Crypto Daily Digest - May 16th
DeFi
- Changpeng Zhao says he will support priority compensation for smaller $UST holders. Source
- LFG announces use of reserve funds and currently has only about $87 million in asset reserves left. Source
- The Block's director of data research: Jump Crypto loses hundreds of millions of dollars from this $UST depegged event. Source
- LFG's remaining 313 $BTC have been transferred to the LFG Foundation address. Source
- LFG balance reserves coming with small wallets compensated first. Source
- No deals for any 'insiders' to exit, says LFG. Source
- Solana ecosystem lending protocol Hedge will launch mainnet beta on May 19 at 17:00 UTC. Source
- PeckShieldAlert tweeted that $DEI has been severely unpegged. Source
- Polygon Studios is helping Terra projects migrate to Polygon. Source
- Do Kwon complements LFG's $BTC and $AVAX reserve uses in rebuilding Terra program. Source
- Lending protocol Scream left with $35 million bad debt after quoting depegged stablecoins at $1. Source
- Public Chain Aptos launched incentivized testnet registration. Source
- $FEG suffers flash loan attack on Ethereum and BNB Chain. Source
- Venus restored deposit and withdrawal operations, users who have $UST and $LUNA as collateral need to supply collateral to prevent liquidation. Source
- Data: Bitcoin number of addresses receiving from exchanges just reached a 11-month high. Source
- Data: Current network-wide DeFi TVL has fallen to $115.9 billion. Source
- $UST drops to $0.085, 24H down 54.66%. Source
- Justin Sun says he will compensate 236,000 smaller $UST holders with 10 million $USDD. Source
- Ronin attacker-related address transferred 3,003 $ETH to Tornado.Cash. Source
- Grayscale announces the launch of its first European ETF. Source
- Ethereum Layer2 total Volume fell below $5 billion, down 14.66% in 7 days. Source
- Korean financial authorities have conducted an urgent movement check on the $LUNA incident and will expedite the formulation of the Basic Act on Digital Assets. Source
- Vitalik Buterin favors the proposal that Terra should prioritize compensation for small wallets of $UST. Source
- Changpeng Zhao said Binance had received 15 million $LUNA as part of the original investment in Terra, and had 12 million $UST from staking. Source
Policy & Regulation
- ECB will be ideally ready to issue the digital euro within four years. Source
- 44 countries will meet in El Salvador to discuss Bitcoin rollout. Source
- Portugal's Finance Minister plans to tax crypto. Source
NFT
- The Sandbox will airdrop 5 million $SAND to all LAND holders in May. Source
- Square Enix plans to issue tokens and invest heavily in Web3 gaming. Source
- STEPN released version 0.6.6 with new features such as dual authentication. Source
Fundings
Terra
Stablecoins
Bitcoin
a16z
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