Crypto Daily Digest - May 17th

DeFi

• Do Kwon proposes forking Terra chain into Terra Classic and a new chain without algorithmic stablecoin. Source
• Twitter commits to completing the transaction with Musk at the agreed price. Source
• Elon Musk said the deal can't move forward unless Twitter proves fake accounts are less than 5%. Source
• Aurora launched Aurora+ platform with Aurobots NFT to airdrop. Source
• $ALG on BNB Chain appeared rug pull. Source
• VeChain Foundation will provide funding to VeChain migrated Terra developers. Source
• Data: number of non-zero addresses holding $ETH reached an ATH of 80,804,145. Source
• MakerDAO: Curve 3pool and other factors reduced Dai supply by 2.2 billion over the past two weeks, but Dai peg is safe. Source
• The multi-chain DeFi protocol FEG has been attacked again, losing about $1.9 million. Source
• The proposals to deploy Uniswap v3 on the Gnosis and Moonbeam chains are now open for voting. Source
• It is now possible to claim vested $COW tokens for everyone who locked their $GNO. Source
• Polygon is launching ZK-proof protocol Polygon Nightfall on mainnet in partnership with EY. Source
• Ribbon Finance proposed to issue $3m of bonds through Porter Finance. Source
• BitMEX launches spot exchange BitMEX Spot. Source
• yearn.finance already bought back 755 $YFI for $19m. Source
• ConsenSys will launch decentralized customer service platform VillageDAO in partnership with LivePerson. Source
• Brazilian Stock Exchange B3 will launch Bitcoin Futures within six months. Source
• Solana ecosystem DeFi protocol Ratio Finance mainnet is now live. Source
• Gelato Network launches Gelato Relay, a multi-chain trading API. Source
• Terra Land will be migrating to the Ethereum blockchain and users will be able to claim new $TLAND tokens based on a snapshot. Source
• Across Protocol, the Ethereum cross-chain bridge, will begin its V2 liquidity migration on May 23. Source
• Clearpool will launch V2 with multi-chain support on May 19, and users will need to migrate their liquidity to V2. Source

Policy & Regulation

• U.S. Government says IT workers from North Korea are working in Crypto on a large scale. Source
• US Congress Research Agency weighs in on $UST crash. Source
• South Korea's financial regulatory authority has asked exchanges to provide data related to the number of Terra investors. Source
• South Korea lawmaker wants Do Kwon to attend parliamentary hearing. Source

NFT

• LimeWire to open its collectibles marketplace to Universal Music Group artists. Source
• Digital identity management provider Linktree partners with OpenSea to launch NFT Gallery. Source

Fundings

• Binance Labs has announced a $6 million strategic investment in Zecrey, a Layer 2 cross-chain protocol. Source
• Encode Club, a Web3 education community, has closed a $5 million seed round with participation from Dragonfly Ventures and others. Source
• Content marketing company Gusto Collective announced that it raised $11m in seed round co-led by Animoca Brands and others. Source
• Oasis announced an additional investment of $35 million, bringing its total ecosystem development fund to $235 million. Source
• Web3 treasury management infrastructure Coinshift closed $15 million Series A funding round led by Tiger Global. Source
• Web3 social graph protocol CyberConnect announced that it raised $15m in Series A co-led by Animoca Brands and others. Source
• Crypto tax company TaxBit gets strategic investment from Haun Ventures. Source
• Smart contract security firm Certora raised $36 million in a Series B round led by Jump Crypto. Source
• Fortis Digital Ventures launches a new $100 million crypto fund. Source