Top10 News

1、 Voyager Digital Secures Loans From Alameda to Safeguard Its Assets link

Crypto broker Voyager Digital (VOYG) signed a non-binding term sheet with quant trading shop Alameda Research to secure a revolving line of credit to safeguard its customers’ assets from current bear market conditions.

The loan will be in two parts. The first is a cash/USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC. Voyager will only use the credit facilities if needed to safeguard customer assets, the broker said in a statement on Friday.

2、Public miners sold 4,411 bitcoins in May, well above the average of 1,115 bitcoins per month earlier in 2022 link

According to NYDIG research report data,public miners sold 4,411 bitcoins in May, well above the average of 1,115 bitcoins per month earlier in 2022. At the end of May, the miners held about 46,594 Bitcoins, or about $1.5 billion at the time’s price, according to public filings.

3、Solend Attempt to Take Over a Whale Account? link

Due to the concern that the liquidation of whale’s position would cause a further decline in SOL price, Solend initially proposed to take over whale’s account temporarily, but it did not materialize later. Under the background of stable market conditions, whale gradually paid off its debts.

4、Ontario Securities Commission Slaps Bybit and KuCoin With Penalties link

A top Canadian financial regulator has slapped two crypto exchanges, Bybit and KuCoin, with enforcement actions for failing to comply with securities laws in the Canadian province of Ontario.

The Ontario Securities Commission (OSC) determined that both exchanges were operating noncompliant platforms that allowed Ontario residents to trade unregistered securities.

5、Hoo、AEX and CoinFlex stopped withdraw

Exchange withdrawal difficulties are common in bear markets. Last week, hoo had difficulty withdrawing money. The official reply was caused by the upgrade and maintenance of the wallet system. AEX due to long-term asset allocation can not be redeemed in the short term, suspended mainstream coin withdrawal; CoinFLEX has suspended all withdrawals until June 30.

6、The wechat public platform will restrict the issuance, trading and financing of virtual currency related content accounts, and in serious cases will be banned link

7、BlockFi Receives $250M Credit Facility From FTX link

8. dYdX to Start a Standalone Blockchain link

The chain, which will introduce the fourth version of the dYdX platform, will be built in the Cosmos blockchain ecosystem — a community of interconnected blockchains that can easily communicate and trade assets back and forth.

9、Uniswap Labs Acquires NFT Startup Genie link

Uniswap Labs said Tuesday it has acquired NFT marketplace aggregator Genie in a push to support trading of non-fungible tokens “soon.”

The terms of the deal weren’t disclosed, and neither was the fate of the Genie team.

10、Harmony Ropes in FBI After Losing $100M in Exploit link

The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. FBI have joined the search for the attacker.

Fundraising

• Immutable launches $500M fund to boost web3 gaming adoption link

• FTX Acquires Alberta-Based Restricted Dealer to Expand Canadian Presence link

• NFT Marketplace Magic Eden Raises $130M for Creator, Collector Support link

• confirmation NFT Fund link

• Binance.US Targeting $50M Follow-On Raise at $4.5B Valuation link

• Doodles NFTs Announces Pharrell as Chief Brand Officer, Fundraise Led by Alexis Ohanian link

• Learn more, check out DoveMetrics.

Insights

• Game Governance Structures link

• Where are all the crypto use cases? link

• Where are the emperor’s clothes? link

• Union Square Ventures: The Thinkers link

• The Current State of Crypto (June 2022) link

• Notes From a Bear Market (Crypto Edition) link

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish