Playbux, a blockchain-based e-commerce metaverse platform, has closed a $2 million seed funding round led by Binance Labs with participation from Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet and OFR.
Playbux is a metaverse platform that has established a Shop & Earn system, allowing users to shop at over 20,000 global merchants and earn cashback rewards. The company has stated that it plans to introduce more earning mechanisms in the future.
According to DefiLlama data, the total value locked (TVL) in Ethereum's re-staking protocol EigenLayer has fallen below $15 billion, currently at $14.794 billion.
The European Securities and Markets Authority (ESMA) is consulting with the investment product advisory industry and experts on whether cryptocurrency assets should be included. This move could open up a broader market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of UCITS (EU Transferable Securities Collective Investment Scheme), with the UCITS market reaching as high as €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrency assets in Europe.
According to SlowMist analysis , the IP address associated with the theft of 1155 WBTC has been traced to Hong Kong (VPN use cannot be ruled out). Earlier reports indicated that a certain address was suspected to be a victim of phishing attacks and lost 1155 WBTC, worth 71 million USD. Subsequently, the fraudsters sold all 1155 WBTC and exchanged them for 22960 ETH, and used a large number of wallet addresses to send and launder the funds.
According to Cointelegraph, Web3 game developer Seeds Labs has announced the completion of a $12 million seed round financing, with participation from Avalanche's Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC, and Emoote.It is reported that Seeds Labs, a Solana ecosystem game infrastructure developer, was established in 2021, and its Web3 game Bladerite is scheduled to be released this month.
The Hong Kong Bitcoin spot ETF had a net purchase of 101.6 bitcoins and a total holding of 4350 bitcoins on May 8th. The daily trading volume was 2.67 million US dollars, and the total net assets were 270 million US dollars. The daily BTC purchase came from Bosera HashKey and Huaxia Bitcoin ETF.
Donald Trump announced that he is accepting cryptocurrency as a form of donation for his presidential campaign.
Uniswap founder Hayden Adams posted on social media that cryptocurrency founders and venture capitalists need to stop valuing projects at over $1 billion in the early stages of development and before tokens have been released, until they are truly worth that valuation. Building something worth 7-9 figures is an incredible achievement, and not every project needs to be a unicorn at launch. Additionally, Hayden Adams said, perhaps it's naive, but I think raising funds as a founder at a fair valuation (real talent wants upside) and investing at a fair valuation as a VC (LPs want upside) can make more money. It's just harder to do it that way.
According to Watcher.guru on X platform, former President Donald Trump stated that he will stop the hostility towards cryptocurrency in the United States and embrace it.
Encrypted mining company Core Scientific reported on Wednesday that it mined 2,825 bitcoins in the first quarter of 2024 (worth over $175 million at current prices).The company also reported a net profit of $210.7 million, compared to a net loss of about $400,000 last year. Its stock has resumed trading on Nasdaq after emerging from bankruptcy.
The Fed's Collins stated that it may take longer than expected to reach a 2% inflation level; the policy is appropriately restrictive for risks; rates should be maintained until confidence is strengthened; the full impact of restrictive policies may not yet be seen; high uncertainty reinforces the need for the Fed to remain patient; it is necessary to slow down the US economic growth in order to put inflation on the path towards a 2% decline; there has been no sign of inflation falling back since 2024; demand is expected to eventually slow down, but there is uncertainty regarding timing.
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