Crypto Daily Digest - May 19th

TI Research

On May 19th, Tether releases the latest consolidated reserves report showing its consolidated assets exceeded its consolidated liabilities. Yield protocol Stablegains invests client assets in Anchor without disclosure, resulting in $42 million in lost funds for 4,878 users. FTX US is going to launch stock trading feature. The $OP airdrop may be available to claim as early as the end of May and as late as the second quarter. The Arbitrum Odyssey will officially be going live mid-June.

DeFi

  • Solana releases Mainnet v1.9.22. Source
  • Tether releases latest consolidated reserves report showing its consolidated assets exceeded its consolidated liabilities. Source
  • SingularityNET and SingularityDAO receive investment commitment from LDA Capital. Source
  • $LUNA and $UST price volatility spikes as voting on Terra Fork begins. Source
  • The Arbitrum Odyssey will officially be going live mid-June. Source
  • Aave is internally testing the use of NFTs as collateral. Source
  • Sturdy Finance will launch on Ethereum mainnet by the end of May and support Curve LP as collateral. Source
  • Pantera Capital cashed out nearly 80% of Terra investment before $UST collapsed. Source
  • Yield protocol Stablegains invests client assets in Anchor without disclosure, resulting in $42 million in lost funds for 4,878 users. Source
  • Galaxy Digital founder releases open letter. Source
  • ApeCoin has completed voting on two community proposals. Source
  • Korean tax authorities plan to collect $78 million in additional taxes from LFG. Source
  • FTX US is going to launch stock trading feature. Source
  • Julius Baer Group Ltd. said it is working on offering services in digital assets to its wealthy clients. Source
  • OKX will launch the contract cooling-off period function on May 20. Source
  • Exotic Markets, a Solana-based DeFi protocol, is now live on mainnet. Source
  • The $OP airdrop may be available to claim as early as the end of May and as late as the second quarter. Source
  • Binance Pay now supported on Binance NFT. Source
  • Klaytn-based DeFi project Kronos DAO allegedly misappropriated 6 million DAI staked by users. Source
  • NFL player Alex Barrett is taking 100% of his salary in Bitcoin. Source
  • UK digital bank Revolut plans to launch native token and non-custodial crypto wallet. Source
  • Binance App adds Venus Protocol mini program. Source
  • Curve community proposes to remove $UST pool gauges. Source
  • Seven crypto giants co-launch scam reporting platform Chainabuse. Source
  • Delphi Ventures loses $10 million in the Terra crisis. Source
  • South Korean crypto venture capital firm Hashed may have lost over $3.5 billion in the Terra crisis. Source
  • Ethereum Layer2 privacy solution Aztec Connect will go live on the mainnet on June 9. Source
  • Coinbase forms crypto think tank that publishes monthly digital asset market insight reports. Source
  • Solidity has released v0.8.14 which fixes two important bugs. Source

Policy & Regulation

  • The Korea Joint Financial and Securities Crimes Investigation Team begins investigating Terra collapsed. Source
  • Russia will legalize cryptocurrencies, says Trade Minister. Source

NFT

  • The Sandbox acquires technology firm Cualit to accelerate Web3 development and Metaverse growth. Source

Fundings

  • Azra Games, a P2E blockchain game company, has closed a $15 million seed round led by a16z. Source
  • Web3 Project Saga closed $6.5 million seed round with Polygon Studios and others. Source
  • NFT lending protocol Pine Protocol raised $1.5m in seed round participated by Alameda Research and others. Source
  • Blockchain game developer N3twork Studios raised $46m in funding led by Griffin Gaming Partner. Source
  • Crypto startup KaJ Labs raised $400m in seed round led by GEM Digital. Source
  • DoraHacks closes $20 million Series B1 round led by FTX Ventures and Liberty City Ventures. Source

Tether

Optimism

Arbitrum

TI Research

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