headlines

headlines

FatMan, a member of the Terra Research Forum, tweeted that according to an insider close to Terraform Labs (TFL), Do Kwon is working on a design plan for a new decentralized stablecoin, which will be built on the Terra 2 network. According to previous news, on May 28, FatMan stated that there are long-term loopholes in the Mirror contract of Terraform Labs’ synthetic asset agreement, and the loss may exceed 30 million US dollars within 7 months.

The WETH offer on OpenSea may expose users to the risk of fund theft

Twitter KOL Hydraze reminded users to be careful of WETH quotations on OpenSea. Once users accept the quotation, the funds in the wallet may be stolen. Scammers will even airdrop NFT to the target address first, and then give an offer of 1-2 ETH.

cryptocurrency

cryptocurrency

CoinShares Loses $21.4 Million in UST Crash

Crypto asset management company CoinShares released its 2021 annual report on Monday. The report showed an "unusual" loss of 17 million pounds ($21.4 million) on its investment exposure to UST. “We booked an unusual £17m loss in DeFi activity liquidating UST positions,” the firm’s chief executive, Jean-Marie Mignetti, said in the report, adding that it was a “humiliating lesson.” (CoinDesk)

Data: SHIB transactions slip to 14-month low in May

In May, the total number of SHIB transactions was 207,647, a 14-month low, according to blockchain analytics site bloxy.info. Between January 2022 and May 2022, the number of transactions plummeted by more than 26%. The 14-month all-time high was 1.38 million in October last year, at the peak of the cryptocurrency bull market. (Finbold)

The stablecoin DEI issued by DEUS Finance is seriously de-anchored, and the current price has dropped to $0.43

The stablecoin DEI issued by DEUS Finance, a derivatives agreement based on Fantom, has been severely de-anchored. The current price has dropped to 0.43 US dollars, and the lowest today is about 0.37 US dollars. Tonight, DEUS Finance tweeted that the current total DEI redemption volume exceeds 12 million. In March and April this year, DEUS Finance was attacked twice, losing tokens worth $3 million and $13.4 million.

Optimism governance token OP will be listed on multiple centralized exchanges soon

According to multiple announcements from third parties, Optimism’s upcoming governance token OP may be launched today and will be listed on centralized exchanges. Several exchanges, including OKX, LBank, MEXC, and AAX, have made official announcements announcing plans to list OP tokens at various times later today. As of now Optimism has not issued an official statement. (The Block)

On-chain data from CryptoQuant shows that since the fourth quarter of 2020, the amount of bitcoin held by institutional clients on Coinbase Custody has increased by 296%, indicating that although the price of bitcoin has fallen by more than 50% from its all-time high, most investors Or decide to hold their investment. According to data provided by CryptoQuant, in December 2020, when BTC/USD was around $23,000, the institution that deposited 10,939 BTC (about $335 million at today’s prices) with Coinbase Custody has not moved funds since then . (Cointelegraph)

secondary title

Blockchain industry

Xinhua County's "blockchain + real estate" transaction tax payment platform was officially launched. Loudi City, Hunan Province is one of the four national pilot cities for the State Administration of Taxation's "Blockchain + Real Estate Tax Service". It has built the most mature real estate blockchain information sharing platform in China. Remarkable results. (red net)

GameFi and NFTs

GameFi and NFTs

Investment and Financing

Investment and Financing

NFT metaverse game Kryptomon completes $10 million financing, led by NFX

The NFT metaverse game Kryptomon announced the completion of a $10 million private equity round of financing, led by NFX, with participation from PLAYSTUDIOS, Griffin Gaming Partners, Tal Ventures, and former Citigroup CEO Vikram Pandit. It is reported that Kryptomon is an NFT Metaverse game that includes elements such as Pokémon, Cryptokitties and Tamagotchi. (Cryptonews)

Digital asset solution provider Tritum completes $1.1 million in seed round financing, Loopring and others participate

