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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
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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
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/
💧 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/
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