Crypto Daily Digest - May 20th

TI Research

On May 20th, Terra revises Terra 2.0 proposal. LFG disclosed no plan to use $AVAX reserves, says Avalanche. Core Ethereum developer says that the transition to proof-of-stake will most likely happen this August. Binance completes Optimism network integration and opens Layer 2 $ETH deposits. Proposal to deploy Uniswap v3 on Gnosis and Moonbeam chains has passed. Optimism will launch a new rollup architecture Bedrock.

DeFi

  • Terra revises Terra 2.0 proposal. Source
  • Optimism will launch new rollup architecture Bedrock. Source
  • Coinbase adds The Sandbox ($SAND) to its list of assets considered for listing in Q2. Source
  • Proposal to deploy Uniswap v3 on Gnosis and Moonbeam chains has passed. Source
  • Yield Farming platform Harvest Finance expands to Arbitrum. Source
  • Delphi Labs proposed to shut down Mars Protocol contracts and return deposits to users. Source
  • Lido Finance community discusses whether supporting Terra reboot or not. Source
  • LFG disclosed no plan to use $AVAX reserves, says Avalanche. Source
  • Ethereum Foundation launches Data Availability Sampling (DAS) request for proposals. Source
  • Binance completes Optimism network integration and opens Layer 2 $ETH deposits. Source
  • Tether CTO says Terra wasn't a Rug Pull, just a bad design. Source
  • Core Ethereum developer says that the transition to proof-of-stake will most likely happen this August. Source
  • Hashflow releases Q2-Q4 roadmap for 2022. Source
  • $UST (Unstable Terra) on BNB Chain is a honeypot. Source
  • Luxury watch brand TAG Heuer will accept cryptocurrency for US online purchase. Source
  • Ripple to invest US$100 mln for carbon removal in race to zero emissions. Source
  • LiteCoin will activate the MWEB upgrade. Source
  • KuCoin intends to use some of the funds from its previous $150 million funding round to support app developers on KCC. Source
  • Twitter will hide tweets that share false info during a crisis. Source
  • The Humanode Core team announced that Testnet v3 - “Ramiel” will be launching on May 31st. Source

Policy & Regulation

  • UK financial regulator to scrutinize Terra incident. Source
  • Swiss think tank urges greater global cooperation on crypto regulation. Source
  • Commonwealth Bank of Australia pauses its in-app crypto pilot. Source
  • Cyprus drafts crypto rules, may introduce them before EU Regulations. Source
  • BAYC #2162 barred from sale by Singapore Court after dispute. Source
  • Crypto should meet same norms as regular finance, G7 says. Source
  • Korea will convene an emergency meeting of the exchange on May 24 regarding the LUNA events. Source

NFT

  • NFT marketplace aggregator Gem adds Bulk Send NFT feature. Source
  • Benji Bananas will airdrop 18 million $PRIMATE to their membership pass holders. Source

Fundings

  • Crypto exchange Gopax operator Streami closes 30 billion won Series B funding round with participation from SoftBank and others. Source
  • Parcl, a Solana-based real estate investment platform, closed a $7.5 million strategic funding round with participation from Dragonfly Capital and others. Source
  • UnicornDAO raised $4.5m in funding co-led by Yuga Labs and others. Source
  • DeFi protocol iZUMi Finance raises $30m and launches exchange. Source
  • Kiln completes $5 million funding round to grow blockchain staking platform. Source
  • SingularityNET and SingularityDAO receive $25 million investment commitment from LDA Capital. Source
  • Web3 project Saga closed a $6.5 million seed round with participation from Polygon Studios and others. Source

Terra

Avalanche

Ethereum

Optimism

TI Research

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