It’s our first news roundup in June, and it looks like this month will be packed with gist for sure 😂. From Ethereum’s coming merge to the latest crypto beef, we’ve got all the tea for you. 

Trouble In Meta(verse)? 🙈

Meta, the parent company of Facebook, has been in the news constantly. Last week, Sheryl Sandberg, one of the company’s biggest executives, surprisingly stepped down from her role. 

Sheryl is Meta’s Chief Operating Officer (COO). She’s the #2 person at the company, behind only Mark Zuckerberg. While we don’t know why she’s leaving, we can’t help but ask – what do you think? 🤔

Battle Of The Meme Lords ⚔️

Last week also saw some interesting beef in the crypto space. Elon Musk, the world’s richest man and top Dogecoin fan, got into a bit of a spat with Dogecoin’s creator Jackson Palmer. 

The beef originated because Palmer claimed that he had a tool that could help to reduce the number of spam bots on Twitter. But, Musk defended himself, saying he contacted Palmer but didn’t get anything from him. Now, the Dogefather and DOGE creator are throwing shade at each other on Twitter’s streets. Talk about messy drama.

The Merge Is Coming 🚀

If you’ve been among Ethereum fans, you’ll know everyone’s talking about the merge right now. Last week, the blockchain took another huge step towards proof-of-stake (PoS) with the launch of the Ropsten testnet. 

Basically, this launch will give Ethereum developers a sneak peek into how the blockchain will work when it moves to PoS. Looks like our baby Ethereum is finally growing up! 🥺

New York Boots Miners Out 🗽

Last Thursday, the New York Senate passed a bill that would stop anyone from setting up a Bitcoin mining operation in the state 😩. If the bill is signed by the Governor, then New York would be the first state with such a law. 

The reason for the ban is Bitcoin’s huge energy consumption. Now, anyone who wants to mine Bitcoin in New York will need to show that they use only renewable energy. Ouch. 

Chasing That Metaverse Bag 💰

Last week, South Korea’s government announced that it would invest over $150 million in the metaverse 👏. The government is looking to invest in products that will allow citizens to easily access the metaverse and other government services in the virtual world. 

We thought only private companies were running into the metaverse or building the future. Apparently, even governments are interested too!