Crypto Daily Digest - June 7th

TI Research

On June 7th, Circle is adding its stablecoin $USDC to the Polygon blockchain. $USDT in Oasis Network based DEX ValleySwap has seriously depegged. Crypto.com's Cronos launches $100m accelerator for DeFi and Web3. U.S. Senator officially releases crypto bill. US crypto bill allegedly leaked, requiring DAOs, exchanges and stablecoin providers to be registered entities.

DeFi

  • Circle is adding its stablecoin $USDC to the Polygon blockchain. Source
  • Metal Pay launches in Europe. Source
  • $LUNA drops to $4.3151, down 17.90% in 24H. Source
  • Data: some mainstream exchanges 7-day of trading volume generally dropped by 50% or more. Source
  • Orion Money announces closing the project in the next 12 months. Source
  • PeckShieldAlert: DAO Maker attacker has transferred 200 $ETH to Tornado.Cash. Source
  • Paradigm has hired crypto and fintech legal veteran Katie Biber as its chief legal officer. Source
  • Terra fesearch forum member says TFL actually owns 42 million $LUNA and Do Kwon uses shadow wallet to manipulate governance. Source
  • Lido developer proposes Lido DAO to sell 10,000 $ETH. Source
  • DeFi insurance protocol InsurAce vote on the $UST De-Peg group claims is now open. Source
  • Celsius Network lost at least 35,000 $ETH in Stakehound key blunder. Source
  • Data: $AVAX dropped 12.81% in the last 24 hours. Source
  • PayPal lets users transfer cryptocurrencies to external wallets. Source
  • Aave V3 has been deployed on the Ropsten testnet. Source
  • $USDT in Oasis Network based DEX ValleySwap has seriously depegged. Source
  • Multicoin Capital, venture capitalist Matthew Ball and Bitwise launch Ball Multicoin Bitwise Metaverse Index in parnership. Source
  • 9 crypto and blockchain firms made into Forbes Fintech 50 2022 list. Source
  • Checkout.com launched a new stablecoin settlement system in partnership with Fireblocks. Source
  • Merit Circle DAO proposed to buy out YGG's $MC allocation at 10x price. Source
  • Samsung dives deeper into the Web 3.0 space with Discord launch. Source
  • Terra ecosystem cross-chain stablecoin bank Orion Money will gradually close the project. Source
  • TRON DAO Reserve will purchase $100 million worth of $BTC and $TRX as reserves. Source
  • Binance: Cryptocurrencies are more transparent than cash, and discussions have been held with multiple law enforcement agencies on combating fraud, etc. Source

Policy & Regulation

  • SEC investigating whether $BNB was a security when sold in 2017. Source
  • IRA Financial Trust to sue Gemini. Source
  • New York governor still undecided on signing crypto mining ban bill. Source
  • U.S. Senator officially releases crypto bill. Source
  • US crypto bill allegedly leaked, requiring DAOs, exchanges and stablecoin providers to be registered entities. Source
  • Ethiopia's central bank says it's illegal to trade with crypto. Source
  • South Korea will unify token listing and delist standards for crypto exchanges. Source

NFT

  • USA real estate firm Okada & Company puts New York building for sale as NFT. Source
  • PeckShieldAlert: NFT project Boss Beauties' Discord compromised. Source
  • STEPN have addressed most of the issues resulting from the DDOS attacks. Source
  • P2E game Axie Infinity earns less than $1 million per week for the first time since February 2021. Source

Fundings

  • Crypto.com's Cronos launches $100m accelerator for DeFi and Web3. Source
  • Social token platform Calaxy closed a $26 million strategic round led by the HBAR Foundation and Animoca Brands. Source
  • Web3 startup Navigate has closed $7.6 million seed round led by Distributed Global. Source
  • Sources say BlockFi is raising a down round at $1 billion valuation. Source
  • Payment platform Mash closed $6 million seed round led by Castle Island Ventures and others. Source
  • RPG blockchain game Illuvium land sales exceed $72 million. Source
  • UK-based blockchain game developer Oxalis Games closed a $4.5 million funding round with participation from Animoca Brands. Source
  • Indonesian crypto exchange Pintu closed a $113 million Series B round with participation from Pantera Capital. Source
  • Data infrastructure solution Vybe Network raised $10.5m in Series A led by FTX Ventures. Source
  • MachineFi Lab raised $10M in seed round at $100M valuation co-led by Samsung Next and others. Source
  • Euler closed a $32m funding round led by Haun Ventures. Source
  • Israel-based venture capital firm Pitango launches an investment DAO. Source
  • Binance Labs announced participation in the seed funding round of ApolloX. Source

Circle

USDT

DeFi

Policy and Regulation

Binance

TI Research

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