Graduating with a PhDebt… The Supreme Court heard arguments last week over the legality of President Biden's student loan forgiveness plan. His effort to scrap up to $20K in debt for qualified borrowers was put on hold last year after six GOP-led states challenged it in court. 43M Americans have federal student loans, and the average payment is nearly $400/month. SCOTUS’s decision is expected by late June. Payments have been on pause since March 2020, but are set to restart this year — and many Americans might not be financially prepared.
New club on the block… The biz behind the Bored Ape Yacht Club said it would launch a 300-piece NFT collection, dubbed TwelveFold, on the bitcoin blockchain yesterday — marking a significant departure for a company that's been all in on ethereum. The Yuga Labs project could further divide a crypto community already battling it out over NFTs on bitcoin. Critics argued that bitcoin NFTs (aka: ordinals) would drive up transaction fees, while enthusiasts said they'd bring miners revenue. Yuga Labs’ push into ordinals suggests bitcoin NFTs could be here to stay.