Gitcoin is shutting down its PGN - Public Goods Network.
The deadline to withdraw funds is 30 June.
https://gov.gitcoin.co/t/announcing-the-spin-down-of-pgn-eol-june-2024/17430
BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures.
Bloomberg ETF analyst Eric Balchunas called BlackRock’s amended S-1 a “good sign,” in a post on X, and the ETF will launch on July 4th.
https://www.theblock.co/post/297499/blackrock-files-amended-s-1-registration-statement-for-upcoming-ethereum-etf-with-more-disclosures
President Joe Biden’s re-election campaign has begun reaching out to crypto industry players over the past two weeks for guidance on “crypto community and policy,” sources told The Block.
The new outreach efforts come shortly after the Biden administration faced backlash for signaling it would veto an alleged anti-crypto bill.
https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024
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
US Treasury report outlines potential financial risks of NFTs
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.
https://cointelegraph.com/news/us-treasury-report-potential-financial-risks-of-nfts
CoinList has announced the TAP token launch
TAP is the token of TAP Protocol, an OrdFi enabling protocol for Bitcoin Ordinals.
The purchase period begins on May 29, 2024 at 17:00 UTC and ends on June 5, at 17:00 UTC.
Supply: 1,575,000 TAP tokens (7.5% of the total supply)
Price: $3.57
Lockup & Release: 10% unlocks at TGE, followed by a 12-month linear release. Token exchange listing is expected to occur on or around June 28, 2024
Initial Purchase Limits: $100.00 minimum, $2,500.00 maximum (USDT/USDC only)
https://coinlist.co/tap
Fidelity’s spot ether ETF appears on DTCC under ticker FETH.
https://www.dtcc.com/charts/exchange-traded-funds
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