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Web3 infrastructure and digital credential network Galxe (GAL) said that it is crafting its own layer-1 smart contract platform called Gravity and will migrate all its products to the new blockchain.
The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025.
Galxe Passport, which has nearly 1 million users, will be moved from BNB Chain (BNB) to Gravity, while the Galxe Score contract will migrate from Polygon (MATIC) to the new chain.
https://www.coindesk.com/business/2024/05/29/web3-digital-identity-network-galxe-crafts-own-layer-1-blockchain-gravity/
Rumours: CME has no plans to offer Solana futures.
https://x.com/tier10k/status/1795890300981821443
Crypto exchange Gemini announced that it will return $2.18 billion to users of the Earn program, which it paused withdrawals for in November 2022.
https://www.cnbc.com/2024/05/29/winklevoss-crypto-exchange-gemini-returns-2point2-billion-to-users.html
Helix 2.0 is here
Helix is a decentralized exchange on Injective.
https://helixapp.com
https://x.com/HelixApp_/status/1795822297175204280
Binance has announced the launch of Forever Worldwide: The Road to Saudi Arabia — the fourth collection in its NFT partnership with footballing icon, Cristiano Ronaldo
▫️This NFT collection will be available only on the Binance NFT Marketplace.
▫️Campaign Period: 2024-05-29 08:00 UTC to 2024-07-15 23:59 UTC
▫️Sale Period: 2024-05-29 08:00 UTC to 2024-06-18 23:59:59 UTC
https://www.binance.com/en/support/announcement/binance-launches-the-forever-worldwide-the-road-to-saudi-arabia-nft-collection-with-cristiano-ronaldo-9dbf893ffbea42a089a4d7de104fc6d5
Tether has blacklisted the address with 3.5m USDT
https://x.com/peckshieldalert/status/1795703481162182801
Judge dismisses Debt Box case, orders SEC to pay $1.8M in fees
The judge cited a March ruling in which a court found the SEC “engaged in bad faith conduct” over a temporary restraining order to freeze Debt Box’s assets.
https://cointelegraph.com/news/judge-order-debt-box-sec-fees
The Sei Foundation’s Airdrop #2 results
The snapshot has already taken.
The Sei Foundation’s Airdrop #2 distributes 27,421,200 SEI ($14.5 mln) to 43,052 unique addresses to reward power users of Sei Mainnet since launch.
Checker: https://airdrop.sei.io
https://blog.sei.io/the-sei-community-airdrop/
DWF Labs plans to invest in several meme coins.
After the tweet, the company transferred $5 million to the developers of LADYS.
https://x.com/ag_dwf/status/1795467499275767920
https://etherscan.io/address/0xeffbf8efec0d5bc9680a5db41bd3eb9f2b248598#tokentxns
Clearpool has launched the T-Pool for Hex Trust’s new stablecoin USDX on Flare.
https://medium.com/clearpool-finance/usdx-t-pool-is-now-live-on-flare-c2f714c42efd
https://x.com/ClearpoolFin/status/1795447397008482582
LayerZero sybil wallets with ENS domains “ruslan002, ruslan003, ruslan004” became the subject of memes.
https://x.com/PrimordialAA/status/1795451470336168000
Mark Karpeles (former CEO of Mt.Gox): “As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening.”
https://x.com/MagicalTux/status/1795384525503222021
Polyhedra (ZK) staking is launching on June 10th.
https://x.com/polyhedrazk/status/1795243833988690089
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption.
https://cryptonews.com/news/argentinian-regulators-talk-bitcoin-with-el-salvador-authorities.htm
💧 Top Memecoins Overview
👉 https://dropstab.com/categories/meme
Proposal for Hashdex's Ethereum ETF has been withdrawn.
https://www.theblock.co/post/297430/proposal-for-hashdexs-ethereum-etf-has-been-withdrawn
Telegram Wallet: “Your Wallet Services will soon be provided by a different company. This change is part of our ongoing efforts to provide better quality services to you.
New Service Provider
From 30th May, 2024 Wallet Services will be provided by WOT Global Solution Ltd.
Data Transfer Consent
By continuing to use Wallet, you agree to the transfer of your personal data to WOT Global Solution Ltd. This transfer will include all data you provided to us and information collected while you were using Wallet in accordance with the Privacy Policy. This includes your name, address, phone number, transaction data, and any other data we may have on you.
