Observations:
Celsius Network liquidity crisis the talk of the town. Paused all withdrawals, swap, and transfers between accounts and they began moving more than a quarter of a billion dollars from Aave to FTX exchange. In beautiful irony, CEO Alex Mashinsky, challenged critics over the weekend to find "even one person who has difficulty withdrawing.” Nexo offering to buy certain assets from Celsius, in particular its collateralized loan portfolio - source -2nd -3rd
Ethereum devs have opted to postpone the difficulty bomb for 2 months, possible delay. Designed to make mining profitability plummet in order to disincentivize miners ahead of the Merge - source
Binance won’t support deposits and withdrawals of Litecoin that utilize the MimbleWimble Extension Blocks (MWEB) function because it allows sending confidential LTC transactions. KYC requirements likely to continue to trend this way - source
Class Action Lawsuit filed against Binance US over sale of Luna and UST, accused of misleading investors over Terra - source
DeFi TVL Change: Continues falling off a fucking cliff
Plus more. Bitcoin and Eth fell to their lowest levels in over 18 months. Bitcoin down to ~ 23.4k and Eth 1100. Crypto market cap falls below $1T. Anti crypto people and regulators have lots of ammo right now. Wild times.
- 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 -
Crypto:
Abra has introduced the first crypto rewards card on the American Express network. Will transact in US dollars and offer crypto rewards back on purchases - source
Stablecoins $USDD & $USDN have lost their peg amid bloody markets. Tron DAO Reserve buys $50M of Bitcoin and TRX to add to USDD reserves to guard against shorts - source
Crypto.com joins other crypto exchanges Gemini, Coinbase, Bitso and Buenbit in laying off 260 people, or 5% of its corporate workforce to prepare for crypto winter - source
Helium will launch new MOBILE and IOT tokens as it expands its crypto-powered wireless network. May also expand to include additional decentralized protocols - source
Osmosis validators plan to restart the chain with a new thoroughly tested version. On June 8th, the chain stopped for emergency maintenance, after $5M exploit - source
NEAR Protocol becomes the first non-EVM chain with MetaMask compatibility - source
NEAR Foundation and Brave announce partnership to integrate Aurora into Brave Wallet - source
Coinversation wins 19th parachain slot on Polkadot - source
Velodrome: June 9, a whitehat community member identified a vulnerability that allowed them to infinitely claim external bribe rewards (i.e. bribes). They have returned the funds withdrawn in full and are cooperating with team - source
China allegedly made a breakthrough in protecting blockchains from quantum attacks - source
Gym Network recently introduced feature led to a loss of $2.1M from the project just a month after completing two audits. Team has already fixed the issue and plans to recover losses - source
Paribus (PBX) has announced the launch of its Paribus MVP testnet program on June 16th. Paribus is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain - source
NFTs/Metaverse:
Fractal, a Solana-based NFT gaming marketplace, has added the ability to create a wallet using a Google account to make it easier for players to enter the NFT gaming space - source
Raises:
Huobi launches a $1B investment arm, Ivy Blocks, focused on DeFi & Web3 projects - source
True Global Ventures joins $42.5M funding round of French crypto company Coinhouse - source
Decentralized science platform Molecule raises $13M in seed funding - source
Atmos Labs has raised $11 million to build a “play and earn” metaverse - source
Unlocks:
24H Gainers:
24H Losers:
New Listings:
AVAX now available on OKCoin Japan. Users will soon have access to AVAX/JPY markets - source
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