Select observations of the day:
Justin Tron’s decentralized algorithmic stablecoin $USDD is live today, launched by TRON DAO, embarking on the Stablecoin 3.0 era on TRON. Critics say it mostly looks like a carbon copy of the Terra’s $UST - source
Lido Finance ($19.52 billion) surpassed Curve ($19.3 billion) to become the DeFi protocol with the highest TVL - source
The Bitcoin hash rate hit another ATH and the 105,000th block since the last halving was mined, marking the halfway to the next halving - source
Cronos DeFi Project MM.Finance was the subject of a DNS attack where an attacker managed to inject a malicious contract address into the frontend code and steal $2M. Attacker used a DNS vulnerability to modify the router contract address in hosted files - source - 2nd
The public Testnet version of Djed is now released. Djed is a decentralized, algorithmic stablecoin that is built on Cardano - source
Binance participated in Elon Musk’s acquisition of Twitter, providing $500M in funding, according to SEC filings. Sequoia Capital committed $800M, Fidelity $316M. Around $7.1B has been committed by 19 different parties - source
U.S. rate futures pricing in 75% chance of 75 BPS FED hike in June. Fedwatch sees 83% probability - source
Fan token platform Socios nets deal with Major League Soccer (MLS) and nearly all of the teams in the league. Currently has launched 50 fan tokens on its Chiliz Chain - source
Chainlink is set to power a tokenized real estate platform serving the Latin American property market. LaProp will allow investors to buy tokenized shares in various real-world properties, which will yield a percentage of income from rental payments - source
France’s financial authority approves Binance's registration as digital asset service provider. Binance said it would significantly scale its operations in France following the registration approval - source
Gucci to accept more than 10 cryptos in leap for luxury industry. The first Gucci stores to take crypto are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta and The Shops at Crystals in Las Vegas. - source
LFG has acquired an additional 37,863 Bitcoin - source
BitMEX co-founder and former CEO Arthur Hayes asks court for a non-jail sentence and permission to travel and live abroad - source
Plus more, as always. ¡Feliz Cinco de Mayo! At least we got that going for us. Sssh, is oke. The charts can’t hurt you
- 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:
Justin Tron’s decentralized algorithmic stablecoin USDD (Decentralized USD) is live today, launched by TRON DAO, embarking on the Stablecoin 3.0 era on TRON - Official Guide on USDD Mining. Critics say it mostly looks like a carbon copy of the Terra’s UST - source
IOST Sets to Launch a Decentralized Algorithmic Stablecoin - source
The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving - source
Juno’s DAO Votes To Confiscate $35M in Tokens From Whale in Messy Dispute. Proposal 20 is expected to take effect on May 4 with over 3 million JUNO tokens transferred to a community controlled wallet - source
Aurigami Partners with Rift to Launch $PLY using Rift’s liquidity infrastructure. This partnership allows Aurigami to support their community by ensuring liquidity for $PLY at token genesis - source
The public Testnet version of Djed is now released. Djed is a decentralized, algorithmic stablecoin that is built on Cardano - source
LFG has acquired an additional 37,863 Bitcoin - source
Coinbase announced that their NFT market will be open to everyone after testing the beta version with a select group of users in April. Performance has been subpar compared to OpenSea - source
Blockspace is the most important commodity of the next era. Alkimiya is a permissionless protocol that makes the economics of the blockspace accessible to the broader DeFi universe - source
Yuga Labs refunded gas fees to everyone who made a transaction that failed due to network conditions caused by the mint - source
Solana Pay Adds Customized Transaction Requests for Merchants. Pay previously allowed only one-way transfers of Solana-supported assets between users - source
Filecoin Foundation and MuckRock Seek to Integrate Decentralized Document Storage. Verified users will be able to simultaneously publish vetted documents to both DocumentCloud and Filecoin/IPFS - source
Lido Finance ($19.52 billion) surpassed Curve ($19.3 billion) to become the DeFi protocol with the highest TVL. - source
With 422% TVL growth, Polaris Finance is a star among the top 10 algo-stable projects by TVL% growth in the last 30 days - source
THOR Staking 2.0 has launched. Stake $THOR to receive $vTHOR, a composable, auto-compounding, gas-efficient representation of your staking position. Earn Community Incentives + 75% of all THORSwap revenues - source
$USN is now listed on Burrow. Burrow is now the first and only place on NEAR where you can deposit & burrow $USN - source
Aptos Incentivized Testnet Update - updates around eligibility requirements, selection process, expected participation slots, success criteria and rewards - source
Opera browser enables direct access to BNB Chain-based DApp ecosystem - source
The mining hashrate of Litecoin has reached a new all-time-high of 500+ TH per second - source
Maple Finance upcoming changes to tokenomics: By staking MPL into a Maple owned smart contract, stakers receive xMPL. In simple terms, Maple’s protocol revenues accrue to xMPL, and as a result the amount of MPL increases - source
PaymentBypass21 / Michelangelo / desanta.eth wallet is directly connected with the wallet that scammed 200+ ETH from a fake PXN collection - source
Chainlink is set to power a tokenized real estate platform serving the Latin American property market. LaProp will allow investors to buy tokenized shares in various real-world properties, which will yield a percentage of income from rental payments - source
Multichain protocol Multichain announced that it will launch the veMULTI mainnet and open staking on May 9. Multichain was formerly known as Anyswap - source
Binance Labs Launches Season 4 of its Incubation Program w/ 14 Early Stage Start-ups - source
Morningstar Ventures has announced the launch of Coin.fyi v2.0, a lightweight portfolio tracker - source
Launch of Zapper Studio, which makes web3 app integrations repo public, allowing anyone to write and submit an integration for Zapper - source
