Developments
Kucoin Founders Charged Under Anti-Money Laundering Laws
Two of Kucoin’s founders have been charged with violating anti money laundering laws under the bank secrecy act.
SWIFT to Launch CBDC Platform Within 24 Months
SWIFT is planning to launch a CBDC platform in the next 12-24 months.
Metaplex Announces More Affordable NFT Standard and MPLX Token Strategy
Metaplex introduced Metaplex Core, a cheaper to mint NFT standard for Solana that also simplifies the developer experience. Additionally, the Metaplex Foundation announced it will be using 50% of Metaplex protocols revenues to buy MPLX tokens for the Metaplex DAO.
Optimism Foundation Plans $3.3 Billion in Grants for 2024
The Optimism Foundation has allocated 850 million OP ($3.3 billion) for grants within the Optimism Collective and Superchain across four rounds in 2024, beginning in May.
Solana's USDC Dominance Among Users Revealed
70% of Solana users exclusively use USDC, 19.5% USDT and 10.4% both.
A16z Crypto Startup Accelerator Spring 2024 Cohort
A16z’s crypto startup accelerator for spring 2024 launches with 25 companies selected.
Hong Kong to Simplify Bitcoin ETF Transactions
“Hong Kong aims to enable in-kind creations and redemptions for spot Bitcoin ETFs in the second quarter” according to cointelegraph.
BadgerDAO and Lido Launch Synthetic BTC Token, eBTC
In partnership with Lido, BadgerDAO has launched eBTC, a stETH backed synthetic BTC token.
USDT Trades at Discount in Philippines Following Binance Block
USDT on Binance’s p2p service was trading at a 7% discount as users from the Philippines rushed to offramp following the Philippines decision to block local access to Binance.
Angle Protocol Launches Real World Asset Backed Stablecoin, USDA
Angle protocol introduces USDA, a yield bearing, real world asset backed stablecoin.
Reya Labs Secures $10 Million for Trading-Optimized Layer 2 Network
Reya Labs, a to be launched trading-optimised modular L2, raised $10 million in a funding round led by Framework Ventures.
TrueFi Unveils TRI, a New Dollar-Based Token
TrueFi introduced TRI, a dollar based token backed by real world assets like the tfBill token (a on–chain short-term treasury bills token).
Portugal Temporarily Halts Worldcoin's Data Collection
Portugal’s data regulators have banned Worldcoin from collecting data for 90 days.
Stacks Launches Nakamoto Testnet
Stacks’ Nakamoto Testnet is here.
CCTP on Solana
Circle launched CCTP (Cross-Chain-Transfer-Protocol) on Solana.
Akash Marketplace Spending ATH
Money spent via Akash’s marketplace reached an all-time high of $2.86k today. It has increased by 37.09x since Aug 2023.
Trending Assets
Below $100M MC by performance, on chain
PAPER has increased by 105%, RAM by 101%, and ANGLE by 78.81%.
Above $100M MC by performance, on chain
Base season continues, AERO is up by 24.26%. PANDORA (NFT-to-Token) is up by 22%, and VELO is up by 20.62%.
Above $1B MC by performance, on chain
BEAM is up by 7.9%, FET has risen by 6.3%, and MNT by 6.16%.
Trading Volumes
TVL
TVL Above $10M
Over the past day:
Thruster V3, a DEX on Blast, TVL grew by 433%.
Suilend, a lending protocol on Sui, TVL grew by 97.27%.
Particle, a levered trading protocol on Blast, TVL grew by 63.08%.
Fees
Ethereum fees earned are up by 37.66%, Solana fees earned are up by 27.2%, and PancakeSwap AMM fees earned are up by 167.26%.
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