Crypto Daily Digest - May 19th

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