Crypto Daily Digest - May 27th

TI Research

On May 27th, Terra 2.0 expected to go live on May 28th at 6:00am UTC. Tether launches $USDT on Polygon. JPMorgan Chase is using Blockchain for collateral settlement. The Terra community has passed a proposal to burn over 1.388 billion $UST in the community pool and on Ethereum for liquidity incentive. Elon Musk tweeted that Tesla merch can be bought with dogcoins, and SpaceX merch will soon be available for purchase with dogcoins.

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

Terra

Tether

Polygon

Elon Musk

TI Research

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