【Data Intelligence】
The 24-hour trading volume of the CryptoPunks series of NFTs exceeded $3.7 million, and the trading volume increased by more than 340%
On May 16, according to NFTGo.io data, the 24-hour trading volume of CryptoPunks series NFT reached 3.717 million US dollars, an increase of 340.32%. As of press time, the floor price of this series is 53.8 ETH, an increase of 15.02% in 24 hours.
The total market value of Adidas Originals series NFT dropped to 60.57 million US dollars
According to NFTGo data, the total market value of adidas Originals Intothe Metaverse series NFT dropped to US$605,710,625,800, ranking 31st among all NFT projects in terms of total market value; its 24-hour transaction volume was US$186,323.20, an increase of 8.94%. As of press time, the current floor price of this series of NFTs is 1.4ETH.
【 Regulatory News 】
Report: Central African Banking Regulator Says Crypto Ban Remains in Effect
African regulator the Central African Banking Council(COBAC) has reminded members of the regional economic bloc, including the Central African Republic (CAR), that its ban on cryptocurrencies remains in effect. The regulator’s latest warning follows CAR’s recent decision to adopt bitcoin as the country’s “reference currency.” CEMAC banking regulator COBAC believes the ban will ensure financial stability, Reuters reported. In a statement issued after a special meeting on May 6, the regulator reportedly said it would also take steps to identify and report crypto-related transactions. Meanwhile, the report cites Central African Republic government spokesman Serge Ghislain Djorie, who insisted that COBAC has yet to formally notify his country’s regulators of another boycott of cryptocurrencies.
Dagestan Authorities Seize Over 1,500 Crypto Mining Rigs in Crackdown
Officials from the Ministry of Internal Affairs and the Federal Security Service of Dagestan discovered a large crypto mining farm in the Russian capital Makhachkala, TASS news agency reported. A press release detailed that law enforcement officials have seized 1,476 devices that produce digital currency. The owner of the illegal facility also provides services to other miners, including installing mining equipment, connecting them to the grid, and providing security, the department added.
【Industry Trends】
Venus has resumed operations such as deposits and withdrawals. Users who use UST and LUNA as collateral need to provide collateral to prevent liquidation
According to news on May 16, the lending protocol Venus on the BNB Chain has resumed operations including deposits and withdrawals (except for UST and LUNA). :00 Start normal operation, users need to provide collateral to pay UST or LUNA loans to prevent liquidation. According to the previous news, Venus announced the protocol recovery plan, and will vote to delist LUNA and UST from the market on May 18.
The multi-chain DeFi protocol FEG is suspected of being attacked
According to news on May 16, the multi-chain DeFi protocol FEG was suspected of being attacked, and a total of 143 Ethereum and 32,747 BNB were lost, about 1.3 million US dollars.
Encrypted Music App Inflow Completes $1.5 Million Seed Round Funding, ConsenSys and Protocol Labs Participate
On May 15, the encrypted music application Inflow announced the completion of a $1.5 million seed round of financing. ConsenSys, Protocol Labs and others participated in this round of financing. Inflow mainly helps musicians launch their own cryptocurrency and make profits through Token. Inflow also launched an artist fund to provide financial support for musicians to shoot music videos, launch video podcasts, and hold concerts.
Polygon Studios will dedicate funds and resources to help Terra projects migrate to Polygon
On May 16th, Polygon Studios CEO Ryan Wyatt tweeted that he is working closely with various Terra projects to help them quickly migrate to Polygon, and Polygon will invest funds and resources to deal with these migrations to welcome developers and Their respective communities join the platform and will share more content soon.
The Ethereum network gas fee has been reduced to 20 gwei
On May 15, according to Etherscan data, the current Ethereum network Gas fee has dropped to 20 gwei.
【Elite Viewpoint】
CZ: Binance only invested $3 million in Terra in 2018 and did not receive any UST
On May 15, Binance CEO CZ stated on social media that Binance Labs only invested $3 million in Terra in 2018 and did not participate in subsequent financing. Since UST came after Binance Labs' investment, Binance also didn't get any UST. In addition, CZ said that Binance has been working hard to support the Terra community in recent days. The previous remarks only pointed out the potential problems of the project from the perspective of personal understanding. He hopes that the team's operation can be more transparent and the project can be rebuilt in an appropriate and sensible way. According to previous news, CZ posted on social media that he had never held UST and did not know anything about UST. Since then, because Binance Labs has invested in Terra, CZ's related remarks have aroused heated discussions.
CNBC Tech Reporter: Tether (USDT) Is a Bigger Indicator of Cryptocurrency Market Stability
On May 15th, CNBC technology reporter Kate Rooney commented on the recent crypto market trends, saying that stablecoins are very important to the crypto market, among which Tether (USDT) ranks first with a market value of (more than) 80 billion U.S. dollars. It is a larger indicator of the stability of the cryptocurrency market.
【What to watch today】
Terra blockchain resumes block production at 2am
Terra officially tweeted at 2:00 a.m. that Terra blockchain has resumed block generation, and block delegations are disabled because the new code merge chain has taken effect. Previously, the team said that in order to prevent governance attacks, Terra verifiers have decided to officially stop the Terra chain at the block height of 7603700.
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All the latest information
Yuga Labs employee has resigned amid controversy surrounding past racially insensitive and antisemitic tweets, sending ripples through the NFT community. The incident has raised concerns about background screenings in the industry and brought past allegations against Yuga Labs back into the spotlight.
JasperThe ongoing legal skirmish involving Bitboy has intensified; he is determined to recover assets that were seized, including a Lamborghini that mysteriously disappeared.
KikyoAn Indian spy is currently facing serious allegations for leaking classified information about Indian Navy submarines and warships to Pakistani intelligence operatives for cryptocurrency, an act that could potentially lead to the death penalty.
JasperThe US Consumer Financial Protection Bureau aims to supervise non-bank digital wallets, emphasising enhanced consumer protections in the digital finance realm.
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BrianThe Justice Department has asserted its need for the authority to seize cryptocurrency from Americans, even without judicial approval.
JasperThe Kazakh government has taken the measure of blocking access to Coinbase's website, citing the exchange's lack of a required operating license within the country.
CatherinePT Pelayaran Korindo will tap into Klaytn and NEOPIN’s expertise in tokenization and blockchain development to tokenize Korindo’s ship-related assets.
ClementIn a move to combat telephone fraud, a law enforcement agency recently executed an operation that led to the apprehension of two individuals, aged 20 and 33. The arrests took place in a public facility, and the suspects are currently under investigation for their involvement in a series of fraudulent activities.
JoyInternational soccer superstar Lionel Messi has ventured into the world of esports by joining KRÜ Esports as a co-owner
Aaron