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Crypto Daily Digest - May 31st

TI Research
Crypto Daily Digest - May 31st

On May 31st, Mirror Protocol suffers a new exploit with over $2 million in damages. Public chain Waves launches Waves DeFi revival plan. Terra research forum member tweeted that Do Kwon plans to launch a new stablecoin on Terra 2.0. Cross-chain bridge Stargate launches native gas delivery feature. Ropsten testnet launches a new beacon chain, which may be merged on June 8. Binance Futures will launch BUSD-margined LUNA perpetual contracts.

DeFi

  • Mirror Protocol suffers new exploit and could be drained in hours. Source
  • Ropsten testnet launches new beacon chain, may be merged on June 8. Source
  • Terra research forum member tweeted that Do Kwon plans to launch new stablecoin on Terra 2.0. Source
  • Lending protocol Maple Finance launched $MPL staking. Source
  • Public chain Waves launches Waves DeFi revival plan. Source
  • Moonbeam Network is working with Lido to bring Lido's liquidity staking to the Polkadot ecosystem. Source
  • BNB Chain releases year-long technical roadmap to develop ecosystem. Source
  • Dune Analytics announces the launch of Dune Engine V2. Source
  • Upbit operator Dunamu investment subsidiary converted all of its $LUNA to Bitcoin last February. Source
  • Cross-chain bridge Stargate launches native gas delivery feature. Source
  • Ripple CEO Brad Garlinghouse says NFT is underhyped and sees new use cases. Source
  • Multichain now supports Fantom for cross-chain transfers of $fUSDT and $USDC. Source
  • Binance will remove API3/BNB, SXP/GBP, TLM/BNB trading pairs. Source
  • Nomination Pools are live on Kusama. Source
  • Terra has noticed that some have received less $LUNA from the airdrop than expected and are actively working on a solution. Source
  • Binance Pay now supports payments in some real-world places. Source
  • Eurovision winners Kalush Orchestra raise nearly $1 million in Ethereum for Ukraine. Source
  • FlokiMoon on BNB Chain appeared Rug Pull. Source
  • MakerDAO has enabled the StarkNet Dai Bridge. Source
  • Zerion Wallet has added full support for Fantom. Source
  • Interoperability Protocol Connext Adds Support to Harmony. Source
  • Stablecoin $DEI Seriously Depegged with Price Falls to $0.44. Source
  • Binance Futures will launch BUSD-margined LUNA perpetual contracts. Source
  • Yield Farming Protocol Tesseract to Shutdown by the End of the Year. Source
  • Binance Completes $LUNA Airdrop Distribution and Enables Deposits. Source
  • DeFi Saver Live on Arbitrum and Optimism. Source
  • Avalanche Based DEX Pangolin Integrates with Rabby Wallet. Source

Policy & Regulation

  • UK Government Published Consultation Paper to Reduce Risk for Stablecoin Holders. Source
  • Singapore Central Bank Partners with Institutions Including JP Morgen to Start Digital Assets Pilot. Source
  • Mexican Senator Indira Kempis expressed her support for $MXNT, a stablecoin pegged to the Mexican peso, launched by Tether. Source

NFT

  • PGA Tour files NFT trademark applications with the USPTO. Source
  • Some users have reported asset theft after accepting $WETH offer on OpenSea. Source
  • Ripple CEO Brad Garlinghouse says NFT is underhyped and sees new use cases. Source
  • Axie Infinity Announced First 12 Projects Accepted in Its Builders Program. Source
  • The Sandbox announced partnership with ITV Studios to bring Gordon Ramsay's Hell's Kitchen to metaverse. Source
  • Korean Game Developer Krafton Unveils Its Metaverse Project MIGALOO. Source
  • NFTScan launched the Arbitrum Network NFT Browser. Source

Fundings

  • One-stop LaaS DeFi protocol SmartChain Defi closed $16 million Series A Funding Round led by Binance Labs. Source
  • PayPal Ventures was one of the investors in the $200 million funding round that Aptos Labs closed in March. Source
  • Kryptomon raises $10m led by NFX to scale blockchain-based gaming universe. Source
  • ShareChat parent company may close $300 million in funding at $5 billion valuation, with Google and others participating. Source
  • NFT marketplace myNFT closes $7M Series A funding round led by Scytale Ventures. Source
  • AI VTuber company Pictoria closes 120 million yen funding round with Mask Network and others. Source
  • Game developer Akatsuki launches $20 million fund to support Web3 projects. Source
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