In the FinoSafe Crypto News update on May 29, 2023, the top stories in finance and blockchain were highlighted. Bitcoin and Ethereum saw a rise in value as U.S. lawmakers worked to avoid a historic debt default. The concept of Web3 was discussed, with the idea that it could revolutionize content consumption but still needs traditional media. NBA legend Shaq was served with two crypto lawsuits on the same day. The potential success of social tokens was explored, with Stealcam betting on their popularity. The risks involved when DAOs self-execute were also mentioned. The segment concluded with a reminder to stay tuned for more updates on finance, investment, crypto, blockchain, and NFTs. Viewers were thanked for watching the video.