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**Cryptocurrency News:**
• The New York State Senate passed a bill targeting proof-of-work mining in an effort to address some of the environmental concerns seen around cryptocurrencies. The bill would impose a two-year moratorium on any new PoW mining projects powered by carbon-based fuel in the Empire State, though existing mining firms or ones currently undergoing the permit renewal process would be allowed to continue operations.
• Warner Bros. announced it was collaborating with the NFT focused social media platform Nifty’s and at the end of June, the two firms will launch a story-driven NFT collection called “Looney Tunes: What’s Up Block?”
• The Worldwide Asset eXchange (WAX), a blockchain for NFTs, videogames, and collectibles, announced on Thursday that it has raised $10 million in funding from OKX Blockdream Ventures, the investment arm of cryptocurrency exchange OKX.
• Alchemy, the Ethereum-based node infrastructure provider announced it is expanding to the Solana blockchain.
• Japan’s parliament introduced a legal framework for stablecoins guaranteeing that they are linked to the yen or another fiat currency and that holders have the right to redeem them at face value.
• Bitcoin mining startup Bitzero, whose backers include entrepreneur and „Shark Tank“ star Kevin O’Leary, has chosen North Dakota as the headquarters and hub for its North American operations.

** CoinMarketCap Top 10 Trending Cryptos:**
1. LUNC
2. GMT
3. GST
4. TABOO
5. OP
6. ADA
7. SOL
8. BTC
9. CAKE
10. USTC

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