Select observations of the day:
Chairman of Animoca Brands: “No discussion was had either at the apecoin board level or with any other parties (including yugalabs) of a possible apechain”. Apecoin also announced its integration with Polygon - source - 2nd
Crypto.com, the world’s sixth-largest exchange, slumped 30% after announcing substantial reductions in rewards for its Visa cardholders and has since backtracked on its decision to fully end staking rewards planning to offer “a more balanced approach” - source
"Fees are coming to Solana", offering users the ability to specify an arbitrary “additional fee” to be collected upon execution of the transaction and its inclusion in a block - Response to recent outage - source
Azuki teases something on May 5th - source
Kraken Exchange announced the launch of its NFT platform. Currently available to join its waitlist. Kraken is the second largest exchange in the US after Coinbase - source - 2nd
Algorand becomes first US blockchain sponsor of 2022 FIFA World Cup - source
Dubai’s crypto regulator to launch metaverse headquarters in The Sandbox - source
Beanstalk Barn raise: potential $78M private sale to recover hacked liquidity in exchange for ~$400M of $bean debt + community poll. Case study in recovery of exploited protocols - source
Andreessen Horowitz plans to commit $500M for Indian Startups - source
Plus more, as always. Have a great chewsday
- 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:
Crypto.com, the world’s sixth-largest exchange, slumped 30% after announcing substantial reductions in rewards for its Visa cardholders and has since backtracked on its decision to fully end staking rewards planning to offer “a more balanced approach” - source
Solana Mainnet Beta Outage Report and Mitigation: "Fees are coming to Solana", offering users the ability to specify an arbitrary “additional fee” to be collected upon execution of the transaction and its inclusion in a block - source
[Proposal] Terra x Citadel DAO - Accelerating the growth of BTC/4pool - Propose Terra Community Pool joins Frax Finance in participating in the initial Citadel DAO launch event using treasury capital - source
Algorand becomes first US blockchain sponsor of 2022 FIFA World Cup - source
Zachxbt: wallet compromised - story of where the funds went, how able to recover a portion of it, & who’s potentially behind the attack - source
75 Punks have been locked on JPEG'd and obtained a line of credit within the first week - source
Beanstalk Barn raise: potential $78M private sale to recover hacked liquidity in exchange for ~$400M of $bean debt + community poll - source
Metaplex (caused Solana mainnet to partially go down): to combat botting they have merged and will soon deploy a botting penalty to the program as part of a broader effort to stabilize the network - source
Last call for the Steakhut launch. Rocket Joe: $STEAK - source
Hidden Hand Supports Tokemak C.o.R.E. 3 - protocols can bribe users to vote for their Tokemak Reactor and TOKE holders can soon begin earning bribes through the Hidden Hand marketplace - source
Lido: opening a new Node Operator onboarding round for Lido on Solana. Applications will be accepted from May 1 - 22 - source
Introducing Surge, the most scalable and capital efficient DEX on NEAR. Launching Soon - source
Ispolink Public Testnet is scheduled for 11th of May - web3 jobs and opportunities - source
Binance Will Support the Ellipsis (EPS) Token Migration, Redenomination and Ticker Change to
EPX - source
On May 1st, Retrograde is launching with a two-stage event - the Astrowars are starting - source
The Apollo xAstro Lockdrop Announcement- Launching 2nd of May - 5 million Apollo tokens shared amongst depositors- Astro/xAstro deposits open for 5 days - source
Introducing Multi-collateral on Perpetual Protocol - source
Gnosis: GIP-35: would improve economics and clarity of GNO rules by targeting 3M GNO total supply. It would also formally veto the GnosisDAO treasury for voting, giving more voting power to GNO holders - source
VoltProtocol has received a ~10m FEI liquidity backstop from Fei Protocol, RariCapital $TRIBE as part of launch assistance associated w/ token swap - source
KYVE Launches Incentivized Testnet: Mission Korellia - source
Introducing Covenant Protocol - powered by UMA’s optimistic oracle, enables smart and deterministic payments for trustless KPI based payouts for anything from bribes for gauge votes, governance decisions, liquidity mining and even KPI based grants - source
Once the full Reserve Protocol has launched on Ethereum mainnet, Reserve Rights (RSR) holders will be able to stake their tokens, thereby insuring & governing the network - source
AEGIR Receives Foundation Grant Award to Develop a Digital Card Game on Algorand - source
Arweave Releases a Seal Of Permanence - source
Metaverse News:
Chairman of Animoca Brands: “No discussion was had either at the apecoin board level or with any other parties (including yugalabs) of a possible apechain” and announced its integration with ETH sidechain Polygon - source - 2nd
Azuki teases something on May 5th - source
VanEck, an investment firm with over $82B in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 NFTs - source
Square Enix Sells $300 Million In Studios and IP, including Tomb Raider, Deus Ex, Legacy of Kain, and Thief, To Invest In Blockchain Tech - source
Dubai’s crypto regulator to launch metaverse headquarters in The Sandbox - source
Kraken Exchange announced the launch of its NFT platform. Currently available to join its waitlist. Kraken is the second largest exchange in the US after Coinbase - source - 2nd
Hyundai NFT- NFT official website open - sale May 9th & 10th Price 0.15 ETH - source
Americana - IRL NFTs mint/launch - source
News:
Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases - source
Following its sponsorship of Manchester City Football Entertainment, crypto exchange OKX has announced to become the lead sponsor of the McLaren F1 Racing Team and Shadow Esports Team - source
Prominent trading firm Jane Street made its 1st stride into DeFi, borrowing $25 million in USDC from BlockTower Capital via DeFi marketplace Clearpool, with plans to eventually increase that amount to $50 million. Backed decentralized lending protocol, Bastion last month - source
SEC Renames Crypto Unit, Expands Division by 20 Personnel - source
Quantum Mechanics-based Random Number Generator to Enable Blockchain Gambling - source
Crypto exchange operator Gemini has launched Superlunar, a web3 research and design studio, to help grow web3 adoption - source
Ledn Taps Hoseki for Bitcoin Proof-of-Asset Service Ahead of Mortgage Launch - source
Raises:
Andreessen Horowitz plans to commit $500 Million for Indian Startups - source
Syndicate, a platform to bring DAOs mainstream, has gathered another $6 million from customers and strategic partners, including the likes of Circle Ventures, OpenSea, Uniswap Labs Ventures and Carta - source
Crypto news site Decrypt has spun out from its parent company ConsenSys Mesh and raised $10 million in funding at a $50 million valuation
New Listings:
KuCoin has announced the Aurigami (PLY) Token Sale on April 29 - source
Akash Network is listed in the Crypto.com App - source
YGGSEA announces $SEA Token Public Sale on Copper Launch. May 9th - May 14th - source
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