【Data Intelligence】
In the last week, 231,100 NFT assets were added to the Ethereum network
According to NFTScan data, in the last week, 1,617,700 NFT assets were added to the Ethereum network, and an average of 231,100 NFT assets were minted every day.
STEPN newly minted 63,952 pairs of shoes in the past 7 days
According to data on the Dune chain, the MovetoEarn app STEPN has newly minted 9,249 pairs of shoes in the past 24 hours, and 63,952 pairs of shoes in the past 7 days; the number of active users in the past 24 hours is 22,545, and the number of active users in the past 7 days is 139,652.
【 Regulatory News 】
Former BitMEX CEO Arthur Hayes Sentenced to 6 Months of Home Confinement and 2 Years of Probation
The U.S. District Court for the Southern District of New York on Friday sentenced formerBitMEX CEO Arthur Hayes to six months of home confinement and location monitoring, probation for two years. Hayes pleaded guilty in February to violations of anti-money laundering (AML) regulations and the US Bank Secrecy Act (BSA). Hayes, who lives in Singapore, will be allowed 30 days to choose where in the United States he will be placed under home confinement. In addition, the court judge agreed that upon successful completion of his home detention period, he will be able to travel abroad and speak with a probation officer via video if necessary. Hayes' plea deal with the government earlier this year outlined a sentencing guideline of six to 12 months in prison, and the charges he faces carry a maximum penalty of 10 years in prison. But because Hayes was a first-time offender and had a long history of charity work, the Probation Service recommended two years of probation and no jail time.
【Industry Trends】
Azuki will airdrop limited edition Azuki Twin Tigers physical jackets to holders in exchange for NFT
On May 21, Azuki officially posted on social media that Azuki will airdrop a special NFT for each Azuki NFT holder, which can be used to exchange for a limited edition Azuki Twin Tigers physical jacket. According to officials, the Azuki Twin Tigers jacket was inspired by the "Sukajan" jacket, which combines American and Japanese street culture. The suggested retail price of the Azuki Twin Tigers jacket is $2,000.
During UST and Luna crashes, more than $1 billion was liquidated on Anchor
Terra-based lending protocol Anchor suffered more than $1 billion in liquidations last week, the largest liquidation event for a single protocol, and it coincided with the collapse of UST and Luna. According to The Block’s data dashboard, $1.048 billion in pledged crypto collateral deposited by borrowers on Anchor was liquidated on the platform between May 7 and May 12. During this period, the liquidation amount of Luna (LUNA) on Anchor exceeded 750 million US dollars, accounting for nearly 75%. The liquidation amount of Avalanche (AVAX) was 261 million US dollars, and the rest of the liquidation amount was distributed among ETH, SOL, and ATOM. It is understood that the last time such a large-scale liquidation event occurred was a year ago. At the time, Compound and Aave had liquidated a combined $633 million amid a general market crash.
Cross-chain bridge Wormhole pays $10 million bug bounty to white hat hacker satya0x
Wormhole, a cross-chain bridge,posted a blog today saying that on February 24, a white-hat hacker with the alias satya0x disclosed a serious loophole in the core bridge contract of Ethereum Wormhole. To prevent potential lock-up of user funds. Wormhole verified and fixed the issue the same day it was reported, without any loss of user funds. For this, Wormhole paid satya0x a record-setting $10 million bug bounty.
Decentralized Internet service provider Wayru completes about $2 million in seed round financing
Decentralized Internet service provider Wayru has completed a $1.96 million seed round led by Borderless Capital, which will be used for the company's working capital needs and marketing costs in 2023. Wayru intends to build a decentralized Internet service where platform users can set up nodes using commercial WiFi equipment and attract other users to connect to the node's network area, ultimately providing a low-cost WiFi alternative for underserved areas.
Multi-signature wallet Gnosis Safe has completed user airdrop snapshot
On May 21, Lukas Schor, the product manager of the Gnosis team, posted on social media that the multi-signature wallet Gnosis Safe has completed the Token airdrop snapshot to historical users. According to previous news, Gnosis Safe will be split from Gnosis Ltd., and SafeDAO will be established to manage the Gnosis Safe ecosystem and infrastructure by issuing SAFE Token. The total amount of SAFE is 1 billion pieces, minted by the SAFE Foundation.
【Elite Viewpoint】
Galaxy Digital founder Mike Novogratz: Buying the bottom is dangerous
On May 20, Mike Novogratz, the founder of Galaxy Digital, a well-known encryption investment institution, stated on his social networking site that the current altcoin (Alts) has fallen by more than 80% from its high point, while the decline in 2017 was 95%. “My point is that bottom-buying is dangerous, especially if you’re slowly scaling.”
Bloomberg: UK Financial Regulators and Treasury to Review Terra's Debacle and Create New Rules for Crypto Assets
On May 20, according to Bloomberg News, the British financial regulator and its Ministry of Finance will review the collapse of the Terra ecosystem's encrypted Token, and at the same time formulate new rules for encrypted assets. Sarah Pritchard, executive director of the U.K.'s Financial Conduct Authority (FCA), said the recent instability in the stablecoin market "absolutely needs to be taken into account" when the authority sets rules later this year.
【What to watch today】
OpenSea Launches a New Market Protocol Seaport Protocol
The NFT market OpenSea announced on Friday the launch of a new Web3 market protocol Seaport Protocol, which is used to buy and sell NFT safely and efficiently. OpenSea said, "Seaport's core smart contract is open source and decentralized in nature. Upgradability and other features". Unlike some platforms that can only exchange cryptocurrencies for NFTs, the Seaport protocol allows users to obtain NFTs in a series of new ways. Bidders (or offerers) can bundle different assets (such as offering ETH/ERC20/ERC721/ERC1155 items) in exchange for NFT. For example, suppose a user owns a Doodle NFT of 40ETH but wants to trade a BAYC NFT of 100ETH. The user can bid with the Doodle NFT he owns and 60ETH. OpenSea said it does not control or operate the Seaport protocol, and partnered with code4rena to start a two-week protocol audit competition with a $1 million prize pool.
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All the latest information
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Aaron