So I took last week off and it was beautiful. No notifications, no charts, no socials, no constantly checking to make sure I’m up to date with everything. Just irl things. Such a welcome mental cleanse. I love the chaos of this space but I’m not a fan of the annoying constant grip all this can have on your mind. Gentle reminder to step away sometimes and to take care of yourselves. Anyhoo, I’m too curious and hungry to stay away for long. Back to paying attention and attempting to discern what the next chapter of the story of crypto will be all about. Bearish market conditions continue, charts didn’t do much in the past week and the most interesting things that seemed to have happened is everyone got punk’d by fake costco raising their hotdog prices news, Terra people and projects are trying to move on, CT dickrode some pharma dude named Shkreli who just got of jail and Milady price floor got rekt from some dramarama. Ultimately no one knows what will happen next but I’ll be here in one form or another for the good and bad of it, no matter how drawn out it may be :p
- 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:
Milady dramarama: megathread on milady and their founders - source
Do Kwon shares LUNA burn address but warns against using it. Every LUNA token sent to this address will be burned immediately, effectively reducing the circulating supply of LUNA tokens - source
The Bitcoin market has now traded lower for eight consecutive weeks, which is now the longest continuous string of red weekly candles in history - source
Digital asset investment products saw outflows totalling $141m last week. Total assets under management (AuM) are now at US$38bn, their lowest point since July 2021 - source
Do Kwon/Jump Crypto/SBF rumors/accusations dramarama - source
GameStop unveils beta Ethereum crypto and NFT Wallet - source
Terra Name Service is migrating .ust domain to Terra 2.0. Listed domains on the secondary market need to manually de-list and transfer their domains back to their Terra wallet - source
CoinDesk is launching its social token, DESK, an integral part of the experience at Consensus 2022. To avoid congestion on Ethereum, the revamped DESK runs on Polygon - source
CZ: If Binance Goes Bankrupt, Users Would Be Refunded First Before Shareholders - source
Near Protocol onboards Tracer following Terra’s downfall. Among several protocols looking to migrate ecosystems - source
Record breaking month for ENS domain name registrations as revenue tops $8 million - source
OriginTrail wins the 17th Polkadot parachain auction - source
Polkadex integrates Acala's aUSD as the default stablecoin - source
Polkadot Ecosystem Weekly Digest. May 16–22 2022 - source
China’s state-backed blockchain company, BSN, is set to launch its first major international project - source
Stader Labs users who have unclaimed SD tokens on Terra: snapshot at 5:00 am UTC on 26th of May - then will HALT all claims of SD tokens and migrate SD tokens to ETH - source
retroMIGRATION: Retrograde was the leading “Convex” protocol on Astroport. Following the collapse of UST, the team has determined that a new direction is required on a new chain - source
Solanium Swap is now - source
Soteria, making securing Solana projects as easy as possible, rebranded to Sec3, which means "Secure web3" - source
Speculation that Andre Cronje is returning to Fantom - source
Abandoned ICO-Funded Project Sparkster Converts $22M in Eth to USDC After 3 Years with No Product or communication - source
The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea's largest crypto exchanges to issue investment warnings - source
Introducing: MetaPortal DAO - A research DAO focused on governance and token value accrual design for crypto games - source
Metaverse News:
OpenSea has introduced Seaport Protocol, a web3 marketplace protocol for buying and selling NFTs - source
EBay is getting into NFTs with an assist from hockey legend Wayne Gretzky. Launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf - source
OthersideMeta: BAYC/MAYC Holders Claim End - source
Moonbirds dropped Moonbirds Oddities NFT airdrop - source
In the third season of Netflix's "LOVE, DEATH+Robots", a QR code that can be Mint an NFT will appear randomly. 9 NFTs in this series - source
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account - source
A bill has been proposed in Russia that aims to introduce NFTs into the Civil Code of the Russian Federation to supposedly protect the rights of Russian NFT Owners - source
Scammer steals Apes worth $500,000 by photoshopping checkmark on to JPEG - source
Genomics company explores NFTs in hopes of advancing precision medicine - source
News:
French luxury brand Balenciaga said it will accept cryptocurrency payments such as Bitcoin and Ethereum in the United States following Gucci and TAG Heuer - source
Crypto Valley Venture Capital, which also calls itself CV VC, is launching an Africa-focused fund to support blockchain startups on the continent - source
Raises:
BUD metaverse app has announced the closure of its $37M Series B funding round led by Sequoia Capital India - source
Protego Trust Bank targets $2 billion valuation after quietly raising $70 million - source
New Listings:
Pikaster (MLS) will be listed on KuCoin exchange on May 23rd - source
AFKDAO (AFK) Gets Listed on KuCoin on May 24th - source
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Muy merecido, pero avisa la próxima vez. jajaja