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Besides Ethereum, Bitcoins meme frenzy via Ordinals has steeply declined from its high in May. 649 Total views 3 Total shares Listen to article 0:00 News Join us on social networksThe average gas fee transaction fee on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.

The average gas fee has decreased to $7.34, an almost one-third drop from last months high of $20. In terms of gwei a denomination of Ether (ETH) that represents one-billionth of one ETH the daily median gas price has decreased to 24 gwei from a peak of almost 140 gwei last month, according to Dune Analytics.Average gas fees on Ethereum in the past six months. Source: Dune Analytics

The memecoin frenzy started in late April and took center stage in May, leading to multiple new memecoins hitting the markets, such as Aped (APED), Bobo Coin (BOBO) and others. The dominance of memecoins in network activity was so high that it created an unusual shift in the top 10 gas-burning altcoins. Instead of ETH, Wrapped Ether (WETH), or Tether (USDT), memecoins such as Troll (TROLL), APED and BOBO became the top 10 spenders.

?? A highly unusual shift in top 10 gas burning #altcoins has emerged today. Instead of $ETH, $WETH, and $USDT being at the top of the fee distribution list, we're seeing new assets like $TROLL, $APED, and $BOBO among them. Read our latest deep dive. https://t.co/7SlmJ59k2m pic.twitter.com/Y2kaLKZTrL— Santiment (@santimentfeed) April 19, 2023

Another prominent reason for the rise in the Ethereum gas fees was the surging popularity of memecoins on decentralized platforms, with mainstream centralized exchanges taking longer to list them.

May was not just about the Ethereum memecoin frenzy; Bitcoin Ordinals also gained significant popularity. Ordinals enable decentralized storage of digital art on the Bitcoin blockchain. As a result, the Bitcoin network registered many new memecoins, with Pepecoin (PEPE) achieving a billion-dollar market capitalization.

Related:Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals

Ordinals were introduced in January, and by the end of May, the number of Ordinal inscriptions on the Bitcoin blockchain had surpassed 10 million. Total fees paid for Ordinals inscriptions rose 700% in May to currently sit at 1,639 Bitcoin (BTC).Total Ordinals inscriptions on the Bitcoin network. Source: Dune Analytics

With the memecoin frenzy dying down, Ethereum gas fees have cooled, and Ordinals inscriptions have also decreased significantly.

Magazine: Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?# Bitcoin # Ethereum # Transactions # Fees # Bitcoin Ordinals # Memecoin

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Everything you need to know about Harvey Weinstein’s retrial – and why he still won’t be released from prison

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Everything you need to know about Harvey Weinstein's retrial – and why he still won't be released from prison

Seven years after allegations against him first emerged online, Harvey Weinstein is back in court.

When the accusations surfaced in late 2017, the American actress Alyssa Milano tweeted: “If all the women who have been sexually harassed or assaulted wrote ‘Me too’ as a status, we might give people a sense of the magnitude of the problem.”

This gave birth to what we now know as the #MeToo movement and a flood of women – famous and not – sharing stories of gender-based violence and harassment.

Weinstein was jailed in 2020 and has been held at New York’s notorious Rikers Island prison complex ever since.

Today, jury selection begins for the case against the 73-year-old, where the original charges of rape and sexual assault will be heard again.

Here we look at why there’s a retrial – and why he will likely remain behind bars – and what has happened to #MeToo.

Why is there a retrial?

Weinstein is back in court because his first two convictions were overturned last April and are now being retried.

In 2020 he was sentenced to 23 years in prison after being found guilty of sexually assaulting ex-production assistant Mimi Haley in 2006 and raping former actor Jessica Mann in 2013.

Miriam (Mimi) Haley arrives at court in New York in 2020. Pic: AP
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Miriam (Mimi) Haley arrives at court in New York in 2020. Pic: AP

Jessica Mann outside court in Manhattan in July 2024. Pic: AP
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Jessica Mann outside court in Manhattan in July 2024. Pic: AP

But in April 2024, New York’s highest court overturned both convictions due to concerns the judge had made improper rulings, including allowing a woman to testify who was not part of the case.

