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Accessible luxury brand Lacoste has launched an NFT project named “Undw3” that includes a new decentralized autonomous organization (DAO) that will offer token holders voting power on certain products and business partnerships.

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Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway.

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Crypto prices have been exploring new lows for weeks and currently it's unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the market are on the verge of a breakout.

"I don't own any. I like investing in things that have valuable output," Bill Gates said.

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Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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Check out the companies making headlines in early morning trading.

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Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings.

Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move toward the mass adoption of blockchain technology. 

ConsenSys has been at the centre of the Web3 revolution, setting itself the task of unlocking the "collaborative power of communities by making DAOs, NFTs, and DeFi universally easy to use, access, and build on".Its main way of doing this is its MetaMask self-custodial wallet, which lets 30 million monthly active users hold and manage digital tokens, and connect with 3700 Web3 applications - including NFT marketplaces, play-to-earn games, decentralised autonomous organisations, DeFi applications, and metaverse worlds.The $450 million raise will all be converted to ether to further build ConsenSys’ 'ultra sound money' position.The funds will be used to hire 600 more employees, support a major MetaMask redesign later in the year, and grow the ConsenSys NFT business.Joseph Lubin, CEO, ConsenSys, says: "I think of ConsenSys as a broad and deep capabilities machine for the decentralized protocols ecosystem, able to rapidly capitalize at scale on fundamental new constructs that emerge, such as developer tooling, wallets, security audits, DeFi, NFTs, Layer-2 scaling, DAOs, and more."

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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The Biden administration is lending a more cautious eye to private equity and other «alternative» investments like hedge funds.

Warren Buffett's Berkshire Hathaway bought a big stake in Activision Blizzard in the fourth quarter, just before Microsoft agreed to buy the gaming company in a deal valued at $69bn.

Warren Buffett's Berkshire Hathaway bought a big stake in Activision Blizzard in the fourth quarter, just before Microsoft agreed to buy the gaming company in a deal valued at $69bn.