Select observations of the day:
Bitcoin’s weekly downstreak has ended. No 10th weekly red candle and we’re seeing a bit of a respite in the market
TRON USDD stablecoin has tweaked its model after the collapse of Terra. It plans to make USDD a hybrid stablecoin running on both an algorithm and a reserve-backed model - source - 2nd
Malicious actor stole 200 ETH worth of Bored Ape NFTs after the Discord server was compromised for the 3rd time in 2 months - source
Cybersecurity company Octagon Networks converts its entire balance sheet into Bitcoin. Will also start accepting Bitcoin payments for all services, with a 50% discount when paid in Bitcoin - source
Animoca Brands’ investment portfolio now worth over $1.5B - source
Plus more. Fresh week, fresh opportunities. Let’s see what this week holds. CPI data getting released on June 10th and FOMC on June 15th to look forward to
- 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:
The market value of USDT has fallen by 12.7% in the past 30d, and USDC has increased by 10.9% - source
Chainlink launches price feeds on Solana to provide data to DeFi developers - source
Stepn was hit with a number of DDoS attacks this weekend, third attack in three months - source
ChainHop launched on Optimism supporting converting any token on 9 different chains to $ETH and others on Optimism with a single click, fast speed + low cost - source
The Polygon team released a redesigned version of its NFT Minter that lets anyone create NFTs with custom utilities and pay zero gas fees doing it - source
Injective integrates Polkadot assets to expand the cross-chain universe via collaborations with Moonbeam and Axelar - source
Litentry has completed its parachain launch and now running on Polkadot - source
Polkadot Ecosystem Weekly Digest. May 29 — June 5/2022 - source
MetaBrewSociety to offer voting rights over a brewery via NFTs and DAO - source
Introducing Liquid Splits - represented by NFTs, allowing ownership to change as NFTs change hands instead of recipients being hard-coded to specific addresses - source
NFTs/Metaverse News:
Bored & Hungry, the first eatery inspired by a Bored Ape Yacht Club NFT, opened in Los Angeles this spring. Now the team behind that eatery and Snoop Dogg plan to open a new “immersive retail dessert experience” - source
Animoca Brands has acquired Notre Game, a game development and publishing company known for Scratch Wars, the new hybrid physical-digital collectible card mobile game - source
Warner Bros. and Nifty’s will launch a story-driven NFT collection called “Looney Tunes: What’s Up Block?” - source
News:
A Reuters investigation claims that for 5 years, Binance served as a conduit for the laundering of at least $2.35B in illicit funds - source
Raises:
Binance Labs, the venture capital and incubation arm of Binance, made an investment in PancakeSwap’s utility and governance token, $CAKE - source
New Listings:
Binance Futures Will Launch DOTBUSD, TLMBUSD and ICPBUSD BUSD-Margined Perpetual Contracts with Up to 20X Leverage - source
Dotmoovs (MOOV) Gets Listed on KuCoin on June 7th - source
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