At a preliminary hearing in January this year, the former Hollywood mogul, who has cancer and heart issues, asked for an earlier date on account of his poor health, however, that was denied.

Film producer Harvey Weinstein arrives at New York Criminal Court for his sexual assault trial in the Manhattan borough of New York City, New York, U.S., February 5, 2020. REUTERS/Lucas Jackson
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Arriving at court for his original trial in New York in February 2020. Pic: Reuters

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When the retrial was decided upon last year, Judge Farber also ruled that a separate charge concerning a third woman should be added to the case.

In September 2024, the unnamed woman filed allegations that Weinstein forced oral sex on her at a hotel in Manhattan in 2006.

Defence lawyers tried to get the charge thrown out, claiming prosecutors were only trying to bolster their case, but Judge Farber decided to incorporate it into the current retrial.

Weinstein denies all the allegations against him and claims any sexual contact was consensual.

Why won’t he be released?

Even if the retrial ends in not guilty verdicts on all three counts, Weinstein will remain behind bars at Rikers Island.

This is because he was sentenced for a second time in February 2023 after being convicted of raping an actor in a Los Angeles hotel room in 2013.

Harvey Weinstein, who was extradited from New York to Los Angeles to face sex-related charges, listens in court during a pre-trial hearing, in Los Angeles, California, U.S., July 29, 2021. Etienne Laurent/Pool via REUTERS
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At a pre-trial hearing in Los Angeles in July 2021. Pic: Reuters

He was also found guilty of forcible oral copulation and sexual penetration by a foreign object in relation to the same woman, named only in court as Jane Doe 1.

The judge ruled that the 16-year sentence should be served after the 23-year one imposed in New York.

Weinstein’s lawyers are appealing this sentence – but for now, the 16 years behind bars still stand.

Has #MeToo made a difference – and what’s changed?

“MeToo was another way of women testifying about sexual violence and harassment,” Dr Jane Meyrick, associate professor in health psychology at the University of West England (UWE), tells Sky News.

“It exposed the frustration around reporting cases and showed the legal system was not built to give women justice – because they just gave up on it and started saying it online instead.

“That was hugely symbolic – because most societies are built around the silencing of sexual violence and harassment.”

Women on a #MeToo protest march in Los Angeles in November 2017. Pic: Reuters
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Women on a #MeToo protest march in Los Angeles in November 2017. Pic: Reuters

After #MeToo went viral in 2017, the statute of limitation on sexual assault cases was extended in several US states, giving victims more time to come forward, and there has been some reform of non-disclosure agreements (NDAs), which were regularly used by Weinstein.

This has resulted in more women speaking out and an increased awareness of gender-based violence, particularly among women, who are less inclined to tolerate any form of harassment, according to Professor Alison Phipps, a sociologist specialising in gender at Newcastle University.

“There’s been an increase in capacity to handle reports in some organisations and institutions – and we’ve seen a lot of high-profile men brought down,” she says.

“But the #MeToo movement has focused on individual men and individual cases – rather than the culture that allows the behaviour to continue.

“It’s been about naming and shaming and ‘getting rid’ of these bad men – by firing them from their jobs or creating new crimes to be able to send more of them to prison – not dealing with the problem at its root.”

Actress Alyssa Milano at the Emmy awards in September 2017. Pic: AP
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Actress Alyssa Milano tweeted about #MeToo when the Weinstein accusations surfaced. Pic: AP

Dr Meyrick, who wrote the book #MeToo For Women And Men: Understanding Power Through Sexual Harassment, gives the example of the workplace and the stereotype of “bumping the perp”, or perpetrator.

“HR departments are still not designed to protect workers – they’re built to suppress and make things go away.” As a result, she says, men are often “quietly moved on” with “no real accountability”.

The same is true in schools, Prof Phipps adds, where she believes concerns around the popularity among young boys of self-proclaimed misogynist and influencer Andrew Tate are being dealt with too “punitively”.

“The message is ‘we don’t talk about Andrew Tate here’ and ‘you shouldn’t be engaging with him’,” she says. “But what we should be doing is asking boys and young men: ‘why do you like him?’, ‘what’s going on here?’ – that deeper conversation is missing,” she says.

