Crypto Daily Digest - May 7th

DeFi

• Former Sushiswap developer team recently launched a next generation DEX O2Dex, which will hold its public beta in May and launch governance token $O2. Source
• Terra will allocate $8 million $UST to reward protocols providing liquidity for $UST on Evmos. Source
• Decentralized asset management protocol Enzyme enables users to build and manage Uniswap V3 strategies. Source
• Anchor's yield and governance platform Helm Protocol will launch. Source
• Anchor Protocol will support $bSOL as collateral. Source
• Curve community launches vote on proposal to allow Abracadabra to participate in governance. Source
• PandaDAO will create a snapshot of $PANDA holders on May 9. Source
• Web3 wallet Rainbow launches wallet connection tool Rainbow Kit. Source
• PeckShieldAlert tweeted that over 80% (approximately 3,201 $ETH) of Saddle Finance's stolen funds have been laundered through Tornado.Cash. Source
• BNB Chain testnet will have Hardfork upgrade named Euler. Source
• Elrond partners with Morningstar Ventures to create gaming guild egld.gg. Source
• Google's cloud group forms Web3 team to capitalize on booming popularity of crypto. Source
• SEC charges NVIDIA corporation with inadequate disclosures about impact of cryptomining. Source
• Robinhood has added support for $GBTC and $ETHE tradings. Source
• DOT transfers from Polkadot to Acala have been upgraded, now allowing 2-way transfers between the Relay Chain and parachain. Source

Policy & Regulation

• Colorado lawmakers advance bill to study use of security tokens for raising state capital. Source
• Spanish Securities Regulator orders Binance to stop offering cryptocurrency derivatives. Source
• Georgia will unveil new cryptocurrency law by this fall. Source

NFT

• BIG3 pro basketball league partners with MoonPay. Source
• McLaren will launch its first limited edition NFT collection named Genesis Collection. Source
• OpenSea: attack on Discord stopped with less than 10 $ETH lost. Source
• adidas Originals will have a snapshot of ITM NFT holders, or will airdrop virtual merchandise. Source
• Doodles hires former Billboard executive Julian Holguin as CEO. Source
• The hip hop group OutKast has filed 6 new trademark applications for its OUTKAST logo. Source

Fundings

• Web3 infrastructure Cassava Network closed an $8 million private round with participation from Dragonfly Capital and others. Source
• Venture capital firm Global From Day 1 (GD1) launched a $5 million Web3 and crypto-focused venture capital fund to back local startups. Source
• Blockchain game company Irreverent Labs raises $40 million to launch P2E game MechaFightClub. Source