding plagiarism, my understanding of plagiarism is "the practice of taking someone else's work or ideas and passing them off as one's own." In our case, we only share summaries of news articles and provide a source link for those interested in reading the full article. This way, we are not claiming the content as our own but rather curating the best news in one place to save users time and effort. Could you clarify how this could be considered plagiarism, especially when we are not presenting it as our own work?

Secondly, I noticed that many creators share memes on this platform and also on Memes Chatroom. You have also encouraged them to post the same memes on the newly launched platform, EpicApp. It seems unlikely that they create all these memes themselves, as they often come from other channels/sources. Additionally, on the new EpicApp platform, users share memes and personal photos, raising the question of whether sharing memes here would pose any problems.

When I joined the platform about five months ago, the goal was to earn by creating content easily. If we need to do extensive work to avoid plagiarism issues, how can we earn easily? Could you provide some guidance on how we can continue to share content effectively while adhering to the rules?

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Being a part of The Creator Economy is great!

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I earned 7 SUB last week for my activity on Subsocial!

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Coin About

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VeeTheCreator

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Fardeen Haque (AwesomeDot)

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Grill policy violations

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Grill Admin

A 316-year-old Stradivarius violin once owned by the Russian empress Catherine the Great has been made into an NFT (Non-Fungible Token) by tech company Galaxy Digital Holdings LP. After being bought at auction for over $9 million last year by Hong Kong-based entrepreneur and investor Yat Siu, the...

Franklin Templeton, VanEck and Invesco Galaxy filed amended S-1 forms with the Securities and Exchange Commission on Friday for their spot Ethereum ETF applications. Those issuers, along with others, after successfully launching a spot Bitcoin ETF, are now trying to complete the necessary...

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a...

GD Grillers!

It’s recently come to our attention the need to reassess, update, and implement our content policy and Grill user guidelines. We aim to make Grill a safe zone for creators and their communities alike, but as much as the main goal is to help Grillers monetize their content, we must...

The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security. On-chain data from blockchain Arkham Intelligence showed that the Foundation shifted 1.974 million Avalanche’s AVAX token, valued at $71.2...

The crypto exchange Bybit seems to have enacted services in a previously restricted jurisdiction: the People's Republic of China. Bybit enabled registration and authentication services for users in China, allowing them to provide their ID, passport, driver's license, or resident permit to proceed...

Galaxy Digital CEO Mike Novogratz predicts bitcoin could hit $100,000 by year-end, citing a positive U.S. political environment for digital assets. He highlighted growing optimism for cryptocurrencies and progress on SEC approval of spot ethereum ETFs. However, the industry recently faced a...

AwesomeDOT Giveaway

You only need to complete easy tasks like:

Visit zealy.io.

Follow our Twitter account.

Play a fun Polkadot quiz to test your knowledge.

Subscribe to our YouTube channel.

What You'll Get:
200 SUB Tokens for EVERY participant who completes all four tasks by claiming the...

In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of...

Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years...

Bitcoin's price could increase to $100,000 ahead of the U.S. presidential election in November, according to Standard Chartered. "As we approach the U.S. election, I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory," Geoffrey Kendrick, head of Standard...

Solana's continued price rise recently remains propelled by memecoin trading on its network, according to the founder of a decentralized exhange. "Memecoins have certainly become a significant driver of activity on Solana. Beyond speculation, this showcases Solana’s ability to handle high...

The platform is offering a collection of wines through the Crypto.com exchange from seven producers, in the first of its kind in the traditional en primeur campaign. Through minting the NFT, purchasers will get the physical bottle, which will be stored in a secure warehouse by InterCellar, and...

EarthMeta presale has taken the metaverse and crypto communities by storm, positioning itself as a strong competitor to established giants like Decentraland and The Sandbox. Offering compelling incentives, EarthMeta stands out as a significant project in the metaverse space. The performance of...

Vitalik Buterin, co-founder of Ethereum, has provided a detailed reflection on the Bitcoin block size wars, a significant conflict within the Bitcoin community that spanned from 2015 to 2017. This debate centered on whether to increase Bitcoin’s block size limit from 1 MB to accommodate more...

Hi Vee,

I appreciate the guidelines you've provided to most of my questions, but I have a couple of concerns I'd like to address.

First, regarding plagiarism, my understanding of plagiarism is "the practice of taking someone else's work or ideas and passing them off as one's own." In our case...

Dapper Labs’ $4 million settlement agreement to end a class-action lawsuit against the firm reaffirms NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. The June 3 New York District Court filing shows Dapper Labs reached a settlement agreement with a...

Robinhood is set to acquire Bitstamp in a potential $200 million deal designed to better position the crypto and stock trading platform for expansion outside of the U.S. The cash deal is expected to close in the first half of 2025, according to a statement on Thursday, subject to customary...

Launched on Wednesday, the new e-commerce platform from the world’s largest retailer lets people shop digital doubles of select products sold at real-life Walmart stores via virtual bazaars designed to look like outlandish, make-believe worlds. There’s “So Jelly,” an underwater universe...

Discover the Crypto Coin About, a cutting-edge platform tailored for passionate individuals seeking to stay informed about the latest coin opportunities on Polkadot and Crypto Exchange, including Binance. By joining our channel, you will gain access to daily coin recommendations, empowering you...

Bitdeer’s (Nasdaq: BTDR) decision to purchase Desiweminer follows a comprehensive ten-month evaluation period, underscoring the strategic nature of this acquisition aimed at bolstering its ASIC design capabilities. Desiweminer, known for its sophisticated chip designs suitable for ultra-fine 4nm...

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