Weinstein in his heyday, pictured on a red carpet in 2015
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The former film producer on the red carpet in Los Angeles in 2015. Pic: AP

Have high-profile celebrity cases helped?

Both experts agree they will have inevitably empowered some women to come forward.

But they stress they are often “nothing like” most other cases of sexual violence or harassment, which makes drawing comparisons “dangerous”.

Referencing the Weinstein case in the US and Gisele Pelicot‘s in France, Dr Meyrick says: “They took multiple people over a very long period of time to reach any conviction – a lot of people’s experiences are nothing like that.”

Prof Phipps adds: “They can create an idea that it’s only ‘real’ rape if it’s committed by a serial sex offender – and not every person who perpetrates sexual harm is a serial offender.”

People take part in a gathering in support of 71-year-old Gisele Pelicot who was allegedly drugged by her ex-husband and raped by dozens of men while unconscious, Saturday, Sept. 14, 2024 in Paris. Placard reads, "support for Gisle Pelicot." (AP Photo/Michel Euler)
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A woman holds a ‘support Gisele Pelicot’ placard at a march in Paris during her husband’s rape case. Pic: AP

Gisele Pelicot. Pic: Reuters
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Gisele Pelicot outside court. Pic: Reuters

Part of her research has focused on ‘lad culture’ in the UK and associated sexual violence at universities.

She says: “A lot of that kind of violence happens in social spaces, where there are drugs and alcohol and young people thrown together who don’t know where the boundaries are.

“That doesn’t absolve them of any responsibility – but comparing those ‘lads’ to Harvey Weinstein seems inappropriate.”

Dr Meyrick says most victims she has spoken to through her research “wouldn’t go down the legal route” – and prosecution and conviction rates are still extremely low.

“Most don’t try for justice. They just want to be believed and heard – that’s what’s important and restorative,” she says.

But specialist services that can support victims in that way are underfunded – and not enough is being done to change attitudes through sex education and employment policy, she warns.

“Until we liberate men from the masculine roles they’re offered by society – where objectification of women is normalised as banter – they will remain healthy sons of the patriarchy.

“We need transformative, compassionate education for young men – and young women. That’s where the gap still is.”

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Skenes, Davis form 1st battery of MLB No. 1 picks

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Skenes, Davis form 1st battery of MLB No. 1 picks

PITTSBURGH — Paul Skenes bounced back from the worst start of his career and teamed up with catcher Henry Davis to make a little history as the Pittsburgh Pirates defeated the Washington Nationals 10-3 on Monday night.

Skenes and Davis became the first pitcher/catcher battery in major league history, comprising players selected No. 1 in the draft. Skenes (2-1), the top pick in 2023, gave up two runs, one earned, and struck out six in six innings as the Pirates ended a three-game losing streak.

Davis, selected No. 1 in 2021, singled after replacing injured starter Endy Rodriguez in the first inning. Rodriguez lacerated the index finger on his right hand after a Skenes pitch hit James Wood‘s foot and deflected toward Rodriguez.

It hasn’t been as smooth of a ride to the majors for Davis that it was for Skenes, but perhaps this is the year the 25-year-old, who had a standout career at Louisville, sticks with the big club. Just when it seemed he might have the inside track on the starting catcher job last season, the Pirates landed Joey Bart, who took over the club’s primary duties behind the plate.

“(Henry) can call a game,” Skenes said after the win. “He was prepared. It’s not a surprise. I’ve been with him for the better part of two years now. You want to see why he’s the type of player he is, you don’t have to look very far. For him to come into a tough situation, call the game and catch as well as he did says a lot about it.”

There might be a window now to gain additional starts at catcher. After the win, Pirates manager Derek Shelton told reporters that Rodriguez needed four stitches for a laceration on his right index finger, and that a trip to the injured list seemed likely.

“Just being ready to jump in, and know what (Skenes) wanted to do, and be on his page pretty quickly,” Davis said of his preparation for Monday’s moment, “that was the goal.”