Outlier Ventures and Terraform Labs launch the Terra Base Camp to supercharge start-ups - source
Aza Groups, an advisory and investment firm, Partners With Yellow Network, a blockchain product and infrastructure company, to enhance the acceptance of crypto - source
Kinesis Labs, the premier stableswap on Evmos, has officially launched on Evmos mainnet - source
Introducing Loop Power: a simple yet powerful way for users to determine the future of Loop by exercising voting power on how monthly LOOP rewards will be distributed to different farms and POL NFTs (Protocol Owned Liquidity NFTs) - source
Polygon-based DeFi ecosystem, Gains Network adds leverage trading for US-listed stock prices - source
Zapa: A Better Privacy Cryptocurrency - the only privacy cryptocurrency that operates on Proof of Stake and offers Transaction Finality - source
NFTrade (NFTD) has announced a partnership with Polygon Studios - source
Cronos DeFi Project MM.Finance was the subject of a DNS attack where an attacker managed to inject a malicious contract address into the frontend code and steal $2M. Attacker used a DNS vulnerability to modify the router contract address in hosted files - Post Mortem & Compensation - source - 2nd
Aave News: Open Roles at Aave Grants, HackMoney, & Stani is Back - source
Crypto.com App Launches the Target Price Orders Feature in Australia - source
Forward Protocol x BlockWallet Partnership — Upholding Safety and Privacy Standards in the Blockchain - source
Shitcoin Case Study: Hodo Inu - source
Metaverse News:
Introducing the Blur Beta: experience the first real-time trading platform for NFTs. Beta waitlist is invite only. In March, Blur raised $11 million in a seed funding round led by crypto VC firm Paradigm - source
Fan token platform Socios nets deal with Major League Soccer (MLS) and nearly all of the teams in the league. Currently has launched 50 fan tokens on its Chiliz Chain - source
Basketball DAO and Dogecoin Wallet App both buying into Ice Cube’s BIG3 basketball league through Ethereum NFTs. The projects will make team decisions, create merchandise, and have branding opportunities in the 3-on-3 pro league - source
Australia Zoo, the famous animal sanctuary owned by Terri Irwin, the widow of Steve Irwin or the crocodile hunter, has launched an NFT project called “Wildlife Warriors” to be minted on Algorand - source
English Premier League team Leeds United has launched 11 one-of-one NFTs to support the Ukraine Humanitarian Appeal - source
LooksRare listing rewards V2 will go live at 9AM UTC on May 5th. In V2, the closer your listing is to the floor, the more points you get - source
News:
The Federal Reserve raised the official U.S. interest rate by half a percentage point (50bps), while saying it will reduce the size of its balance sheet by $47.5 billion a month for three months and going up to $95 billion a month starting in September. “50 basis points should be on the table for the next couple meetings,” and that a 75bps rate hike is not something the committee is considering right now - source
Binance participated in Elon Musk’s acquisition of Twitter, providing $500 million in funding, according to SEC filings. Venture capital firm Sequoia Capital committed $800 million. Around $7.1 billion has been committed by 19 different parties with investment firm Fidelity putting aside $316 million - source
BitMEX co-founder and former CEO Arthur Hayes asks court for a non-jail sentence and permission to travel and live abroad - source
U.S. rate futures pricing in 75% chance of 75 BPS FED hike in June. Fedwatch sees 83% probability - source
A Messari alum, and a popular investor team up to launch $85M crypto hedge fund, Pangea Fund Management. The fund will employ a long term strategy, investing in crypto projects that have already emerged as winners in the space - source
France’s financial authority approves Binance's registration as digital asset service provider. Binance said it would significantly scale its operations in France following the registration approval - source
The governor of California has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space - source
Gucci to accept more than 10 cryptos, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu, Doge and 5 stablecoins in leap for luxury industry. The first Gucci stores to take crypto are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta and The Shops at Crystals in Las Vegas. - source
Swyftx, one of Australia’s largest crypto exchanges, has become the first local exchange to offer users zero-fee yields on 21 different digital asset cryptocurrency deposits - source
Texas Crowdfunding Platform Offers Investors Fractional Ownership in Bitcoin Mines. EnergyFunders will issue monthly payouts in Bitcoin or U.S. dollars, saying returns could top 100% if the Bitcoin price stays in the $45,000 range - source
Argo secures up to $70.6 million in loans for Texas mining facility - source
Raises:
Blockchain Coinvestors, a blockchain investment firm with more than $450 million in assets under management, has launched a $200 million mid-stage growth fund providing exposure to emerging blockchain companies - source
LongHash Ventures Leads $1.5 Million Pre-Seed Funding Round for Web 3.0 Game Data and Development Platform Particle Network - source
April fintech funding roundup: fintech funding hits twelve-month low - source
Paradigm, A16z Back $12M Round for Blockchain Game Platform LootRush. The Steam-like platform makes it easier for new users to try play-to-earn games - source
Cometh Raises $10M to Boost Blockchain Game Adoption. The round was led by venture capital fund White Star Capital and decentralized autonomous organization Stake Capital - source
New Listings:
MEXC Global will list DEIP World in the Innovation Zone on May 5th - source
PembrockFi, the first leveraged yield farming on NEARProtocol, IDO will launch on Boca Chica - source
Project Galaxy (GAL) will get listed on Binance, KuCoin, FTX, Huobi, Coinbase on May 5th - source
Binance Futures Will Launch USDT-Margined GAL Perpetual Contracts with Up to 25X Leverage - source
Aurigami (PLY) will get listed on KuCoin & Huobi on May 5th - source
Step App (FITFI) Gets Listed on KuCoin - source
Biswap (BSW) Gets Listed on KuCoin - source
Fusion (FSN) Gets Listed on KuCoin - source
H2O DAO (H2O) Gets Listed on KuCoin - source
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