Crypto Daily Digest - May 25th

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