khosoo (@khosoo) • Hey
Research
Publications
- **Kyber Network has updated its product roadmap for 2024 – 2025**
<https://blog.kyberswap.com/kyber-network-product-roadmap-2024-2025/>
- MANTRA launches RWA savings vault powered by Ondo’s USDY
<https://mantrachain.medium.com/mantra-launches-rwa-savings-vault-powered-by-ondos-usdy-3b12d96d81c2>
<https://x.com/mantra_chain/status/1796619519030358462>
- 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-fee53314:44>
- 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-innovation80614:28>
- 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>
- Uniswap Foundation delays vote for token staking and delegation rewards.
<https://x.com/UniswapFND/status/1796590521072119927https://www.theblock.co/post/297879/uniswap-foundation-delays-vote-for-token-staking-and-delegation-rewards-uni-falls-8-7>
- 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>
- Japanese Crypto Exchange DMM Bitcoin Suffers $ 305M Hack
<https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/>
- **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/179655465333053056733323:56>
- XION has introduced EarnOS
EarnOS is a two-sided marketplace that pairs advertisers with potential customers.
<https://x.com/burnt_xion/status/1796184851877372084> https://xion.earnos.io52513:14
- 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>
- **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>
- 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>
- 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/179617172347125809195712:12>
- 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/1K12:05>
- 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/17961916105494530402,2K00:35>
- 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>
- 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/17962113980888107312,5K01:25>
- Azuro launches AZUR in June.
Azuro is an all-things infra/liquidity layer for onchain predictions.
<https://x.com/azuroprotocol/status/1796159804081045619>
- Polyhedra Network updates the token ticker from ZK to ZKJ.
<https://x.com/PolyhedraZK/status/179615711046970600192222:55>
- Taiko decided to change the token ticker TKO to TAIKO.
<https://x.com/taikoxyz/status/179585367567782305998322:49>
- Matter Labs has filed trademark applications in nine countries to claim the term “zero-knowledge”.
<https://cointelegraph.com/news/matter-labs-zk-trademark-backlash>
- 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>
- 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>
- 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.
<https://www.coindesk.com/business/2024/05/29/cathie-wood-says-ether-etf-filings-were-approved-because-crypto-is-an-election-issue/>
- Binance Pay has officially integrated Injective (INJ), allowing millions of users globally to make payments and shop using INJ.
<https://x.com/injective/status/179564029530592506086213:47>
- BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures.
<https://www.theblock.co/post/297499/blackrock-files-amended-s-1-registration-statement-for-upcoming-ethereum-etf-with-more-disclosures>
- 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.
<https://coinlist.co/tap>
- 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.
<https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024>
- Fidelity’s spot ether ETF appears on DTCC under ticker FETH. <https://www.dtcc.com/charts/exchange-traded-funds19312:55>
- 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. <https://www.coindesk.com/business/2024/05/29/web3-digital-identity-network-galxe-crafts-own-layer-1-blockchain-gravity/>
- Proposal for Hashdex's Ethereum ETF has been withdrawn. <https://www.theblock.co/post/297430/proposal-for-hashdexs-ethereum-etf-has-been-withdrawn>
- Rumours: CME has no plans to offer Solana futures. <https://x.com/tier10k/status/179589030098182144315312:33>
- 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/17958222971752042802,4K00:44>
**Unread Messages**
- 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>
- Tether has blacklisted the address with 3.5m USDT <https://x.com/peckshieldalert/status/17957034811621828011,6K16:11>
- BlackRock surpassed Grayscale, and is now the largest BTC ETF, holding 288,671 BTC <https://x.com/vetlelunde/status/17956922216661115792,4K14:59>
- **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-fees53912:14>
- 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-sentencing79312:01>
- **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/1795467499275767920https://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/17954473970084825822,6K01:34>
- 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.
<https://x.com/kyle_chasse/status/1795411125359587413>
- LayerZero sybil wallets with ENS domains “ruslan002, ruslan003, ruslan004” became the subject of memes.
<https://x.com/PrimordialAA/status/1795451470336168000>
- **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.
<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-goxhttps://www.blockchain.com/en/explorer/addresses/btc/1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6>
- Polyhedra (ZK) staking is launching on June 10th.
<https://x.com/polyhedrazk/status/1795243833988690089>
- Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption.<https://cryptonews.com/news/argentinian-regulators-talk-bitcoin-with-el-salvador-authorities.htm>