Crypto Daily Digest - June 7th

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