- Decentralized liquidity staking protocol Lido has officially launched its V2 version through an on-chain vote. The update introduces direct withdrawals and a new staking module, allowing users to unstake their ETH directly through Lido.
- Bitcoin’s daily transaction fees have dropped to approximately 90 BTC and have been steadily declining for a week.
- Cryptocurrency mining firm Soluna Holdings, has secured $14 million in funding from private data center development company Navitas Global to complete the development of the Dorothy 1B project in Texas.
- Tether has released its Q1 reserve breakdown, revealing that it holds over $53 billion worth of U.S. Treasury bonds, which account for more than 64% of its total reserves. The combination of Treasury bonds and other reserves in the form of cash and cash equivalents, such as overnight repos, term repos, money market funds, cash, and bank deposits, make up nearly 85% of its reserves, reaching an all-time high. Additionally, Tether reduced its bank deposits from $5.3 billion to $481 million during the first quarter to mitigate counterparty risk.
- FTX/Alameda has filed a priority claim dispute against Voyager for approximately $445 million, which represents about one-third of Voyager’s assets.
- Decentralized digital identity solutions provider, Lifeform, has completed a Series B funding round led by IDG Capital, with an estimated valuation of $300 million. The funding amount was not disclosed and will be used to expand the ecosystem.
- NFT lending protocol Blend has added support for two NFT series, Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).
- The Minister of Justice of South Korea stated that tokens like LUNA can be considered as securities.
- BlockSec monitoring has discovered a new type of NFT phishing scam that exploits the OpenSea proxy upgrade interface.
- The REACT task force of the U.S. Secret Service stated that blockchain technology helps track the flow of criminal funds and acknowledged their own holdings of cryptocurrencies.
- Web3 education protocol, Open Campus, has launched a $10 million global fund for education workers.