Select observations of the day:
Bitcoin sets a new record 9 down weeks down in a row
Total value locked in Tron rises to ~ $6B, nearing November ATH, market cap of algorithmic stablecoin USDD grows above $600M - source
Nansen Research refutes the popular narrative of one “attacker” or “hacker” working to destabilize UST: The depeg of UST resulted from the investment decisions of several well-funded entities, e.g., to abide by risk management constraints or alternative to reduce UST allocations - source
MoneyGram, one of the largest money-transfer services in the US, to launch a service in partnership with the Stellar blockchain that would allow users to send stablecoins and easily convert them to fiat - source
Divergence between Equities and Crypto. S&P and NASDAQ have traded about 10% higher since May 20 lows while both BTC and ETH have traded lower in the same period - source
The US Military is building its own metaverse - augmented and virtual reality, head mounted displays, 3D simulations and virtual environments built by artificial intelligence- source
Plus more. Another fresh week. Let’s see what this crazy space has in store for us next
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Chain News:
Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022 - source
Nansen Research refutes the popular narrative of one “attacker” or “hacker” working to destabilize UST: The depeg of UST resulted from the investment decisions of several well-funded entities, e.g., to abide by risk management constraints or alternative to reduce UST allocations deposited into Anchor - source
Velodrome, an AMM designed as the central trading and liquidity marketplace on Optimism, launches May 31st. Next evolution of the solidly exchange model introduced by Andew Cronje - source
Major exchanges that have supported Terra 2.0 listings & airdrop activity: Binance, Huobi Global, FTX, OKX, Bitfinex, Kraken, Crypto.cоm, Gate.iо, OKX, KuCoin, MEXC Global, and others - source
10.72% of Eth currently in circulation has been staked in ETH2. Number of staking ETH 2.0 deposit contract addresses has reached 12,711,363. - source
Bitcoin sets a new record 9 weekly down candles. BTC price down 22% in May - source
Total value locked in Tron rises to $6B, nearing November ATH, market cap of the USDD algorithmic stablecoin expands above $600M - source
MoneyGram, one of the largest money-transfer services in the US, to launch a service in partnership with the Stellar blockchain that would allow users to send stablecoins and easily convert them to fiat - source
Aura Finance launch partnership with Redacted Cartel. Redacted will build a Hidden Hand market to allow proxy bribing of Balancer gauges. vlAURA holders will also be able to collateralize their positions through Pirex - source
BlockFi crypto lending platform has slashed interest rates by half for Solana, Avalanche, Polygon - source
Bancor 3 update thread - source
RTFKT, Nike’s Web3 arm, now owns 10 Ethereum Name Service (ENS) domains following the purchase of dotswoosh.eth for 19.72 ETH, roughly $35,000 - source
ApeCoin proposal: Immutable X to be ApeCoin DAO’s Trusted Layer 2 Scaling Partner - source
Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH - source
Partisia is a Layer 1 network claiming to solve the Blockchain Trilemma with ZK privacy, sharding for scalability, and an MPC collateralized bridge. Recently announced a partnership with layer-2 solution Polygon - source
dYdX affiliate program. Those who use affiliate links to onboard new users will receive ongoing payments while new traders onboarded will earn a discount of 5% on trading fees - source
Astar Network (ASTR) announces the launch of the Astar DOT Festival on May 29th - source
Listen will be onboarded as Kusama's 35th parachain - source
Composable Finance and Picasso will integrate aUSD as the default stablecoin - source
Recent Cosmos News - source
Mars’ first outpost of the Red Bank is planned to launch on Osmosis - source
SpaceX, Elon Musk’s space exploration company, will soon accept Dogecoin as payment for merchandise, alongside Tesla - source
Primex Finance launching its alpha. The protocol enables advanced fully-decentralized trader tooling for digital asset trading using community-provided liquidity provided by lenders - source
Shiba Inu’s anonymous founder Ryoshi seems to have deleted the Twitter account’s entire activity and Medium posts - many speculate that the move is in preparation for a larger reveal - source
Metaverse News:
Solice (SLC) has announced the launch of its NFT asset staking portal. Allows NFT holders to stake official Solice NFTs for a period of time in return for $SLC rewards. Base APY is always the same for each type of NFT at 40% - source
First known instance of the smaller Solana market overtaking Ethereum in terms of dollar amount generated via NFT sales during a 24-hour span - source
PalmNFT - Buy and sell DC Comics Fan Access Tokens through the upcoming DC NFT Marketplace beta launch on May 31 - source
The US Military is building its own metaverse - augmented and virtual reality, head mounted displays, 3D simulations and virtual environments built by artificial intelligence- source
Aurory first PvP version is now live in closed alpha - source
Qatar Hosts Middle East’s First Metaverse FIFA Gaming Tournament. All viewers will receive free NFTs from Ooredoo Nation, which they can exchange for merchandise, use to meet the players and various influencers, or keep for investment purposes - source
Prada will be launching 100 Ethereum NFTs this Thursday to go along with its latest Timecapsule apparel release - source
News:
Divergence between Equities and Crypto. S&P and NASDAQ have traded about 10% higher since 20 May lows while both BTC and ETH have traded lower in the same period - source
U.S. Fed to reduce its balance sheet starting from June (selling pressure) - source
Binance is now a fully regulated Virtual Asset Service Provider in Italy - source
Russian officials say cryptocurrency mining accounts for more than 2 percent of Russia’s total electricity consumption, surpassing that of agriculture. Russia's Bitcoin hashrate ranks fifth, behind the US, China, Kazakhstan, Canada - source
Vitalik Buterin donates $4M in USDC to Uni of NSW for pandemic detection tool that utilizes artificial intelligence and open-source data - source
Raises:
Animoca Brands has raised $88.8M in a funding round at a $1B valuation - source
B2B buy now pay later player Mondu raises $43M - source
Crypto Payments Firm Merge Raises $9.5M From Coinbase Ventures, Alameda Research and Others to bridge the gap between crypto and traditional finance companies with its API payments integration - source
New Listings:
Binance Futures Will Launch BUSD-Margined 1000LUNC Perpetual Contracts with Up to 20X Leverage - source
Itheum (ITHEUM) will be listed on MEXC Global on May 31st - source
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