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MANTRA launches RWA savings vault powered by Ondo’s USDY
▫️RWAs are coming on MANTRA
▫️ONDO’s USDY Vault, interest-bearing tokenized note, is launching on MANTRA
▫️Provides exposure to short-term US Treasuries
▫️ONDO’s USDY vault is sitting at 450mn TVL
https://mantrachain.medium.com/mantra-launches-rwa-savings-vault-powered-by-ondos-usdy-3b12d96d81c2
https://x.com/mantra_chain/status/1796619519030358462
U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121, establishing accounting standards for firms that custody crypto.
https://www.theblock.co/post/297885/biden-vetoes-bill-overturning-sab-121-says-standard-necessary-for-crypto-innovation
Uniswap Foundation delays vote for token staking and delegation rewards.
https://x.com/UniswapFND/status/1796590521072119927
https://www.theblock.co/post/297879/uniswap-foundation-delays-vote-for-token-staking-and-delegation-rewards-uni-falls-8-7
Injective has shared the brand new Ninja Masters Referral Program
Ambassadors can now earn rewards by inviting new members and earn more rewards when their referees invite others.
https://injective.xyz/ambassador_referral
https://x.com/injective/status/1796554653330530567
After the Notcoin delayed deposit incident, several executives of Bybit "voluntarily resigned" and publicly recruited new technical and spot managers, according to an internal letter to all employees.
https://x.com/wublockchain/status/1796477324961231207
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Aethir announces ecosystem partners airdrop to Aethir node holders
APhone, CARV, Delabs Games, io.net, Rivalz Network, Zero1 Labs are all conducting airdrops to Aethir Checker Node holders.
https://www.aethir.com/blog-posts/exciting-partnerships-with-aethir-numerous-airdrops-coming-to-our-nodes
A New York jury found Donald Trump guilty on all 34 felony counts of falsifying business records.
https://www.nbcnews.com/politics/donald-trump/donald-trump-verdict-hush-money-trial-rcna152492
SEC told spot Ethereum ETF issuers to get first round of draft S-1 forms in by Friday.
https://www.theblock.co/post/297699/sec-told-spot-ethereum-etf-issuers-to-get-first-round-of-draft-s-1-forms-in-by-friday-sources
A16z donates additional $25 million to pro-crypto political committee Fairshake.
A16z and Ripple have now each plowed nearly $50 million into the industry's shared Fairshake PAC.
https://www.coindesk.com/policy/2024/05/30/a16z-boosts-cryptos-election-fund-by-another-25m-to-seek-friendly-congress/
UPD.
Elon Musk: “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do.”
https://x.com/elonmusk/status/1796211398088810731
Zentry has announced a new strategic round of funding with The Spartan Group, LongHash, Synergis Capital and DWF Labs, along with a number of Angel investors.
https://x.com/ZentryHQ/status/1796191610549453040
Polyhedra Network updates the token ticker from ZK to ZKJ.
https://x.com/PolyhedraZK/status/1796157110469706001
Matter Labs has filed trademark applications in nine countries to claim the term “zero-knowledge”.
https://cointelegraph.com/news/matter-labs-zk-trademark-backlash
Binance Pay has officially integrated Injective (INJ), allowing millions of users globally to make payments and shop using INJ.
https://x.com/injective/status/1795640295305925060
Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs.
https://www.theblock.co/post/297892/franklin-templeton-files-amended-s-1-for-spot-ethereum-etf-lists-0-19-fee
Binance’s founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.
https://www.cnbc.com/2024/05/31/binances-ex-ceo-changpeng-zhao-begins-prison-sentence-in-southern-california.html
The crypto market is neutral
BTC Dominance - 52.23%
Market Cap - $2.55T
BTC - 67,710$ (-1.34%)
ETH - 3,778.99$ (+0.38%)
BNB - 595.3$ (+0.14%)
ARB - 1.12$ (-0.97%)
STRK - 1.17$ (-1.69%)
W - 0.596$ (+4.26%)
https://dropstab.com
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
4,502.9 BTC ($305 million) was stolen from the exchange.
DMM Bitcoin said it will guarantee the full amount stolen.
All spot buys have been temporarily restricted and customers withdrawing yen may face delays.
The BTC price is trading at $67.3k.
https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/
💧 Top Funding Rounds in May
👉 https://dropstab.com/insights/latest-fundraising-rounds
Upbit will list BEAM.
The BEAM price has increased by 30%.
https://upbit.com/service_center/notice
XION has introduced EarnOS
EarnOS is a two-sided marketplace that pairs advertisers with potential customers.
EarnOS is focused on mainstream brand and consumer adoption of Web3 by solving real enterprise advertising problems.
Starting today, brands such as Uber, Baskin Robbins, Sunglass Hut, and The North Face can acquire, reward and engage global customers powered by Chain Abstraction.
https://x.com/burnt_xion/status/1796184851877372084
https://xion.earnos.io
A Pudgy Penguins-themed mobile game will be soft-launched in 2025
Pudgy Penguins’ IP is partnering with game studio Mythical Games to develop a virtual world.
The AAA game will be built on Mythos Chain, a Polkadot-based network.
https://www.theblock.co/post/297726/pudgy-penguins-to-release-mobile-game-in-2025
Babylon has completed a $70M raise led by Paradigm to advance trustless Bitcoin staking.
Investors: Polychain Capital, Bullish, Hashkey, Mantle, Galaxy, and others.
https://x.com/babylon_chain/status/1796171723471258091
The crypto market is neutral
BTC Dominance - 52.52%
Market Cap - $2.57T
BTC - 68,620$ (+0.85%)
ETH - 3,763.6$ (-0.62%)
BNB - 594.3$ (-0.48%)
ARB - 1.13$ (-1.33%)
STRK - 1.19$ (-2.99%)
W - 0.57$ (-4.26%)
STG - 0.7168$ (+44.86%)
https://dropstab.com
Elon Musk and Donald Trump are discussing cryptocurrency policy as the former president increasingly highlights Bitcoin and other digital assets on the campaign trail as a way to reach new voters, according to a person familiar with the talks.
https://www.bloomberg.com/news/articles/2024-05-30/musk-counsels-trump-on-crypto-in-sign-of-billionaire-s-influence
Azuro launches AZUR in June.
Azuro is an all-things infra/liquidity layer for onchain predictions.
https://x.com/azuroprotocol/status/1796159804081045619
Taiko decided to change the token ticker TKO to TAIKO.
https://x.com/taikoxyz/status/1795853675677823059
💧 Bybit Futures Meme Tokens Not Listed on Spot
👉 https://dropstab.com/categories/meme
ARK Invest CEO Cathie Wood said crypto is now a U.S. election issue, which is why key documents for the proposed ether exchange-traded funds (ETF) were approved suddenly and unexpectedly.
Wood also said that while a solana ETF could be approved, meme coin-focused funds are unlikely because wirehouses – the large brokerage firms and investment advisory companies – would not accept more than "the majors."
https://www.coindesk.com/business/2024/05/29/cathie-wood-says-ether-etf-filings-were-approved-because-crypto-is-an-election-issue/