1、Terra releases airdrop details, 2.0 is coming, and everything seems to be settling down link

Terra officials have now confirmed that Terra 2.0 is expected to on May 28th, 2022 at around 06:00 AM UTC, and the rules for airdrops have also been clarified, with most exchanges also releasing rules for airdrops for their platform user.

2、StepN ban all mainland Chinese users due to regulatory policies. link

Move To Earn Game StepN suddenly announced that it will ban all mainland Chinese users due to regulatory policies. The reason for banning Chinese users is that its technical team is located in China and needs to comply with local regulatory policies, will continue to focus on products rather than token prices in the future.

3、Bitcoin’s eight-week dump, while the primary market is on fire with funding link

Bitcoin market has now fallen for eight consecutive weeks, marking the longest losing streak in history. An assessment of the derivatives market suggests that concerns about further downside remain for at least the next three to six months. And against a backdrop of record high correlations between U.S. stocks and the cryptocurrency world, the market appears to be backtracking again, with U.S. stocks up and the cryptocurrency market down. However, the primary market does look the other way, with a16z’s $4.5 billion fund, StarkWare’s $8 billion valuation and more, as detailed in the funding section below.

4、Kassym-Jomart Tokayev meets the founder and CEO of Binance Changpeng Zhao link

The President held a meeting with Changpeng Zhao, the founder and CEO of Binance, the world’s largest crypto exchange company.

During the meeting, they discussed prospects for long-term cooperation between the relevant agencies of Kazakhstan and Binance in digital finance and implementing joint educational programs in the field of blockchain technologies, as well as issues of creating a regional hub of the crypto industry in Kazakhstan.

5、Atlanta Fed Governor Bostic threw out the idea of “suspending interest rate hikes in September” this week link

Atlanta Fed Governor Bostic threw out the “September pause” view this week, and he also published an article “Monetary Policy in Changing Labor Market Dynamics,” urging the Fed to remain cautious when tightening policy. But Bostic 2022 is not a member of the FOMC ticket. In addition to corporate earnings reports releasing profit warnings, recent high-frequency U.S. economic data also signals that U.S. economic growth is slowing.

6、ETH DEV terence.eth explains how the beacon saw a 7-block deep reorg link

Fundraising

• a16z raises $4.5 billion crypto fund. link

• NGC Ventures raises $100m for third fund. link

• LayerZero Labs seeks backing that would triple its valuation to $3 billion. link

• StarkWare Reaches $8B Valuation Following Latest $100M Funding Round. link

• Standard Crypto raises new $500 million fund. link

• Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B link

• Former Binance executives launch $100M crypto fund link

Learn more, check out DoveMetrics.

Insights

• The Hitchhiker’s Guide to Ethereum link

• Designing Token Economies link

• How to Survive a Crypto Bear Market link

• Vitalik: Two thought experiments to evaluate automated stablecoins link

• How Startups Can Survive the Creator Economy Winter link

Terra Summary

Terra officials have now confirmed that Terra 2.0 is expected to on May 28th, 2022 at around 06:00 AM UTC, and the rules for airdrops have also been clarified, with most exchanges also releasing rules for airdrops for their platform user.

Learn more:

• Terra Ecosystem Revival Plan 2 [AMENDED] link

• Rebirth Terra Network Proposal link

Regulatory Ferment Triggered by Terra Incident

• In the wake of the Terra incident, the Korean Financial Supervisory Authority is working to regulate the risk assessment of virtual assets link

• Korea Financial Supervisory Authority Announces On-Site Inspections of Companies Providing Financial Services Related to Terra Project link

• IRS investigation of Terra focuses on virtual currency issuance through offshore tax avoidance companies link

Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish