Select observations of the day:
Terra 2.0: Do Kwon’s proposal 1623 officially passed with 65.5% of the vote. Snapshot blocks could happen by May 26th. Will create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic ($LUNC) and the new chain will be called Terra ($LUNA) - source
Avalanche published an AIP proposal proposing that ApeCoin DAO launches Otherside as a Subnet - source
Lido Finance’s DAO voted strongly not support the new Terra blockchain when it launches despite possible incentives - source
a16z announced a $4.5B fund for crypto and blockchain startups during these trying times. $1.5B dedicated to seed investments and $3B to venture investments - source
Uniswap has topped $1T in total trading volume since launching in late 2018. The governance community has also decided to go live on two new chains: Gnosis and Moonbeam - source
Wormhole Bridge will integrate with Injective, an EVM-compatible sidechain of Cosmos, becoming Wormhole’s 11th chain - source
Today was another day full of venture capital money raise announcements. Money is still pouring constantly into this space despite the market downturn. Interdasting
- 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 Builders Alliance: Rebirth Terra Network: 1623 proposal vote has closed, officially passed with 65.5% of the vote. Terra 2.0 snapshot blocks could happen as early as Thursday, May 26, 2022 at 16:20:00 UTC - source
Avalanche published an AIP proposal on the ApeCoin Governance Forum, proposing that ApeCoin DAO launches Otherside as an Avalanche Subnet - source
Lido Finance’s DAO voted strongly not support the new Terra blockchain when it launches despite possible incentives - source
Wormhole Bridge, the Jump-backed cross-chain connector will integrate with Injective, an EVM-compatible sidechain of Cosmos. It becomes Wormhole’s 11th chain - source
MetaMask has announced an integration with Coinbase Pay to ease crypto payments - source
Immutable next chapter: first cross-rollup liquidity protocol connecting NFT trades across multiple L2/L3s. First additional rollup is StarkNet. Will expand to include composable smart contracts and EVM/Solidity support - source
This Friday 8AM UTC, 58K BTC are set to expire on Deribit with a notional value of $1.73 billion. Max pain price $34,000, put/call ratio: 0.75 - source
Ethereum max pain price $2,500, ~$1.1 billion notional value, put/call ratio 1.06 - source
Uniswap has topped $1T in total trading volume since launching on Ethereum in late 2018, coming from a relatively small user base of 3.9M addresses - source
Uniswap's governance community decided that Uniswap will go live on two new chains: Gnosis and Moonbeam - source
Binance Loans Adds ADA & AVAX as Staking Collateral Assets - source
Kusama Proposition 197 referendum implemented: USDT in Kusama ecosystem - source
Covalent announces integration with Aurora, the EVM on NEAR - source
YFI's Chinese community fork project, YFII, plunged ~50 %. Recently on May 18, Binance removed the YFII/BUSD trading pair - source
Multichain Partners with BitTorrent Chain. TRON stablecoin USDD can now be migrated on Arbitrum and Optimism as well as Ethereum, Fantom, Avalanche and BNB Chain - source
Cardano’s Vasil Hard Fork Ready for Public Testnet by June 2 - source
Elrond has introduced Ad Astra Portal, a cross-chain bridge for tokens that enables assets to flow between Elrond and Ethereum, and soon other EVM compatible blockchains - source
Apollo DAO post Terra de-peg Community Update: will be focusing deployment across the Cosmos ecosystem, (which will include Terra2, but also other Cosmos chains) - source
Merit Circle DAO Proposal Seeks to Boot Early-Stage Investor YGG. Members of the DAO have complained about the “lack of value” YGG has brought to the DAO - source
Research unit of Blockstream has published a proposal for a new type of multisig standard called Robust Asynchronous Schnorr Threshold Signatures (ROAST). Hopes to avoid the problem of transaction failures due to absent or even malicious signers and can work at scale - source
Brave browser has added support for Solana - source
Kava 10 launches May 25th - source
Aura Finance Launch Plans - Centered around Balancer Labs’s veBAL, Aura coordinates incentives around vote-escrowed tokens to boost yield potential and governance power - source
MonkeyPoxInu tanked in price as developers were alleged to have run off with $400M - source
veMULTI expands to Fantom: First snapshot - May 25th 14:00 UTC Second snapshot - May 26th 02:00 UTC - source
RoraRealm announced their stealth launch this Sunday 29th May - source
A quick primer of ERC-4626: going to help clean up the mess in yield-bearing tokens - source
Hackerdao exploited - source
Ruby.Exchаnge (RUBY) Token Sale to be held via Impossible Finance on June 13 - source
Metaverse News:
Seth Green, who had recently lost his BAYC NFT to a phishing attack, has sparked discussions surrounding the transfer of intellectual property rights under such a theft - source
The National Football League and the NFL Players Association have partnered with Mythical Games to develop a blockchain game with NFTs called NFL Rivals - source
AI-based NFT collection by Refik Anadol auctioned for $6.2M - source
News:
Stripe has partnered with OpenNode to allow instant Fiat-to-Bitcoin conversions - source
Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) to develop one of the 9 projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil - source
Raises:
a16z announces $4.5B fund for crypto and blockchain startups. $1.5B dedicated to seed investments and $3B to venture investments - source
LayerZero Labs seeks backing that would triple its valuation to $3B. Raised $135M at a $1B valuation as recently as late March - source
Venture capital firm Standard Crypto has raised a new $500M fund - source
StarkWare Industries raised $100M at a valuation of $8B just six months after the unicorn closed a $50M Series C - source
NGC Ventures has raised $100M for its third blockchain fund from backers such as Huobi Ventures, Nexo Ventures, and Babel Finance - source
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B bringing firm's valuation to $2B - source
Volt Capital, a crypto venture capital firm focused on early-stage investments, has raised $50M for its second fund - source
ZenLedger Raises $15M to Expand Crypto Tax Products - source
MetaKings Raises $15M to Launch Web 3 Strategy Game Blocklords - source
NFT fraud detection platform Doppel raises $5M seed round led by FTX Ventures - source
Spritz has secured $2.5M in early stage funding to connect real-world bill pay with crypto & DeFi - source
New Listings:
$OCT will be listed on Huobi Global on May 25th - source
Bit.Store (STORE) Gets Listed on KuCoin on May 26th - source
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