WAO ART #461

Coinbase, the largest US crypto exchange, is entering Australia's $600 billion pension market. The company is developing tailored crypto services for the self-managed pension sector. Self-managed funds in Australia have allocated nearly $664 million to crypto investments.

India's markets regulator, SEBI, supports shared oversight of crypto trade. The central bank, RBI, takes a tougher stance and sees crypto as a macroeconomic risk. SEBI proposes multiple regulators overseeing crypto trade to the government panel.

Democratic Senator Elizabeth Warren's campaign against crypto is facing opposition within her own party. Democrats joined with Republicans to overturn an SEC crypto guideline that may have discouraged banks from holding digital assets.

Ripple's expansion into the African market has boosted the trajectory of its crypto. XRP is currently trading at around $0.52 and speculation is growing about whether it can reach $1. Ripple aims to tap into Africa's potential by leveraging its blockchain technology for cross-border payments and banking solutions.

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national grid to tackle the energy crisis. The government aims to control excess energy consumption while ensuring a consistent power supply for the local population.

Russia and Iran are collaborating on creating a single BRICS currency, according to the Iranian ambassador to Russia. Over 60% of bilateral trade between Russia and Iran is conducted in Russian rubles and rials, indicating a shift away from the US dollar.

LayerZero Labs has concluded the self-reporting phase for sybil activity solutions. 803,093 addresses were flagged as potential sybil addresses. Sybil reward hunting began on May 18th and ends on June 1st. Addresses meeting the criteria will receive 15% of the expected token allocation.