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Crypto Daily Digest - May 25th

TI Research
Crypto Daily Digest - May 25th

On May 25th, Terra officials say final version of new Terra Core has been released. a16z launches $4.5 billion crypto fund 4. Avalanche suggests ApeCoin DAO launch Otherside on its subnet. Lido Finance community proposal to relaunch its protocol on the new Terra chain has failed. STEPN's $GMT token supported by Alchemy Pay for real-world spending. Coinbase will list The Sandbox ($SAND).

DeFi

  • Avalanche suggests ApeCoin DAO launch Otherside on its subnet. Source
  • MasterCard Vice President and CEO expresses bullishness on crypto. Source
  • Multichain has partnered with BitTorrent Chain to build the $USDD multi-chain architecture. Source
  • Optimism ecosystem projects submitted proposals to the Optimism Governance Fund for $OP token distribution. Source
  • Lido Finance community proposal to relaunch its protocol on the new Terra chain has failed. Source
  • CoinTracker launches crypto tax compliance and portfolio tracking products in India. Source
  • Binance says it is working closely with the Terra team to develop a recovery plan. Source
  • Terra officials say final version of new Terra Core has been released. Source
  • Crypto exchange HitBTC will list new $LUNA on May 27th. Source
  • Terra yield aggregator Apollo DAO posted de-peg community update. Source
  • Lido Finance: please withdraw bETH from Anchor and convert to stETH. Source
  • Coinbase will list The Sandbox ($SAND). Source
  • Mysten Labs announces Sui's tokenomics. Source
  • Cross-chain interoperability protocol Multichain launched $veMULTI on Fantom. Source
  • Ethereum client OpenEthereum is deprecated. Source
  • MetaMask will integrate with Coinbase Pay. Source
  • Immutable X will deploy the first cross-rollup liquidity protocol connecting NFT trades across multiple L2/L3s. Source
  • Swiss bank Dukascopy enables deposits and withdrawals in $USDT. Source
  • Brave has released 1.39 desktop version, introducing the first set of features in the Solana integration process. Source
  • DecentraWorld on BNB Chain appeared rug pull. Source
  • In response to the YFII plunge, its core developers said that YFII was not increased and was not attacked. Source
  • The Terra 2.0 snapshot is expected to take place on May 27. Source
  • Atari launches a Web3 ecosystem program Atari X and will launch new tokens. Source

Policy & Regulation

  • Regulatory clarity a necessity for crypto industry, says Morgan Stanley. Source
  • Solarisbank says it's helping Binance to become regulated in Germany. Source
  • Binance Signs MoU with Ministry of Digital Development of the Republic of Kazakhstan. Source

NFT

  • American actor Seth Green may take legal action to complain his stolen BAYC NFT. Source
  • Trait Sniper's Discord was hacked. Source
  • NFL will partner with Mythical Games to launch NFT play-to-earn game called NFL Rivals. Source
  • STEPN's $GMT token supported by Alchemy Pay for real-world spending. Source
  • OpenSea Now Supports Lens Profile Pictures. Source

Fundings

  • a16z launches $4.5 billion crypto fund 4. Source
  • NFT App Primitives Closed $4 Million Seed Round Led by Redpoint.
  • NGC Ventures has raised $100 million for its third blockchain fund. Source
  • LayerZero Labs seeks backing that would triple its valuation to $3 billion. Source
  • StarkWare raised $100 million in Series D at $8 billion valuation. Source
  • Volt Capital has raised $50m for its second crypto fund. Source
  • Babel Finance raised $80m in Series B at $2b valuation co-led by Dragonfly Capital and others. Source
  • NFT trust layer Doppel closed a $5 million seed round led by FTX Ventures. Source
  • Venture capital firm Standard Crypto has raised a new $500 million fund, which will reportedly invest in equities and crypto. Source
  • Music NFT platform FanTiger closed a $5.5 million seed round led by Multicoin Capital. Source
  • KuCoin Ventures invests in the Web3 game publishing platform Joyride. Source
  • Web3 game studio MetaKings has closed a $15 million seed round with participation from Animoca Brands and others. Source
  • Web3 game development company Cinder Studios has closed a Series A round of funding led by Animoca Brands. Source
  • Web3 startup Stan closes $2.5 million seed funding round led by General Catalyst. Source
  • DeFi payment service provider Spritz Finance closes $2.5 million Pre-Seed round with participation from Ledger Prime and others. Source
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