Crypto Daily Digest - May 27th

DeFi

• Huobi acquires Latin America exchange Bitex. Source
• Terra 2.0 expected to go live on May 28th at 6:00am UTC. Source
• JPMorgan Chase is using Blockchain for collateral settlement. Source
• Jet Protocol community's first governance proposal proposes adding $USDC as collateral voting is now open. Source
• Sport Move on BNB Chain appeared Rug Pull. Source
• Zerion launches mobile wallet Zerion Wallet. Source
• Slower slot times have caused the Solana blockchain clock to drift significantly and the on-chain time has fallen half an hour behind real-world time. Source
• The Terra community has passed a proposal to burn over 1.388 billion $UST in the community pool and on Ethereum for liquidity incentive. Source
• Kava Network will launch the $750 million Kava Rise incentive program. Source
• Velodrome will launch on Optimism on May 31. Source
• ApeCoin community launches AIP-13 proposal vote. Source
• Crypto.com Tax is now available in New Zealand. Source
• Mark Cuban says he has never invested in $UST or $LUNA. Source
• Binance will support the Elrond ($EGLD) network upgrade. Source
• $PMY on BNB Chain appeared rug pull. Source
• PeckShieldAlert: zed-run[.] info is a phishing site. Source
• Charles Hoskinson stresses Cardano's focus on doing only regulated business. Source
• Figment decided not to support Terra 2.0 at launch. Source
• Tether launches $USDT on Polygon. Source
• Zenlink Hybrid AMM will launch on Moonriver Network and Moonbeam Network next week. Source
• JPMorgen placed Bitcoin's fair price at $38,000. Source
• Binance partners with Kharon and Neterium to enhance KYC control and sanctions screening. Source
• Ronin Bridge is in the process of as econd external audit and will possibly reopen in mid June. Source
• Loop Finance announced migration to Juno Network. Source
• Alchemy officially partnered with Flashbots to support sending private transactions on Ethereum. Source

Policy & Regulation

• Senators draft bill to ban use of Digital Yuan in US-based mobile apps. Source

NFT

• OpenSea will gradually update the display page in the coming weeks. Source
• Snake City will officially launch its game on May 27th at 14:10 UTC, with a NFT public sale. Source

Fundings

• P2E shooter game Cantina Royale closed $4.5 million in funding with participation from Animoca Brands and others. Source
• Music investment firm MUSIC closes $200 million funding round to invest in music companies working on Web3 innovations. Source
• Jupiter Exchange raises $5 million in seed funding for first publicly available alternative asset exchange. Source