Ok, I’ll take the bait: Venice just opened. How much of that work is running on ETH + NFT rails? Right around zilch. The Whitney Biennial? Also zilch. Alex Feim does a great substack listing all the gallery shows in NYC. How much of the work in those shows is on those rails? Right around zilch. We could keep going with current museum shows, the big auction houses, fairs etc. Maybe it gets a little above zilch, but not by much. Eli writes in the future tense (“will run”) so we can’t say it’s impossible, and I get that CT is the hopium echo chamber but come on….

On May 7th Coinbase experienced service disruptions. Here’s a quick summary of what happened: → Around 8PM ET, Coinbase systems flagged high error rates across multiple services. → We traced these errors to amazon failures in Availability Zone (use1-az4) in the AWS US-EAST-1 Region. → Coinbase systems are designed to be resilient to a single zone outage, and are designed to recover quickly if this happens. → In this case, we observed failures impacting multiple AWS zones, which caused an extended outage of core trading services. → Coinbase users experienced an extended outage while the AWS team worked to restore temperature controls and other Amazon Managed Services. This primary issue is now fully resolved - thank you for your patience. If you have any outstanding questions about your account, please reach out to Coinbase Support, we’re ready to help. Our team will conduct a full analysis. Details may change as our investigation progresses and more information is received from AWS’s official retrospective, once published.

JUST IN: 🇺🇸 Senate Banking Committee schedules crypto Clarity Act vote for May 14 at 10:30 AM EST.