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StepN Hit by DDOS Attack; S Korea’s Metaverse Studies
Web 3 lifestyle app StepN suffers DDOS attack. Australia’s Gold Coast mayor reckons local taxes could soon be paid in Bitcoin. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Bitcoin Mining Stocks Decline Over 50%
Bitcoin mining stocks like Riot Blockchain (RIOT) and Marathon Digital (MARA) declined by more than 50% on average as BTC’s price slumped following last year’s bull run. Data suggests bitcoin supply held in miner addresses have mainly been net outflows since April. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

CFTC Sues Gemini Over Bitcoin Futures Case From 2017
The Commodity Futures Trading Commission (CFTC) sued Gemini Trust on allegations of “misleading statements and information” made by the exchange’s staff during their 2017 launch trading of a BTC futures contract. Jones Day Financial Markets Partner Josh Sterling discusses why the lawsuit is a “forward looking” lesson for crypto regulation.

New York Senate Passes Bitcoin Mining Moratorium, Citing Environmental Concerns
The New York State Senate passed a bitcoin mining moratorium, banning proof-of-work (PoW) mining operations powered by carbon-based energy sources for two years. CoinDesk’s Managing Editor of Technology Christie Harkin discusses what this means for the mining community in New York and beyond.

New York Senate Passes Bitcoin Mining Moratorium
The New York State Senate passed a bill targeting proof-of-work (PoW) mining in an effort to address some of the environmental concerns about cryptocurrencies. CoinDesk's Managing Editor for Global Policy and Regulation Nikhilesh De discusses the potential impact on the local crypto community and the mining industry at large.

Meet the Tech Expert Urging Washington to ‘Resist Pressure’ From Crypto Industry
This week, 26 tech experts and academics wrote to U.S. lawmakers criticizing cryptocurrency and blockchain technology to counter lobbying efforts by the crypto industry. One of the signatories and author of “Attack of the 50-Foot Blockchain” David Gerard shares his insights into the purpose and key takeaways of the letter.

NFT & Web 3 Attorney on the First NFT Insider Trading Case
The U.S. Department of Justice charged former OpenSea staffer Nate Chastain for wire fraud and money laundering on allegations he misused confidential information to trade NFTs. NFT & Web 3 Attorney Moish Peltz discusses his take on the charges, the legal considerations of digital collectibles, and the potential outcomes.

Bitcoin Set to Record 10-Week Losing Streak
Bitcoin (BTC) is on track to record 10 consecutive weeks of losses for the first time in its history. Quantfury CEO Ali Pourdad dicusses the potential factors driving prices lower and where we’re headed next. Plus, reactions to the latest U.S. jobs report, Elon Musk seeking 10% job cuts at Tesla.

Elon Musk Has ‘Super Bad Feeling’ About Economy: Report
According to Reuters, Tesla CEO Elon Musk is looking to cut 10% of the electric automaker’s workforce and is sounding the alarm about the state of the U.S. economy. “The Hash” panel discusses his comments as more crypto firms are slashing jobs.

Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
