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Crypto Morning Briefing: Alibaba Cloud Builds Metaverse Launchpad on Avalanche

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Arbitrum’s Chronos Reaches $217M TVL With Staking, Becomes 8th Largest DEX

Arbitrum's Chronos platform has reached a total value locked (TVL) of $217 million, and has become the 8th largest decentralized exchange (DEX) by trading volume. Chronos is a decentralized platform built on the Arbitrum network, which enables users to stake their assets and earn rewards in return.

Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains

The decentralized exchange (DEX) SushiSwap has launched its version 3 (V3) liquidity pools on 13 different blockchain networks. The V3 pools enable users to earn rewards by providing liquidity to the exchange, while also offering improved liquidity and trading options.

Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service

Global crypto giant Coinbase has announced plans to shutter its loan services.  Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers. The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous evaluation of its products.

Alibaba Cloud Builds Metaverse Launchpad on Avalanche

The cloud division of Chinese tech behemoth Alibaba (BABA) has built a launchpad for businesses to deploy metaverses on the Avalanche blockchain.

Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials

Deloitte, one of the world’s largest accounting firms, is integrating the KILT blockchain, a Polkadot parachain focusing on decentralized identities and verifiable credentials, Polkadot announced on May 4.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $28,864.47 USD, dropped by 0.34% in the last 24 hours;

ETH’s live price is $1,875.49 USD, dropped by 0.92% in the last 24 hours;

BNB’s live price is $323.83 USD, dropped by 0.79% in the last 24 hours;

XRP's live price is $0.45 USD, dropped by 0.81% in the last 24 hours.

Fundraising News

ZkLink Raises $10M in Funding Round with Backing from Coinbase Ventures

ZkLink, an infrastructure layer that enables easier trading of assets across blockchains, has raised $10 million in a strategic funding round from investors including Coinbase Ventures. The funding will help drive zkLink towards its mainnet launch in Q3.

Alchemy Ventures Backs $4M Round for NFT Platform Vibe

Vibe, a new NFT-to-product platform that enables creatives to customize and manage their tokens, has raised a $4 million seed round. Investors in the round include Alchemy Ventures, Aglaé Ventures, and P Nation.

Bitcoin Bitcoin $69,509.41
-8.54%
Staking Decentralized exchange SushiSwap Coinbase Bitcoin Polkadot
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