Crypto Daily Digest - May 24th

DeFi

• South Korean police have taken measures to freeze LFG's funds. Source
• Solana based risk-adjusted yield protocol Katana announces the launch of Katana Treasury.
• Source
• Optimism removes 17,000 sybil addresses with 14 million recovered $OPs to be proportionally redistributed to eligible users. Source
• Velodrome will airdrop tokens to cross-chain DeFi users and $OP holders. Source
• Terra rebuild proposal 1623 gains over 50% support. Source
• Hop Protocol Is Setting New Airdrop Standards. Source
• Connext Network upgrade program Amarok is on public testnet. Source
• Proposal to stake STG/USDC LP for $CRV to secure more yield for Stargate DAO has passed. Source
• Alchemix launches ve token model tokenomics and Alchemix DAO. Source
• Coinbase Wallet now supports BNB Chain and Avalanche token trading. Source
• $KCT on BNB Chain appeared rug pull. Source
• Binance will be open for business in Dubai, Bahrain as early as June. Source
• $Starship on BNB Chain appeared rug pull. Source
• Cryptocurrencies associated with blockchain game projects are generally down nearly 8% in price today. Source
• Uniswap's cumulative trading volume Passed $1 Trillion. Source
• DeFi hack mitigation protocol Lossless will be deployed on Avalanche on May 26th. Source
• Axelar Network announced that the launch date of $AXL has been pushed back to July 14th. Source
• Terra based DEX Astroport will deploy on Terra 2.0 and release new $ASTRO. Source
• Terra says that Terra 2.0 will be a new chain instead of a fork of the old chain. Source
• Liquid staking protocol pSTAKE announced that stkETH will be live this week. Source
• Blockchain development platform Infura has partnered with NEAR Protocol. Source

Policy & Regulation

• North Carolina GOP Representative under house investigation over crypto promotion. Source
• Lagarde says crypto is "Worth Nothing" and should be regulated. Source
• IMF Chair advises against ditching crypto after Terra crash. Source
• Central African Republic will Launch Crypto Hub Sango. Source
• The Korean Financial Services Commission plans to develop regulatory regulations related to stablecoins and DeFi. Source

NFT

• Solice NFT asset staking portal is now live. Source
• Rarible Protocol is integrating with Immutable X. Source
• STEPN launches the Realm program. Source

Fundings

• Crypto app Pebble closed $6.2 million seed round with Y Combinator and others. Source
• Afriex closed a $10 million Series A round of funding at a valuation of $60 million, led by Sequoia Capital China and Dragonfly Capital. Source
• Flowcarbon, a blockchain carbon credit trading platform, closed a $70 million round of funding, including $32 million led by a16z. Source
• Take-Two completes $12.7B acquisition of mobile games giant Zynga. Source
• Web3 community platform Mojor closed a $2 million seed round of funding. Source
• eToro is reportedly raising up to $1b in private funding. Source
• PlatinX Technology secures $ 5million Funding for PTX ALGO Trading Software. Source
• Digital securities platform ADDX raises $58 million. Source
• Hedonova raises $18.4 million at a $330 million valuation in latest funding round from Chemie-Tech DMCC. Source
• DAO management platform Common has raised $20m in funding with participation from Polychain, Spark Capital, Jump, BitDAO and others. Source