What Happened on May. 11th | Upcoming Projects on Cosmos

1) Native $USDC: Native USDC will finally come to Cosmos via @noble_xyz. Stablecoins are crypto's killer app and fuel the majority of all on-chain activity. Native $USDC will be issued on Noble chain and flow around the Cosmos using IBC.

2) dYdX v4 launch on Cosmos as a app-chain. As one of the most successful DEX, dYdX will bring a lot of new users and liquidity to the Cosmos, and could act as an example for others who may want to build out customized app-chain in Cosmos.

3) Neutron Launch: Neutron is the first generalized, permissionless, cosmwasm smart contract chain secured by the Cosmos Hub. (i.e. $ATOM). The project is built by @P2Pvalidator team, who are founders and core contributors to Lido Finance.

4) Sei Launch: Sei is also a permissionless smart contract chain, but unlike Neutron, it will have its own validators instead of using $ATOM as security. Sei aims to be the fastest Layer 1 , competing with likes of Aptos and Sui.

5) Metamask snaps: Cosmos users now need to use Cosmos specific wallets. Some Cosmos contributors are now working on a function called Metamask snaps which will allow users to sign Cosmos transactions with their Metamask wallets. This will dramatically lower the entry barrier for Cosmos new users.

Biggest Gainers & Losers

Headlines

BisoSwap - AMM Marketplace for BRC-20

Crypto Market Insights 2023Q1

US IRS Files $44B Claims against FTX and Its Subsidiaries: The US Internal Revenue Service (IRS) filed 45 claims worth $44 billion against bankrupt FTX and its subsidiaries on April 27th and 28th, Kroll's website shows, which is FTX's claims agent.

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Fundraising

Perpetuals Protocol Rage Trade Receives Investment from OKX Ventures

NFT Subscription Platform MintStars Closes $600,000 Funding Round Led by Polygon Labs and SpankChain

Web3 Crowdfunding Platform Artizen Closes $2.2 Million Funding Round with Animoca Brands Involved