Select observations of the day:
Maiar Exchange, a DEX native to Elrond, has been temporarily taken offline after an attacker exploited and stole roughly $113M worth of EGLD - source
Celsius lost at least 35,000 Eth in the Stakehound key loss debacle back in May 2021. A loss of at least $71M that was never reported to customers - source
The Illuvium Land Sale sold 19,969 land plots for more than $72M - source
Plus more. There’s noise going around about someone who claims to have a ton of leaked telegram chats and wants to expose people. Seems fake - be cautious. Also leaked US regulatory docs. Gonna wait for official confirmation - source
- 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:
Redacted Cartel extending hidden hand deployment of Ribbon Finance into boost delegation, users can now accept bribes for different delegates seeking veRBN boosts - source
Merit Circle has introduced Sphere, a marketplace for gaming assets - source
Crypto.com's Cronos launches $100M accelerator for DeFi and Web3 - source
The Iota Foundation joined Dell along with ClimateCHECK and BioE to fight climate change using real-time carbon footprint data - source
BNPL Pay (BNPL) has announced its roll-out on mainnet with 5 active nodes - source
Kabocha Network won the 38th Kusama parachain auction with 12644 KSM - source
Imbue Network Crowdloan is now live and partnered with Bifrost to help their Crowdloan participants access liquid derivatives of staked KSM - source
Atlendis, the capital-efficient DeFi protocol that enables crypto loans without collateral, announced the launch of the Atlendis protocol V1 on Polygon mainnet - source
Launch of Porter Finance with the Ribbon DAO bond issuance live on Ethereum Mainnet, the first ever on-chain convertible debt issued by a DAO - source
Orion Money project is deeply connected to UST and Anchor Protocol and will have to gradually sunset the Orion Money project in the coming months - source
Frontier has integrated Fantom, bringing their non-custodial DeFi wallet to Fantom, making it easier than ever to track, send, and store native crypto assets - source
Metaverse News:
Epic Games Store Welcomes Its First NFT Game- Gala’s Wild West Shooter GRIT - source
MG Motors has announced the launch of its own metaverse platform, MGVerse - source
The world premiere of The Degen Trilogy drops later this month at NFT.NYC. Meet the star-studded cast of Apes making their way to the big screen - source
Samsung US launches Discord server to support Web3 plans, NFT distributions - source
Matthew Ball, Multicoin Capital, and Bitwise Asset Management have partnered to create a metaverse crypto asset index and associated fund - source
News:
The U.S. SEC are investigating if the 2017 initial BNB offering amounted to the sale of a security - source
Checkout.com will offer merchants instant fiat-to-stablecoin conversion (USDC) for customer payments by using Fireblocks’ crypto payment tech - source
Crypto IRA Provider Sues Gemini Over Alleged Role In $36M Theft - source
Raises:
Crypto lender BlockFi is set to close a funding round at a lower valuation than its previous raises. The round will value the firm at $1B vs a previous $3B last March - source
Indonesian crypto exchange Pintu has announced the closure of its $113M Series B funding round - source
DeFi lending protocol Euler has raised $32M in a funding round led by Haun Ventures - source
Calaxy, a decentralized application (dApp), has secured $26M in a strategic funding round led by HBAR Foundation and Animoca Brands - source
Spencer Dinwiddie, an NBA star has raised $26M for social token startup - source
MachineFi Lab Raises $10M to Incentivize IoT Data Collection for Web 3 - source
Cryptio Raises $10M to Make Crypto Accounting Easier - source
Canadian Crypto Trading Platform VirgoCX Raises $8M - source
Navigate has raised $7.6M in seed funding from Alan Howard, Kraken Ventures - source
Lightning Network Startup Mash Raises $6M Seed Round - source
Crypto payments infrastructure startup Fung has raised $2.7M in a pre-seed funding round - source
New Listings:
BitDAO (BIT) & Coin98 (C98) will be listed on Coinbase & Coinbase Pro on June 7th - source
Binance Adds ANC, MBL, OP on Cross Margin and AKRO, ANC, EPX, LUNA, LUNC, MBL, OP on Isolated Margin - source
Newly listed GAL-PERP on FTX
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