New User Agreement
By continuing to use Wallet after this notice, you agree to the new Wallet User Agreement when it becomes effective. We encourage you to review these new terms carefully.
Opt-out
If you prefer not to accept these changes, you may choose to cease your use of Wallet, withdraw your balance, and delete your Wallet account.
If you do not delete your Wallet account by 20th May, 2024, we will assume you have agreed to the data transfer and will continue using Wallet Services as provided by WOT Global Solution Ltd.”
https://wallet.tg/updates_notice.pdf
The crypto market is down
BTC Dominance - 52.1%
Market Cap - $2.57T
BTC - 68130$ (-0.93%)
ETH - 3788.78$ (-1.79%)
BNB - 597.7$ (-0.71%)
ARB - 1.15$ (-3.76%)
STRK - 1.23$ (-1.49%)
W - 0.595$ (-2.56%)
https://dropstab.com
PayPal’s (PYPL) stablecoin PYUSD is coming to Solana almost a year after first debuting on the Ethereum blockchain.
https://www.coindesk.com/business/2024/05/29/paypal-makes-retail-stablecoin-play-with-pyusd-on-solana/
Ripple donates additional $25 million to pro-crypto political committee Fairshake.
https://www.theblock.co/post/297258/ripple-25-million-to-fairshake
BlackRock surpassed Grayscale, and is now the largest BTC ETF, holding 288,671 BTC
https://x.com/vetlelunde/status/1795692221666111579
Former FTX executive Ryan Salame sentenced to 7.5 years in prison.
https://www.bloomberg.com/news/articles/2024-05-28/first-of-bankman-fried-s-ftx-lieutenants-faces-sentencing
The crypto market is neutral
BTC Dominance - 51.94%
Market Cap - $2.61T
BTC - 68768.67$ (+1.23%)
ETH - 3849.25$ (+0.1%)
BNB - 602.3$ (+0.91%)
ARB - 1.19$ (+0.47%)
STRK - 1.24$ (-0.63%)
W - 0.605$ (+1.66%)
https://dropstab.com
The Base account was hacked on Twitter.
https://x.com/base/status/1795495633278935499
Bitcoin Magazine: Trump Explores Bitcoin to Address U.S. National Debt
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency advisor for the Trump campaign, has revealed that Trump inquired about leveraging Bitcoin to solve the U.S. national debt issue.
The Bitcoin Magazine team is currently advising Trump on formulating a Bitcoin-friendly and cryptocurrency-friendly policy.
https://x.com/kyle_chasse/status/1795411125359587413
Russian Firms Turn to Crypto for China Commodities Trade
Russian commodities firms struggling to execute financial transactions with Chinese counterparts have started tapping a new method for settling deals — stablecoins.
At least two top metals producers, both of which are unsanctioned, have begun to use Tether Holdings Ltd.’s stablecoin and some other cryptocurrencies to settle some of their cross-border transactions with mostly Chinese clients and suppliers, top executives at the companies said, declining to be identified as the information isn’t public. In some cases, the settlements go through Hong Kong.
https://www.bloomberg.com/news/articles/2024-05-28/russian-firms-turn-to-crypto-for-commodities-trade-with-china
107,547 BTC (~$7.2bn) was transferred from MtGox wallets to an unknown address.
https://platform.arkhamintelligence.com/explorer/entity/mt-gox
https://www.blockchain.com/en/explorer/addresses/btc/1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6
Robert Kiyosaki: “BIGGEST LIE financial planners tell gullible, mom and pop investors: The lie is: “Bonds are safe.” Millions of even so-called “sophisticated” investors will take losses when so-called AAA bonds crash when commercial real estate crashes. The once glamorous office real estate market cannot make loan payments which will take down so-called “sophisticated “ investors when AAA bonds crash. As they say in Hawaii: “Aloha.” Best get into safer real assets such as gold, silver, and. Bitcoin before their prices explode. Aloha.”
https://x.com/theRealKiyosaki/status/1794753029905793068
Taiko protocol has been deployed on Ethereum mainnet.
The token will be launched in a few weeks.
https://x.com/taikoxyz/status/1795078728768483464
Arkham: Donald Trump has more than $10 million on his balance sheet
https://platform.arkhamintelligence.com/explorer/entity/donald-trump