Crypto Daily Digest - May 23rd

DeFi

• Goldman Sachs says DeFi’s interconnections can increase systemic risk. Source
• CoinDesk relaunches social token into the wild. Source
• eBay partners with OneOf to launch its first NFT collection. Source
• French luxury brand Balenciaga to accept crypto payments In U.S. Source
• PeckShieldAlert: Users should be wary of fake $LUNA burning addresses. Source
• OKLink has added Solana Blockchain Browser. Source
• GameStop rolls out MetaMask-like Ethereum wallet to support NFT marketplace. Source
• Solana based launchpad Solanium launches Solanium Swap. Source
• Crypto startup Stader Labs lost 40% of its money due to the Terra incident. Source
• Do Kwon says users not advised to burn $LUNA tokens. Source
• Avalanche loses $60m in Terra's crash. Source
• Terra Name Service is migrating .ust domain to Terra 2.0. Source
• Cosmos based lending protocol Coslend launches beta version on Evmos mainnet. Source
• Evmos Name Service will launch testnet on June 15. Source
• Liquid staking protocol Stader will take snapshot on May 26th and migrate $SD to Ethereum. Source
• Terra's proposal to re-enable IBC passed but failed to execute. Source
• Retrograde will let community choose which chain to migrate to. Source
• MetaMask is looking for a product marketing manager and may launch tokens. Source
• Otherdeed will provide a technical demonstration to holders on July 16. Source
• The number of addresses holding at least 1 Bitcoin has reached a new all-time high of 844,906. Source
• BNP Paribas joins JPM's blockchain network Onyx for fixed income trading. Source
• THORChain will cease all THORFi development to focus on Layer1 DEX. Source

Policy & Regulation

• RBI Governor hints at announcing an interest rate hike in the next monetary policy meetings. Source

NFT

• Targeted phishing scam nets $438k in crypto and NFTs from hacked Beeple account. Source
• PeckShieldAlert: The Facture official discord was attacked with 455 $SOL lost. Source
• NFT project Moonbirds is airdropping Moonbirds Oddities to their NFT holders. Source

Fundings

• Metaverse App BUD closed a $36.8 million Series B funding round led by Sequoia Capital India. Source
• Crypto Valley Venture Capital launches African Blockchain early-stage fund. Source
• Element Black, a metaverse infrastructure company, closes $1.6 million in funding with participation from Boxmining and others. Source
• Crypto bank Protego Trust Bank is raising Series B funding at nearly $2 billion valuation. Source
• Korea's RECON Labs raises $4.4 million for 3D-AR shopping visualization. Source
• Cypher Capital will invest $5 million in the Ocean Protocol eco-project. Source
• GEMS secures 50m investment commitment from GEM. Source