【Link to FM】MetaMask may issue Token, digital artist Beeple’s Twitter account is suspected of being hacked

【Data Intelligence】

The TVL of DeFi projects on the entire network fell from a high of US$250 billion to US$117.5 billion, a drop of more than 50%

According to DefiLlama data, at present, the TVL of DeFi projects on the entire network has dropped from a high of 250 billion US dollars to 117.51 billion US dollars, a drop of more than 50%. Judging from the data, the current value is close to the data in July 2021.

The Ethereum network has currently destroyed more than 2.35 million ETH

According to Ultrasound data, up to now, the Ethereum network has destroyed a total of 2,354,065.62 ETH. Among them, OpenSea destroyed 230,048.15 ETH, ETHtransfers destroyed 219,335.64 ETH, and UniswapV2 destroyed 219,335.70 ETH. Note: Since EIP-1559 was introduced in the upgrade of Ethereum London, the Ethereum network will dynamically adjust the BaseFee of each transaction according to the transaction demand and block size, and this part of the fee will be directly burned and destroyed.

【 Regulatory News 】

Russian appeals court cancels decision to block Tor Project website

A Russian appeals court has overturned a regional court ruling that allowed the blocking of Tor Project websites. Due to illegal acts during the first instance, the case has been sent back to the court of first instance for retrial. According to a decision of the Saratov Regional Court from December 18, 2017, the website of the Tor Project was blocked last December. The appeal court hearing was held online and was attended by Ekaterina Abashina of the Russian Federation's legal team. She said torproject.org should be unblocked now that the district court ruling has been reversed.

Head of Indian crypto app CoinSwitch calls for India to introduce regulations to regulate crypto

CoinSwitch CEO Ashish Singhal said on Sunday that India needs crypto regulations to address regulatory uncertainty, protect investors and drive the industry forward. “Users don’t know what will happen to their assets, the government will ban, not ban,” Singhal said. “Regulations will bring peace, more certainty,” he added. CoinSwitch, reportedly valued at $1.9 billion, said it is the largest crypto firm in India with more than 18 million users.

【Industry Trends】

Ethereum, OpenSea, and LooksRare are among the top three public chains and DAPP revenue rankings in the past 30 days

According to data from Tokenterminal, there is a big difference in the cumulative agreement revenue data of Dapps and public chains in the past 30 days. Ethereum recorded $537 million, ranking first. In second place is OpenSea, which recorded $70 million. In third place is LooksRare, which recorded $34 million. This also means that the NFT trading platform is the most profitable application in the industry. More data shows that the fourth place is taken by Avalanche, and the fifth place is the wallet Metamask. The sixth is the recently popular ENS. This also means that DeFi projects have fallen out of the top five. The top ten shortlisted projects include MakerDAO, Curve and Pancakeswap.

The NFT project Moonbirds is issuing Moonbirds Oddities airdrops to holders

On May 22, the NFT project Moonbirds announced on social media that the Moonbirds project party is issuing Moonbirds Oddities airdrops to its NFT holders. At the same time, users are reminded that the Moonbirds Oddities series NFTs are only issued in the form of airdrops, please do not click on any fraudulent casting links .

Digital artist Beeple's Twitter account suspected of being hacked, pinned phishing link

On May 22, the Twitter account of digital artist Beeple was suspected of being hacked. The lucky draw link in the top tweet was a phishing link, and the tweet comment function is currently closed. Rhythm reminds users to pay attention to the risks and not to click on the links provided by hackers.

SBF donates $16 million to super PACs in April

On May 22, according to Bloomberg, according to documents submitted to the U.S. Federal Election Commission, FTX founder Sam Bankman-Fried (SBF) donated $16 million to super political action committees (Super PACs) in April, becoming such an external One of the largest donors to political groups. In addition, the House Majority PAC (The House Majority PAC) is a super political action committee composed of House Democrats, and SBF became its largest donor in April, providing it with $6 million in funding.

Metaverse App BUD completes USD 36.8 million Series B financing led by Sequoia Capital India

On May 23, Metaverse App BUD announced the completion of USD 36.8 million in Series B financing. This round of financing was led by Sequoia Capital India, and ClearVue Partners, NetEase, Northern Light Venture Capital, GGV Capital, Qiming Venture Partners and Source Code Capital participated. cast. Founded in 2019 by two former Snap engineers, Risa Feng and Shawn Lin, BUD is headquartered in Singapore. The app lets users drag and drop to create spherical 3D characters and interact within their games without any coding skills. BUD said it plans to launch an NFT marketplace to further enhance the user experience.

【Elite Viewpoint】

Zhu Xiaohu: STEPN’s economic model has a chance to work, it may not be Ponzi

Zhu Xiaohu, managing partner of GSR Ventures, posted on WeChat Moments, “On the first day (through the STEPN app), I made $30 from running, but the energy disappeared after a while, and the money for the shoes seems to take 3 months to pay back. StepN’s economic model is well designed, and if you have a chance to run through, it may not be Ponzi, so it’s worth experiencing and learning. It’s a bit like a gym. The money to buy shoes is equivalent to the membership fee of the gym. People who run a lot will lose money in the gym. But most underactive member gyms are making money, and this ratio can be dynamically adjusted.”

Musk: In the competition between fiat currency and cryptocurrency, I support cryptocurrency

On May 22, Elon Musk said on social media that there will be a fierce competition between fiat currencies and cryptocurrencies, and in general, I support cryptocurrencies.

【What to watch today】

MetaMask recruits a product marketing manager, or will issue Token

According to news on May 22, MetaMask is recruiting a product marketing manager. This position is responsible for the planning, development and execution of MetaMask product marketing activities, as well as related product marketing activities, including market and competition analysis, customer case studies, product positioning, and key product advantages. and information transfer. According to previous news in March, ConsenSys CEO Joe Lubin said in an interview with Decrypt that MetaMask will soon launch a decentralized autonomous organization (DAO) and plans to issue Token.

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