Crypto Daily Digest - May 5th

DeFi

• Binance will invest $500 million together with Elon Musk to acquire Twitter. Source
• Vitalik Buterin's fund has donated to several new Coronavirus research projects. Source
• Avalanche price rises 14% on launch of new trust. Source
• Coinbase listed Project Galaxy ($GAL) at 16:00 UTC on May 5th. Source
• Degis has launched staking $veDEG to receive share of the platform's revenue. Source
• Parallel launches Polkadot's first $DOT liquidity stake product. Source
• YGG SEA will launch token IDO on Copper on May 9th. Source
• Cronos based DeFi protocol MM.Finance lost over $2m in DNS attack. Source
• DeFi asset management platform Zapper launches Zapper Studio. Source
• Cosmos ecosystem gaming public chain Clan Network will launch token $CLAN and airdrop. Source
• Coinbase: all asset listing announcements to be moved from Twitter to website. Source
• Binance Labs launches Season 4 of incubation program with 14 early-stage start-ups. Source
• Web3 browser Opera integrates with BNB Chain. Source
• Solana Pay launches transaction requests. Source
• Stablecoin exchange Kinesis Labs launches on Evmos mainnet. Source
• Multichain to launch veMULTI mainnet on May 9. Source
• DeFi lending protocol Alchemix expanded onto the Fantom Network. Source
• Public chain Elron has launched a Launchpad, BHero Launchpad. Source
• TRON officially issues decentralized algorithmic stablecoin $USDD. Source
• Polkadot launches the cross-consensus message format XCM. Source
• Terraform Labs partners with Outlier Ventures to launch Terra Base Camp accelerator program. Source
• Raiden Network is now live on Arbitrum. Source
• The Algorand Foundation announces the launch of Algo Foundry, a venture studio dedicated to growing the Algorand developer ecosystem. Source

Policy & Regulation

• Uganda warns against facilitation of cryptocurrency transactions. Source
• Uzbekistan legalises solar-powered crypto mining. Source

NFT

• Nexo issues $3 million loan secured by CryptoPunks NFT. Source
• Azuki airdrop project Beanz is about to reveal. Source
• Blockchain game Illuvium announced the first Illuvium Land Sale begins on the 2nd of June at 09:00 UTC. Source
• NFT marketplace Blur has introduced its beta. Source
• NFT trading market LooksRare listing reward points coming soon. Source
• Coinbase NFT Marketplace Beta is now available to all users. Source
• Elon Musk has replaced his former BAYC Twitter avatar. Source
• Yuga Labs said it has completed the refund of Gas for failed Otherdeed NFT minting users via Multisender.app. Source
• Luxury brand Gucci will accept cryptocurrency payments in some US stores at the end of this month. Source
• The publisher of Time magazine has filed a trademark application for NFT and Metaverse. Source
• Pepsi announces a new set of NFTs focusing on female artists. Source
• All three ApeCoin proposals, AIP-21, 22 and AIP-7, were passed on vote. Source

Fundings

• NFT immersive blockchain game Untamed Planet has closed a $24.3m round of funding led by Animoca Brands. Source
• Digital asset data provider Amberdata closed $30m Series B funding round with Coinbase and others. Source
• Crypto hedge fund Pangea Fund closed $85m financing with Alameda Research and others. Source
• Data storage platform Bundlr Network raised $5.2m seed round participated by OpenSea and others. Source
• Blockchain gaming studio Cometh closed $10m seed round led by Ubisoft and others. Source
• Korea Shinhan Financial Group established a digital strategic investment fund of about $250m, which will invest in digital assets, meta-universe and other companies. Source
• Teen-focused fintech app Copper closed $29m Series A round led by Fiat Ventures. Source
• Web3 data and development platform Particle Network closes $1.8m Pre-Seed funding round led by Longhash Ventures. Source
• Open source data platform Prisma closes $40m Series B funding round led by Altimeter. Source
• Blackstone-backed Candle Media is in talks to acquire NFT company Notables. Source