Select observations of the day:
FOMC rate decision today at 6:00 PM UTC. Expectations are for 50 bps hike and continued QT. Expect volatility and fuckery today. Sentiment favors a move up
Valkyrie launches Avalanche trust for tardfi exposure to AVAX. Already $25 million lined up for the single asset trust - source
Polkadot launches cross-chain messaging system (XCM) v0.9.19 to solve blockchain’s bridge problem. Includes a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading Statemint to include minting assets (like NFTs) and teleports - source - tweet
The Cronos chain upgrade to v0.7.0 “Huygens” is planned for May 10 and marks a major milestone in the evolution of Cronos mainnet beta - source
SteakHut protocol will launch: today May 4th, 4pm UTC - source
Phantom Network public mint: today May 4th - source
Case Study - influence one individual holds on the market: Elon Musk changes Twitter profile pic to Bored Ape NFT collage pumping price, then calls it 'kinda fungible' and price retraces - source
Goldman Sachs announced a partnership with Coinbase for bank’s first bitcoin backed loan - source
Starbucks to launch NFTs this year offering access to ‘unique experiences and benefits’ - source
Hal Finney, computer scientist and the world’s first publicly known Bitcoiner, would have celebrated his 66th birthday today - source
Plus more, as always. May the Fourth be with you, nerdz. (it’s me, i’m nerdz)
- 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:
Terra to Provide UST Liquidity on Polygon-Based SynFutures - source
Yearn's v3 Vaults are coming - top 6 features - source
Hop, a bridge between Arbitrum, Optimism, Ethereum, and Polygon, has announced that it’ll be decentralizing Hop’s governance and turning it over to the community - Airdrop Confirmed? - source
Polkadot launches cross-chain messaging system (XCM) v0.9.19 to solve blockchain’s bridge problem. Upgrade includes a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading Statemint to include minting assets (like NFTs) and teleports - source - tweet
Moonbeam Adds Cross-Chain Capabilities, Introduces xcDOT - source
Valkyrie Launches Avalanche Trust for TradFi Exposure to AVAX Token. The investments firm has already lined up $25 million for the single-asset trust - source
The Cronos chain upgrade to v0.7.0 “Huygens” is planned for May 10 and marks a major milestone in the evolution of Cronos mainnet beta - source
Herd Blitz: SteakHut Protocol Launch - source
The Dexalot Fuji Subnet Explorer/APIs are now live - source
Malt Protocol Whitelist is open - Funds can be put in anytime before 3pm UTC on Saturday May 7th - source
Serum April monthly update - source
The Raiden Network: Now Live on Arbitrum - source
Stargate proposals to join Curve Wars - Propose to leverage 5m$ of STG rewards for the next month in “bribes” to veCRV holders, CVX holders & Redacted Cartel - source
Perpetual Protocol governance proposal to claim 9M $OP tokens - source
Metaverse News:
Case Study: Elon Musk Changes Twitter Profile Pic to Bored Ape NFT Collage pumping price, then Calls It 'Kinda Fungible' and price retrace - source
Starbucks to launch NFTs this year offering access to ‘unique experiences and benefits’ - source
Ex-Moonbirds COO Ryan Carson’s NFT fund sees $40 million in commitments - source
Phantom Network public mint May 4th - source
Gatorade trademark applications hint at joining the metaverse - source
Derby Stars: 3rd Pre-sale Schedule - Private sale May 4th 12:00AM ~ May 5th 12:00AM - source
NFTWorlds - Worlds Genesis Avatars NFT - WL Sale - source
DAVA&The Sandbox - Crypto.com NFT Mystery Box - source
News:
Goldman Sachs has announced a partnership with Coinbase exchange for bank’s first bitcoin backed loan - source
Vitalik: L2 transaction fees need to be under 5c to be 'truly acceptable' - source
Uzbekistan legalizes crypto mining using solar energy - source
LGT, World’s Largest Family-Owned Private Bank, the financial institution owned by the princely House of Liechtenstein, to Offer Crypto - source
Carl Sagan Fan Sells Wormhole.com to Crypto Giant Jump for $50K After Lawsuit - source
Camper & Nicholsons, the global leader in all luxury yachting activities, announced accepting cryptocurrency for paymenfrom BitPay - source
Hal Finney, a computer scientist and the world’s first publicly known Bitcoiner, would have celebrated his 66th birthday today - source
Raises:
Arweave-Based Bundlr Raises $5.2M to Boost Decentralized Storage. Bundlr aims to scale Arweave by allowing for near-instant transaction finality - source
Kevin, a payment startup, has raised $65 million in a Series A round led by Accel - source
T.E.A.M DAO Raises $5 Million Series A Round Led by Krust Universe and Animoca Brands - source
Stakes raises $5.3M for NFTs for sports wagering fans - source
Mangata Finance’s Completion of A $4.2 Million Funding Round Marks the Advent of Mainstream DEX Adoption - source
Amberdata Raises $30M to Accelerate Crypto, DeFi Data Delivery - source
New Listings:
Aurigami (PLY) Gets Listed on KuCoin on May 5 - source
Project Galaxy (GAL) Gets Listed on KuCoin on May 5 - source
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