The 22-year-old Skenes, who gave up a career-worst five runs in a loss to St. Louis last week, had little trouble with the Nationals. The reigning National League Rookie of the Year’s only real issue was with Pittsburgh’s defense, including his own. Skenes was tagged with a pair of errors for wayward pickoff attempts, the second of which led to an unearned run in the sixth.

By then, however, the Pirates were comfortably ahead, a rarity during an ugly opening two-plus weeks to the season filled with missteps.

Oneil Cruz had two hits and scored twice while batting leadoff. Enmanuel Valdez and Ke’Bryan Hayes both drove in three runs. Bryan Reynolds drove in a pair of runs. Andrew McCutchen added a hit and made a pretty sliding grab in right field, flinging his 38-year-old body to the PNC Park turf to rob Keibert Ruiz of a hit in the sixth.

Nasim Nunez had two of Washington’s five hits. Brad Lord (0-1) slogged through 4⅓ innings, giving up four runs, three earned, and six hits with three walks and a strikeout.

The Associated Press contributed to this report.

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Captain America: Judge to lead U.S. at ’26 WBC

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Captain America: Judge to lead U.S. at '26 WBC

New York Yankees slugger Aaron Judge has been named the captain of Team USA for the 2026 World Baseball Classic, Team USA manager Mark DeRosa said Monday.

Judge will be making his WBC debut. He did not play in the WBC in 2023 when Team USA, also managed by DeRosa, lost to Japan in the title game. Angels star Mike Trout served as captain of that team.

“Just getting a chance to represent this country, what this country means to me,” Judge told MLB Network. “Honestly, every game, during the national anthem [and] ‘God Bless America,’ getting a chance to sit out there, for me it’s a time to reflect about all the brave men and women that have fought for this country and given me the opportunity to step on a baseball field and play a game that I love.

“Now, getting a chance to have ‘USA’ across my chest and represent all the great people in our country and represent what this country means, it’s a great opportunity. I never had this opportunity before, even growing up as a kid, so I’m definitely looking forward to it.”

Judge, who turns 33 on April 26, is the first player to be named to the team.

“I got an opportunity before I get too old and Mark doesn’t want me anymore,” Judge said at Yankee Stadium later Monday.

The reigning American League MVP — his second — is off to another hot start in 2025, hitting .357 with six home runs and 20 RBIs through his first 15 games. The six-time All-Star and three-time AL home run leader has 321 home runs and 736 RBIs with a career batting average of .289 since entering the majors in 2016.

Judge, who said he declined to play in the 2023 tournament after having just gone through free agency and being named Yankees captain, said he did not give the Yankees advance notice of his selection this time around.

“I felt like first my responsibility [in 2023] was to the Yankees,” Judge said. “I wanted to be a big part of getting the Yankees back where they need to be, so I felt I couldn’t miss that first spring training.”

Said Yankees manager Aaron Boone: “I think it’s the perfect face to be captain of Team USA.”

DeRosa said he told Trout about his decision to go with Judge as captain on Sunday.

“I reached out to Trout yesterday, told him where we were going,” DeRosa said. “He said, `He’s the one.'”

Teams have been more reticent to allow starting pitchers to participate in the preseason tournament.

“From a position-player standpoint I could probably fill out five lineups with guys that want to do it,” DeRosa said. “It’ll be the pitching that we have to lock down.”

Former Yankees star Andy Pettitte will be serving as pitching coach on DeRosa ‘s staff.

The World Baseball Classic will run from March 5 to March 17, 2026. Games will take place in Houston, Miami, Tokyo and San Juan, Puerto Rico, with the semifinals and championship game in Miami.

The U.S. will be with Britain, Brazil, Italy and Mexico in Group B of the first round at Houston’s Minute Maid Park from March 6-11.

“Something happens when you put U-S-A across your chest and you walk into the dugout and you see all those games,” DeRosa said. “You’re playing for way more than yourself. You’re playing for your great-grandfather. You’re planning for your grandparents, your parents, what they represent, your morals, your values, everything.”

Team USA last won the World Baseball Classic in 2017.

The Associated Press and Field Level Media contributed to this report.

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