blockchain
* Venture capitalists raise capital for blockchain startups, with Paradigm and Pantera Capital leading the way. * Tether plans to invest $1 billion in startups focusing on emerging markets, AI, and biotech. * Avail secures $43 million, Mirror World Labs gets $12 million in funding. * Plural Energy raises $2.33 million for onchain
blockchain
* Wormhole introduces staking for W token holders on Tally Governance Portal. * Stakers can participate in governance decisions for Wormhole DAO and platform. * MultiGov system decentralizes Wormhole across Solana, Ethereum, and EVM L2s. * Wormhole DAO will be the first to adopt MultiGov for cross-chain governance. * W holders can create, vote on,
blockchain
* Carlo D’Angelo: lawyer, former law professor, crypto enthusiast, host of Lex Line podcast. * SEC approved spot Ethereum ETFs, deeming ETH a commodity, shifting oversight to CFTC. * Approval may impact SEC's crypto crackdown, pending lawsuits against Coinbase and Kraken. * ETH ETF decision could limit SEC's regulatory
blockchain
* Linea halted block production after hack, emphasizing need for decentralization. * Hacker exploited Linea-based Velocore, withdrawing over $2.6 million in Ether. * Linea paused sequencer to prevent further fund bridging, highlighting centralization risks. * Gluchowski urges Layer 2 networks to prioritize decentralization to avoid future incidents. * Linea plans to decentralize network, including
blockchain
* Franklin Templeton head sees SEC engagement as necessary for trust and collaboration. * SEC's behavior is changing, with Franklin Templeton noting a positive shift in tone. * Franklin Templeton launched a tokenized money fund after a five-year journey with the SEC. * Bayston compares tokenized money funds to stablecoins, bullish on
bitcoin
* Solana blockchain sees record new addresses and PayPal integration. * LayerZero includes Solana for DeFi, NFTs, and gaming applications. * Concerns over Solana's resilience persist despite network growth. * BlackRock funds invest in own Bitcoin ETF shares. * Semler Scientific adopts Bitcoin as treasury reserve, stock price soars. * Riot Platforms offers $950M
bank
* DBS owns 173,753 ETH worth $647 million, making $200 million profit. * Nansen identifies DBS as an ETH whale, offering crypto services since 2020. * DBS denies owning the wallet, potentially holding assets for investors. * DBS's crypto division saw significant growth in trading volume and services. * DBS supports major
blockchain
* Solana community votes to give validators 100% of priority fees, passing by 77% margin. * Previously, priority fees were split between validators and token-burning mechanism. * Solana token price reaches $171, facing congestion issues and network crashes. * Network experienced crashes in 2021, 2023, and faced congestion due to high traffic. * Developers promise
blockchain
* Sphere Labs introduces Telegram fiat on-ramp, off-ramp for bank-to-wallet transactions. * Service offers 0.1% fee per transaction for early users, launching May 27. * Users from non-sanctioned countries must link to USD or euro bank account. * Telegram hosts various crypto bots and apps, fostering blockchain ecosystem. * Telegram Open Network (TON) central
ai
* NEAR Protocol launches NEAR AI lab led by Illia Polosukhin for decentralized AI research. * NEAR Foundation invests in AI projects to position itself in the evolving AI landscape. * Challenges in global open AI development highlighted by legal dispute between Musk and Open AI. * NEAR aims to democratize AI with decentralized
banking
In a recent podcast, Hilary Allen, a law professor at American University, expressed concerns about stablecoins, describing them as a threat to the banking system and the public. She believes that stablecoins could destabilize banks and potentially require a government bailout. These comments come as there is a push in
agricultural
Euclid, a Nibiru-powered Web3 start-up, has emerged from stealth with a decentralized unified cross-chain liquidity infrastructure. The company recently raised $600,000 in a pre-seed funding round, which will be used for development, audits, marketing, and business development. Euclid aims to achieve liquidity unification by creating a single source-of-truth ledger