Tritum, a digital asset solutions provider, announced the completion of a $1.1 million seed round of financing, with participation from Blue Node Capital, Nabais Capital, Loopring, and some private investors. The new financing was used to build credit and custody products as well as Web3 data and complex derivatives. It is reported that Tritum currently provides high-frequency proprietary trading services and operates Blocktane, a global cryptocurrency trading platform. (Globe Newswire)

Blockchain data sharing platform Vendia completes $30 million Series B financing, led by NewView Capital

Vendia, an enterprise-level blockchain data sharing platform, announced the completion of a US$30 million Series B financing led by NewView Capital, with participation from Neotribe Ventures, Canvas Ventures, Sorenson Capital, Aspenwood Ventures and BMW iVentures. So far, the company’s total financing has reached US$50 million . The company recently launched a new product line around CRM data sharing. Based on blockchain technology, Vendia is committed to enabling enterprise customers to provide their users with an immutable serverless ledger to ensure data accuracy, provenance and traceability. (TechCrunch)

Metaverse Game Chibi Clash Completes $3 Million Private Equity Financing, Alliance and Others Participate

Web3 metaverse game Chibi Clash announced the completion of a $3 million private equity round of financing, with participation from Alliance, Genblock Capital, and Jump Capital. It is reported that Chibi Clash is building a Web3 game world centered on the flagship car fighting game. The game adopts the gameplay of "Hearthstone" and the art style of "Adventure Island". Players can use NFT to unlock weapon upgrades. (U. Today)

Pictoria, an AI VTuber company, completed 120 million yen in financing, and Mask Network and others participated in the investment

Pictoria, an AI VTuber company, announced the completion of 120 million yen in financing, with participation from Hash Global, Mask Network, Skyland Ventures, XTech Ventures, and Japanese fencer Yuki Ota. Pictoria will use the funds to develop NFT business, and will release the NFT project NEN in June this year. In the future, the company also plans to create other original IPs using NFTs or tokens. (New economy)

Decentralized retail service provider BetaStore completed $2.5 million in financing, 500 Global and others participated in the investment

BetaStore, a decentralized retail service provider, announced the completion of a $2.5 million Pre-A round of financing, with participation from 500 Global, VestedWorld and Loyal VC. The company has raised a total of $3 million to date. It is reported that BetaStore hopes to decentralize retail products and services, so that more small retailers can participate in the supply chain, and help them repay loans, deposit operating funds, send, receive and save funds through the BetaStore wallet. (Techeconomy)

global regulation

global regulation

European Parliament to vote on crypto transaction reporting regime in coming weeks
The European Union will soon decide whether to approve a proposal that could force crypto firms to collect sender and receiver data in transactions. The "travel rule" requires banks and payment companies to save information that "travels" between sender and payee. The travel rule states that every financial transaction over €1,000 should be reported to the financial authorities.

However, the European Parliament is about to vote to expand the scope of the travel rule for cryptocurrency companies. Voting is planned for the next few weeks. While this was hailed as a victory for anti-money laundering (AML), the new proposal aims to remove the reporting threshold. If the proposal passes, exchanges would be required to report all crypto transactions, even those as low as 5 euros. (BeInCrypto)

UK Treasury Publishes Consultation Paper and Proposes Measures to Reduce Risk for Stablecoin Investors

Following the recent crash of algorithmic stablecoin TerraUSD (UST), the UK Treasury (HM Treasury) has released a consultation paper outlining strategies to mitigate risk for investors holding stablecoins. The U.K. Treasury has proposed amending the existing Financial Market Infrastructure Special Regulation (FMI SAR) to give the Bank of England the power to appoint an administrator to oversee the insolvency of failed stablecoin issuers. (CoinDesk)

Singapore's Deputy Prime Minister Heng Swee Keat issued a statement on Tuesday that the Monetary Authority of Singapore (MAS)'s "Project Guardian" (Project Guardian) in cooperation with the financial industry will test the feasibility of asset tokenization and DeFi applications, while trying to manage financial stability. and integrity risks. The program aims to develop and experiment with use cases in the areas of open interoperable networks, trust anchors, institutional-grade DeFi protocols, and more. (Bloomberg)

character * voice

character * voice

Soros Fund Management CEO: Ethereum May Be More Popular Than Bitcoin