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Hodler's Digest from May 7-13: Coinbase's Mistake, CBDCs Banned in Florida, and Ordinals in Controversy

Hodler’s Digest from May 7-13: Coinbase’s Mistake, CBDCs Banned in Florida, and Ordinals in Controversy

– Coinbase faced backlash from the Pepe memecoin community after describing the Pepe the Frog meme as a “hate symbol” co-opted by alt-right groups. The hashtag “#deletecoinbase” trended on Twitter, with over 14,000 comments calling for a boycott of the exchange. The chief legal officer of Coinbase, Paul Grewal, apologized for the email and said, “We screwed up and we are sorry.”

– Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state. The new law prohibits the use of a United States federal CBDC “as money within Florida’s Uniform Commercial Code (UCC).” It also bans the use of CBDCs issued by foreign governments and calls on other states to institute similar prohibitions.

– Milady (LADYS), a self-organized memecoin based on the anime avatar NFT collection of the same name, surged over 5,250% after Elon Musk tweeted a meme using the imagery of a Milady NFT. The coin’s developers said, “The coin is completely useless and for entertainment purposes only.”

Key points:

– Coinbase faced criticism from the Pepe memecoin community after describing the Pepe the Frog meme as a “hate symbol” co-opted by alt-right groups.

– Florida Governor Ron DeSantis signed a bill restricting the use of CBDCs in the state.

– Milady (LADYS) surged over 5,250% after Elon Musk tweeted a meme using the imagery of a Milady NFT.