Crypto Daily Digest - May 12th

DeFi

• Curve daily volume reaches new high. Source
• Data: $LUNA circulating supply adds over 30 billion today. Source
• Tether will coordinate with a 3rd party to perform a chain swap. Source
• Binance Futures delisted $LUNA USDT-margined contract. Source
• Binance will delist coin-margined $LUNA perpetual contracts. Source
• Terraform Labs proposed to burn around 1.39b $UST as emergency action. Source
• Tether CTO Paolo Ardoino tweeted that Tether is processing redemptions normally. Source
• Australia's first Cryptocurrency ETF begin trading today. Source
• Sushi 2.0 community proposal passed the vote with 91.78% support. Source
• Osmosis releases proposal to reduce incentives to $UST and $LUNA. Source
• Lido Finance indicates stETH and Curve Pool are safe. Source
• The Block's research director said the only way out of Terra's mess is to temporarily give up on $UST. Source
• Bancor V3 live with single-sided Staking and Instant Impermanent Loss Protection. Source
• Ribbon Finance partners with Porter Finance to offer fixed-rate collateral type bonds to protocols. Source
• BlackRock and Citadel deny trading cratering stablecoin. Source
• Several crypto firms such as Dragonfly Capital have announced that they do not hold $UST and $LUNA. Source

Policy & Regulation

• Bitcoin recognized as legal virtual property by Shanghai High Court in a case. Source
• Chile's Central Bank postpones its CBDC plans. Source
• SEC may have started investigation into $UST incident. Source
• President Bukele shows plans of proposed ambitious Bitcoin city. Source
• EU commission favors ban on large-scale stablecoins. Source
• Nubank, Brazil's largest digital bank, launches Bitcoin and Ethereum trading. Source

NFT

• Axie Infinity: Origin for Android is live on Android mobile devices. Source
• STEPN plans to launch a Sneaker rental feature in the next few months. Source
• Yuga Labs metaverse project Otherside shows game clip. Source
• Azuki Founder will transfer the remaining three NFT projects proceeds and private keys to the community and focus on running Azuki. Source
• OpenSea updates account verification and copymint prevention systems. Source

Fundings

• Aurora launches $90 million developer fund to boost DeFi on NEAR Protocol. Source
• Oasis Pro Inc. closed $27 million Series A round with participation from UDHC and others. Source
• 6th Man Ventures is raising $145 million for a second crypto fund. Source
• Cryptocurrency startup BVNK closes $40 million Series A funding round led by Tiger Global. Source